Foundations of Islamic Governance

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Author :
Publisher : Routledge
ISBN 13 : 1315414635
Total Pages : 464 pages
Book Rating : 4.3/5 (154 download)

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Book Synopsis Foundations of Islamic Governance by : Maszlee Malik

Download or read book Foundations of Islamic Governance written by Maszlee Malik and published by Routledge. This book was released on 2016-12-19 with total page 464 pages. Available in PDF, EPUB and Kindle. Book excerpt: The aim of this book is to explore and analyze the Islamic axioms, foundation principles and values underpinning the field of governance in an attempt to construct the architectonics of a new systemic and dynamic theory and formulate the articulation of ‘Islamic governance’. This discursive and abstract, rather than being an empirical exercise, assumes to produce a ‘good governance’ framework within its own formulation through a value-shaped dynamic model according to maqasid al-Shari’ah (higher objective of Shari’ah) by going beyond the narrow remit of classical and contemporary discussions produced on the topic, which propose a certain institutional model of governance based on the classical juristic (fiqh) method. Through an exclusive analytical discursive approach in this book, readers will find that Islam as one of the major religions in the contemporary world with the claim of promising the underpinning principles and philosophical foundations of worldly affairs and institutions through a micro method of producing homoIslamicus could contribute towards development of societies by establishing a unique model of governance from its explicit ontological worldview through a directed descriptive epistemology.

Foundations of Shari'ah Governance of Islamic Banks

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Author :
Publisher : John Wiley & Sons
ISBN 13 : 1118460774
Total Pages : 402 pages
Book Rating : 4.1/5 (184 download)

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Book Synopsis Foundations of Shari'ah Governance of Islamic Banks by : Karim Ginena

Download or read book Foundations of Shari'ah Governance of Islamic Banks written by Karim Ginena and published by John Wiley & Sons. This book was released on 2015-04-06 with total page 402 pages. Available in PDF, EPUB and Kindle. Book excerpt: A practical guide for robust sharī'ah governance of the Islamic banking industry Debate in the market on the extent of sharī'ah compliance of Islamic banks, their products, and activities has piqued stakeholders' interest. In Foundations of Sharī'ah Governance of Islamic Banks, Karim Ginena and Azhar Hamid explore the depths of sharī'ah governance to unravel its mysterious dimensions, and equip academics and practitioners with a solid understanding of the subject, which has become a serious challenge and thus deserves dedicated attention. The authors make a strong case for the need to contain the sharī'ah risk that Islamic banks experience, and present a compelling argument for how this should be done. Ginena and Hamid propose a robust sharī'ah governance model that comprehensively tackles thisrisk, and helps improve the extent of sharī'ah compliance of market players. The authors detail the internal, external, and institutional arrangements needed to promote responsible sharī'ah governance, and critically analyze current laws, regulations, and industry practices on the topic. The chapters of the book do the following: Examine the roots, characteristics and objectives of sharī'ah and its relation to financial dealings; Probe the role of regulators in sharī'ah governance, explore the different approaches adopted by banking supervisors, and provide examples of relevant legal and regulatory measures; Explain to bank directors and management the fiduciary duty they assume with respect to sharī'ah compliance, and detail how they could discharge this responsibility in line with best practices; Elaborate on the purpose of the Sharī'ah Supervisory Board (SSB), its responsibilities, competence criteria, internal regulations, and key governance guidelines; additionally, they explore different SSB models; Describe the internal sharī'ah control system including its six components, and examine the internal sharī'ah audit function as well as different stages of conducting a sharī'ah audit; Clarify the role of a sharī'ah auditor, with guidance on reporting lines, scope of duties, authority, and practical ways on fulfilling tasks, such as a sample sharī'ah risk assessment grid and audit checklists; Discuss the newly emerging external sharī'ah advisory firms that are expected to play a key role in the coming years and the services they provide. Through an effective treatment of each of these elements, and the way that they interact with one another, the book offers a fresh take on how robust sharī'ah governance of Islamic banks can be successfully accomplished. It is a comprehensive resource for academics, regulators, directors, lawyers, auditors, consultants, employees, and customers of Islamic banks interested in learning more about these challenges. This essential reading persuasively extends the discourse on the subject and addresses critical sharī'ah issues that have policy implications for decision makers in jurisdictions aiming to attract the fast-growing Islamic finance industry or increase their market share.

Islam and the Foundations of Political Power

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Author :
Publisher : Edinburgh University Press
ISBN 13 : 0748689400
Total Pages : 183 pages
Book Rating : 4.7/5 (486 download)

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Book Synopsis Islam and the Foundations of Political Power by : Ali Abdel Razek

Download or read book Islam and the Foundations of Political Power written by Ali Abdel Razek and published by Edinburgh University Press. This book was released on 2013-09-24 with total page 183 pages. Available in PDF, EPUB and Kindle. Book excerpt: The translation of an essay first published in Egypt in 1925, which took the contemporaries of its author by storm. At a time when the Muslim world was in great turmoil over the question of the abolition of the caliphate by Mustapha Kamal Ataturk in Turke

Foundations of Shari'ah Governance of Islamic Banks

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Author :
Publisher : John Wiley & Sons
ISBN 13 : 1118460790
Total Pages : 402 pages
Book Rating : 4.1/5 (184 download)

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Book Synopsis Foundations of Shari'ah Governance of Islamic Banks by : Karim Ginena

Download or read book Foundations of Shari'ah Governance of Islamic Banks written by Karim Ginena and published by John Wiley & Sons. This book was released on 2015-03-09 with total page 402 pages. Available in PDF, EPUB and Kindle. Book excerpt: A practical guide for robust sharī'ah governance of the Islamic banking industry Debate in the market on the extent of sharī'ah compliance of Islamic banks, their products, and activities has piqued stakeholders' interest. In Foundations of Sharī'ah Governance of Islamic Banks, Karim Ginena and Azhar Hamid explore the depths of sharī'ah governance to unravel its mysterious dimensions, and equip academics and practitioners with a solid understanding of the subject, which has become a serious challenge and thus deserves dedicated attention. The authors make a strong case for the need to contain the sharī'ah risk that Islamic banks experience, and present a compelling argument for how this should be done. Ginena and Hamid propose a robust sharī'ah governance model that comprehensively tackles thisrisk, and helps improve the extent of sharī'ah compliance of market players. The authors detail the internal, external, and institutional arrangements needed to promote responsible sharī'ah governance, and critically analyze current laws, regulations, and industry practices on the topic. The chapters of the book do the following: Examine the roots, characteristics and objectives of sharī'ah and its relation to financial dealings; Probe the role of regulators in sharī'ah governance, explore the different approaches adopted by banking supervisors, and provide examples of relevant legal and regulatory measures; Explain to bank directors and management the fiduciary duty they assume with respect to sharī'ah compliance, and detail how they could discharge this responsibility in line with best practices; Elaborate on the purpose of the Sharī'ah Supervisory Board (SSB), its responsibilities, competence criteria, internal regulations, and key governance guidelines; additionally, they explore different SSB models; Describe the internal sharī'ah control system including its six components, and examine the internal sharī'ah audit function as well as different stages of conducting a sharī'ah audit; Clarify the role of a sharī'ah auditor, with guidance on reporting lines, scope of duties, authority, and practical ways on fulfilling tasks, such as a sample sharī'ah risk assessment grid and audit checklists; Discuss the newly emerging external sharī'ah advisory firms that are expected to play a key role in the coming years and the services they provide. Through an effective treatment of each of these elements, and the way that they interact with one another, the book offers a fresh take on how robust sharī'ah governance of Islamic banks can be successfully accomplished. It is a comprehensive resource for academics, regulators, directors, lawyers, auditors, consultants, employees, and customers of Islamic banks interested in learning more about these challenges. This essential reading persuasively extends the discourse on the subject and addresses critical sharī'ah issues that have policy implications for decision makers in jurisdictions aiming to attract the fast-growing Islamic finance industry or increase their market share.

Islam and Good Governance

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Author :
Publisher : Springer
ISBN 13 : 1137548320
Total Pages : 278 pages
Book Rating : 4.1/5 (375 download)

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Book Synopsis Islam and Good Governance by : M. A. Muqtedar Khan

Download or read book Islam and Good Governance written by M. A. Muqtedar Khan and published by Springer. This book was released on 2019-04-08 with total page 278 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book advances an Islamic political philosophy based on the concept of Ihsan, which means to do beautiful things. The author moves beyond the dominant model of Islamic governance advanced by modern day Islamists. The political philosophy of Ihsan privileges process over structure, deeds over identity, love over law and mercy and forgiveness over retribution. The work invites Muslims to move away from thinking about the form of Islamic government and to strive to create a self-critical society that defends national virtue and generates institutions and practices that provide good governance.

Constructing the Architectonics and Formulating the Articulation of Islamic Governance

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Author :
Publisher :
ISBN 13 :
Total Pages : 730 pages
Book Rating : 4.:/5 (757 download)

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Book Synopsis Constructing the Architectonics and Formulating the Articulation of Islamic Governance by : Maszlee Malik

Download or read book Constructing the Architectonics and Formulating the Articulation of Islamic Governance written by Maszlee Malik and published by . This book was released on 2011 with total page 730 pages. Available in PDF, EPUB and Kindle. Book excerpt: International institutions have promoted a?good governance? agenda as an archetypal model to achieve development for underdeveloped and developing countries. However, closer scrutiny can trace the root of this agenda back to the hegemonic nature of modernity that proposes a specific meta-narrative upon others, as part of Eurocentrism. Many, however, have criticized this Eurocentric paradigm, since the non-Western communities with their own constructed version of?good? in governance have also proven their ability to develop and prosper in the present or in the past. Thus, the cultural and value-laden nature of such vernacular concepts provides the rationale for the existence and practice of other paradigms. In line with this argument, Islam, with its long history of governance and richness of its values can be considered as another alternative, which should be thoroughly examined to disclose and depict its conceptualization and paradigm of?good governance?. The aim of this research, thus, is to explore and analyze the Islamic axioms, foundation principles and values underpinning the field of governance in an attempt to construct the architectonics of a new systemic and dynamic theory and formulate the articulation of?Islamic governance?. This discursive and abstract, rather than being an empirical exercise, assumes to produce a?good governance? framework within its own formulation through a value-shaped dynamic model according to maq??id al-Shar??ah (higher objective of Shar??ah) by going beyond the narrow remit of classical and contemporary discussions produced on the topic, which propose a certain institutional model of governance based on the classical juristic (fiqh) method. In this new dynamic paradigm, a discourse-oriented approach is taken to establish the philosophical foundation of the model by deriving it from Islamic ontology, which is then articulated using the Islamic epistemological sources to develop and formulate the discursive foundations of this new theoretical framework. A deductive method is applied to the ontological sources and epistemological principles to explain the architectonics of this new theory, which are represented by the constructed axioms, which later help to articulate the working mechanism of the proposed?Islamic good governance? framework through a specifically formulated typology to function as an alternative conceptualization of?good governance?. This study, through an exclusive analytical discursive approach, finds that Islam as one of the major religions in the contemporary world with the claim of promising the underpinning principles and philosophical foundations of worldly affairs and institutions through a micro method of producing homoIslamicus could contribute towards development of societies by establishing a unique model of governance from its explicit ontological worldview through a directed descriptive epistemology. Thus, the research on governance in this study does not only focus on the positivistic materialist components such as institutions or mechanisms or growth per se, but it encompasses the value-laden holistic nature of human life in accordance with the Islamic worldview as an important contribution. In doing so, it formulates the?good governance? in Islam in relation to the conceptualized?ihsani social capital?, which constitutes the main thrust of the constructed model. Nonetheless, this generative (non-cumulative) paradigm of looking into the governance issue should be viewed as an incomplete certainty as production of the continuous ijtihad (reasoning) progression will continue to reveal ways through which its working mechanism can be expanded along with potential developments in its philosophical formation.

Islamic Political Thought and Governance

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Author :
Publisher :
ISBN 13 : 9780415549363
Total Pages : 1593 pages
Book Rating : 4.5/5 (493 download)

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Book Synopsis Islamic Political Thought and Governance by : Abdullah Saeed

Download or read book Islamic Political Thought and Governance written by Abdullah Saeed and published by . This book was released on 2011 with total page 1593 pages. Available in PDF, EPUB and Kindle. Book excerpt: Islam has had a significant impact on world history, not only as a major religion that has directed the personal beliefs and actions of individuals, but also as the basis of a distinct system of government that has developed its own institutions, practices and philosophies. This new Routledge Major Work collection is concerned with the development of political thought in Islam. By political thought is meant, broadly, the study and interpretation of Islamic political culture, ideas, beliefs, and institutions; the contribution of key political theorists and authorities to the understanding or practice of governance; what people and groups believed about political authority and institutions and their political convictions; and how politics in the Islamic world has related to and interacted with other disciplines, such as religion, law, ethics, and philosophy. Although contemporary issues in Islamic political thought are very much in the public focus at the moment, this set also focuses on the history and development of Islamic political theories and thought, from their inception until the twentieth century. Political thought in the Muslim world is connected to its history and by understanding the past, those who study contemporary political thought will have a better grounding to understand current and future developments. Moreover, understanding how Islamic political thought developed also helps shed light on the political thought of other civilizations, such as Western political thought. Political thought in Islam did not develop in isolation it responded to and interacted with the political institutions and theories of other civilizations throughout history.

The Principles of State and Government in Islam

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Author :
Publisher :
ISBN 13 : 9781614279440
Total Pages : 122 pages
Book Rating : 4.2/5 (794 download)

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Book Synopsis The Principles of State and Government in Islam by : Muhammad Asad

Download or read book The Principles of State and Government in Islam written by Muhammad Asad and published by . This book was released on 2016-03-13 with total page 122 pages. Available in PDF, EPUB and Kindle. Book excerpt: 2016 Reprint of 1961 Edition. Full facsimile of the original edition, not reproduced with Optical Recognition Software. Although the Muslims are for the most part imbued with enthusiasm for the idea of a truly Islamic state - that is, a state based not on the concepts of nationality and race but solely on the ideology of the Qur'an and Sunnah, they have as yet not realized a concrete vision of this form of government embodying a distinctly Islamic character. The very fact that none of the existing Muslim countries has so far achieved a form of government that could be termed genuinely Islamic, makes a discussion of the principle which ought to underlie the constitution of Islamic state imperative. By surveying nearly fourteen hundred years-beginning with the "Hijra," the formal origin of the Islamic calendar-this book demonstrates how manifold forms of the Islamic state may emerge from Islamic foundations, and how, essentially, any state that emerges, to be truly Islamic, must incorporate the doctrine of government by consent and counsel.

Islamic Government

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Publisher :
ISBN 13 : 9781494871925
Total Pages : 166 pages
Book Rating : 4.8/5 (719 download)

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Book Synopsis Islamic Government by : Ayatullah Ruhullah Khomeini

Download or read book Islamic Government written by Ayatullah Ruhullah Khomeini and published by . This book was released on 2014-01-02 with total page 166 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is one of the many Islamic publications distributed by Ahlulbayt Organization throughout the world in different languages with the aim of conveying the message of Islam to the people of the world.You may read this book carefully and should you be interested to have further study on such publications you can contact us through www.shia.es Naturally, if we find you to be a keen and energetic reader we shall give you a deserving response in sending you some other publications of this Organization.

Islamic Government

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Publisher : Gyan Publishing House
ISBN 13 : 9788182054820
Total Pages : 360 pages
Book Rating : 4.0/5 (548 download)

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Book Synopsis Islamic Government by : A.H. Qasmi

Download or read book Islamic Government written by A.H. Qasmi and published by Gyan Publishing House. This book was released on 2008 with total page 360 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a mini encyclopaedia of Islamic governments around the globe. It deals with the Islamic concept of state starting from Caliphate, system of Islamic governance, morals, charter for governance, believers, rights, non-believers rights, seat of power, no-war tact, possession of Mecca and law and order etc.

The Foundations of Islamic Banking

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Author :
Publisher : Edward Elgar Publishing
ISBN 13 : 1849807930
Total Pages : 297 pages
Book Rating : 4.8/5 (498 download)

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Book Synopsis The Foundations of Islamic Banking by : Mohamed Ariff

Download or read book The Foundations of Islamic Banking written by Mohamed Ariff and published by Edward Elgar Publishing. This book was released on 2011-01-01 with total page 297 pages. Available in PDF, EPUB and Kindle. Book excerpt: After barely half a century of experience, Islamic banking has become established as a new niche industry across the world offering new and sophisticated financial products designed to be compliant with the principles of Islamic legal principles and common law. This comprehensive book explores the theory, principles and practices underpinning this rapidly expanding sector of banking. Expert contributors ¿ including eminent scholars and senior practitioners in the field ¿ examine the roots of the principles of ethical Islamic financial transactions, which have evolved over several millennia, on issuesincluding usury, interest rates, financial contracting for funding enterprises, for mortgages, for leasing and other financial transactions. Regulatory and governance issues are discussed, and the practice and operation of Islamicfinancial institutions are explained via three distinct case studies. Importantly, the final chapter looks at what steps are being taken to provide professional accreditation to Islamic banking professional personnel, and prescribes requirements for training in this growing industry.

Principles of the Islamic Political System

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Author :
Publisher : Independently Published
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.3/5 (33 download)

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Book Synopsis Principles of the Islamic Political System by : Tanveer Hussain

Download or read book Principles of the Islamic Political System written by Tanveer Hussain and published by Independently Published. This book was released on 2024-07-14 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Unveil the core of an ideal governance system with "Principles of the Islamic Political System" by Dr. Tanveer Hussain. This concise yet profound booklet delves into the foundational principles of Islamic political thought, offering a fresh perspective on justice, equality, liberty, and divine guidance. Key Highlights: Foundations of Islamic Governance: Explore the core beliefs and ideologies that define an Islamic republic, grounded in divine law. Goals and Social Contract: Understand the ultimate objectives of peace, security, and human development, framed by the divine covenant. Liberty and Secularism: Discover the balance between individual freedom and state intervention, and the Islamic view on secularism and religious freedom. Justice and Equality: Learn about the pillars of justice and equality that ensure a fair and inclusive society. Public Participation and Women's Role: See the emphasis on community involvement and the significant role of women in governance. Sovereignty and Authority: Grasp the principles of divine sovereignty and the importance of limited government. This booklet is an essential read for students, scholars, and anyone interested in alternative governance models. Dr. Tanveer Hussain's insightful analysis provides a valuable understanding of how Islamic principles can address contemporary political challenges. Transform your understanding of governance with "Principles of the Islamic Political System." Get your copy today and explore a path to peace, prosperity, and justice for all.

The Impossible State

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Publisher : Columbia University Press
ISBN 13 : 0231530862
Total Pages : 273 pages
Book Rating : 4.2/5 (315 download)

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Book Synopsis The Impossible State by : Wael B. Hallaq

Download or read book The Impossible State written by Wael B. Hallaq and published by Columbia University Press. This book was released on 2012-11-20 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt: Wael B. Hallaq boldly argues that the "Islamic state," judged by any standard definition of what the modern state represents, is both impossible and inherently self-contradictory. Comparing the legal, political, moral, and constitutional histories of premodern Islam and Euro-America, he finds the adoption and practice of the modern state to be highly problematic for modern Muslims. He also critiques more expansively modernity's moral predicament, which renders impossible any project resting solely on ethical foundations. The modern state not only suffers from serious legal, political, and constitutional issues, Hallaq argues, but also, by its very nature, fashions a subject inconsistent with what it means to be, or to live as, a Muslim. By Islamic standards, the state's technologies of the self are severely lacking in moral substance, and today's Islamic state, as Hallaq shows, has done little to advance an acceptable form of genuine Shari'a governance. The Islamists' constitutional battles in Egypt and Pakistan, the Islamic legal and political failures of the Iranian Revolution, and similar disappointments underscore this fact. Nevertheless, the state remains the favored template of the Islamists and the ulama (Muslim clergymen). Providing Muslims with a path toward realizing the good life, Hallaq turns to the rich moral resources of Islamic history. Along the way, he proves political and other "crises of Islam" are not unique to the Islamic world nor to the Muslim religion. These crises are integral to the modern condition of both East and West, and by acknowledging these parallels, Muslims can engage more productively with their Western counterparts.

Islamic State

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Author :
Publisher : One Billion Knowledgeable
ISBN 13 :
Total Pages : 786 pages
Book Rating : 4.:/5 (661 download)

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Book Synopsis Islamic State by : Fouad Sabry

Download or read book Islamic State written by Fouad Sabry and published by One Billion Knowledgeable. This book was released on 2024-09-04 with total page 786 pages. Available in PDF, EPUB and Kindle. Book excerpt: Unlock a deeper understanding of the intricate relationship between religion and politics with "Islamic State," a key volume in the "Political Science" series. This comprehensive guide explores Islamic states, their governance, legal frameworks, and global impact. Ideal for professionals, students, and enthusiasts, it provides advanced insights into this complex topic. 1-Islamic State-Explore the concept, characteristics, and historical models of an Islamic state. 2-History of Islam-Trace Islam’s origins, evolution, and its impact on political structures. 3-Islamism-Examine Islamism’s rise, ideological basis, and its influence on politics. 4-Political Aspects of Islam-Investigate the integration of Islamic principles into political systems and Sharia law. 5-Caliphate-Explore interpretations of the Caliphate and its role in Islamic state formation. 6-Ottoman Caliphate-Study the Ottoman Caliphate's governance and its historical impact. 7-List of Muslim Military Leader-Discover influential Muslim leaders and their impact on Islamic history. 8-Criticism of Islamism-Address debates and controversies surrounding Islamism. 9-Outline of Islam-Get an overview of Islamic teachings, practices, and sects. 10-The Caliphate or the Supreme Imamate-Analyze the roles of the Caliphate and Supreme Imamate in Islamic governance. 11-Sultan-Learn about the Sultan’s role and significance in Islamic history. 12-Shura-Understand Shura (consultation) and its role in Islamic decision-making. 13-Vizier-Investigate the Vizier’s position and its role in Islamic governance. 14-Pan-Islamism-Explore Pan-Islamism’s ideology and its impact on Islamic unity. 15-Ahmadiyya Caliphate-Study the unique features and development of the Ahmadiyya Caliphate. 16-Islam and Democracy-Examine how Islamic states integrate democratic values. 17-Index of Islam-Related Articles-Utilize this index for key articles and sources on Islam and Islamic states. 18-Amir al-Mu'minin-Learn about the title Amir al-Mu'minin and its significance. 19-Islamic Flag-Discover the symbolism and history of the Islamic flag. 20-Al-Dawla-Explore the concept of Al-Dawla (the state) in Islamic context. 21-Abbasid Dynasty-Examine the Abbasid Dynasty's contributions to governance and culture. "Islamic State" provides essential insights into Islamic governance and its global impact. Enhance your understanding of political Islam with this comprehensive guide.

Islamic Law and Governance in Contemporary Iran

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Author :
Publisher : Lexington Books
ISBN 13 : 1498507573
Total Pages : 387 pages
Book Rating : 4.4/5 (985 download)

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Book Synopsis Islamic Law and Governance in Contemporary Iran by : Mehran Tamadonfar

Download or read book Islamic Law and Governance in Contemporary Iran written by Mehran Tamadonfar and published by Lexington Books. This book was released on 2015-05-20 with total page 387 pages. Available in PDF, EPUB and Kindle. Book excerpt: The current rise of Islamism throughout the Muslim world, Islamists’ demand for the establishment of Islamic states, and their destabilizing impact on regional and global orders have raised important questions about the origins of Islamism and the nature of an Islamic state. Beginning with the Iranian revolution of the late 1970s and the establishment of the Islamic Republic to today’s rise of ISIS to prominence, it has become increasingly apparent that Islamism is a major global force in the twenty-first century that demands acknowledgment and answers. As a highly-integrated belief system, the Islamic worldview rejects secularism and accounts for a prominent role for religion in the politics and laws of Muslim societies. Islam is primarily a legal framework that covers all aspects of Muslims’ individual and communal lives. In this sense, the Islamic state is a logical instrument for managing Muslim societies. Even moderate Muslims who genuinely, but not necessarily vociferously, challenge the extremists’ strategies are not dismissive of the political role of Islam and the viability of an Islamic state. However, sectarian and scholastic schisms within Islam that date back to the prophet’s demise do undermine any possibility of consensus about the legal, institutional, and policy parameters of the Islamic state. Within its Shi’a sectarian limitations, this book attempts to offer some answers to questions about the nature of the Islamic state. Nearly four decades of experience with the Islamic Republic of Iran offers us some insights into such a state’s accomplishments, potentials, and challenges. While the Islamic worldview offers a general framework for governance, this framework is in dire need of modification to be applicable to modern societies. As Iranians have learned, in the realm of practical politics, transcending the restrictive precepts of Islam is the most viable strategy for building a functional Islamic state. Indeed, Islam does provide both doctrinal and practical instruments for transcending these restrictions. This pursuit of pragmatism could potentially offer impressive strategies for governance as long as sectarian, scholastic, and autocratic proclivities of authorities do not derail the rights of the public and their demand for an orderly management of their societies.

State and Government in Medieval Islam

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Author :
Publisher : Psychology Press
ISBN 13 : 9780197136003
Total Pages : 386 pages
Book Rating : 4.1/5 (36 download)

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Book Synopsis State and Government in Medieval Islam by : Ann K. S. Lambton

Download or read book State and Government in Medieval Islam written by Ann K. S. Lambton and published by Psychology Press. This book was released on 1981 with total page 386 pages. Available in PDF, EPUB and Kindle. Book excerpt: First Published in 2004. Routledge is an imprint of Taylor & Francis, an informa company.

Foundations of Shari'ah Governance of Islamic Banks

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Author :
Publisher :
ISBN 13 :
Total Pages : 408 pages
Book Rating : 4.:/5 (113 download)

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Book Synopsis Foundations of Shari'ah Governance of Islamic Banks by : Karim Ginena

Download or read book Foundations of Shari'ah Governance of Islamic Banks written by Karim Ginena and published by . This book was released on 2015 with total page 408 pages. Available in PDF, EPUB and Kindle. Book excerpt: A practical guide for robust sharī'ah governance of the Islamic banking industry Debate in the market on the extent of sharī'ah compliance of Islamic banks, their products, and activities has piqued stakeholders' interest. In Foundations of Sharī'ah Governance of Islamic Banks , Karim Ginena and Azhar Hamid explore the depths of sharī'ah governance to unravel its mysterious dimensions, and equip academics and practitioners with a solid understanding of the subject, which has become a serious challenge and thus deserves dedicated attention. The authors make a strong case for the need to contain the sharī'ah risk that Islamic banks experience, and present a compelling argument for how this should be done. Ginena and Hamid propose a robust sharī'ah governance model that comprehensively tackles thisrisk, and helps improve the extent of sharī'ah compliance of market players. The authors detail the internal, external, and institutional arrangements needed to promote responsible sharī'ah governance, and critically analyze current laws, regulations, and industry practices on the topic. The chapters of the book do the following: Examine the roots, characteristics and objectives of sharī'ah and its relation to financial dealings; Probe the role of regulators in sharī'ah governance, explore the different approaches adopted by banking supervisors, and provide examples of relevant legal and regulatory measures; Explain to bank directors and management the fiduciary duty they assume with respect to sharī'ah compliance, and detail how they could discharge this responsibility in line with best practices; Elaborate on the purpose of the Sharī'ah Supervisory Board (SSB), its responsibilities, competence criteria, internal regulations, and key governance guidelines; additionally, they explore different SSB models; Describe the internal sharī'ah control system including its six components, and examine the internal sharī'ah audit function as well as different stages of conducting a sharī'ah audit; Clarify the role of a sharī'ah auditor, with guidance on reporting lines, scope of duties, authority, and practical ways on fulfilling tasks, such as a sample sharī'ah risk assessment grid and audit checklists; Discuss the newly emerging external sharī'ah advisory firms that are expected to play a key role in the coming years and the services they provide. Through an effective treatment of each of these elements, and the way that they interact with one another, the book ...