Islamic finance now, is seen as a viable alternative to the conventional financial system, which has the prospect of high growth and application that could potentially provide the panacea to address issues and problems currently facing the conventional financial system. Since Islamic finance is growing at a rapid pace and has started to melee meaningful economic contributions in many countries, there is a growing interest on the role of Islamic finance in contributing to efficient functioning of the overall financial system and its relation to the real economic activities. The unique feature of Islamic finance which requires the cormpliancy to the Shariah in all its aspects, would result in an economy achieving the maqasid al-Shariah and obtaining the noble objective of socio-economic justice for all which is the major characteristic of an Islamic economy. This book aims to provide a comprehensive understanding about the characteristics, structure and operations of an Islamic financial system, particularly in performing its role as an integral component of the overall economic system. This involves an understanding on the foundation as well as evaluation on the concepts and stricture of the Islamic financial system, as well as the legal and regulatory framework facing the system. Comparisons are made between the Islamic financial system with its conventional counter-part so as to highlight the unique features of the Islamic financial system in mobilising financial capital in a Shariah-compliant manner, while pointing-out the economic implications of the difference between the two systems. Key principles and characteristics of the lslamic financial system, as well as the financial product or instruments traded in various segments of the system are highlighted. This includes the operations of each component of the Islamic financial system, starting from the Islamic money market, Islamic equity market, sukuk market, Islamic unit trusts industry, Islamic banking institutions, and Islamic non-bank financial institutions. Also critical to the functioning of the Islamic financial system is the monetary system, which in essence, relate the Islamic financial system to the overall economic system.
Islamic Financial System: Theory and Practice
RM100.00
Frequently Bought Together
| Weight | 0.85 kg |
|---|---|
| Dimensions | 23 × 15.5 × 2.3 cm |
| Author | |
| Binding | Paperback |
| Pages | 363 |
| ISBN | 9789674910365 |
| Publisher | IIUM Press |
Be the first to review “Islamic Financial System: Theory and Practice” Cancel reply
You must be logged in to post a review.
You may also like…
Economic Security In Islam
This book is an English rendering of a popular Arabic book entitled Mushkala al-Faqr wa Kaifa ‘Aljiha al-Islam by the renowned Muslim Scholar ‘Yusuf al-Qaradawi. The author depicts the basic principles of the Islamic Economic System in the light of the Holy Qur’an and the Sunnah.
Economic concepts of Ibn Taimiyah
This valuable work presents Ibn Taimiyah’s thoughts on the concept of Islamic economics, the state in the economy, on public finance, money, interest, prices, partnership, and profit-sharing, and offers a comparison of his ideas with those of some medieval scholars in Europe, along with a study of his influence on Islamic thinkers in later periods.
An Islamic Paradigm In Economics Vision And Mission
This book emphasises not only thoughts and theoretical concepts, but also discusses their application.
in the real world. Hence, it suggests that a holistic approach to economic development, which harmonises between material and spiritual well-being is not entirely idealistic but is, in fact, pragmatic and applicable.
Islamic Finance in Malaysia: Growth & Development
This modern history of Islamic finance is pretty short spanning a period of roughly five decades, compared to conventional finance which goes back to more than four centuries earlier. Islamic finance has spread rapidly across the globe, reminiscent of Lao-Tzu’s famous saying “A journey of a thousand miles begins with a single step”. Malaysia, a pioneer in the development of the Islamic finance industry, has emerged as one of the major hubs for global Islamic finance.
Islamic Legal Maxims & Their Application in Islamic Finance (2nd Ed.)
Islamic Legal Maxims and Their Application in Islamic Finance is one of the most comprehensive compilations of Islamic legal maxims available in English. The most important feature of this book is that it explains each maxim in a way comprehensible to both Shari’ah experts and Islamic finance practitioners. Another feature is its emphasis on the application of the maxims in the actual practice of Islamic finance.
Islam And The Business Mind-Set
Written by one of the top young entrepreneurs in the North of England, Ilyas Salim is MD of Salim Enterprise, a global investment company.
From this book, you will learn how to:
- Create a business mentality
- Start a moral and ethical business
- Expand your business
- Work smarter, not harder
- Attract Barakah into your business
- Achieve not just a work/life balance, but a total life balance.
All this is within the framework of the Qur’an and Hadith and examples from the life of the Prophet Muhammad SAW.
Related Products
Epistemological Integration Essentials of an Islamic Methodology
Epistemological Integration: Essentials of an Islamic Methodology is a program which seeks to construct an intellectual framework for Islamic methodology with a view to realizing practical training in the thoughtful investigation of issues related to knowledge in various fields. The book’s title affirms the distinctive types of integration that characterize Islamic methodology, including integration of sources, means, and schools of thought, as well as existing realities with desired ideals etc. This is fully consistent with human nature, as variety is fundamental to the functions people perform and skills they master. The work essentially makes the case that fundamental to any Muslim recovery is laying the foundations of sound thinking and values that integrate the two main sources of knowledge: Revelation and Reality (that is the created worlds both physical, societal and psychological) under the umbrella of Tawhid. Islamic methodology adopts that and extends human hopes to integrate efforts so that humanity can realistically achieve prosperity on earth and earn eternal happiness in the afterlife.
Tajdid, Islah and Civilization Renewal in Islam
The history of Islamic thought is marked by a continuous tradition of internal revitalisation and reform embedded in the principles of islah, and tajdid. The ultimate purpose has been to bring existing realities and social change in line with the transcendent and universal standard of the Qur’an and Sunnah through a process of restoration and reform. The tradition of islah-tajdid has thus consistently challenged the Muslim status quo and prompted fresh interpretation of the Qur an and Sunnah, understood and implemented through the methodologies of interpretation and ijtihad, as well as the rejection of unwarranted accretions to the original messages of Islam. The basic theme of the paper is that civilisational renewal is an integral part of Islamic thought. The paper looks into the meaning, definition and origins of tajdid and islah and their relationship with ijtihad, and how these have been manifested in the writings and contributions of the thought leaders of Islam throughout its history. It also develops tajdid-related formulas and guidelines that should lead the efforts of contemporary Muslims in forging the objectives of inter-civilisational harmony and their cooperation for the common good.
Riba: Usury or Interest
The Noble Qur’an states: {… Fear Allah, and give up what remains of your demand for usury/interest, if you are indeed believers. If you do not do so, then take notice of war from Allah and His Messenger.} (Qur’an 2: 278-279) Despite this obvious prohibition, the practice of ribâ (usury and interest) has polluted the global economy completely. This booklet explains the awful consequences of dealing in usury and interest in a summarized but convincing manner.
The Hard Truth of Islamic Finance
What is the book all about? It seeks to strike a balance between objectives and expectations. While expectations are easy, meeting objectives is hard.
The book also aims at unlocking the real face of Islamic finance without any make-up or cosmetic touch-up. The moment it is linked to something external and artificial, it becomes cluttered.
For all intents and purposes, every discipline has its core torso and fabric. Islamic finance should have its own ‘DNA’ and identity. The book is simply about bringing Islamic finance back to its basics. You may add on additional verticals and layers but it cant be on the expense of its core foundation.
Hajj & Umrah (Pocket Guide) – English Version
A useful pocket guide that includes the rites of Umrah,Hajj, and visiting Madinah.
The Higher Objectives of Humanity
A video summary of this book can be found here: https://www.youtube.com/watch?v=YdNQxv_ODdc&t=26s This book discusses the why, what and how of Rahmatan lil-Alamin as the higher objective of humanity. It presents a practical understanding of the purpose of creation and humanity to improve the individual and collective well-being of Muslims and society. The intention is to re-introduce and re-emphasize the correct Islamic perspective of humanity. The first five chapters revisits the common understanding among Muslims as to why mankind is created. We show that the prevalent view that we are created to worship Allah (SWT) is incomplete. There is a higher and more noble purpose; Rahmatan lil-Alamin (mercy to the worlds). We next describe the what of Rahmatan lil-Alamin. The best role model of Rahmatan lil-Alamin is undoubtedly Prophet Muhammad (SAW), the last and final prophet and messenger, whom Allah (SWT) sent with a very clear purpose, “And We have not sent you but as a mercy to the worlds.” [21:107]. We present many examples from the history of Prophet Muhammad (SAW) and a collection of his (SAW) sayings and advice on being the best. The final chapters of the book deal with the how of Rahmatan lil-Alamin. We describe in detail how the Muslim can apply Rahmatan lil-Alamin daily in his or her life. We propose a practical model of Rahmatan lil-Alamin that we induced from the Quran. We also addressed how to apply Rahmatan lil-Alamin to a broader society by proposing a decision-making tool that can guide us as persons and as communities to make decisions that conform to the foundations and priorities of Rahmatan lil-Alamin. We present case studies from the history of the Companions using this decision-making model. This book seeks to establish a connection between Islam and civilization within a civilizational and ethical framework. We believe that a more proper and complete understanding of the Islamic view about humanity may present to us new perspectives of Islam and how Muslims should engage with fellow Muslims and people of other faiths. In fact, the implication of this new reinterpretation framework goes even further in that: any human civilization built on this framework is the most prosperous for the whole and also for the individuals in it.
Manufacturing of Halal Pharmaceuticals (P/B)
This book aims to cover the fundamental aspects of pharmaceutical manufacturing from the Islamic worldview to inspire students that whatever they do including very mundane routine work such as checking pH can be an ‘ibādah – if they work within the sphere of Islamic teachings and in shā’ Allah all the time and effort will be rewarded by Allah SWT. The first chapter describes the Islamic perspectives towards the safeguarding of life vis-à-vis the use of medicines or pharmaceuticals and can be considered as an overview for the Islamic manufacturing practices. Although this book is about the manufacturing of pharmaceuticals, other industries may benefit from the discourse and examples given. As much as possible, processes and regulations are described in the book so that it covers the syllabus of industrial pharmacy for undergraduate use and still can be referred for postgraduate studies.
Islamic Finance : A Practical Introduction
Islamic finance and banking is governed by the tenets of Islam and is based upon the principles of the Shariah, a code of conduct for Muslims to adhere to when managing their lives, including their finances. This slim volume breaks down this code and teaches readers how it is practically applied in business, personal finances, and the global economy.
Islamic Financial System: Principles & Operations
This second edition of the book marks another milestone of a collaborative effort between prominent scholars and practitioners of the Islamic finance industry. It sheds light on the front line issues faced by the Islamic finance industry with academic rigor. Each chapter in the book is complete with figures, diagrams, tables, case studies, a set of review questions and problems and a list of references for further reading. It offers invigorating discussion on a comprehensive range of topics related to Islamic finance, combining both theoretical foundations and operational aspects.
The Corruption of Riba : Its Evil Essence, Forms, and Harms
In a time when many disregard the commands and prohibitions of Allah – the Most High, it is crucial to remind people of their obligations to Him and His Messenger, peace and blessings be upon him. The need for such reminders becomes urgent when acts prohibited by Allah, such as ribaa (usury), are treated as permissible, reflecting a grave defiance. Ribaa, one of the most despised sins in the sight of the Most Merciful, carries the severe consequence of a divine declaration of war against those who engage in it.
Recently Viewed
Astrophysics & The Holy Quran (H/B)
We are living now-a-days in the age of science. The intelligent human beings want to know where did they come from? Where did the universe come from? Will the universe come to an end, if so, how? Is the universe static or dynamic, if dynamic, is it expanding or contracting? What is time? When was it started? Will it come to an end? What are Black Holes? What are the forces of Nature? What is the smallest piece of matter? What is the status of man in the universe? Are there ultimate limits for human beings to know about something?
The majority of people especially in the third world are unable to answer these questions. When they are asked such questions, most of them answer with a shrug or with a vague and ambiguous knowledge. On the basis of Holy Qur’an as well as scientific knowledge, I have tried my level best to answer these questions in this book “Astrophysics and the Holy Quran”.
Bent Rib: A Journey Through Women’s Issues in Islam (H/B)
This book examines the role of women in Islam, their education and marriage, and several controversial topics such as domestic violence, female genital mutilation and polygyny. It addresses honestly the divergence between Islamic teaching and actual culturally-influenced practices.
[AAA] Alzahir Fi Ma’ani Kalimat Alnas 2 Vol / الزاهر في معاني كلمات الناس 1/2
كتاب “الزاهر في معاني كلمات الناس“ هو أحد أقدم وأهم مصادر اللغة العربية والأدب، صنّفه العالم اللغوي الكوفي البارز أبو بكر محمد بن القاسم بن بشار الأنباري المتوفى سنة
The Crusades P/B
In the new narrative of history, the story of the crusades (1095-1291) has been altogether transformed. we thus hear that the Christian crusades were only a response to Muslim aggression, that the stories of crusader atrocities were exaggerated, that the Muslims acted in an equally brutal manner. We hear that legendary Muslim figures such as Salah Eddin, Zangi, Baybars,Etc, were murderous , cunning, scheming leaders and that the Mongol leaders such as Genghis Khan and Hulagu, who between them slaughtered millions of Muslims during the crusades, were great men with great vision. We are told that the Muslims always obtained their victories by fighting small forces of crusader armies and that the crusades brought great military and civilian skills to the Muslim world, and so it goes on. It is these fallacies and countless others, which are found in the new teaching and writing of crusades, that this book unravels and counters. This book also tells the full story of the crusades by relying on both Islamic and Christian sources, old and new. Whilst retaining the academic and scientific approach, it also adopts a style accessible to all.
My First Wudu Book: Bath Book
‘My First Wudu Book’ is a colour-changing bath book, which aims to truly captivate and educate young hearts on the order of washing the basic body parts for wudu — the ritual washing performed by Muslims in preparation for their daily prayers.
Hadith Course
Hadith Course is essential reading for all English speaking students of Hadith, presenting fifty hadiths in Arabic and English in an easy-to-understand manner. Vocabulary and an explanation of each hadith are given, along with the lessons learned from it. All of the hadiths have been carefully chosen for authenticity and cover a wide range of topics, including belief, jurisprudence, social matters, business and much more. This book is an invaluable handbook for schools and self-learners.
Ghibah (Backbiting) : The Root Cause of All Evil : The Commands and Prohibitions of the Shariah
Islam is a religion of peace, love, and compassion. Lies, suspicion, backbiting, slander, vain talk — all these are anathema to Islam. Indeed, such negative activity sows the seeds of enmity among the people and ultimately brings about the downfall of society. Backbiting (ghibah) in particular, according to the Qur’an, is not just a common social evil, but rather an abhorrent act, a major sin — the equivalent of eating one’s brother’s flesh.
Numerous ahadith of the Prophet Muhammed (pbuh) also underscore the complete futility, extreme loathsomeness and grave consequences of the deliberate misrepresentation of others. Backbiting, by the unanimous rulings of religious scholars (ijma) is forbidden, so that anyone who indulges in it is guilty of serious wrongdoing. Yet people have no qualms about engaging in this practice, flouting all prohibitions and strict commands.
Drawing upon important source material on the subjects of backbiting, false accusation (bhutan), and related issues, this book highlights the need to keep our society free of his ignoble malaise. To this end, it elucidates the relevant commands and prohibitions of the Shari’ah, so as to create in the minds of its readers a deep awareness of the sinfulness and ill effects of calumny.
By Shakil Ahmad Khan and Wasim Ahmad
Wipe-Clean Arabic Alphabet P/B
Wipe and Clean Arabic Alphabet introduces children to Arabic alphabet in a very clear, fun and engaging manner. Wipe and clean book is a perfect way to build your child’s early Arabic alphabet recognition and writing skills. Your little one will love discovering Arabic letters and write and wipe them again and again until they feel confident to write them alone.
Meeting Muhammad S.A.W by Kube
Through 30 beautifully detailed chapters with narrations from companions, take a journey from only knowing about Muhammad (sws) to knowing him and loving him and feel what it was like to be a companion of his in this life and strive to be companions of his in the next.
Nurturing Eeman In Children (H/B)
A plethora of parenting books on the market these days covers every aspect of dealing with your children. From the terrible twos to the troublesome teens, you will have no problem finding multitudes of books claiming to point you in the right direction when it comes to raising a child. Whether you’re aiming to raise a baby Einstein, or just looking for some hints on how to handle an unruly tyke or teen, you will no doubt find plenty of advice. Nurturing Eemân in Children, however, addresses an aspect of child-rearing that is vitally important and is not touched upon in the mainstream selections that we are so familiar with. In her book, Dr. Aisha (Hamdan) Utz clearly and in no uncertain terms explains the importance of instilling in our children a strong connection to their Creator and a love for the religion that He has chosen for us and for them. From this book, you will learn the what, the why, and the how of raising a righteous Muslim child.





































































There are no reviews yet.