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 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 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.
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.
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 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 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 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.
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.
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.
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.
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.”
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.
Banking: The Root Cause Of The Injustices Of Our Time (Revised Ed.)
The original 1987 Norwich seminar Usury: The Root Cause of the Injustices of Our Time, whose proceedings form the core of this work, had an extraordinary effect.
After the endless analyses and altercations of left and right to which we were accustomed, here was an argument that went to the core of the matter in one bound, and yet did so with a degree of scholarship and indeed erudition that was not cavalier. The result was electric. It was also well before its time.
Riba: Usury or Interest
The Noble Qur’an states: {… Fear Allah, and give up what remains of your demand for usury/interest, if you are indeed believers. If you do not do so, then take notice of war from Allah and His Messenger.} (Qur’an 2: 278-279) Despite this obvious prohibition, the practice of ribâ (usury and interest) has polluted the global economy completely. This booklet explains the awful consequences of dealing in usury and interest in a summarized but convincing manner.
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.
Recently Viewed
Let’s Think About Allah’s Animal Planet
Let’s Think About… is a series that gets children thinking about the wonders of Allah’s creations.
Allah’s Animal Planet is full of amazing creatures. Each and every one of the them is made perfectly for their natural environment.
From the fish in the ocean, to the birds in the sky, from the elephant so large to the ant so small, the wonders of Allah’s Animal Planet are all around us.
So take a moment to think about all of Allah’s creatures, big and small, and think who could create such beautiful creatures ? only Allah.
Four new easy to read titles from Ali Gator with vibrant colours that will grab the attention of young inquisitive minds.
The notes to teachers and parents section provides a list of points to consider and questions to ask as you read along. This allows for the young readers to receive the maximum benefit from the books, whilst enjoying them.
Full Color
Winning the Heart of your Husband (P/B)
Table of Contents:
HOW TO WIN YOUR WIFE’S HEART ………………..5
INTRODUCTION …………………….5
HOW TO WIN YOUR WIFE’S HEART………………..6
TREATING WONAN WITH KINDNESS ………………..10
THE WIFE’S RIGHT ………………………………………12
RIGHTS COMMON TO HUSBAND AND WIFE …………15
THE CAUSES OF MARRIAGE PROBLEMS……………….16
THE EPIDEMIC OF SINS ……………………………………18
AN IMPORTANT FATWA …………………………………..20
THE EXUBERANT HUSBAND ………………………………22
IMPORATNT QUESTIONS …………………………………..23
A HUSBAND THREATENS WITH DIVORCE ………………27
A WIFE PLEADING WITH HER HUSBAND NOT TO TRAVEL………29
CONCLUSION………………………….32
A MESSAGE FROM THE PUBLISHER ……………..35
STORIES FROM THE PREDECESSORS ……………36
HOW THE COMPANIONS FEARED ALLAH………..50
EXHORTATION OF THE PREDECESSOR TO TAQWA………….58
THE QUALITIES OF THOSE WITH TAQWA………….61
ALI’S DESCRIPTION OF THOSE WITH TAQWA ……..61
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!
[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
Teaching Children Tawheed (P/B)
The noble Imam, Shaykh Muhammad bin ‘Abdul-Wahhab said:
“So this beneficial treatise is in regards to what is obligatory upon the human being to teach the children, before teaching them the Qur’an, so he becomes a person who is complete, upon the fitrah of Islam, and a good, firm muwwahid (person of Tawheed) upon the path of Eman (true, correct faith).”
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.
I Love Arabic: Alphabet
Arabic Alphabet, the first book in the I Love Arabic series, introduces young learners to the Arabic letters. This helpful and captivating book presents each letter with a delightful illustration, which ensures rapid and enjoyable learning. Arabic Alphabet is an exciting first book for young Arabic learners. Arabic Alphabet develops these skills: * Sequencing letters * Identifying letters.
The Four Imams
This book is a compilation of four books which deal with the lives and works of the four imams who founded the four great canonical schools of thought of Islamic fiqh; Imam Abu Hanifah, Imam al-Shafi’i, Imam Malik Ibn Anas & Imam Ahmad Ibn Hanbal. The book was originally written in Arabic by the great Egyptian scholar and theologian Muhammad Abu Zahra and is presented in English for the first time.
100 Ahadith about Islamic Manners
An extract of 100 Ahadith from famous collections of Ahadith (Sahih Al Bukhari, Sahih Muslim, At-Tirmidhi, Riyad-us-saliheen and others). The distinguishing feature of this book is the selection of its chapters that persuade the good morals and behaviour.
A moral and spiritual revolution begins to happen in the mind and conduct of the readers as their study progresses. We hope that this selection of Ahadith will initiate the readers to follow Islamic teachings throughout their life.
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.
30 Cara Untuk Memperoleh Kebahagiaan
Buku yang hebat ini adalah panduan bogi semua masyarakat Islam terutamanya dalam kehidupan seharian kita kerana ia menyajikan cara-cara menghadapi kitaran hidup seharian, menerima masa lalu dan bersiap menghadapi hari esok berdasarkan pengajaran Al-Quran & Sunnah.
Al-Adab Al-Mufrad (DCB)
Al-Adab Al-Mufrad






































































There are no reviews yet.