Rethinking Islamic Finance

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Publisher : Routledge
ISBN 13 : 1317064089
Total Pages : 112 pages
Book Rating : 4.3/5 (17 download)

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Book Synopsis Rethinking Islamic Finance by : Ayesha Bhatti

Download or read book Rethinking Islamic Finance written by Ayesha Bhatti and published by Routledge. This book was released on 2018-12-12 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt: Islamic finance’s phenomenal growth owes to the Shariah compliant nature of its financial instruments. Shariah forbids the charging of interest (Riba) and instead promulgates risk-sharing and trade-based modes of financing. The Islamic financial industry has been subject to both critique and admiration. Critics argue that Islamic instruments (bearing debt-based structures) differ from their conventional counterparts only in legal lexicon and not in economic impact. The admirers argue that such instruments, irrespective of wider economic implications, rigorously comply with ‘juristically sound’ Islamic principles. This book aims to reconcile the above dispute. It argues that the financial impact of instruments is a consequence of the way they are priced and structured. The similarity in pricing and structures is an outcome not of the underlying Islamic financial modes but of the competitive environment in which Islamic instruments compete. Even risk-sharing and trade-based Islamic structures, if implemented in such an environment, would have a financial impact similar to that of conventional instruments. This book has a wider appeal for both academic and non-academic audiences. It can complement undergraduate and graduate courses as an additional reading on the intricacies of Islamic financial instruments and markets. For PhD students, it would help identify future research areas. To non-academics, it offers a deeper understanding regarding the working of the Islamic finance industry.

Intermediate Islamic Finance

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Publisher : John Wiley & Sons
ISBN 13 : 1118990749
Total Pages : 416 pages
Book Rating : 4.1/5 (189 download)

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Book Synopsis Intermediate Islamic Finance by : Nabil Maghrebi

Download or read book Intermediate Islamic Finance written by Nabil Maghrebi and published by John Wiley & Sons. This book was released on 2016-01-06 with total page 416 pages. Available in PDF, EPUB and Kindle. Book excerpt: Explore Islamic finance at a deeper level Intermediate Islamic Finance: Theory and Practice fills the gap for students and professionals who are already familiar with the fundamentals of Islamic finance, but would like to gain an enhanced understanding of Islamic finance theories and practices. This comprehensive text provides you with coverage of global developments and describes the role of Islamic finance within the global finance community to guide you in your understanding of this important aspect of the international financial landscape. The book references advance concepts and specific problems in the practice of Islamic finance, provides suggested further readings for each chapter, offers details of advanced analysis, and presents key data in visual form via graphs, figures, and tables. Profound changes have taken place in the financial landscape over the past few decades, including major innovations in financial instruments and substantial changes in regulation. With global financial markets becoming increasingly important players in the industry, it is critical that today's financial professionals understand the essence and implications of key Islamic finance theories and practices. Build upon your fundamental understanding of Islamic finance Explore some areas of convergence and conflict between Islamic finance and conventional finance Strengthen the harmony between Islamic and conventional finance theories and their applications Prepare for a well-rounded career in finance by better understanding how Islamic finance principles apply Intermediate Islamic Finance: Theory and Practice is an essential text for graduate and post-graduate finance students, economists, researchers, bankers, financial regulators, policymakers, and members of the business community who want to develop a deeper understanding of Islamic finance theories and practices.

Islamic Finance: Issues in Sukuk and Proposals for Reform

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Author :
Publisher : Kube Publishing Ltd
ISBN 13 : 0860375781
Total Pages : 207 pages
Book Rating : 4.8/5 (63 download)

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Book Synopsis Islamic Finance: Issues in Sukuk and Proposals for Reform by : Mohammad Hashim Kamali

Download or read book Islamic Finance: Issues in Sukuk and Proposals for Reform written by Mohammad Hashim Kamali and published by Kube Publishing Ltd. This book was released on 2014-12-22 with total page 207 pages. Available in PDF, EPUB and Kindle. Book excerpt: This collection of essays brings together leading scholars and practitioners to discuss contemporary issues in the rapidly expanding sukuk market, and frankly debates the challenges facing it since the 2008 financial crisis. Highly recommended for practitioners, scholars, and students of Islamic finance. Professor Mohammad Hashim Kamali is the founding chairman and CEO of the International Institute of Advanced Islamic Studies (IAIS) in Malaysia, and is a leading authority in Islamic jurisprudence, Islamic finance, and human rights in Islamic law. A.K. Abdullah is an assistant research fellow at the IAIS.

Islamic Finance

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Publisher : Edward Elgar Publishing
ISBN 13 : 1786433508
Total Pages : 296 pages
Book Rating : 4.7/5 (864 download)

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Book Synopsis Islamic Finance by : Hans Visser

Download or read book Islamic Finance written by Hans Visser and published by Edward Elgar Publishing. This book was released on 2019-12-27 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this extensively updated third edition, Hans Visser explores the ideas and concepts that drive and shape Islamic finance. This incisive book reviews the products, institutions and markets offered by Islamic finance in the modern marketplace, offering a critical discussion of the ways in which fiscal and monetary policy can be adapted to Islamic financial institutions. Visser offers new directions for economics and finance students, as well as students of Islamic finance and Islam studies more broadly.

Rethinking Political Islam

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Publisher : Oxford University Press
ISBN 13 : 0190649224
Total Pages : 320 pages
Book Rating : 4.1/5 (96 download)

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Book Synopsis Rethinking Political Islam by : Shadi Hamid

Download or read book Rethinking Political Islam written by Shadi Hamid and published by Oxford University Press. This book was released on 2017-07-17 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: For years, scholars hypothesized about what Islamists might do if they ever came to power. Now, they have answers: confusing ones. In the Levant, ISIS established a government by brute force, implementing an extreme interpretation of Islamic law. On the opposite end of the spectrum, Tunisia's Ennahda Party governed in coalition with two secular parties, ratified a liberal constitution, and voluntarily stepped down from power. In Egypt, the Muslim Brotherhood, the world's oldest Islamist movement, won power through free elections only to be ousted by a military coup. The strikingly disparate results of Islamist movements have challenged conventional wisdom on political Islam, forcing experts and Islamists to rethink some of their most basic assumptions. In Rethinking Political Islam, two of the leading scholars on Islamism, Shadi Hamid and William McCants, have gathered a group of leading specialists in the field to explain how an array of Islamist movements across the Middle East and Asia have responded. Unlike ISIS and other jihadist groups that garner the most media attention, these movements have largely opted for gradual change. Their choices, however, have been reshaped by the revolutionary politics of the region. The groups depicted in the volume capture the contradictions, successes, and failures of Islamism, providing a fascinating window into a rapidly changing Middle East. It is the first book to systematically assess the evolution of mainstream Islamist groups since the Arab uprisings and the rise of ISIS, covering 12 country cases. In each instance, contributors address key questions, including: gradual versus revolutionary approaches to change; the use of tactical or situational violence; attitudes toward the nation-state; and how ideology, religion, and political variables interact. For the first time in book form, readers will also hear directly from Islamist activists and leaders themselves, as they offer their own perspectives on the future of their movements. Islamists will have the opportunity to challenge the assumptions and arguments of some of the leading scholars of Islamism, in the spirit of constructive dialogue. Rethinking Political Islam includes three of the most important country cases outside the Middle East-Indonesia, Malaysia, and Pakistan-allowing readers to consider a greater diversity of Islamist experiences. The book's contributors have immersed themselves in the world of political Islam and conducted original research in the field, resulting in rich accounts of what animates Islamist behavior.

Books-In-Brief: Rethinking Muslim Women & The Veil

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Author :
Publisher : International Institute of Islamic Thought (IIIT)
ISBN 13 : 1565643585
Total Pages : 37 pages
Book Rating : 4.5/5 (656 download)

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Book Synopsis Books-In-Brief: Rethinking Muslim Women & The Veil by : Katherine Bullock

Download or read book Books-In-Brief: Rethinking Muslim Women & The Veil written by Katherine Bullock and published by International Institute of Islamic Thought (IIIT). This book was released on 2010-01-01 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt: Until now the bulk of the literature about the veil has been written by outsiders who do not themselves veil. This literature often assumes a condescending tone about veiled women, assuming that they are making uninformed decisions choices about veiling makes them subservient to a patriarchal culture and religion. “Rethinking Muslim Women and the Veil” offers an alternative viewpoint, based on the thoughts and experiences of Muslim women themselves. This is the first time a clear and concise book-length argument has been made for the compatibility between veiling and modernity. Katherine Bullock uncovers positive aspects of the veil that are frequently not perceived by outsiders. “Rethinking Muslim Women and the Veil” looks at the colonial roots of the negative Western stereotype of the veil. It presents interviews with Muslim women to discover their thoughts and experiences with the veil in Canada. The book also offers a positive theory of veiling. The author argues that in consumer capitalist cultures, women can find wearing the veil a liberation from the stifling beauty game that promotes unsafe and unhealthy ideal body images for women. This book also includes an extensive bibliography on topics related to Muslim women and the veil.

The Stability of Islamic Finance

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Publisher : John Wiley & Sons
ISBN 13 : 1118178939
Total Pages : 249 pages
Book Rating : 4.1/5 (181 download)

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Book Synopsis The Stability of Islamic Finance by : Hossein Askari

Download or read book The Stability of Islamic Finance written by Hossein Askari and published by John Wiley & Sons. This book was released on 2011-11-09 with total page 249 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Stability of Islamic Finance main focus is on the question of the sources of financial instability which seems inherent in the conventional system. As a core component of this focus, the book will consider episodes of turbulence and instability in a historical context recalling the occurrence of such events from mid-19th century to the present. It will present various theoretical explanations along with solutions and alternative financial systems that avoid instability provided by various scholars dating back to mid-19th century to present. The book then will present and discuss the architecture of an Islamic financial system and show that at its core, this system shares many characteristics of an stable financial system proposed by Western scholars throughout history to avoid the inherent instability of the present dominant system. Particular emphasis will be placed on the present financial crisis and its causes as well the financial crisis of the 1997 in Southeast Asia, Russia, and Latin America relating these episodes to the fundamental features of the dominant system. The debt crisis of the low income countries will also be part of this discussion. It will then argue that these crises could be mitigated under an Islamic system or any other system with similar architecture.

An Introduction to Islamic Finance

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Author :
Publisher : Wiley
ISBN 13 : 9780470828083
Total Pages : 0 pages
Book Rating : 4.8/5 (28 download)

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Book Synopsis An Introduction to Islamic Finance by : Zamir Iqbal

Download or read book An Introduction to Islamic Finance written by Zamir Iqbal and published by Wiley. This book was released on 2011-08-09 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The first book to offer comprehensive coverage of Islamic finance and banking and its applications to the rest of the world, now fully revised and updated The ongoing international financial crisis has reignited debate over the development of a risk-sharing financial system, such as that required in Shariah Law. An Introduction to Islamic Finance: Theory and Practice, Second Edition highlights the core principles of risk sharing in Islam, arguing that a risk-sharing financial system is exactly what we need to promote greater financial stability. Providing comprehensive coverage of the fundamental theory behind Islamic finance and banking, according to the core concepts of Shariah law, authors Zamir Iqbal and Abbas Mirakhor clearly explain the distinct features of an Islamic financial system and how it compares with traditional financial models. Addressing the myriad important developments that have taken place in recent years, this second edition looks to the future, addressing emerging issues sure to influence future developments in Islamic finance. Explores the unique features of an Islamic financial system, how they compare to more traditional financial systems, and how they could improve them Discusses all the most recent developments and emerging issues in Islamic finance Updated with the latest developments, trends, innovations, and statistics, this new edition features additional chapters on the financial crisis, globalization, non-bank financial institutions, and recent developments in Takaful (Islamic insurance) The first edition of An Introduction to Islamic Finance established the book as the market leader, and this newly revised and updated second edition incorporates the most recent developments in this booming financial sector, including financial stability, globalization, and non-banking financial institutions.

Rethinking Sovereign Debt

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Publisher : Harvard University Press
ISBN 13 : 0674726405
Total Pages : 342 pages
Book Rating : 4.6/5 (747 download)

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Book Synopsis Rethinking Sovereign Debt by : Odette Lienau

Download or read book Rethinking Sovereign Debt written by Odette Lienau and published by Harvard University Press. This book was released on 2014-02-18 with total page 342 pages. Available in PDF, EPUB and Kindle. Book excerpt: Conventional wisdom holds that all nations must repay debt. Regardless of the legitimacy of the regime that signs the contract, a country that fails to honor its obligations damages its reputation. Yet should today's South Africa be responsible for apartheid-era debt? Is it reasonable to tether postwar Iraq with Saddam Hussein's excesses? Rethinking Sovereign Debt is a probing analysis of how sovereign debt continuity--the rule that nations should repay loans even after a major regime change, or else expect consequences--became dominant. Odette Lienau contends that the practice is not essential for functioning capital markets, and demonstrates its reliance on absolutist ideas that have come under fire over the last century. Lienau traces debt continuity from World War I to the present, emphasizing the role of government officials, the World Bank, and private markets in shaping our existing framework. Challenging previous accounts, she argues that Soviet Russia's repudiation of Tsarist debt and Great Britain's 1923 arbitration with Costa Rica hint at the feasibility of selective debt cancellation. Rethinking Sovereign Debt calls on scholars and policymakers to recognize political choice and historical precedent in sovereign debt and reputation, in order to move beyond an impasse when a government is overthrown.

Men in Charge?

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Publisher : Simon and Schuster
ISBN 13 : 1780747179
Total Pages : 304 pages
Book Rating : 4.7/5 (87 download)

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Book Synopsis Men in Charge? by : Ziba Mir-Hosseini

Download or read book Men in Charge? written by Ziba Mir-Hosseini and published by Simon and Schuster. This book was released on 2014-12-10 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: Both Muslims and non-Muslims see women in most Muslim countries as suffering from social, economic, and political discrimination, treated by law and society as second-class citizens subject to male authority. This discrimination is attributed to Islam and Islamic law, and since the late 19th century there has been a mass of literature tackling this issue. Recently, exciting new feminist research has been challenging gender discrimination and male authority from within Islamic legal tradition: this book presents some important results from that research. The contributors all engage critically with two central juristic concepts; rooted in the Qur’an, they lie at the basis of this discrimination. One refers to a husband’s authority over his wife, his financial responsibility toward her, and his superior status and rights. The other is male family members’ right and duty of guardianship over female members (e.g., fathers over daughters when entering into marriage contracts) and the privileging of fathers over mothers in guardianship rights over their children. The contributors, brought together by the Musawah global movement for equality and justice in the Muslim family, include Omaima Abou-Bakr, Asma Lamrabet, Ayesha Chaudhry, Sa‘diyya Shaikh, Lynn Welchman, Marwa Sharefeldin, Lena Larsen and Amina Wadud.

Case Studies in Islamic Banking and Finance

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Publisher : John Wiley & Sons
ISBN 13 : 1119990564
Total Pages : 193 pages
Book Rating : 4.1/5 (199 download)

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Book Synopsis Case Studies in Islamic Banking and Finance by : Brian Kettell

Download or read book Case Studies in Islamic Banking and Finance written by Brian Kettell and published by John Wiley & Sons. This book was released on 2011-10-07 with total page 193 pages. Available in PDF, EPUB and Kindle. Book excerpt: Case Studies in Islamic Banking and Finance is a pioneering resource that provides practical insights into the real world of Islamic financial transactions, and illustrates the complexities of this rapidly growing mode of modern finance. Based around 12 individual cases, the book stimulates discussion and develops the reader's understanding of Islamic finance by contrasting the theoretical concepts discussed in the author's companion text Introduction to Islamic Banking and Finance with practical real world situations. The cases cover core Islamic banking and finance topics including the Ijara, Mudaraba and Musharaka contracts; Islamic mortgages for home finance; leverage; and issues involved in opening an Islamic bank. Financial statement analysis for Islamic banks, the implications for fund management for equity investing and the impact of loan defaults on Islamic and conventional banks are also included. Each chapter concludes with a set of questions designed to test the reader's understanding of each case, with suggested solutions at the end of the book. This book is a must have resource for those wishing to apply their understanding of this complex subject and is an essential read for anyone seeking practical examples of how to apply the concepts in a real world environment.

The global financial crisis and the Islamic finance

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Author :
Publisher : Hussein Elasrag
ISBN 13 : 1508645434
Total Pages : 164 pages
Book Rating : 4.5/5 (86 download)

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Book Synopsis The global financial crisis and the Islamic finance by : Hussein Elasrag

Download or read book The global financial crisis and the Islamic finance written by Hussein Elasrag and published by Hussein Elasrag. This book was released on 2015-02-26 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt: While some have proposed that the Islamic finance serves as a vehicle for recovering from the international financial crisis and The Islamic banking industry may be able to strengthen its position in the international market as investors and companies seek alternate sources of financing. Other economists have argued that Islamic finance, is a different way of structuring financial dealings; but, it is not a totally different financial system. This book tries to note the main causes and the impacts of the current financial and economic crisis. In addition to discuss the belief that the Islamic finance and its prospective is a viable alternative to the ailing global financial system.

Islamic Finance

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Publisher : Marshall Cavendish International Asia Pte Ltd
ISBN 13 : 9814312444
Total Pages : 318 pages
Book Rating : 4.8/5 (143 download)

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Book Synopsis Islamic Finance by : Daud Vicary Abdullah

Download or read book Islamic Finance written by Daud Vicary Abdullah and published by Marshall Cavendish International Asia Pte Ltd. This book was released on 2010-03-15 with total page 318 pages. Available in PDF, EPUB and Kindle. Book excerpt: Though small in comparison with conventional finance, Islamic finance is at the threshold of serious expansion, growing at between 15–20 per cent a year. 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 book explains how conventional financial products work—from mortgages and leases to trade finance and insurance—before delving into their Islamic versions.

Social Capital and Risk Sharing

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Publisher : Springer
ISBN 13 : 1137476052
Total Pages : 209 pages
Book Rating : 4.1/5 (374 download)

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Book Synopsis Social Capital and Risk Sharing by : Abbas Mirakhor

Download or read book Social Capital and Risk Sharing written by Abbas Mirakhor and published by Springer. This book was released on 2015-09-01 with total page 209 pages. Available in PDF, EPUB and Kindle. Book excerpt: This exciting new addition to Palgrave Studies in Islamic Banking, Finance, and Economics argues that social capital can facilitate rule-compliance and co-operation in the sharing of risk in financial and economic activities.

Islamic Banking and Finance

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Author :
Publisher : Cambridge Scholars Publishing
ISBN 13 : 1443849995
Total Pages : 295 pages
Book Rating : 4.4/5 (438 download)

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Book Synopsis Islamic Banking and Finance by : Mondher Bellalah

Download or read book Islamic Banking and Finance written by Mondher Bellalah and published by Cambridge Scholars Publishing. This book was released on 2013-07-16 with total page 295 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Understanding Islamic Finance

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Publisher : John Wiley & Sons
ISBN 13 : 0470687711
Total Pages : 871 pages
Book Rating : 4.4/5 (76 download)

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Book Synopsis Understanding Islamic Finance by : Muhammad Ayub

Download or read book Understanding Islamic Finance written by Muhammad Ayub and published by John Wiley & Sons. This book was released on 2009-08-18 with total page 871 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Understanding Islamic Finance Muhammad Ayub introduces all the essential elements of this growing market by providing an in-depth background to the subject and clear descriptions of all the major products and processes associated with Islamic finance. Key features include: Discussion of the principles of Islamic finance; Introduction to the key products and procedures that International Financial Institutions are using or may adopt to fund a variety of clients ensuring Sharī ́ah compliance; Discussion of the role Islamic finance can play in the development of the financial system and of economies; Practical and operational examples that cover deposit and fund management by banks involving financing of various sectors of the economy, risk management, accounting treatment, and working of Islamic financial markets and instruments. This book is not only an important text for all banks and financial institutions entering this particular market with a commitment to building Islamic financial solutions, but is also essential reading for undergraduate and postgraduate students of Islamic finance.

Theory and Practice of Modern Islamic Finance

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Author :
Publisher : Universal-Publishers
ISBN 13 : 1599425173
Total Pages : 324 pages
Book Rating : 4.5/5 (994 download)

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Book Synopsis Theory and Practice of Modern Islamic Finance by : Abu Umar Faruq Ahmad

Download or read book Theory and Practice of Modern Islamic Finance written by Abu Umar Faruq Ahmad and published by Universal-Publishers. This book was released on 2009-12 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt: " ... 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 Islamc financial institutions."--Back cover.