Islamic Banking In Practice Volume 3

Author by : Safdar Alam
Languange : en
Publisher by : Fidens Press
Format Available : PDF, ePub, Mobi
Total Read : 41
Total Download : 691
File Size : 53,7 Mb
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Description : This is how Islamic Banking really works Volume 3 of the Islamic Banking in Practice series covers the three main areas of Retail Banking, Risk Management and Structured Investments. Key products in all of these areas are discussed and explained in detail, covering the different types of contracts and structures used in the Islamic Banking and Finance sector. The journey in transforming classical contracts (such as Murabaha, Mudarabah, Wakala, Ijara and so on) into finished products that are executed, is a compelling one. This includes the transformation of inherent risks to suit the parties involved. This process of transformation highlights the perpetual conflict that exists within the industry – how to utilise classic contractual forms to deliver (overwhelmingly) products that are priced at interest.


Islamic Banking In Practice Volume 1

Author by : Safdar Alam
Languange : en
Publisher by : Unknown
Format Available : PDF, ePub, Mobi
Total Read : 48
Total Download : 387
File Size : 55,6 Mb
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Description : This is How Islamic Banking Really Works In a sector where publications focus on theory and are rarely written by experienced practitioners, the Islamic Banking in Practice series concentrates firmly on market practice. The evolution of principles into practice is explained clearly and concisely. How is a simple sale of metal used to deliver a total return swap? How is are commodities bought and sold in order to create an fx forward? How do Islamic banks hedge risk without the use of interest rate swaps? The reader is guided, step-by-step, as to how financial institutions create products, while ensuring compliance with Islamic commercial law. Written by a globally recognised practitioner, structuring and transactions are presented and explained in detail, covering Structuring Risk Pricing Documentation Execution The Islamic Banking in Practice series will cover the following areas: Volume 1 Liquidity, Risk Management and Structured Investments Volume 2 Sukuk (now also available as E-Book and paperback on Amazon) Volume 3 Retail Banking, Financing and Investments Volume 4 A detailed evaluation of the industry REVIEW "This is a book written by a practitioner in Islamic Finance, Safdar Alam, about what many would consider to be quite a dry topic, that of Islamic Banking. In fact, that is quite simply not the case. This is a book as the author describes it as "A download of what I have done and what I know.". From its very outset, this first volume, which tackles money market, FX and other market contracts, gives the view of a pioneer in the industry who was challenged with a blank sheet of paper and asked to create something from the ground up, without any guidance, without a frame of reference and the minimum of support infrastructure. The story that unfolds is very readable. The book captures the imagination vividly of what it was really like in this industry less than 20 years ago, when the pioneering spirit of a few created the global industry that we now see today. This is about as real as it gets because there is a very big difference between creating something yourself and replicating something that has already been created. The author, in both a logical and engaging fashion takes us through this journey and shares his insights "warts and all" of what it took to do the needful. I would consider this book as essential reading for practitioners, students, academics and anyone who shares an interest in finding out how something new is created from the ground up. I, for one, eagerly await the sequel in Volume 2 on Sukuk." By Daud Vicary Abdullah Managing Director of DVA Consulting and former President and CEO of INCEIF The Global University of Islamic Finance


Islamic Banking In Practice Volume 2

Author by : Safdar Alam
Languange : en
Publisher by : Fidens Press
Format Available : PDF, ePub, Mobi
Total Read : 67
Total Download : 927
File Size : 51,9 Mb
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Description : This is how Islamic Banking really works ​ In a sector where publications focus on theory, the Islamic Banking in Practice series concentrates solely on market practice. ​ The evolution of principles into practice is explained clearly and concisely. Sukuk ​ Sukuks, sometimes referred to as the Islamic version of bonds, are one the most visible products in islamic banking and finance, and with a global reach. ​ This volume will explain why Sukuks were created, and how they work. The different structures of Sukuk will be explained, and reinforced through detailed analysis of market transactions. ​ Areas covered include Issuance process Pricing Asset injection Risk management Shariah compliance Chapter headings include Common Sukuk structures Ijara, Musharakah, Mudarabah, Wakala, Murabaha Project finance Perpetual Equity linked / Exchangeable Hybrid Shariah compliance AAOIFI developments Credit rating Defaults The issue of a "True Sale"


Islamic Banking In Practice Volume 1

Author by : Safdar Alam
Languange : en
Publisher by : Fidens Press
Format Available : PDF, ePub, Mobi
Total Read : 10
Total Download : 301
File Size : 46,7 Mb
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Description : In a sector where publications focus on theory, the Islamic Banking in Practice series concentrates solely on market practice. ​ The evolution of principles into practice is explained clearly and concisely. How is a simple sale of metal used to deliver a total return swap? The reader is guided, step-by-step, as to how financial institutions create products, whilst ensuring compliance with Islamic commercial law. ​ Written by a globally recognised practitioner and expert, structuring and transactions are presented and explained in detail, covering: Structuring Risk Pricing Execution Chapters include: Money markets FX transactions Using options, forwards, and swaps Structured deposits Total return swaps


Islamic Banking In Practice Volume 2

Author by : Safdar Alam
Languange : en
Publisher by : Fidens Press
Format Available : PDF, ePub, Mobi
Total Read : 41
Total Download : 315
File Size : 43,8 Mb
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Description : This is How Islamic Banking Really Works Volume 2 of the "Islamic Banking in Practice" series covers the broad and subtle subject of Sukuk. In a sector where publications focus on theory and are rarely written by experienced practitioners, the "Islamic Banking in Practice" series concentrates firmly on market practice. Sukuks (sometimes referred to as Islamic versions of bonds) are one of the most visible products in Islamic banking, and their global reach has ensured a rapid growth in issuance. This volume will explain how Sukuks work and why they were created. The reader will be guided in how to structure a Sukuk product from first principles of Islamic commercial law. We will discover how a simple purchase of an asset can evolve into a complex structure to issue a $1bn Sukuk. Most of the different major types of Sukuk in issuance will also be described in detail, such as: Ijara Sukuk Mudarabah Sukuk Wakala Sukuk Musharakah Sukuk Hybrid Sukuk Perpetual Sukuk Project Finance / Istisna Sukuk Murabaha Sukuk Equity-linked or convertible or exchangeable Sukuk This will be reinforced through the presentation and detailed analysis of market transactions by examination of prospectuses that are publicly available. At all stages, the focus will be on the aspects of Sukuk that relate to compliance with the rules of Islamic banking. Areas covered include: the issuance process asset injection pricing and relation to underlying asset price how asset price risk is managed and mitigated Shariah compliance, and how the risk of non-compliance is managed Other relevant areas such as credit rating, defaults and the impact of introducing assets (including the controversial topic of a "true sale") will be covered. The key development in the markets as a consequence of AAOIFI rule changes are analysed. We will see a picture emerge of instruments, and markets, that behave in a manner far removed from the existential nature of the classic contracts that underpin the transactions. REVIEW OF VOLUME 1 "This is a book written by a practitioner in Islamic Finance, Safdar Alam, about what many would consider to be quite a dry topic, that of Islamic Banking. In fact, that is quite simply not the case. This is a book as the author describes it as "A download of what I have done and what I know." From its very outset, this first volume, which tackles money market, FX and other market contracts, gives the view of a pioneer in the industry who was challenged with a blank sheet of paper and asked to create something from the ground up, without any guidance, without a frame of reference and the minimum of support infrastructure. The story that unfolds is very readable. The book captures the imagination vividly of what it was really like in this industry less than 20 years ago, when the pioneering spirit of a few created the global industry that we now see today. This is about as real as it gets because there is a very big difference between creating something yourself and replicating something that has already been created. The author, in both a logical and engaging fashion takes us through this journey and shares his insights "warts and all" of what it took to do the needful. I would consider this book as essential reading for practitioners, students, academics and anyone who shares an interest in finding out how something new is created from the ground up. I, for one, eagerly await the sequel in Volume 2 on Sukuk." By Daud Vicary Abdullah Managing Director of DVA Consulting and former President and CEO of INCEIF The Global University of Islamic Finance


Finance Of International Trade In The Gulf

Author by : Ahmed Al-Suwaidi
Languange : en
Publisher by : BRILL
Format Available : PDF, ePub, Mobi
Total Read : 99
Total Download : 682
File Size : 48,8 Mb
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Description : This book analyses the legal structure and operation of the conventional and Islamic banking systems in the Gulf Arab states. It defines the legal issues involved and case law decided by the English, American and the Gulf Arab states courts in operating the two systems in financing the international trade transactions and covering the concurrent application, the advantages and disadvantages and the problems of each system. This book also gives a particular challenge to the fraud in international trade and considers the development of countertrade and electronic funds transfer as methods of financing some of the international business transactions. This book is very helpful for those who are dealing with the financing of the international trade, their professional advisors, staff of the conventional and Islamic banks and students who study law and commerce as part of their syllabuses of legal and international business studies. This book is also very essential reading for anyone who wants to succeed in the competitive conditions of modern banking business vis-a-vis the international trade in the Gulf Arab states. This book is also very helpful for the lawyer who is called upon to assist the businessman in his ventures or who wants to resolve a problem which has arisen in financing the international business transactions.


Theory And Practice Of Modern Islamic Finance

Author by : Abu Umar Faruq Ahmad
Languange : en
Publisher by : Universal-Publishers
Format Available : PDF, ePub, Mobi
Total Read : 93
Total Download : 315
File Size : 55,5 Mb
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Description : Theory and Practice of Modern Islamic Finance seeks to contribute to the existing body of work in the area of Islamic finance through examining the extent of divergence in practice of Islamic financing from the traditional Shari'ah in the Australian context. The author makes a discursive analysis of the regulation of Islamic finance in Australia in terms of (a) the financing instruments used, (b) certainty of transactions between participants in the system, and (c) institutional risk management of Islamic financial institutions. The work's objectives are two-fold: (a) to analytically study the extent to which Islamic Financial Services Providers (IFSPs) of Australia differ from the traditional Shari'ah in their current practices of Islamic legal financial system by their use of different financial products and techniques, and (b) to create awareness and transparency about the various products and instruments used by IFSPs of Australia. REVIEWS "It is indeed a most comprehensive, methodologically sound, well organised, lucid, comprehensively documented and analysed, and convincingly argued and concluded research. It systemically addressed all the research questions raised and very convincingly and successfully resolved them to logical conclusions. The study can convincingly claim to have made a breakthrough in the frontier of knowledge in the field of Islamic finance" Professor R. I. Molla, Multimedia University, Malaysia "Discussions of the topics throughout the book are logically coherent and presented in plain language. It is an insightful, well researched, logically organised and lucidly presented research work having overwhelming strengths and very limited weaknesses. I have no hesitation to say that this book may provide useful guidelines for dealing with the emerging issue of Islamic finance around the world.." Dr. S. M. Solaiman, The University of Wollongong, Australia "I have gone through for the most part of author s present work and found that it was excellent. I must congratulate him for preparing a research work of such standard. It was due to his extreme commitment, sense of professionalism, and perseverance." Professor A. B. Rafique Ahmad, Pro-VC, International Islamic University Chittagong, Bangladesh "I read this book on Islamic finance with lots of interest. It is one of the finest pieces of writing, in terms of content, eyes to detail, referencing and scholarly analysis. It is often a challenge to simplify such a complex subject without loosing the necessary details. There are very few Islamic books that introduce all jurisdictions. This book filled in this gap through making an unbiased objective reading. The book have covered very valid governance issues such as the conflict of interest of the regulators (Shari'ah Board), the products resembling conventional loans and the reluctance of sharing the full risk. While Islamic Institutions may shy away from the author, his talent will be highly sought in academia and research circles." Dr. Shahadat Chowdhury, School of Civil and Environmental Engineering, University of New South Wales, Sydney, Australia This book appears to be the only major research monograph on Islamic finance in Australia. The historical, rational and critical methodology of this book follows the scientific research methodology of the great twentieth century philosopher of science Karl Popper. The clarity and logical rigour resulting from this approach is one of the major strengths of this work. Chapters 1-3 and 5 are of excellent quality and reflect Dr Ahmad's authoritative knowledge in the field of Islamic law. Chapters 6-11 reflect not only Dr Ahmad's expertise in Islamic financial law, evident in previous chapters but also his extensive practical experience in his advisory and consultancy work. The book raises many questions for future research, including, how to resolve the perceived divergence of financial practice from Islamic law and the development of a fully satisfa


Developments In Islamic Banking

Author by : M. Khan
Languange : en
Publisher by : Springer
Format Available : PDF, ePub, Mobi
Total Read : 33
Total Download : 413
File Size : 52,6 Mb
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Description : This book explores the theoretical and practical features of Islamic banking. Using Pakistan as a detailed illustration, the text discusses recent developments and future prospects, demonstrating the model underpinning interest-free banking. It assesses the practical success of interest-free banking at both individual banks and state level.


Islamic Banks And Financial Institutions

Author by : Fayaz Ahmad Lone
Languange : en
Publisher by : Springer
Format Available : PDF, ePub, Mobi
Total Read : 79
Total Download : 155
File Size : 48,6 Mb
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Description : This book is a study of the objectives of Islamic Finance in the modern banking space and offers insight into the effects of changes and developments occurring in Islamic banking products and services.


Developments In Islamic Banking Practice

Author by : Abu Umar Faruq Ahmad
Languange : en
Publisher by : Universal-Publishers
Format Available : PDF, ePub, Mobi
Total Read : 96
Total Download : 506
File Size : 50,6 Mb
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Description : Developments in Islamic Banking Practice: The Experience of Bangladesh examines global developments in the Islamic banking practice, and provides an in-depth analysis of the theory and practice of Islamic banking in Bangladesh, the third-largest Muslim country in the world, with over 150 million Muslims. This book is the first of its kind to examine Islamic banking principles and practices in Bangladesh on such a broad scale. Learners, teachers, researchers, and those practically involved in the burgeoning financial industry will derive value from this book. Readers from all disciplines will become familiarized with the key differences between the principles and practices of two distinct banking systems: the interest-free Islamic banking and the interest-based conventional banking. With the inclusion of citations from authentic references, a well-defined methodology of research, relevant data, tables and figures, coupled with the extensive field work and experience of the author in this sector, this book will serve as a reliable resource to understanding Islamic banking and finance as they function in the general world of finance, and in particular, Bangladesh.


Islamic Banking In Practice

Author by : Safdar Alam
Languange : en
Publisher by : Unknown
Format Available : PDF, ePub, Mobi
Total Read : 15
Total Download : 339
File Size : 46,5 Mb
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Description : This is how Islamic banking really worksIn a sector where publications focus on theory (and are rarely written by experienced practitioners), the Islamic Banking in Practice series concentrates solely on market practice.The evolution of principles into practice is explained clearly and concisely. How is a simple sale of metal used to deliver a total return swap? The reader is guided, step-by-step, as to how financial institutions create products, while ensuring compliance with Islamic commercial law.Written by a globally recognized practitioner, structuring and transactions are presented and explained in detail, covering:* Structuring* Risk* Pricing* Documentation* ExecutionThe Islamic Banking in Practice series will cover the following areas:Volume 1 - Liquidity and risk managementVolume 2 - SukukVolume 3 - Retail banking, financing and investmentsVolume 4 - A detailed evaluation of the industry


Islamic Financial Contracts

Author by : Hussain Mohi-ud-Din Qadri
Languange : en
Publisher by : Routledge
Format Available : PDF, ePub, Mobi
Total Read : 97
Total Download : 511
File Size : 49,9 Mb
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Description : Islam encourages business and financial transactions as a way of securing the basic needs for all human beings, but these need to be conducted in accordance with the principles contained in the Qur’ān and Sunnah. However, these legal concepts are not classified subject-wise, and the verses on commercial law, like all other topics, are scattered throughout the Qur’ān, making it difficult for readers to gain a full understanding of the topic. This, therefore, is the first comprehensive book to demystify Islamic Contract Law and specifically Islamic Financial Contracts, and to examine its roots and history. The book is written in a clear style to allow for a greater understanding of the more challenging and misunderstood areas pertaining to Islamic business and financial contracts. It also contributes a series of chapters which address the market niche and need, concerning Shariah compliance for Islamic financial products and services. The book is divided into 16 chapters in order to provide a holistic and thorough overview of Islamic law of contract. It covers the objections and misconceptions surrounding Islamic business and financial contracts. It also includes the key features and guiding principles of Islamic law of contract and offers technical know-how, illustrating the concept of formation of a contract, as well as the essential elements of a valid contract. The authors also offer a discussion on the system of options under Islamic business and financial contracts and potential solutions to breach of contracts. The book will serve as a handy reference for scholars and students of Islamic business and finance and Islamic commercial law and will also be beneficial for practitioners as well as legal and judicial officers. It will open new doors for further research in the field of Islamic Financial Contracts.


East Asian Economic Issues

Author by : Jon D Kendall
Languange : en
Publisher by : World Scientific
Format Available : PDF, ePub, Mobi
Total Read : 58
Total Download : 176
File Size : 41,9 Mb
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Description : This book is a compilation of papers written jointly by the staff and students of the Applied Economics Division of the Nanyang Business School. It is unique, in that all the works included are the result of an extensive, equal and mutually beneficial collaboration between the students and staff. At the same time, they embody the highest level of technical and analytical rigor, and will be immensely relevant and useful to readers interested in East Asian economic issues. In particular, this volume will prove valuable for anyone interested in both the microeconomic and macroeconomic developments affecting Singapore and ASEAN. Contents:Singaporean Microeconomic Issues:The Price Structure of Private Property in Singapore: A Hedonic Approach (Yong Cao & M O Chee)Relation Between Peformance and Fringe Benefits in the Banking Sector (J Chow & R Chew)Forecasting Singapore's Share of Japanese Tourist Arrivals in ASEAN (C Sakellariou & H C Goh)Singaporean Macroeconomic Issues:Effects of Inward Foreign Direct Investment on the Singapore Economy (B H Chan & S Rahman)Singapore's Industrial Restructuring and Evolution (Y Cao & S Y Foo)Portfolio Balance Approach to Exchange Rate Determination in Singapore (T S Foo & S Rahman)ASEAN and East Asian Economic Issues:Finance and Growth in ASEAN (B K Lee & P C Chua)An Econometric Model of China's Sichuan Province (D C B Lau & K Chen)Analysis of the Thailand Baht: Trends and Prospects (H W Lau & J D Kendall)Global and Theoretical Economic Issues:An Analysis of Competitiveness and Education (B Goh & H Yao)Empirical Evidence on Islamic Banking: Iran, Pakistan and Sudan (W N Mong & R C Maysami)Performance of Johansen's Test for Cointegration (C W Poh & R Tan)and other papers Readership: Analysts and researchers in banks, securities houses, associations, MNCs, ministries, statutory boards, and departments of economics in universities. keywords:


Information Sources On Islamic Banking And Economics

Author by : S Ali Nazim
Languange : en
Publisher by : Routledge
Format Available : PDF, ePub, Mobi
Total Read : 57
Total Download : 415
File Size : 55,6 Mb
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Description : Islamic banking and economics (IBE) is a fast-growing subject of vital interest in both East and West as Muslims change their attitudes towards investments and find ways to invest their funds according to the Islamic faith. Along with the rapid developments in Islamic banking there has been a concomitant increase in the quantity of relevant IBE material generated. Since IBE is a highly specialized cross-disciplinary field involving economics, business, marketing, religion, philosophy and culture, it is difficult for researchers to locate and obtain information without having to go through several secondary sources such as indexing and abstracting services. In this electronic age, it is essential for researchers to be aware of the various forms of information available for consultation. Yet, until now, the few previous works on IBE information sources have been limited to the coverage of materials available during the early 1980s, before the most recent period of expansion, and in addition the materials cited were often unpublished and therefore unobtainable. In answer to a long-felt need, "Information Sources on Islamic Banking and Economics" provides a detailed bibliography of IBE sources concentrating on the period 1980-1990 with some data from 1991 and 1992, and with the additional unique feature of setting out, for the first time, the information infrastructure of the IBE discipline. A comprehensive author index and a keyword subject index for important terms are provided, and only published - and therefore easily obtainable - items have been included. This book is essential reading for all researchers, economists, bankers and others who need information on the increasingly important field of Islamic banking and economics, and related areas.


On Islamic Banking Performance And Financial Innovations

Author by : Mondher Bellalah
Languange : en
Publisher by : Cambridge Scholars Publishing
Format Available : PDF, ePub, Mobi
Total Read : 9
Total Download : 850
File Size : 40,8 Mb
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Description : Islamic banking has seen rapid growth during the last two decades. This is a result of the liberalization of financial regulation, the globalization of financial markets, technological changes, product innovation, the birth of several new Islamic States, and a growing Islamic presence in the West, among other factors. New innovations have allowed economists and religious scholars to bring new products to almost all areas of banking and insurance, products which would previously have been extremely controversial. This book provides a better understanding of the Muslim community around the world of Islamic economics and its importance, especially in these days of financial crisis. The book will also serve as a reference manual for teaching the theory and practice of Islamic banking and Islamic financial innovations around the world. Islamic finance courses at universities are highly important since Islamic financial innovations remain very limited, and additional efforts have to be made in this area.


Islamic Law A Very Short Introduction

Author by : Mashood A. Baderin
Languange : en
Publisher by : Oxford University Press
Format Available : PDF, ePub, Mobi
Total Read : 58
Total Download : 367
File Size : 52,8 Mb
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Description : Very Short Introductions: Brilliant, Sharp, Inspiring Islamic law is one of the major legal systems in the world today, yet it is often misunderstood, particularly in the West. It is applicable in different forms as part of state law in countries across the Middle East, Asia, and Africa, and also has a strong influence on Muslim communities throughout the Western world. This Very Short Introduction provides an authoritative perspective on the evolution and nature of Islamic law. Mashood A. Baderin considers its theory, covering the history and nature of Islamic jurisprudence; its scope, covering Family Law, Inheritance Law, Financial Law, Penal Law, and International Law; and, finally, its practice. He takes into account both classical and modern scholarly perspectives in examining the various facets of Islamic law, to provide an overview of this key legal system. ABOUT THE SERIES: The Very Short Introductions series from Oxford University Press contains hundreds of titles in almost every subject area. These pocket-sized books are the perfect way to get ahead in a new subject quickly. Our expert authors combine facts, analysis, perspective, new ideas, and enthusiasm to make interesting and challenging topics highly readable.


Handbook Of Research On Theory And Practice Of Global Islamic Finance

Author by : Rafay, Abdul
Languange : en
Publisher by : IGI Global
Format Available : PDF, ePub, Mobi
Total Read : 40
Total Download : 343
File Size : 42,5 Mb
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Description : As an emerging global phenomenon, Islamic economics and the financial system has expanded exponentially in recent decades. Many components of the industry are still unknown, but hopefully, the lack of awareness will soon be stilled. The Handbook of Research on Theory and Practice of Global Islamic Finance provides emerging research on the latest global Islamic economic practices. The content within this publication examines risk management, economic justice, and stock market analysis. It is designed for financiers, banking professionals, economists, policymakers, researchers, academicians, and students interested in ideas centered on the development and practice of Islamic finance.


Emerging Issues In Islamic Finance Law And Practice In Malaysia

Author by : Umar A. Oseni
Languange : en
Publisher by : Emerald Group Publishing
Format Available : PDF, ePub, Mobi
Total Read : 12
Total Download : 156
File Size : 41,6 Mb
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Description : Through a thorough analysis of emerging legal and regulatory issues in Islamic finance law and practice in Malaysia, this exciting new study covers issues such as blockchain technology, anti-money laundering, and FinTech in Islamic finance.


An Overview Of Islamic Finance

Author by : Mr.Mumtaz Hussain
Languange : en
Publisher by : International Monetary Fund
Format Available : PDF, ePub, Mobi
Total Read : 28
Total Download : 614
File Size : 40,5 Mb
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Description : Islamic finance has started to grow in international finance across the globe, with some concentration in few countries. Nearly 20 percent annual growth of Islamic finance in recent years seems to point to its resilience and broad appeal, partly owing to principles that govern Islamic financial activities, including equity, participation, and ownership. In theory, Islamic finance is resilient to shocks because of its emphasis on risk sharing, limits on excessive risk taking, and strong link to real activities. Empirical evidence on the stability of Islamic banks, however, is so far mixed. While these banks face similar risks as conventional banks do, they are also exposed to idiosyncratic risks, necessitating a tailoring of current risk management practices. The macroeconomic policy implications of the rapid expansion of Islamic finance are far reaching and need careful considerations.


Financial And Accounting Principles In Islamic Finance

Author by : Samir Alamad
Languange : en
Publisher by : Springer
Format Available : PDF, ePub, Mobi
Total Read : 68
Total Download : 697
File Size : 48,9 Mb
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Description : This book provides an original account detailing the origins and components of a faith-based accounting system that was founded around 629 CE. By examining the historical development that the accounting systems underwent within the context of faith-based rules and values, the book explains what is meant by the term “faith-based accounting”, together with a discussion of its characteristics in relation to various product structures and the underlying Islamic finance principles. It provides important theoretical and practical contributions by explaining accounting as a value-based science rather than a value-free object or abstract. This book explores the way in which religious rules act as a directive for accounting and auditing practices in IFIs. Through which the concept of money and digital currency within the theory of money and how it is enacted in a faith-based context, amid differences of opinions among its actors, is examined. This is an important foundation to explain Islamic accounting and includes how this outcome would shape the faith-based view regarding the new phenomenon of digital currency (DC). Also featured is the concept of paper money within the theory of money and how it is enacted in a faith-based legal framework by identifying two core concepts of today’s Fiat money as being a single genus or multi-genera money. This book is not merely an academic work, nor is it a pure practitioner guide; rather, it is a robust work that combines both. It marries rigorous academic research and theories with practical industry experiences. The book provides a clear and concise guide to accounting in Islamic economics and finance and how Islamic financial institutions could meet the applicable faith-based rules in their accounting practices.


Islamic Banking And Finance

Author by : Mondher Bellalah
Languange : en
Publisher by : Cambridge Scholars Publishing
Format Available : PDF, ePub, Mobi
Total Read : 16
Total Download : 614
File Size : 40,7 Mb
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Description : Islamic finance is founded on principles that constitute the guidelines governing any Islamic economic or financial dealings. Innovative financial engineering today constitutes one of the most critical needs of Islamic financial institutions. It represents the forces that will drive Islamic finance toward continuous growth and efficiency. The structuring of new financing and Shariah-complaint instruments plays an important role in the enhancement of Islamic financial markets, and Islamic risk management practices, combining basic Shariah-complaint financial instruments within Shariah structures to precise identified needs. The financial engineering process in Islamic finance is a process that is very sensitive and complex. It requires multidisciplinary considerations, involving deep knowledge of finance, economy, Shariah law and commercial law. Divergence of opinions among different Shariah scholars and boards, as well as the absence or lack of effectiveness of a central regulatory body, is perceived as an obstacle to the growth of investment confidence in Islamic finance. Hence, innovation, along with greater uniformity, is essential to make Islamic finance an international financial system and to attract a greater number of customers. This book addresses the main issues of concern within Islamic banking, namely the development of conceptual framework, the viability of interest-free banking, and the assessment of its performance and future. In a world where conventional interest-based finance is the dominant framework, Islamic banking faces many challenges that must be addressed. This book discusses these issues and challenges and will be of great interest to both researchers and practitioners. It analyses the past experiences of Islamic banks worldwide, and provides an objective assessment of their successes and failures.


The Islamic Moral Economy

Author by : Shafiel A. Karim
Languange : en
Publisher by : Universal-Publishers
Format Available : PDF, ePub, Mobi
Total Read : 49
Total Download : 808
File Size : 53,8 Mb
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Description : The Islamic Moral Economy is an academic book that analyzes the religious permissibility or lack thereof of the existing repertoire of financial instruments used in Islamic banking and finance. The work is both timely and sound, especially considering the growth of the international Islamic banking and insurance industries, and the Great Recession of 2007-2010. The Islamic Moral Economy is an excellent introductory book for academics and finance professionals wishing to gain a better understanding of Islamic moral constraints on economic transactions and how most current Islamic banking transactions are structured. More specifically, the author examines the utopian nature of the Islamic moral economy with a special emphasis on riba (i.e., financial interest and illogical increase), which is inescapable in the global interconnected economy, and therefore insoluble within the framework of the Islamic Moral Economy. Unlike other books on the subject, The Islamic Moral Economy places a special emphasis on the ubiquity of financial interest and illogical increase in both current Islamic banking and finance as well as conventional economics.


Risk Management In Islamic Finance

Author by : Muhammad Al-Bashir
Languange : en
Publisher by : BRILL
Format Available : PDF, ePub, Mobi
Total Read : 31
Total Download : 267
File Size : 53,9 Mb
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Description : This study addresses derivatives instruments in Islamic finance. It highlights the benefits of these instruments, their legal aspects and the appropriate alternatives. The forward, futures and options contracts in commodity markets are discussed and the arguments in favour of and against these instruments examined. The forward contracts issue includes the possibility of trading gold in forward basis, the forward market for currencies and the possible alternative to manage related risks. With the examination of futures contracts, the main arguments against such a contract are addressed, for example the sale prior to taking possession and the sale of debt hedging and speculation. The study proposes "khiyar al-shart" and "bay al-arbun" as tools of risk management and alternatives to options. The sale of pure rights is at the center of the admissibility of options in Islamic law and is investigated comprehensively.


Islamic Finance Banking System

Author by : Sudin Haron
Languange : en
Publisher by : McGraw-Hill Education / Asia
Format Available : PDF, ePub, Mobi
Total Read : 40
Total Download : 532
File Size : 54,8 Mb
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Description : With global assets expected to reach over a trillion dollars in the next few years, Islamic finance is the fastest-growing segment of the international financial services industry. This introductory guide takes readers on an in-depth tour of this exciting new world of opportunity, with profiles of the many diverse players and projections of Islam's hottest growth markets.


Organising Entrepreneurship And Msmes Across India

Author by : Leo-paul Dana
Languange : en
Publisher by : World Scientific
Format Available : PDF, ePub, Mobi
Total Read : 89
Total Download : 393
File Size : 50,6 Mb
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Description : In order to sustain their ventures in the Indian market, businesses developed an ecosystem to promote their current and future business. Over time, more and more small business owners emerged and organised their own settings to sustain business activities.Contemporary times challenge emerging economies — like India — to adopt entrepreneurship in order to boost its economy. Micro, Small and Medium Enterprises (MSMEs) are the preferred way of addressing these challenges; however, the ecosystem required to promote these MSMEs poses significant challenges and requires change to be sustainable.This book examines original case studies, quantitative studies and qualitative research highlighting the organisation of new business, reflecting a wide range of sectors across India. The book offers new insights to budding entrepreneurs to help organise new and established firms to infuse entrepreneurial intentions among the workforce.


Dalhuisen On Transnational Comparative Commercial Financial And Trade Law Volume 3

Author by : Jan H Dalhuisen
Languange : en
Publisher by : Bloomsbury Publishing
Format Available : PDF, ePub, Mobi
Total Read : 87
Total Download : 444
File Size : 52,6 Mb
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Description : This is the seventh edition of the leading work on transnational and comparative commercial, financial, and trade law, covering a wide range of complex topics in the modern law of international commerce and finance. As a guide for students and practitioners it has proven to be unrivalled. The work is divided into three volumes, each of which can be used independently or as part of the complete work. Volume 3 deals with financial products and financial services; the structure and operation of banking and of the capital markets; the role of modern commercial and investment banks; and financial risk, stability and regulation, including the fallout from the 2008 financial crisis and the subsequent regulatory responses in the US and Europe. In sections on products and services, the blockchain and its potential are noted in the payment system, in the custodial holdings of investment securities, and in the derivative markets. A section on regulation critically reviews the need for macro-prudential supervision and an independent macro-prudential supervisor, the role of resolution authorities, the operation of the shadow banking system, and the extraterritorial reach and international recognition of financial regulation. All three volumes may be purchased separately or as part of a single set.


Islamic Finance Alternatives For Emerging Economies

Author by : M. Ustaoglu
Languange : en
Publisher by : Springer
Format Available : PDF, ePub, Mobi
Total Read : 25
Total Download : 264
File Size : 51,6 Mb
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Description : Turkey could be considered the most important and leading Islamic country that has implemented the Western economic model successfully mostly because of the modernization efforts since late Ottoman period. As a result of the secularization efforts in the field of economy in early republican era, Muslim people in the country had to deal with non-Islamic practices that contradict with their religious beliefs. Islamic Finance Alternatives for Emerging Economies analyzes the emergence of the Islamic financial institutions in Turkey, by taking into account their history, their operational model, and their legal regulations in the financial field, to discuss the future of Islamic finance. The contributors also consider the ability of Islamic financial institutions and tools to respond to the financial needs of Muslims.


The Muslim Reality In India

Author by : Ishtiyaque Danish
Languange : en
Publisher by : Kojo Press
Format Available : PDF, ePub, Mobi
Total Read : 86
Total Download : 504
File Size : 43,9 Mb
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Description : The Muslim Reality in India is a collection of articles dealing with several aspects of Muslim presence in post-independence India. This edited volume highlights not only the problems the Muslim community is confronted with, but also shows the way ahead. The most obvious and visible reality in India is its pluralistic and composite culture. Every multicultural society is a unique experience; it creates and solves problems. The book in your hand has discussed it very well. Indian Muslims feel marginalized politically, economically and socially. Their educational status is pathetic, to say the least. But what has been frightening the Muslims the most is the frequent outbreak of communal violence. There is also the lurking danger of uniform civil code which has the potential to violently polarize the country along communal lines. Similarly wide- spread discrimination, and in some cases social exclusion are also important problems. There are internal as well as external reasons behind the problems mentioned above. The Muslim Reality in India is an attempt to analyse the problems objectively and find out viable solutions to them. Like the causes of the problems, the solutions, too, are both internal and external. The Muslim Reality in India is thus an objective analysis as well as approach to solve the problems of the largest minority in the country.