Awqaf-led Islamic Social Finance

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Publisher : Routledge
ISBN 13 : 1000176215
Total Pages : 991 pages
Book Rating : 4.0/5 (1 download)

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Book Synopsis Awqaf-led Islamic Social Finance by : Mohd Ma'Sum Billah

Download or read book Awqaf-led Islamic Social Finance written by Mohd Ma'Sum Billah and published by Routledge. This book was released on 2020-09-14 with total page 991 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides an authoritative and comprehensive overview of Waqf (endowment), addressing specific issues, models, solutions, structures and practices. As Islamic finance has gained in significance, so too has the institution of Waqf, working towards creating an enterprising and an entrepreneurial community across the globe, in order to meet the underlying objectives of the sustainable development goals (SDGs) by targeting the low-income group in particular. The book analyses the historical context of Waqf as well as its revival in the digital era. It addresses the laws and policies affecting the management of Waqf, such as Maqasid al-Shari’ah, law and policies, law and fiscal reform, regulations applied within Muslim countries, judicial procedures and dispute resolutions and covers the core issues concerning the formalities of Waqf, its management and corporate governance questions. The book includes a series of specialised chapters focusing on the products and services of Waqf, covering product innovation, product development, and then assesses the risk factors in Waqf and Waqf Takaful. Finally, it focuses on the challenges of Waqf and offers recommendations for the way forward. A timely and practical guide, comprising a literature review and future research directions, as well as a number of international case studies, this will be a key reference for academics, students, researchers, practitioners and policy makers.

Endowments (Awqaf) in Islam

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Author :
Publisher : Hussein Elasrag
ISBN 13 : 1779522231
Total Pages : 63 pages
Book Rating : 4.7/5 (795 download)

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Book Synopsis Endowments (Awqaf) in Islam by : Hussein Elasrag

Download or read book Endowments (Awqaf) in Islam written by Hussein Elasrag and published by Hussein Elasrag. This book was released on 2022-03-06 with total page 63 pages. Available in PDF, EPUB and Kindle. Book excerpt: The word (waqf) and its plural from awqaf are derived from Arabic root Verb which means "to stop", or " to hold" " to keep" or to prevent property from passing into the hands of a third person. In a religious connotation, the term waqf means to protect and preserve the property in such a way that remains intact but its usufruct is dedicated for charitable purposes in perpetuity. Endowments or awqaf (the plural of waqf) resemble common law trusts, with the trustee being the institution or individual in charge of the waqf and the beneficiary usually being the whole community. Awqaf can be used not only to provide immediate necessities to the poor, but also to create or strengthen business support institutions that can lower the cost of doing business for the poor. Awqaf can also be used to support and build infrastructure institutions that can improve corporate governance and reduce the cost of doing business. For example, information bureaus, market regulatory bodies, the provision of accountancy services, and other such shared services for a group or for the entire society can be funded through waqf. Thus, this paper focuses on the application of these concepts and some possible roles that waqf may play in the socio-economic development of the Muslim societies.

Handbook of Research on Islamic Social Finance and Economic Recovery After a Global Health Crisis

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Author :
Publisher : IGI Global
ISBN 13 : 1799868133
Total Pages : 410 pages
Book Rating : 4.7/5 (998 download)

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Book Synopsis Handbook of Research on Islamic Social Finance and Economic Recovery After a Global Health Crisis by : Kassim, Salina

Download or read book Handbook of Research on Islamic Social Finance and Economic Recovery After a Global Health Crisis written by Kassim, Salina and published by IGI Global. This book was released on 2021-04-30 with total page 410 pages. Available in PDF, EPUB and Kindle. Book excerpt: Social financial reporting as an economic tool presents the firm as a socio-economic unit with empowered social capital to enable a sustainable economic solution, particularly in response to the COVID-19 pandemic. Islamic social finance (ISF) is a corporate social responsibility initiative in the form of humanitarian and socio-development programs by Islamic financial institutions and Shariah-compliant corporations. ISF is applied through various methods and tools that structure based on Islamic Sharia Law. For example, Islamic social finance tools would either be philanthropic, involving activities such as zakat (obligatory alms-giving), Sadaqah (voluntary alms-giving/charity), and waqf (endowment) or ta’awun (cooperation-based activities), which include Qardh al-hasan (benevolent loan) and kafala (guarantee). Thus, Islamic social finance instruments play a vital role in alleviating poverty and addressing socio-economic issues such as illiteracy, unemployment, malnutrition, and health issues. As such, integrated ISF reporting can empower sustainable economic development and lead to recovery. The Handbook of Research on Islamic Social Finance and Economic Recovery After a Global Health Crisis provides insights on the role of Islamic social finance in supporting and facilitating economic recovery in the post-COVID-19 era as well as reducing poverty and addressing the challenges of socio-economic problems such as education, unemployment, malnutrition, and health issues. This book is ideally intended for practitioners, stakeholders, researchers, academicians, and students who are interested in improving their understanding on the role of Islamic social finance theoretically and empirically in solving the issue of poverty and developing excellent funds management to achieve economic empowerment with better environmental sustainability.

COVID-19 and Islamic Social Finance

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Author :
Publisher : Routledge
ISBN 13 : 1000356299
Total Pages : 172 pages
Book Rating : 4.0/5 (3 download)

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Book Synopsis COVID-19 and Islamic Social Finance by : M. Kabir Hassan

Download or read book COVID-19 and Islamic Social Finance written by M. Kabir Hassan and published by Routledge. This book was released on 2021-03-08 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt: It is said that the COVID-19 pandemic has turned back the poverty clock. As such, there is a need to have social mechanisms put in place to provide relief to those who are affected in this regard. Islamic social finance consists of tools and institutions that could be used to alleviate poverty. This book explores the impact of COVID-19 on Islamic finance to better understand the effectiveness of Islamic social finance in helping those who have been affected by poverty overnight due to the halt in all major economic activities in the context of the pandemic. Since the struggle against poverty in each country will be different, the book attempts to shed light on the experiences of different countries by presenting successful models of Islamic social finance. The book first looks at poverty and COVID-19 before delving into the role of Islamic social financial institutions and how they have risen against COVID-19. The book concludes by examining the impact of COVID-19 on Islamic microfinance. This book is the first of its kind on the subject of COVID-19, and it intends to bridge the gap in the literature.

Islamic Social Finance

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Author :
Publisher : Edward Elgar Publishing
ISBN 13 : 9781803929798
Total Pages : 0 pages
Book Rating : 4.9/5 (297 download)

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Book Synopsis Islamic Social Finance by : Shafinar Ismail

Download or read book Islamic Social Finance written by Shafinar Ismail and published by Edward Elgar Publishing. This book was released on 2023-01-28 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Islamic Social Finance provides an introduction to the Waqf system, which has played a significant socio-economic role throughout the history of Islamic civilization. In a contemporary framework, Waqf creates new networks between micro-entrepreneurs, Small and Medium Sized Enterprises (SMEs), and entrepreneurship through voluntary donations made by individuals in a society. In other contexts, Waqf supports the financial system and contributes to the UN sustainable development goals (SDGs). The authors explore the relationship between the roles Waqf plays in realizing the SDGs, its contributions in many sectors of the economy, and the Waqf practices among the Southeast Asia countries, particularly Malaysia. They highlight the existing Waqf models and framework that have been used by many countries for entrepreneurship that can be used or adapted for the benefits of SMEs. This book is a comprehensive overview for academics, postgraduate students, entrepreneurs, and policy makers who wish to understand how Waqf can contribute to the economic progress of individuals and society at large.

Islamic Wealth and the SDGs

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Author :
Publisher : Springer Nature
ISBN 13 : 3030653137
Total Pages : 666 pages
Book Rating : 4.0/5 (36 download)

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Book Synopsis Islamic Wealth and the SDGs by : Mohd Ma'Sum Billah

Download or read book Islamic Wealth and the SDGs written by Mohd Ma'Sum Billah and published by Springer Nature. This book was released on 2021-04-21 with total page 666 pages. Available in PDF, EPUB and Kindle. Book excerpt: The SDGs, developed by the UN in 2012, focuses on 17 goals for the betterment of humanity and humanitarian causes. Among the core objectives of Shari'ah in Islamic finance is to offer a helping hand, emphasizing the efforts and scope of the SDGs. This book explores how Islamic ethical wealth is structured to contribute to the SDGs and an overall socio-economic impact within the principles of Maqasid al-Shari’ah. Focusing areas such as Islamic micro-finance, wealth inclusion, corporate and agro-Zakat, Awqaf, SRI Sukuk, and green Sukuk, this book will feature contributions from the leading researchers in sustainability and Islamic finance and will be of interest to scholars, researchers, industrialists, NGOs, UNDP and students studying both areas.

Islamic Social Finance

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Author :
Publisher : Routledge
ISBN 13 : 1351987437
Total Pages : 335 pages
Book Rating : 4.3/5 (519 download)

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Book Synopsis Islamic Social Finance by : Valentino Cattelan

Download or read book Islamic Social Finance written by Valentino Cattelan and published by Routledge. This book was released on 2018-08-06 with total page 335 pages. Available in PDF, EPUB and Kindle. Book excerpt: The current dynamics of world economy show remarkable changes in the socio-economics of credit provision and entrepreneurship. If the emergence of the sharing economy is fostering innovative models of collaborative agency, networking and venture business, economic actors are also looking for a more sustainable development, able to foster profitability as well as community welfare. This book investigates Islamic social finance as a paramount example of this economy under change, where the balance between economic efficiency and social impact is contributing to the transformation of the market from an exchange- to a community-oriented institution. The collected essays analyse the social dimension of entrepreneurship from an Islamic perspective, highlighting the extent to which the rationales of "sharing," distribution and cooperation, affect the conceptualization of the market in Islam as a place of "shared prosperity." Moving from the conceptual "roots" of this paradigm to its operative "branches," the contributing authors also connect the most recent trends in the financial market to Shari‘ah-based strategies for community welfare, hence exploring the applications of Islamic social finance from the sharing economy, FinTech and crowdfunding to microcredit, waqf, zakat, sukuk and green investments. An illuminating reference for researchers, practitioners and policy-makers dealing with the challenges of a global market where not only is diversity being perceived as a value to be fostered, but also as an important opportunity for a more inclusive economy for everybody.

Financial Instruments and Cash Waqf

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Author :
Publisher : Springer Nature
ISBN 13 : 3031043375
Total Pages : 242 pages
Book Rating : 4.0/5 (31 download)

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Book Synopsis Financial Instruments and Cash Waqf by : Ahmed Tahiri-Jouti

Download or read book Financial Instruments and Cash Waqf written by Ahmed Tahiri-Jouti and published by Springer Nature. This book was released on 2022-05-07 with total page 242 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book, organized in three parts, offers a guide to constructing financial instruments based on cash waqf in alignment with the Sustainable Development Goals. The first part discusses the alignment between the Shari'ah economic objectives and the SDGs, the Islamic social finance concept, its instruments and institutions and the intersection between Islamic finance and Islamic social finance. The second part presents a product structure that is based on cash waqf and is targeting the SDGs specifically. Some of these product structures involve zakat collection. The third part of the book presents the methodology to gather all these product structures in a national cash waqf ecosystem that is targeting SDGs. The aim of this ecosystem is to increase the impact of the various initiatives and instruments. In addition to this, the third part of the book presents the concept of Waqf offshore centers and the methodology to conceive and implement them. The aim of these Waqf offshore centers is to connect national cash waqf ecosystems and individuals with investment opportunities bringing more impact. This book will be of interest to academics, researchers, and practitioners of not only Islamic finance but sustainable finance.

Islamic Green Finance

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Author :
Publisher : Taylor & Francis
ISBN 13 : 1040121063
Total Pages : 265 pages
Book Rating : 4.0/5 (41 download)

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Book Synopsis Islamic Green Finance by : Mohd Ma'Sum Billah

Download or read book Islamic Green Finance written by Mohd Ma'Sum Billah and published by Taylor & Francis. This book was released on 2024-09-16 with total page 265 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book argues that focusing on the green economy and green finance is essential to counteract the catastrophic, socio-economic effects of the COVID-19 pandemic. Further, while numerous research initiatives in the context of the green economy and/or finance have been observed in different parts of the world, to date, no comprehensive work has been published on the topic of green finance in relation to the discipline of Shari’ah. This timely book provides a comprehensive guide and offers practical solutions to the core issues of green finance within the principles of Maqasid al-Shari’ah. It contends that Islamic green finance serves to promote global financial stability and mitigate the financial risks associated with climate change and environmental degradation: by integrating Islamic finance principles with sustainable and environmentally friendly practices; by encouraging ethical investments and prioritising long-term social and environmental benefits; and by redirecting capital towards sustainable projects and fostering a more sustainable and inclusive financial system. Islamic green finance’s emphasis on transparency, governance, risk-sharing, and responsible investing helps lessen systemic risks and supports the transition towards a more stable and sustainable global financial landscape. The book’s holistic approach to green finance in Maqasid al-Shari’ah aims to ensure that financial actions align with Islamic principles and help create a more sustainable and responsible economic system. The book is a detailed reference, which sheds light on the pressing issues of our time. It encompasses various aspects of Islamic economics and serves as a guide to implementing green financing in accordance with Islamic principles and ethics, and as such, it will appeal to academics, researchers, students and policymakers alike.

Waqf Development and Innovation

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Author :
Publisher : Routledge
ISBN 13 : 1000481840
Total Pages : 306 pages
Book Rating : 4.0/5 (4 download)

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Book Synopsis Waqf Development and Innovation by : Syed Nazim Ali

Download or read book Waqf Development and Innovation written by Syed Nazim Ali and published by Routledge. This book was released on 2021-11-29 with total page 306 pages. Available in PDF, EPUB and Kindle. Book excerpt: Waqf is one of the most potent socio-economic tools for reducing public sector deficit and breaking the chain of intergenerational poverty. Providing a high-level discussion on waqf development and innovation within the context of modern socio-economic and legal developments, this book examines the importance and potentials of waqf and the issues relating to its legal and regulatory framework. The research delivers future directions for countries that plan to explore this socio-economic institution. Readers and policymakers will be able to replicate successful experiments and learn from some failed initiatives to seek alternative funding platforms to support the fiscal policies of developing countries. The volume discusses the relevance and novel application of waqf in the modern economic system and social development, it reviews applicable laws and regulations pertaining to waqf and trust laws and examines critical, cross-country case studies and experiences. Setting an agenda for further researchers in the field of waqf, this comprehensive high-level analysis, with case studies from leading jurisdictions across the world, is a key resource for researchers, policymakers and institutions interested in charitable endowments, Islamic finance, and social finance.

Activating Social Impact Through Waqf Solutions

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Author :
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.2/5 (12 download)

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Book Synopsis Activating Social Impact Through Waqf Solutions by : Hussein Elasrag

Download or read book Activating Social Impact Through Waqf Solutions written by Hussein Elasrag and published by . This book was released on 2022-08-05 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Islamic social finance tools have been instrumental in the alleviation of poverty and socio-economic development for centuries. It was time that formal Islamic finance goes back to its core ideals, extending its impact over the entire landscape of economic development. The recent global drive towards a more equitable existence is acting as catalyst for the resurgence of formal Islamic social finance such as waqf. It is hoped that this could significantly contributes towards unified approach to global equality and achieve a better world. Although a significant number of waqf institutions exist globally, the success of these institutions relies on efficient governance, regulation, supervision mechanisms and effective management. Since most countries and regions do not have enabling waqf regulations or monitoring processes, the value and output of Awqaf assets are mostly on the decline. The potential, however, is enormous. Thus, this book focuses on the application of these concepts and some possible roles that waqf may play in the socio-economic development of the Muslim societies.

COVID-19 and Islamic Finance

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Author :
Publisher : Cambridge University Press
ISBN 13 : 1009194690
Total Pages : 117 pages
Book Rating : 4.0/5 (91 download)

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Book Synopsis COVID-19 and Islamic Finance by : M. Kabir Hassan

Download or read book COVID-19 and Islamic Finance written by M. Kabir Hassan and published by Cambridge University Press. This book was released on 2022-07-07 with total page 117 pages. Available in PDF, EPUB and Kindle. Book excerpt: The objective of this Element is to provide an overview of Islamic finance by highlighting the impact of the pandemic on it in a comprehensive manner by looking at two branches of Islamic finance: Islamic commercial finance; and Islamic social finance. The approach that is adopted in this Element is to first provide an overview of Islamic finance to the readers in a simple and easy manner followed by the impact of pandemic discussed separately for both types of Islamic finance. Last, but not least, the Element also recommends ways in which Islamic finance could be further improved in the light of the lessons learnt from the pandemic. It is anticipated that the recommendations made in this regard would assist policymakers, practitioners, researchers and other stakeholders of Islamic finance to understand the way to unlock the full potential of Islamic finance to reduce the wealth gap and achieve financial inclusion.

Towards a Post-Covid Global Financial System

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Author :
Publisher : Emerald Group Publishing
ISBN 13 : 1800716273
Total Pages : 185 pages
Book Rating : 4.8/5 (7 download)

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Book Synopsis Towards a Post-Covid Global Financial System by : M. Kabir Hassan

Download or read book Towards a Post-Covid Global Financial System written by M. Kabir Hassan and published by Emerald Group Publishing. This book was released on 2022-01-20 with total page 185 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Towards a Post-Covid Global Financial System a team of experts explore how COVID-19 has affected the most vulnerable parts of the global economy; how it has been met by Islamic banking and finance; and how the principles of Islamic social finance could be used to have a fairer, more resilient Islamic finance system for all.

Islamic Philanthropy

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Publisher : Springer Nature
ISBN 13 : 3031068904
Total Pages : 357 pages
Book Rating : 4.0/5 (31 download)

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Book Synopsis Islamic Philanthropy by : Abdul Ghafar Ismail

Download or read book Islamic Philanthropy written by Abdul Ghafar Ismail and published by Springer Nature. This book was released on 2022-09-22 with total page 357 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Islam, philanthropy is a spectrum of activity, and these activities differ in their purpose and in the principles on which they operate. To fully understand philanthropy, it is vital to examine not only its purpose but its motive and outcomes. This book identifies three types of philanthropy within this spectrum: Philanthropy as relief (zakat), which seeks to alleviate human suffering; philanthropy as an improvement (waqf), which seeks to maximize individual human potential and is energized by a principle that seeks to progress individuals and their society; and philanthropy as reform (sadaqah), which seeks to solve social problems. Philanthropy as civic engagement seeks to build better community structures and services and is directed by civic responsibility. This book explores philanthropy in Islam that covers the three primary spectra of activity: zakat, waqf, and sadaqah. Combining contributions from the Conference on Philanthropy for Humanitarian Aid under the joint organization of Sultan Sharif Ali Islamic University and the International Research Centre of Islamic Economics and Finance, International Islamic University College in collaboration with the Islamic Research and Training Institute, this book will be of interest to students, policymakers, practitioners, and researchers in the areas of Islamic finance and Islamic economics. ​

Financing the Development of Old Waqf Properties

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Author :
Publisher : Springer
ISBN 13 : 113758128X
Total Pages : 289 pages
Book Rating : 4.1/5 (375 download)

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Book Synopsis Financing the Development of Old Waqf Properties by : Magda Ismail Abdel Mohsin

Download or read book Financing the Development of Old Waqf Properties written by Magda Ismail Abdel Mohsin and published by Springer. This book was released on 2016-10-21 with total page 289 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents successful case studies in Muslim and Muslim minority countries that have revolutionized the redevelopment of idle waqf properties into productive land trusts. The revival of this institution over the last two decades shows the growing optimism in galvanizing the socioeconomic role of waqf by adopting its flexible shariah measures. Innovative ways of financing redevelopment allow Muslims to extend these roles to include new beneficiaries. New uses for these properties include providing services to the community, opening jobs for the majority of people, funding small entrepreneurs, educating the masses, providing health care, and sheltering the poor and needy. Countries under study include Sudan, Turkey, Malaysia, Indonesia, Singapore, New Zealand, Kuwait, Oman, Qatar, and Iran. Additionally, the book examines the International Development Bank's role in financing the development old waqf properties in different countries.

Islamic Finance and Sustainable Development

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Author :
Publisher : Springer Nature
ISBN 13 : 3030760162
Total Pages : 395 pages
Book Rating : 4.0/5 (37 download)

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Book Synopsis Islamic Finance and Sustainable Development by : M. Kabir Hassan

Download or read book Islamic Finance and Sustainable Development written by M. Kabir Hassan and published by Springer Nature. This book was released on 2021-08-13 with total page 395 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book is a collection of chapters discussing the Sustainable Development Goals in the broader context of Islamic finance along with mapping the SDGs with Maqasid Al-Shariah. It provides a framework for both Muslim and non-Muslim countries to develop a sustainable economy which encompasses not only the concept of the welfare state but also supports development-related activities, ensures financial inclusion through equal distribution of wealth and alleviation of poverty, and protects the overall environmental and ecological system. More specifically, this book explores various aspects of Islamic finance in relation to parameters of SDGs; restructuring of Islamic finance and connecting its dots in the light of SDGs; Islamic perspective on ESG and ecological quality; interest-free tools and modernization of Islamic financial institutions for sustainable development and economic stability; and the role of Islamic finance in infrastructure-related development activities. Consistent with the view that SDGs are embedded within the theme of Islamic finance, this book is specifically designed to meet the needs of key regulatory institutions, academic scholars, and industry practitioners both in the field of Islamic finance and sustainable finance.​

Empowering the Poor through Financial and Social Inclusion in Africa

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Author :
Publisher : Springer Nature
ISBN 13 : 3031009258
Total Pages : 158 pages
Book Rating : 4.0/5 (31 download)

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Book Synopsis Empowering the Poor through Financial and Social Inclusion in Africa by : Abdelrahman Elzahi Saaid Ali

Download or read book Empowering the Poor through Financial and Social Inclusion in Africa written by Abdelrahman Elzahi Saaid Ali and published by Springer Nature. This book was released on 2022-04-25 with total page 158 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book discusses financial inclusion, gender equality, regulatory regimes for microfinance, women empowerment, and digital finance from an Islamic perspective. It encourages the reader to reflect on whether the delivery of financial services from an Islamic perspective might be attainable and lead to achieving global financial inclusion. Accessing financing is one of the most formidable challenges facing disadvantaged in IsDB member countries. The race to serve these niche markets has led to the emergence of conventional microfinance. There remains the lingering question of whether conventional microfinance in its current form has conclusively led to poverty alleviation among Muslim communities. Hence, there is a need of having Shari’ah-compliant business model that depends on Islamic socio-economic tools such as Zakah, Sadaqah, and Waqf might best address the needs self-financial exclusion or the exclusion of the extremely poor in Muslim.