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.
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.
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.
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
Zakat and Poverty Alleviation (P/B)
This edited book aims to raise issues pertaining to the topic of zakat and its primary goal of poverty alleviation. It portrays the dynamism of zakat by highlighting pertinent issues on the management of zakat institutions and innovative programmes that are designed as effective distribution mechanisms. Discussions include zakat payment motives, ways to measure the efficiency of zakat disbursement, economic development initiatives, housing programme, microfinancing, and actual impact on poverty alleviation. The discussions raised put emphasis on policy-orientation with dedicated sections on policy implications and recommendations. This approach is deemed necessary since it could guide the thought process of interested parties towards the creation of new ideas to actualize zakat as a very reliable tool in addressing the massive problem of poverty among Muslim communities. This special feature also significantly adds to the much-needed reference materials in courses on zakat at the intermediate level of undergraduate studies and introductory level of postgraduate programmes.
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.
Healing With the Medicine of the Prophet SAW (New Edition – Full Colour)
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 Capital Markets: Principles and Practices (P/B)
KEY FEATURES OF THE BOOK
* It elucidates the principles and practices of the Islamic capital market with academic rigours.
* It sheds light on the cutting-edge practical issues faced by the industry.
* Every chapter contains relevant case studies and supportive illustrations.
* Multiple Choice Questions (MCQs) and discussion questions are provided at the end each chapter.
KEY SUBJECTS
Shari’ah framework, Regulatory framework, Corporate and Shari’ah governance, Risk management, Accounting and taxation, Sukuk Islamic equity market, Islamic unit trust, REITs and ETFs, Islamic private equity and venture capital, Islamic derivatives and hedging and Islamic structured investment products.
A Mini Guide to Takaful (Islamic Insurance)
This Mini Guide will prove useful and constructive to readers who want a better understanding of the takaful industry in contemporary Islamic finance.
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.
States Do Not Go to Heaven: Towards a Theory of Islamic Agency in International Relations
This book compares and contrasts Islamic world views and Western theoretical perspectives on international relations to suggest that a combination of the two could lead to a mutually beneficial redefinition of contemporary international relations utilizing Western theoretical tools and incorporating an Islamic perspective. Particular focus is given to the Islamic concept of istikhlaf as an ontological and normative foundation. The reasoning being that all man-made social arrangements on “earth”, as well as international society, should be considered a realm of istikhlaf. This allows for return to an eternal and critical first principle, linking all social roles to this principle, which is that man as designated by the Qur’an, is God’s khalifah or Vicegerent on earth. It’s a statement of great magnitude.
Islamic Economics : Principles & Analysis (P/B)
Economics is a social science that studies the behaviour and interactions of economic agents and analyses how economies work at the macro- and micro-levels. It studies production, distribution and consumption of goods and services, identifies economic problems and phenomena, and addresses economic questions from a positive perspective (what is) as well as a normative (how it should be) perspective. Islamic economics examines the same areas as its conventional counterpart. However, it involves the application of Sharīʿah to the different economic functions and issues. It is postulated that Islam offers a better approach compared to conventional economics in managing economic activities and solving economic and social issues.
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.
Recently Viewed
Hell-Fire Its Torments and Denizens
In all the divine revelations there is a constant warning that wrongdoers may end up in Hell-fire, though Allah’s kindness and mercy are extended to many people. Reading about the Hell-fire enables one to know it, fear it, and try utmost to keep oneself away from it through correct beliefs and good deeds. The more one knows about Hell-fire, the more he or she strives to be saved from its reach. Relying on statements from the Holy Qur’an and the Hadith, this book enables the reader to have a realistic picture of Hell-fire’s torments. It may be enough to know that it is a raging fire, but detailed knowledge of it, as displayed in this book, will strengthen a person’s belief and eventually, Allah willing, make him or her seek for and remain steadfast on the path to salvation. This is an indispensable book for believers and non-believers alike. Hell-fire: Its Torments and Denizens is an abridged, summarized version of Siddiq Hasan Khan’s book about the Hell-fire.
A Guide to Male-Female Interaction
Are Muslim men allowed to interact with female students, and vice versa, in a virtual classroom? Can a Muslim woman pursue a professional career that necessitates her interaction with men? Is it appropriate for a woman to serve her husband’s guests? Do mixed wedding ceremonies comply with the Sharia? Read this bilingual book to find the answers and more!
Purity of Faith (P/B)
The order to live one’s life in accordance to the dictates of Tawhid, monotheism, is the single most important injunction laid down by the revealed law, it formed the core of the call of all Prophets and was the essential message of all revealed scripture. To worship Allah based on Tawhid is the purpose of human existence, and it is through this worship that man achieves a sense of fulfilment and contentment; in the words of one of the scholars, ‘he enters a paradise in this world before entering the Paradise of the next.’
This book, apportioned in sixty-seven chapters, deals with many aspects of Tawhid, all of them essential learning for any Muslim. Its focal topic revolves around issues of ulùhiyyah, divinity and `ibadah, worship, with some chapters dealing with al-Asmm wa’l-Sifat, the Names and Attributes of Allah. Its simple language, well-ordered structure, and heavy reliance on Qur’anic verses and Hadith of the Prophet (saw) lends it to easy reading and its importance cannot be underestimated.
Kitab al-Tawhid is a landmark work analysing orthodox Islamic monotheism. Since it was authored it has received a great deal of attention, a large number of commentaries and has been translated into over twenty languages. Relevant as it was then, it remains relevant today and Muslims are in dire need of reading it, studying it and teaching it.
Unfortunately, despite previous laudable efforts, a translation does not yet exist in English that truly reflects the importance of this work. It gives Dar us-Sunnah great pleasure to present this work to the reader in the hope that it fills this gap
• An accurate translation in easy to read modern English
• Annotations taken from 15 major commentaries
• All major criticisms against the book by its antagonists addressed
• All Hadiths and narrations critically analysed and referenced
• This work also includes the authors ‘Letters on Tawhid and Eassay on the meaning of the Kalimah’
• Overview of the style and structure of the book
• Biography of the author analysing his life, creed and works
• The Arabic text of the whole book included
• 420 Revision Questions
• Indexes of verses, Hadiths and narrations
• This is an ideal text book for every Muslim on this very important topic
[AC] Kitab Alruh 2 Vol / كتاب الروح 2 مجلد
كتاب يطرح فيه المؤلف مسألة الروح لم ترد في غيره من كتب السلف، فيه معلومات معرفية عن النفس والروح والفرق بينهما، وعلاقة الروح بالجسد، ومصيرها بعد الموت. وذلك استنادا إلى الكتاب والسنة مؤيدا بالحجة والبرهان النقليين والعقليين والمنطقيين
The First Caliph of Islam: Abu Bakr As-Siddeeq (P/B)
Most people have a best friend who they favour amongst all of the people. The best friend of Prophet Muhammad was Abu Bakr As-Siddiq (R). He was the only person, other than the Prophet’s own wife, who accepted Islam immediately and believed in Muhammad (S) from the first movement that he announced his Prophethood. Abu Bakr (R) always remained at the Prophet’s side and he had no reservations about spending his wealth for the sake of Islam and the Muslims. The Prophet’s Companions all recognized his superiority, yet he always remained humble and sincere towards all. This is the story of Abu Bakr (R) and his rise to leadership of the Muslim Ummah.
Ibn Majid – The Master Navigator (The Muslim Scientists Series)
The Muslim Scientists series introduces children to great scientist, scholars & adventurers from the Golden Age of Islam.
When Ibn Majid created the compass, he was wanted by all the great explorers of that time, he became known as “The Master Navigator”
Full Colour
24 pages
EVERY HOME & SCHOOL LIBRARY MUST HAVE THIS SERIES AS PART OF THEIR ISLAMIC COLLECTION
Nahu Mudah Edisi Kemaskini
Kelebihan
- Padat, Mudah dan Sesuai untuk “Beginners”.
- Dapat menguasai Bahasa Arab dengan mudah dan pantas.
[CB]I Say Bismillah
Muslims should say Bismillah many times in a day. “Bismillah” means in the name of God in Arabic.
Nabil and Noura’s mum has just made some cupcakes. Will they remember to say Bismillah, or will the temptation be too much?
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”.
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.



































































There are no reviews yet.