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…
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.
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.
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.
Related 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.
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.
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.
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.
Management of Halal Food Quality
Management of Islamic-based development is a new mechanism in quality management including halal food quality. Considering the issue of integrity in halal food-quality management, efforts to empower the economy of the country through halal food are faced with obstacles and constraints. This book highlights issues commonly found in the management field. This is seen important as those in the management of halal food quality are sometimes trapped in issues that can tarnish Islam. The production of foods that are not pure in nature (halal status not genuine) can also have a negative effect on the morals and souls of Muslims.
Public Policy: Beyond Traditional Jurisprudence A Maqasid Approach (IIIT)
This work charts new territory in Islamic scholarship by attempting to address the field of public policy from a maqasid (higher objectives of the Shariah) perspective. Public Policy is an independent discipline from both law and politics. Thus, Public Policy in Islam is introduced here as a qualitatively different enterprise from both fiqh (Islamic jurisprudence) and siyasah shar’iyyah (Shariah-oriented politics). The book deals with a number of critical topics that include methodology, governance, human rights, ethics, political power, and reform and renewal. It highlights how the maqasid approach is indispensable to the theory and practice of public policy in Islam, how it could resolve some of the most persistent governance dilemmas throughout Muslim history, but more significantly, how it forces a re-conceptualization of the wealth of knowledge available in Islam s primary sources to introduce Public Policy in Islam to mainstream policy studies.
Your Money Matters (H/B)
This book highlights issues that are important and relevant to Muslims when they engage in tasks related to personal finances, business administration, investment, and work. Readers will find an overview of relevant excerpts from the Qur’an and the authentic Sunnah. Non-Muslims as well can gain valuable insights from this book that should prove useful in today’s multi-cultural business landscapes.
Recently Viewed
A Textbook Of Hadith Studies (P/B)
Mohammad Hashim Kamali, born in Afghanistan in 1944, was a professor of Islamic Law and Jurisprudence at the International Islamic University in Malaysia, and dean of the International Institute of Islamic Thought and Civilization (ISTAC) from 1985 2007. He is currently chairman and CEO of the International Institute of Advanced Islamic Studies, Malaysia. He is also on the international advisory boards of eleven academic journals published in Malaysia, the United States, Canada, Kuwait, India, Australia, and Pakistan. Professor Kamali has addressed over 120 national and international conferences, and has published sixteen books and over 110 academic articles. His books include The Principles of Islamic Jurisprudence, Freedom of Expression in Islam, and Islamic Commercial Law: An Analysis of Futures and Options. “
Al-Adab Al-Mufrad (DCB)
Al-Adab Al-Mufrad
When Muslim Teens Rebel (Causes & Solutions)
The objective of the book is to help parents save their teens from the negative impact of popular teen culture and succeed in raising them as strong, confident personalities who can contribute positively to their community and to the North American society at large. The book starts by explaining what is meant by rebellion, and discussing if it is inevitable in the life of a Muslim Teen. It then covers three basic ideas. The first idea deals with the causes of teen rebellion in general and additional factors that contribute to Muslim teen rebellion in particular. The second main idea covers the signs of this rebellion and how it manifests itself in the behaviour of our teens. The third and most important part of the book deals with a comprehensive solution consisting of three components, the most significant of which is the Prophet s SAAW example in dealing with youth, then the role that parents can play complemented with the community s involvement. The proposed comprehensive solution cited in this book will be of great benefit to various communities in general and to Muslim teens and youth in particular.
[HH] Sahih al-Bukhari / صحيح البخاري
يعد هذا الكتاب من أشهر كتب الإمام البخاري رحمه الله ، بل هو من أشهر كتب الإسلام ، وأوسعها انتشاراً في العالم ، فقل لا يخلو بيت مسلم من هذا الكتاب ، وهو من أنفس الكتب الجامعة للترغيب والترهيب ، ولسائر أنواع آداب الإسلام والمسلمين ، اذ جمع ما يحتاج اليه في سائر الأحوال ، واشتمل على ما ينبغي التخلق به من الأخلاق ، وما ينبغي التمسك به من الأقوال والأفعال فكان بحق رياضاً للصالحين
Hello, Little Muslim!
A high contrast book that is best for your baby. Babies positively respond to high contrasting colors and it improves brain growth and visual development.
[SB] Ar-Raheeq Al Makhtum (Arabic Only – Large) الرحيق المختوم
Ar-Raheeq AI-Makhturn is a book of great value and praiseworthy work on the Seerah of our beloved Prophet Muhammad. This book has been written by the Eminent Shaikh Safiur-Rahman Mubarakpuri of Jamiah Salafiyah, Banaras (India). The first Islamic Conference on Seerah (biography of the Prophet) was held in 1976 in Pakistan sponsored by the Muslim World League. The League announced a world contest for writing a book on the life of the Prophet.
One hundred and seventy-one manuscripts were received from all over the world. Out of these, eighty-five were in the Arabic Language, sixty-four in Urdu, twenty-one were in English and one in French and Hausa.
A board of highly qualified scholars judged the manuscripts and announced the results. The manuscript of Shaikh Safiur-Rahman Mubarakpuri, Jamiah Salafiyah Banaras (India), author of the book in hand received first the grand prize for its authentic and sound collections of the narrations. Dr. Majid Ali Khan, New Delhi, India, placed second. The third prize went to Dr. Naseer Ahmed, Islamic University, Lahore, Pakistan. The fourth prize was awarded to Mr. Harnid Mahmud of Egypt. The fifth and final prize was awarded to Abdus-Salam Hashim of Madinah Munawwarah.
A complete authoritative book on the life of Prophet Muhammad (S) by Sheikh Safi-ur-Rahman al-Mubarkpuri. It was honored by the World Muslim League as first prize winner book. Whoever wants to know the whole life style of the Prophet in detail must read this book.
Muhammad (S) is the Messenger of Allah, and those who are with him, are severe against the disbelievers, and merciful among themselves. You see them bowing and falling down prostrate (in prayer), seeking bounty from Allah and (His) Good Pleasure. The mark of them (i.e. of their Faith) is on their faces (fore heads) from the traces of prostration (during prayers). This is their description in the Taurah (Torah). But their description in the Injeel (Gospel) is like a (sown) seed which sends forth its shoot, then makes it strong, and becomes thick and it stands straight on its stem, delighting the sowers, that He may enrage the disbelievers with them. Allah has promised those among them who believe and do righteous good deeds, forgiveness and a mighty reward (Paradise). (Al-Fath: 29)
The Prophet Muhammad (S) said: ‘The example of guidance and knowledge with which Allah has sent me is like abundant rain falling on the earth. Some of which was fertile soil that absorbed rain-water and brought forth vegetation and grass in abundance. (And) another portion of it was hard and held the rain-water and Allah benefited the people with it and they utilized it for drinking (making their animals drink from it) and to irrigate the land for cultivation. (And) a portion of it was barren which could neither hold the water nor bring forth vegetation (then that land gave no benefits). The first is the example of the person who comprehends Allah’s Religion (Islam) and gets benefit (from the knowledge) which Allah (Azawajal) has revealed through me (the Prophet) and learns and then teaches it to others. The (last example is that of a) person who does not care for it and does not take Allah’s Guidance revealed through me (he is like that barren land).’ (Al-Mukarramah)
Someone asked ‘Aishah (R) about the noble character and manners of the Prophet (S). She answered: ‘Have you not read the Qur’an? His character is a complete explanation of the Qur’an.’
It means that whatever is commanded and prohibited in the Qur’an, its practical example is present in the manners of Muhammad In other words, the ideal and perfect example of good manners and character which the Qur’an demands from mankind, was present in the person of Muhammad in its highest degree.
Scholars of Ahadith (traditions) and writers of the biography of Muhammad , the Messenger of Allah, have explored his life from every angle and aspect from birth to death. Every event, every incident of his life has been described and narrated, but none had claimed that he has given his life’s recording its full rights. Hundreds of books have been written on the life of Muhammad and this endeavor will continue till the Day of Resurrection.
The Clash of Civilizations an Islamic View (P/B)
In a time when Muslims in the West live in an environment of turmoil and difficulty facing new challenges daily, they encounter a cultural dilemma, a clash of the Islamic and Western civilisations. Therefore, it is of the utmost importance to know the foundations of these cultures, the differences between them as well as understanding islam correctly taken from its pure sources. In this book, the author highlights these aspects of the two cultures whilst also giving a detailed explanation of the core beliefs of Islam.
Oud Al Mashaheer
High-quality bukhoor burn Incense gives a fresh scent for your HOME, SHOP, or OFFICE.
My First Book About Hajj (KUBE)
This simple but beautiful book gives children a glimpse into the greatest journey Muslims hope and dream to make at least once in their lifetime . It introduces the concept of Hajj as one of the five pillars of Islam and outlines the steps involved when performing this Islamic ritual . It aims to educate and instil a love for Islam’s holiest sites as well as a desire to want to visit them from a young age . It is a book to be treasured by children, with large, colourful illustrations and carefully written text that children will understand and enjoy .
Recommended for ages 2+
(E-Book) Rekindle Your Life (Revised)
Rekindle Your Life centres upon encouragement towards good deeds and noble characters, abstinence from sins by giving reminders in a very beautiful way about Paradise and its delight, the reality of death, turning to Allah in repentance and enlightening faith through inspired, true and wonderful stories from various aspects of life past and present.
10 Week-by-Week Arabic Sight Words
An easy system for teaching the most common 100 Quranic Words.
The ultimate 10 Week by Week Arabic Sight Words Workbook. WIth activity pages that help kids recognize, write, and really LEARN the Top 100 Quranic high-frequency words. Which are key to reading success. Watch confidence soar as children master 100 sight words the most commonly encountered words in the Quran and Arabic language. Children read more fluently, write with greater ease, and spell more accurately when they know these high-frequency words!
What Every Christian Should Know About Islam (P/B)
Of the many books explaining Islam, few specifically address the concerns and questions of those from a Christian background. Moreover, the commonalities between the Abrahamic faiths—Judaism, Christianity, and Islam—are too often ignored. Set out in an easy and informative question-and-answer format, the book addresses the specific theological points of agreement and difference between Christianity and Islam, explains the core religious beliefs and practices of Islam, and answers today’s most common questions of Islam and Muslims in an age when there is much conflict and misunderstanding. Islam is best judged not by the limitations and transgressions of its most extreme, ignorant, and outlandish followers, but by the example of its moderate majority, and Ruqaiyyah Waris Maqsood presents this introduction to the theology and practice of Islam in an attempt to explore some of the false impressions that surround it.
Table of Contents:
Section 1: The Religious Beliefs of Islam Explained
Section 2: the Religious Duties of Islam Explained
Section 3: Miscellaneous Questions
Section 4: Christianity and Islam
Ruqaiyyah Waris Maqsood gained an honors degree in Christian Theology from the University of Hull in 1963 and then taught religious studies at various state schools until her retirement in 1996. She converted to Islam in 1986 and now lectures and writes on Islam.
Malcolm X: The Struggle For Human Rights
One of the twentieth century’s most influential Muslims, Malcolm X – El-Hajj Malik Al-Shabazz – led a dynamic life and passed through many phases of thought. But one aspect of his thought remained constant – to never remain silent in the face of oppression.
In Malcolm X: The Struggle for Human Rights, Recep Şentürk offers more than a biography of a beloved figure in American history: he explores the concept of universal human rights in Islam using the life of Malcolm X as an example of a human rights struggle.
Engaging and innovative, the book is divided into three sections, dealing with Malcolm X’s life, beliefs and struggle in turn. In the first part, we learn about his early years, his time in prison and his hajj. In a section on his evolving faith, we learn about his youth as a Christian, his time with the Nation of Islam and his discovery of mainstream Islam. In the final section, Şentürk offers a new perspective: how we can relate slavery, abolition, civil rights and voting rights to Malcolm X’s struggle
Arabic Verbs: Fully Conjugated All Forms Bilingual Edition
This update, easy-to-use reference book gives you:
- The 501 most common Arabic verbs in a table format
- Both the Arabic characters and their English infinitive form at the top of each page
- Exemplary essay that discusses Arabic verb formation and usage
- Common idioms with example sentences to demonstrate verb usage
- A grammar review and a pattern index
- Indexes that list verbs in both root order and strict alphabetical order
[AR] Kayfa Tutkinun Sorfa (كيف تتقن الصرف التَّطبِيقُ مِنَ الْقُرْآنِ الْكَرِيمِ وَالسُّنَّةِ النَّبَوِيَّةِ)
كيف تتقن الصرف
التَّطبِيقُ مِنَ الْقُرْآنِ الْكَرِيمِ وَالسُّنَّةِ النَّبَوِيَّةِ
—-
اسم المؤلف : احمد اسكندر







































































There are no reviews yet.