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.
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 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.
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.
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.
Related 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.
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.
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 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.
Contemporary Issues In Islamic Communication
The book contains a collection of essays on issues that are of concern to Muslim media and scholars and practitioners. The issues are those that are constantly highlighted in the mass media in the Muslim world. All the issues are discussed from the Islamic perspective. The main purpose of the book is to give readers a clear understanding of how Muslims view contemporary issues that are reported and discussed in present day mass media. The book is written for students majoring in communication at the International Islamic University Malaysia. It is also useful for students taking courses on communication issues in other universities.
114 Tips to Help You Finally Memorize The Qur’an (P/B)
“114 Tips to Help You Finally Memorize the Qur’an is a concise book that aims to equip readers of all backgrounds with the information and techniques necessary in order to begin, continue with, and complete the memorization of the Qur’an, eliminating thereby the common excuse and reasons for not memorizing.”
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.
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
A Commentary On Kitab At-Tawheed
This is a commentary on the book of Shaikh Muhammed ibn Abdul Wahhab’s Kitab At-Tawheed (The Book of Tawheed). Kitab At-Tawheed is an excellent and comprehensive book. It illuminates to the reader the light of tawheed the Oneness of Allah tawheed, the very foundation of this deen, the single most important concept and the purpose behind our creation.
The Precious Pearls (H/B)
Strong Muslims are capable of malting a choice of personality to mimic and remain steadfast on it, while the weak and ignorant are prone to get mislead. So, more than ever, it is incumbent upon us to talk to our youth, and even we adults should reflect on the greatness of our great Muslim heroes from our Islamic past, who built the most glorious and powerful civilization of all, who took a crass society of measly people and gave them Islam that dramatically improved their lives. Darussalam is presenting this book to our youth hoping that they will find in it great examples, persons and models to follow and develop their own personalities accordingly.
[AEF] Al-Nuqud al-Raqmiyyah / النقود الرقمية دراسة فقهية
النقود الرقمية دراسة فقهية
دراسة النقود الرقمية من منظور فقهي تتطلب التمييز بين أنواعها المختلفة، حيث يختلف الحكم الشرعي باختلاف الجهة المصدرة ومدى خضوعها للرقابة القانونية والمالية
(FREE-eBook) Shi’ism Exposed
Human Right in Islam – DCB
This work argues that contemporary human rights schemes, especially the extreme and vocal branches, offer no convincing reasons for a Muslim to give up tenets of his faith to bend them to meet their demands. On the contrary, these schemes’ baseless claims should strengthen a Muslim’s conviction in Islam. Human Rights Advocates have a noble goal of bringing people the rights they deserve, but they are lost and confused, lacking a foundation for their claims. After examining the human rights paradigm, a Muslim should flee quickly and return to Allah, realizing that without the guidance of the Almighty, there is no hope for humanity.
Means of Steadfastness in Islam
Steadfastness and patient perseverance in Allah’s religion is a basic requirement that should be met by every sincere Muslim who wants to stick to the Straight Path with understanding and determination. Muslims today face many temptations and distractions. Those who consciously seek the means of steadfastness will succeed and those who are negligent will, sadly, suffer the doubts and confusion which are more severe now than ever before. Happy are those who seek the way out and join the righteous, dedicated Muslims, and who spare no effort to learn their religion and remain steadfast. This valuable book
deals with all these issues and points out the means of steadfastness that every Muslim should learn and practice. The author also discusses common worldly distractions and explains how to deal with them.
The Right to Education, Work and Welfare in Islam (P/B)
In The Right to Education, Work and Welfare in Islam Professor M.H. Kamali develops an Islamic perspective on three connected and complementary areas of rights and liberties. He urges that education is often a necessary ingredient of professional work even more so now than in earlier times when the range and variety of specialised knowledge were relatively limited. A person who acquires education, whether generally or at advanced levels of specialisation, is more likely to stand in a better position to enter the workforce and thus to contribute to the welfare of the community.
The author commences his discussions on education, work and welfare in Islam by focusing on how each is treated in the Qur’an; and follows this by the example of the Prophet and, after him, the Pious Caliphs who gave prominence to the education and welfare needs of people at times both of scarcity and affluence. Professor Kamali then moves forward to our time and discusses the right to education, the education of children, institutionalisation of learning, academic freedom and the debate between science and religion.
The section on work elaborates on the value of work, work ethics, workers’ and employers’ rights and responsibilities, and the role and responsibility of governments.
Finally, the section on welfare focuses on the importance in Islam of caring for those who are in need and the different forms of provision that can be made available by individuals, the state and charities.
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
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.
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.
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.
Madinah Arabic Reader (Book 6)
Professor Abdur Rahim, Director of the Translation Centre of the King Fahd Quran Printing Complex and former Professor of Arabic at the Islamic University of Madinah, Saudi Arabia, has authored texts designed to impart a knowledge of classical Arabic through applied grammar. Each lesson, based on a conversation, illustrates distinctive language patterns. These patterns are elucidated by a variety of helpful exercises. The vocabulary ranges from classical and Quranic Arabic to modern Arabic. This series of books is currently being utilized at various schools to prepare students for the University of London (UK) GCE O-Level and A-Level examinations.
Eid and Ramadan Songs
Eid-ul-Fitr is always an occasion for great fun and celebration. After a month-long Ramadan, everybody looks forward to a great Eid. Eid-ul-Fitr also calls for thanking Allah for His blessings, helping the poor and the needy around us and sharing our love and happiness with each other.
Communicating With Allah : Rediscovering Prayer P/B
Learn to let go of your worldly worries during your prayers (salah) and be more mindful before God.
Bassam Saeh
In a modern world of constant distraction, how are we to achieve the communion with the Divine that prayer is supposed to be? Rediscover prayer, with this book filled with short reminders containing practical examples to help readers attain a deeper sense of devotion to Allah
































































There are no reviews yet.