Money and Banking in Islam

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Publisher :
ISBN 13 :
Total Pages : 360 pages
Book Rating : 4.3/5 (9 download)

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Book Synopsis Money and Banking in Islam by : Ziauddin Ahmed

Download or read book Money and Banking in Islam written by Ziauddin Ahmed and published by . This book was released on 1983 with total page 360 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Money in Islam

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Publisher : Routledge
ISBN 13 : 1134714459
Total Pages : 344 pages
Book Rating : 4.1/5 (347 download)

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Book Synopsis Money in Islam by : Masudul A. Choudhury

Download or read book Money in Islam written by Masudul A. Choudhury and published by Routledge. This book was released on 2005-10-09 with total page 344 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume takes a unique and challenging look at how money has operated in Islamic society and at how Islamic theoretical frameworks have influenced perceptions of money. The author draws upon historical, data and policy analysis to present a comparative study of monetary theories, including recent treatment of money by Islamic economists. Discussion also covers the nature of joint venture, stock markets, banks and financial intermediaries, price stability and international trade. This work sheds pioneering light in this area, and will be of interest to academics, graduates and researchers internationally.

Islamic Banking

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Publisher : Edward Elgar Publishing
ISBN 13 :
Total Pages : 296 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Islamic Banking by : Mervyn Lewis

Download or read book Islamic Banking written by Mervyn Lewis and published by Edward Elgar Publishing. This book was released on 2001 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a book for students seeking an introduction to Islamic banking. It covers both the theory and the practice of Islamic banking in enough detail to make it easy to read and interesting. Difficult concepts are clearly explained without being overpowered by mathematics, and it is a one-stop shop for information on Islamic banking. With case studies taken from Islamic to mixed systems the development of Islamic banking is thoroughly explored, with history and analysis complementing the more theoretical issues like the prohibition of interest.

Introduction to Islamic Banking and Finance

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Publisher : John Wiley & Sons
ISBN 13 : 047097804X
Total Pages : 193 pages
Book Rating : 4.4/5 (79 download)

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Book Synopsis Introduction to Islamic Banking and Finance by : Brian Kettell

Download or read book Introduction to Islamic Banking and Finance written by Brian Kettell and published by John Wiley & Sons. This book was released on 2011-08-15 with total page 193 pages. Available in PDF, EPUB and Kindle. Book excerpt: Introduction to Islamic Banking and Finance is a succinct guide to the key characteristics of Islamic banking highlighting how these differ from conventional banking. This detailed book illustrates how Islamic banking is consistent with the Sharia'a, a key element of which is the prohibition on collecting and paying interest. This central religious precept appears to rule out most aspects of modern finance but it does allow money to be used for trading tangible assets and business, which can then generate a profit. Brian Kettell's book looks at all aspects of Islamic banking, including chapters on its creation and evolution through to detailed discussions of the issues involved in the Sharia'a contracts of Murabaha, Mudaraba, Musharaka, Ijara, Istisna'a, and Salam. Islamic insurance (Takaful) is also covered. Finally the book takes a look at Sharia'a law and Sharia'a boards, indicating the roles and responsibilities that come with membership. Islamic banks have been operating in places such as Bahrain, Saudi Arabia, Malaysia and Dubai for some time. Conventional bankers have traditionally viewed the sector as a small, exotic niche but recent years have seen a dramatic surge in popularity. A number of Western investment banks have started working with Muslim clerics to create new ranges of financial products designed for devout Muslims, a large and growing market. Although estimates of the size of the Islamic finance industry vary greatly, everyone agrees that it is expanding rapidly and this is the perfect book for anyone looking to understand the industry.

Towards a Just Monetary System

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Publisher : International Institute of Islamic Thought (IIIT)
ISBN 13 : 0860371476
Total Pages : 19 pages
Book Rating : 4.8/5 (63 download)

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Book Synopsis Towards a Just Monetary System by : M. Umer Chapra

Download or read book Towards a Just Monetary System written by M. Umer Chapra and published by International Institute of Islamic Thought (IIIT). This book was released on 1985 with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt: Towards a Just Monetary System is the first comprehensive study of the goals, nature and operations of the monetary system of Islam, which has justice as one of its most indispensable objectives.For most people, including some Muslims, an interest-free economy is a mystery. Hence a number of questions are asked. Has Islam really prohibited interest and, if so, what is the purpose behind this? Can an economy run without interest? What will be the impact on resource allocation, savings and capital formation, economic stability and growth? Dr. Chapra takes the mystery out of the subject by answering these and a number of other questions by means of a thorough economic analysis. While he shows the rationale behind the prohibition of interest and the strengths of a purely equity-based Islamic economy, he also indicated the problems and gives a realistic proposal for solving them. Dr. Chapra also elaborates the changes that must be introduced in the nature and operations of commercial and central banks: the auxiliary institutions which must be established, and the new tools of monetary policy that must be developed to enable the Islamic money and banking system to function effectively. He however warns that the abolition of interest is not the only value of Islam and unless it is political institutions of Muslim countries, their economies cannot be transformed and socio-economic justice as well as a whole range of other important goals of Islam cannot be realized. This calls for a gradual transformation, but with a total commitment.The Islamic Foundation is an educational and research organization developed to make Islam a living reality in our age. For this purpose, it aims at improving human communication and developing a better understanding of Islam among all people of the world, Muslim and non-Muslim, so as to galvanize man to the message and ideal of One God and the unity of mankind. As brought by all Prophets of God throughout the ages, last of whom was the Prophet Muhammad (blessings of Allah and peace be upon him). An important aspect of the foundation’s multifarious activities is the publication of literature of Islam.

Islamic Money and Banking

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Publisher : John Wiley & Sons
ISBN 13 : 111817884X
Total Pages : 281 pages
Book Rating : 4.1/5 (181 download)

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Book Synopsis Islamic Money and Banking by : Iraj Toutounchian

Download or read book Islamic Money and Banking written by Iraj Toutounchian and published by John Wiley & Sons. This book was released on 2011-12-27 with total page 281 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines how money, in the absence of interest (Riba) and money market can become an endogenous variable of an economic system. It further tries to integrate money in capital theory and to make monetary sector part of the real sector aiming at removing the problems that arise from separation of the two.

Handbook of Islamic Banking

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Publisher : Edward Elgar Publishing
ISBN 13 : 9781847205414
Total Pages : 472 pages
Book Rating : 4.2/5 (54 download)

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Book Synopsis Handbook of Islamic Banking by : Kabir Hassan

Download or read book Handbook of Islamic Banking written by Kabir Hassan and published by Edward Elgar Publishing. This book was released on 2009-01-01 with total page 472 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Handbook of Islamic Banking comprises 25 studies by leading international experts on Islamic banking and finance specially commissioned to analyse the various debates and the current state of play in the field. From its origins thirty years ago, Islamic banking has expanded rapidly to become a distinctive and fast growing segment of the international banking and capital markets. Despite this expansion, Islamic banking still remains poorly understood in many parts of the Muslim world and continues to be a mystery in much of the West. This comprehensive Handbook provides a succinct analysis of the workings of Islamic banking and finance, accessible to a wide range of readers. At the same time, it seeks to bring the current research agenda and the main issues on Islamic banking before a wider audience. Islamic banking offers, as an alternative to conventional interest-based financing methods, a wide variety of financial instruments and investment vehicles based on profit-and-loss sharing arrangements. These are all explored in detail along with other subjects such as governance and risk management, securities and investment, structured financing, accounting and regulation, economic development and globalization. M. Kabir Hassan, Mervyn Lewis and the other contributors have created an authoritative and original reference work, which will contribute to a wider understanding of Islamic banking as well as provoking further discussion and research. It will be invaluable to all scholars, researchers and policymakers with an interest in this subject.

Islamic Finance: Why It Makes Sense (For You) — Understanding its Principles and Practices, 2nd Edition

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Publisher : Marshall Cavendish International Asia Pte Ltd
ISBN 13 : 9814516821
Total Pages : 216 pages
Book Rating : 4.8/5 (145 download)

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Book Synopsis Islamic Finance: Why It Makes Sense (For You) — Understanding its Principles and Practices, 2nd Edition by : Abdullah, Daud Vicary

Download or read book Islamic Finance: Why It Makes Sense (For You) — Understanding its Principles and Practices, 2nd Edition written by Abdullah, Daud Vicary and published by Marshall Cavendish International Asia Pte Ltd. This book was released on 2013-11-15 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: Islamic finance has been growing faster than conventional finance for most of the past decade. It has done this on a model of finance that rejects interest and promotes profit sharing. How is this possible? Yet the wealth potential of Islamic finance is far from being its most attractive feature. What is most compelling about Islamic finance are its ethical principles and strong corporate governance based on Shariah law. This SECOND EDITION explains and updates how conventional financial products work — from mortgages and leases to trade finance and insurance — before delving into their Islamic versions and contains three new topics on microfinance, the ethical company and wealth successionAbout the Authors Daud Vicary Abdullah has been in the finance and consulting industry for more than 40 years, and has focused solely on Islamic finance since 2002. At Hong Leong Islamic Bank, he was instrumental in transforming an Islamic banking window into a full-fledged Islamic banking subsidiary. Today, he helms INCEIF (International Centre for Education in Islamic Finance), the global university for Islamic finance set up by Bank Negara (Central Bank of Malaysia) in December 2005. He is also a frequent speaker and commentator on matters relating to Islamic finance. Keon Chee is a senior executive in Singapore where he oversees the wills, trusts and corporate services businesses in his firm. He has many years' experience in investment research, derivatives, financial training and insurance. He obtained an MBA from Columbia University and an LL.B (Hons) from the University of London, and enjoys using his broad background in helping clients with their estate planning needs. He is also co-author of the best-selling Make Your Money Work For You.

Islamic Banking in Practice - Volume 1

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Publisher : Fidens Press
ISBN 13 :
Total Pages : 242 pages
Book Rating : 4./5 ( download)

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Book Synopsis Islamic Banking in Practice - Volume 1 by : Safdar Alam

Download or read book Islamic Banking in Practice - Volume 1 written by Safdar Alam and published by Fidens Press. This book was released on 2019-06-19 with total page 242 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 Monetary Economics

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Publisher : Routledge
ISBN 13 : 1000289974
Total Pages : 257 pages
Book Rating : 4.0/5 (2 download)

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Book Synopsis Islamic Monetary Economics by : Taha Eğri

Download or read book Islamic Monetary Economics written by Taha Eğri and published by Routledge. This book was released on 2020-12-10 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: The existence of fiat currencies has long been cited as one of the major contributing factors to the challenges facing contemporary economies, and the current monetary system is not only a key source of exorable increases in interest rates but also a principal cause of inflation and decline in the value of money in many countries. The editors argue that an Islamic monetary system, with its specific money concepts, interest-free financial institutions, and monetary policy embedded in real growth, provides a solution to this conundrum. Contributions from many world-renowned experts consider a wide array of topics, ranging from the theoretical concepts of money and banking in conventional and Islamic economics to the historical journey of money from precious metals to plastic money and digital currency today. The book outlines the problems that sprout from interest-based banking and multiple debt structures. It then mirrors the Islamic concepts of money as well as idiosyncrasies of its monetary policy. Supported with meticulous research and empirical evidence, the book demonstrates the efficacy of Islamic monetary system in delivering real growth along with equitable distribution of wealth and prosperity in the economy. It additionally acquaints the readers with juristic debates about money and monetary policy. This is essential reading for both students and researchers in Islamic economics, banking, and finance, expertly promoting a fair and just economic system that emerges as a result of interest-free banking and monetary policy based on Islamic principles.

Introduction To Islamic Finance

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Publisher : CV. AZKA PUSTAKA
ISBN 13 : 6238323787
Total Pages : 322 pages
Book Rating : 4.2/5 (383 download)

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Book Synopsis Introduction To Islamic Finance by : Dimas Bagus Wiranatakusuma Genevieve G. Panerio

Download or read book Introduction To Islamic Finance written by Dimas Bagus Wiranatakusuma Genevieve G. Panerio and published by CV. AZKA PUSTAKA. This book was released on 2024-01-24 with total page 322 pages. Available in PDF, EPUB and Kindle. Book excerpt: The objective of organizing economic activities in any nation is the production of products and services to satisfy human wants. In the modern era, however, where division of labor and specialization are on the rise, those who produce products and services are not typically the same as those who consume or use them. Consequently, it is necessary to substitute one commodity for another. Barter required a 'double coincidence of desires'; B needed to possess both what A desired and what A could offer in exchange. This arrangement restricted the types of transactions that could be conducted, occupied additional time that could have been spent on production, and impeded the specialization of production. The limitations that the barter system placed on human ambitions lead to the evolution of money.

Islamic Banking and Finance in South-East Asia

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Publisher : World Scientific
ISBN 13 : 9812773053
Total Pages : 259 pages
Book Rating : 4.8/5 (127 download)

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Book Synopsis Islamic Banking and Finance in South-East Asia by : Angelo M. Venardos

Download or read book Islamic Banking and Finance in South-East Asia written by Angelo M. Venardos and published by World Scientific. This book was released on 2006 with total page 259 pages. Available in PDF, EPUB and Kindle. Book excerpt: To truly understand the current interest in the development of Islamic banking and finance in South-East Asia and how it is different from the conventional banking system, one must first understand the religious relationship originating from the Qur''an, and then trace the historical geographic and political developments of Islam over recent centuries. Only on this basis can the reader, without prejudice or cynicism, begin to appreciate Shari''ah law and Islamic jurisprudence. With this platform established in the first part of the book, readers are invited to learn about the financial products and services offered, understand the challenges in their development, and ultimately recognize the significant opportunities that Islamic banking and finance can provide both Muslims and non-Muslims. This second edition contains updates of statistics and dates with regards to the development of Islamic banking in Malaysia, Singapore, Indonesia and Brunei. In particular, the chapter on Singapore details significant developments such as the direction which major banks are taking towards Islamic banking and the increase in Islamic banking products being offered. Although written by a non-Muslim author, this highly-regarded book is being translated into Arabic by a leading Islamic university in the Middle East. Sample Chapter(s). Chapter 1: Islamic History (699 KB). Contents: Islamic History; Shari''ah Law and Islamic Jurisprudence; Islamic Commerical Law; Islamic Financial Products; Issues and Challenges of Islamic Banking Today; Islam in South-East Asia; Colonial Legacies: Islam and State Law in South-East Asia; Islamic Banking in Malaysia; Islamic Banking in Indonesia; Labuan: A Niche in the Islamic Money Market; Islamic Banking in Brunei; Banking in Singapore. Readership: Investors; bankers; financial industry players; upper-level undergraduates and post graduate students in Islamic studies, banking and finance.

An Introduction to Islamic Finance

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Publisher : BRILL
ISBN 13 : 9004479910
Total Pages : 146 pages
Book Rating : 4.0/5 (44 download)

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Book Synopsis An Introduction to Islamic Finance by : Mufti Muhammad Taqi Usmani

Download or read book An Introduction to Islamic Finance written by Mufti Muhammad Taqi Usmani and published by BRILL. This book was released on 2021-10-18 with total page 146 pages. Available in PDF, EPUB and Kindle. Book excerpt: Although the principles of Shari'ah require banks and financial institutions to be structured on an interest-free basis, this does not mean that such institutions are charitable concerns. As long as a person advancing money expects to share in the profits earned (or losses incurred) by the other party, a stipulated proportion of profit is legitimate. The philosophy is enshrined in the traditional Islamic concepts of musharakah and mudarabah, along with their specialized modern variants murabahah, ijarah, salam, and istisna'. This invaluable guide to Islamic finance clearly delineates the all-important distinctions between Islamic practices and conventional procedures based on interest. Justice Usmani of Pakistan, who chairs several Shari'ah supervisory boards for Islamic banks, clearly explains the various modes of financing used by Islamic banks and non-banking financial institutions, emphasizing the necessary requirements for their acceptability from the Shari'ah standpoint and the correct method for their application. He deals masterfully with practical problems as they arise in the course of his presentation, and offers possible solutions in each instance.

The Art of Islamic Banking and Finance

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Publisher : John Wiley & Sons
ISBN 13 : 0470572612
Total Pages : 435 pages
Book Rating : 4.4/5 (75 download)

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Book Synopsis The Art of Islamic Banking and Finance by : Yahia Abdul-Rahman

Download or read book The Art of Islamic Banking and Finance written by Yahia Abdul-Rahman and published by John Wiley & Sons. This book was released on 2009-12-09 with total page 435 pages. Available in PDF, EPUB and Kindle. Book excerpt: A detailed look at the fast-growing field of Islamic banking and finance The Art of Islamic Banking and Finance is a modern American take on what it means to incorporate Islamic finance principles into everyday banking and investment techniques by introducing a new brand of banking for all people of all faiths: The Riba-Free (RF) banking. The author is considered the father of RF (Islamic) banking in America. He has been a banker and an Imam/scholar for over 40 years in America since 1968. He started the tedious process with a finance company, LARIBA, in Pasadena, California in 1987. This is the first book ever in the field to trace the origins of prohibiting the renting of money at a price called interest rate and over-indulging in debt. The book reviews in great details the theological foundations of prohibiting interest in the Jewish Bible, the Christian Bible, and the Qur'aan. The author then discusses money and how fiat money is created, the role of the Federal Reserve, and the banking system in America. The book also discusses for the first time ever how to include an important aspect of RF (Islamic) finance using commodity indexation and marking the items to be financed to market in order to avoid participating in economic "bubbles." The author discusses how these rules work, how they affect consumer behavior, and how they change the role of the banker/financier. Covers a new pioneering model that is based on the Law (Shari'aa) and how it is applied in every transaction from joint ventures and portfolio management to home mortgages and personal financing Shows how to incorporate the Law (Shari'aa) into American financing and banking systems Points to RF (Islamic) finance and banking as a way to emphasize socially responsible investing The Art of Islamic Banking and Finance also includes a discussion on the emergence of a culture of RF (Islamic) banking and finance today, which is based on the real Judeo-Christian-Islamic spirit and very effective when compared to twentieth-century models that use financial engineering and structuring techniques to circumvent the Law (Shari'aa). The book also includes case studies based on the actual experience of the author and detailed analysis of the superior results realized by applying this new brand of banking to financing.

Islamic Finance in a Nutshell

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Publisher : John Wiley & Sons
ISBN 13 : 0470710039
Total Pages : 370 pages
Book Rating : 4.4/5 (77 download)

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Book Synopsis Islamic Finance in a Nutshell by : Brian Kettell

Download or read book Islamic Finance in a Nutshell written by Brian Kettell and published by John Wiley & Sons. This book was released on 2011-10-20 with total page 370 pages. Available in PDF, EPUB and Kindle. Book excerpt: The recent turbulence in the global financial markets has drawn attention to an alternative system of financial intermediation: Islamic banking and finance, which has so far remained on the sidelines of the unrest. Islamic Finance in a Nutshell is a quick and easy guide to understanding the fundamentals of Islamic Finance and how the Islamic Financial markets work. Designed as a quick read for practitioners needing to pick up the basics of the industry, it will enable readers to understand the differences Islamic and Western finance. Starting with the rise of Islamic finance, the book highlights the key areas which practitioners need to grasp to understand the marketplace including financial statement analysis, Sharia’a law, making money in the absence of interest and regulation. The book also provides readers with a basic guide to Arab terminology and a guide to the top financial institutions within the Islamic markets. This is an ideal guide for anyone with an interest in how these financial markets work, but who do not want to be bogged down in complex and unnecessary terminology.

The Foundations of Islamic Economics and Banking

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Publisher : Partridge Singapore
ISBN 13 : 1482899221
Total Pages : 221 pages
Book Rating : 4.4/5 (828 download)

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Book Synopsis The Foundations of Islamic Economics and Banking by : Abdulrahman Haitham Shoukat Kabbara

Download or read book The Foundations of Islamic Economics and Banking written by Abdulrahman Haitham Shoukat Kabbara and published by Partridge Singapore. This book was released on 2014-05 with total page 221 pages. Available in PDF, EPUB and Kindle. Book excerpt: The first part of this book is designed to display the sources and principles of economics and trade transactions in the Islamic community. It analyzes the judicial injunctions against riba and proves that riba including interest is prohibited. Basing the argument on theoretical (Quran and Sunna) as well as the customary practice during the life of the messenger of God in Mekka and Al-Madina. Notably, the Islamic teachings covers both the worldly and religious affairs. This is a very revealing indication that "Islam" does not only regulate the relations of the human beings with God, but also extends to regulating (i) the relationship of the ruler with the ruled through "al-shura", and (ii) economic and financial transactions in the market. Notable among these transactions: a) the abolition of riba and instigating interest-free economy, (b) providing the basic needs of society, (c) achieving social justice by applying zakat levy and other ordinances, and last but not least inheritance law and redistribution of State land for public benefits. The second and third part of the book explains and proves that prohibition of riba does not circumvent trade or paralyze the economy. On the contrary by eliminating injustice inherent in riba, the banking system will be liberated from discrepancies and the economy will perform more efficiently by mitigating the evils of riba.

The Islamic Moral Economy

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Publisher : Universal-Publishers
ISBN 13 : 1599425394
Total Pages : 160 pages
Book Rating : 4.5/5 (994 download)

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Book Synopsis The Islamic Moral Economy by : Shafiel A. Karim

Download or read book The Islamic Moral Economy written by Shafiel A. Karim and published by Universal-Publishers. This book was released on 2010 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.