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…
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.
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.
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.
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.
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.
A Mini Guide to Accounting for Islamic Financial Products – A Primer (Pocket size) (P/B)
This “A Mini Guide to Accounting for Islamic Financial Products” starts with the development of Islamic finance as well as accounting standards and development of AAOIFI which aims to develop standards on accounting, auditing, ethics and governance and disseminate them on the target market.
The guide also highlights selected accounting issues addressed by AAOIFI : substance over form, prudence, mudarabah investment accounts and asset valuation. This is followed by how information of financial statement of an Islamic bank helps its major users, like equity holders, holders of investment accounts, regulatory agencies and others.
The guide also points out the main differences in the presentation of financial statements of Islamic Financial Institutions. Among them are: how assets are defined and inclusion of equity of unrestricted investment account holders. The differences arise as a result of utilizing a Shari’ah compliant contract to bring into effect a particular product.
The last section discusses some of the more popular contracts such as murabahah, istisna’, ijarah, mudarabah and musharakah. A few case studies are also incorporated for different contracts to give more understanding on the topic to the readers.
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.
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.
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.
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.
The Book Of Revenue
Kitab al-Amwal (The Book of Revenue) is the work of a brilliant legal mind. Abu Ubayd al-Qasim ibn Sallam provides us with an accurate record of legal precedents laid down in the first two centuries of Islam, in particular those pertaining to the sources of revenue and the avenues of public expenditure. The power of the book, however, lies in the method of the author and the analysis undertaken by him. He gathers together the traditions of the Prophet (pbuh), the opinions of his companions, and the views of eminent jurists, and then subjects them to legal analysis that is unparalleled in Islamic legal literature. The book is essential for every student of Islamic law, especially those who wish to master the art of interpreting and analyzing legal traditions and early precedents. In the discipline known as fiqh al-sunnah, there is no book or manual that can compete with this outstanding work.
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 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.
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.
Recently Viewed
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.
(E-Book) A Gift for a Muslim Bride
This book, truthfully, is an ideal gift to Muslim sisters (brides) and women in general, as it mainly deals with the concerned affairs of the marital life according to the Qur’an and Sunnah; touching upon topics like the excellence of a righteous wife, her attributes and duties to her husband.
It also contains stories of exemplary women, advices and other preciuos parting advices as a light of guidance. By practicing them, a home can become a garden of Jannah (Paradise).
This edition in hand has been improved and revised, with authenticated sayings and references for readers to gain beneficial insight into maintaining a beautiful marital life.
My Prophet Muhammad My Hero
My Prophet Muhammad book tells the timeless story of the final Messenger of Allah, Muhammad. Designed for young readers, this rendering of the Seerah serves as an ideal first acquaintance with the miraculous life of Allah’s finest creation. With its vivid illustrations and tailored authorship, this book is designed to increase your child’s knowledge, appreciation, and love for the Prophet Muhammad SAW.
Suitable for 5+ years old
The Greatest Invocation for Forgiveness (Dar-as-Sunnah)
Allah the Most High, Said, “Every soul will taste death…” [ Al-Anbiya (21): 35] The inevitable reality of death is greater than life itself, for life is something uncertain – one may plan for the future, yet know not whether he will live long enough in order to achieve his hopes and ambitions – for the arrival of the Angel of Death may precede those very hopes. The prudent one understands this great reality and prepares for its eventuality.
Untold number of humanity has passed through the stages of death, and current generations will be replaced by future generations. “The best of believers are those with best manners. And the smartest are those who remember death often, and the astute are those who readily prepare it. Those are the smartest.” [Silsilat as-Sahihah, 1384] Some of the scholars used to say, “Those who often remember death, Allah honours them with three: Their repentance is expedited; Their heart is given satisfaction and; Their worship is energised. And those who forget remembering death are afflicted with three: Their repentance is postponed; Their contentment is stripped and; Their worship is neglected. Therefore one of the finest aids in remembering and preparing for death is seeking forgiveness for one’s sins and shortcomings. Allah The Most High Said, “Say, ‘O My servants who have transgressed against themselves, do not despair of the Mercy of Allah. Indeed, Allah forgives all sins. Indeed, it is He who is the Forgiving, the Merciful.'” [Al-Zumar (39): 53] In the noble Prophetic guidance, the Messenger of Allah (saw) said the leading du’a (invocation) by which forgiveness should be sought is called ‘Sayyid Al-Istighfār’.
It is composed of special words with profound meanings, which the Prophet keenly taught his ‘Ummah. He (saw) said, ‘Whoever reads it during the day with firm faith in it and dies on the same day before the evening, he will be from the people of Paradise. And whoever reads it at night with firm faith in it and dies before the morning, he will be from the people of Paradise.” [Al-Bukhari, 6306] Before you dear reader is a small contemporary work explaining the immense benefits of ‘Sayyid Al-Istighfar’. It should be memorised by every Muslim and its meanings understood and internalised for heightened impact and gain.
The author (may Allah bless him) breaks down the du’a, elucidating its beautiful composition correctly, and explaining the meaning of repentance, its importance and Allah’s Love for those who turn to Him in true repentance. Beseeching Allah for forgiveness is amongst the greatest means in getting close to Him and attaining His Pleasure in this world and the Hereafter.
Zainab: Daughter of the Prophet
“Zainab (ra), the eldest daughter of Prophet Muhammad saw and Khadija (ra) was born about five years after their marriage…”
From Monogamy to Polygamy : A Way Through (H/B)
From Monogamy to Polygyny: A Way Through addresses the deep and complex issues and concerns the Muslim women worldwide have with polygyny. The insight offered by this book is new, unique, and encouraging. Practical advice is brought forth to aid in moving past the negative feelings that are commonly associated with polygyny, ultimately helping the Muslim woman progress to a higher level of Iman, In sha Allah. Rich with understanding, comfort, advice, motivation, clarity, examples, experiences, and answers; a way through is paved for the Muslim woman, making polygyny easier, or at the very least more endurable. Although this book is geared mainly towards women, its vast content can give men insight into the emotional affects of polygyny on women, which they can use to make sound and wise decisions. Overall, this is a valuable resource for both Muslim men and Muslim women considering, dealing with, questioning, and pondering polygyny.
Hajj & Umrah (Pocket Guide) – English Version
A useful pocket guide that includes the rites of Umrah,Hajj, and visiting Madinah.
British Secularism and Religion (P/B)
This interesting, topical and sometimes heated, conversation among theologians, social scientists and policy experts on British secularism helps to shed vital light on the challenges of accommodating religious minorities and majorities within modern societies. The contributors question a number of received assumptions about the public role of religion, and also challenge traditional Muslim suspicions of secularism, thus succeeding in moving the debate on Islam in Britain, and secular polities in general, to new and very promising ground. This is a vital contribution to ongoing topical debates on secularism, pluralism, inclusion and the direction modern societies should take. Dr. Abdelwahab El-Affendi, University of Westminster Religious voices in favour of secularism are often absent from the debate on religion and politics. But as a political attitude that will guarantee freedom of belief for all, secularism is relevant to all. This volume – though non-religious secularists may find much to challenge within it – is a welcome contribution to this most important of modern debates. Andrew Copson Chief Executive, British Humanist Association –Commissioned
This volume on the role of Muslims in British society very helpfully addresses two concepts about which there is currently much confusion, namely secularism and secularity. The fact that it does this in conversation with some of the other interested parties, namely Jews and Christians, and that it seeks to combine specifically religious, or theological, and political, or social-scientific, approaches, means that it will be of interest to both theoreticians in the academy and practitioners in different areas of society, and it therefore deserves a wide readership. Professor Hugh Goddard, Director of the HRH Prince Alwaleed bin Talal Centre for the Study of Islam in the Contemporary World, University of Edinburgh –Commissioned
The question of the relationship between politics and religion tends to generate more heat than light, especially when the focus is on Islam. This book, with its careful analysis and respect for facts, helps dispel the smoke. It is an invaluable contribution to the public debate, especially in the British context, and will assist people of good will – of all faiths and none – to clarify their own thoughts about ‘the secular state’. Dr. Brian Klug Senior Research Fellow & Tutor in Philosophy, St. Benet’s Hall, Oxford –Commissioned
[AUH] Mustalah Al-Hadith / مصطلح الحديث
"مصطلح الحديث" كتابٌ للعلامة الشيخ محمد بن صالح العثيمين، يتناول فيه علم الحديث بالتفصيل، ويتناول مصطلحاته وتصنيفاته، وأنواع رواة الحديث وسيرهم، وأصول التحقق من صحة الحديث.
The Iqra’ Series Rules Guide
- This guide is a must for anyone studying or teaching from the IQRA’ Series! Aimed at children and adults to be used by schools, mosques and learning centres.
- This guide contains all the Tajwīd rules needed throughout the IQRA’ series. It introduces each rule based on the same structure and patterns of the IQRA’ Series.
- This guide has been designed to make it as easy as possible to achieve a beautiful and elegant recitation, whilst also having a firm grasp of all the required theory.
(FREE-eBook) Shi’ism Exposed
(E-Book) This Is Love
You need to register an account when purchase ESPECIALLY E-Books from dakwahcornerbookstore.com
This will enable you to keep track your links and Password for Ebook, whenever you log in to your account. We will keep your personal information private and ensure it is safe.
You can either register for an account before or upon checking out your order.
Muslim Unification at Time of Crisis
This book authored by one of the great scholars of our time is an advice to the people of Ahulul ?Sunnah wal-Jamaah to unify and be merciful to each other, and cooperate upon righteousness and taqwa.


































































There are no reviews yet.