Contemporary Issues In Islamic Social Finance

Author : Hussain Mohi-ud-Din Qadri,M. Ishaq Bhatti
Publisher : Routledge
Page : 389 pages
File Size : 55,8 Mb
Release : 2021-08-11
Category : Business & Economics
ISBN : 9781000426229

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Contemporary Issues in Islamic Social Finance by Hussain Mohi-ud-Din Qadri,M. Ishaq Bhatti Pdf

The development of Islamic banking and finance (IBF) previously centred around three regions of the world: the Middle East, Southeast Asia, and South Asia. However, in recent years, this has expanded, as interest in IBF has gained momentum in Australia, the USA, and Europe, especially in the UK. Several Western market players have established their own Islamic window or subsidiaries to cater to the need of growing Muslim populations in these regions. This book examines the recent developments in IBF, particularly in the context of Islamic social finance instruments, such as Islamic microfinance, halal education, takaful, mutual funds, and waqf. It covers the religiosity, spirituality, and tawhid index, which promotes social well-being and empowerment. The book is interdisciplinary, and theories, practice, and key issues are presented simultaneously, introducing new ideas and techniques to the IBF community. Moreover, the book examines topics such as innovation in Islamic social finance instruments, advanced techniques of risk mitigation in Islamic capital markets, marketing and the halal industry, and shari’ah-compliant instruments, which are critical to Islamic finance. The book is an essential reference text for academics and research students at the master’s and doctorate levels in IBF.

Author : Dr. Saad Al-Harran, Alfred Yong Foh Se
Publisher : Xlibris Corporation
Page : 108 pages
File Size : 49,5 Mb
Release : 2008-09-27
Category : Business & Economics
ISBN : 9781477175392

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Current Issues in Islamic Banking & Finance by Dr. Saad Al-Harran, Alfred Yong Foh Se Pdf

Islamic finance with social responsibility (IFSR) is the new theme of this book. It has been introduced to the general public and is now being promoted by the author through his own writing on Islamic Finance News. I am thankful to its chairman who encourages me to continue writing so those in power in Islamic finance institutions can benefit from my expertise and knowledge in this field. I hope some of my innovative business ideas that I promote in this book will be implemented in order to give hopes to young generation that IFSR is the new vehicle for change for the betterment of mankind in this universe. The main purpose behind introducing the new concept (IFSR) is the food crisis that hurts the poor and needy badly and has now started to adversely affect a wider segment of societies in Asia, Africa, and Middle East due to soaring food costs and the rise of inflation that may trigger civil unrest in many parts of the Muslim world (MW). The cause’s of the surge in food crisis is the massive production of biofuels, which is “a crime against humanity” according to a UN official because of its impact on global food prices that has completely ruined agriculture and will starve millions of people.

Author : Andrew C. Worthington
Publisher : Nova Science Publishers
Page : 0 pages
File Size : 43,8 Mb
Release : 2014
Category : Finance
ISBN : 1629489050

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Contemporary Issues in Islamic Finance by Andrew C. Worthington Pdf

Islamic finance is one of the fastest growing segments in the global financial market. However, while the principles and concepts of Islamic finance date since the founding of Islam, it is only recently that widespread application and practice has developed. Further, while predominately Muslim countries obviously fuel the growth of Islamic finance world-wide, both Islamic and conventional financial institutions in countries with smaller Muslim populations, including the UK, the US, and in Europe, are increasingly providing Shariah-compliant financial products and services. The recent global financial crisis especially has encouraged customers and regulators in many countries to consider Islamic finance as an alternative to conventional financial systems. This book compiles recent and cutting edge research in Islamic finance, including Islamic banking, and provides a useful starting point for discussion and policy formulation for academic, industry and government researchers, practitioners, policymakers, and students alike throughout the world. Contributors to the volume include academics with Islamic finance expertise and practitioners and policymakers with a long history of involvement in the sector from across four countries. This mix ensures that the book has comprehensive coverage of many of the issues involved, is highly accessible to the professional and non-professional reader alike, and that it will serve as an authoritative source of information on Islamic finance for years to come.

Author : Kassim, Salina,Othman, Anwar Hasan Abdullah,Haron, Razali
Publisher : IGI Global
Page : 410 pages
File Size : 53,5 Mb
Release : 2021-04-30
Category : Business & Economics
ISBN : 9781799868132

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Handbook of Research on Islamic Social Finance and Economic Recovery After a Global Health Crisis by Kassim, Salina,Othman, Anwar Hasan Abdullah,Haron, Razali Pdf

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

Author : Flavia Cortelezzi,Alessandro Ferrari
Publisher : Taylor & Francis
Page : 197 pages
File Size : 48,5 Mb
Release : 2022-08-12
Category : Business & Economics
ISBN : 9781000689136

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Contemporary Issues in Islamic Law, Economics and Finance by Flavia Cortelezzi,Alessandro Ferrari Pdf

This book explores how Islam can impact the structures and performance of firms, financial institutions and capital markets across a range of countries and industries. The Islamic finance industry represents an important reality not only because of the oil wealth of the Gulf states, which have fueled demand for such financial services, but also for an increased demand from a growing Muslim population in the West that aspires to express a full and all-inclusive religious identity. The increased demand for Muslim financial institutions has prompted Western non-Islamic firms to begin providing these services in an interesting effort of acculturation to the new plural scenario. By adopting a multidisciplinary approach, which also takes into account the theological, legal and geopolitical framework, the book offers a comprehensive picture of Islamic financial tools, contracts and business opportunities. Drawing on different fields of expertise, it deals with various themes, such as the theological roots of Islamic economics and finance and its geopolitical impact; the EU policy of cooperation with MENA and GCC countries; the instruments of Islamic finance, its legal principle and ability to become an instrument for enhancing business opportunities; the functioning of Islamic banks; the development of capital markets within a financial model influenced by religious constraints and, finally, the new relationships of this religious financial system with Western legal systems. The book thus provides a complete and extensive overview of the practice of Islamic finance through the lenses offered by studies of economics and management. Providing a careful analysis and an integrated framework of geo-economic and political issues, the book will be a valuable resource for academics, researchers and professionals in International Business, Entrepreneurship and Small Business Management, Law and Religion and Intercultural Studies.

Author : Mohd Ma'Sum Billah
Publisher : Routledge
Page : 991 pages
File Size : 50,9 Mb
Release : 2020-09-14
Category : Business & Economics
ISBN : 9781000176216

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Awqaf-led Islamic Social Finance by Mohd Ma'Sum Billah Pdf

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

Author : Zulkarnain Bin Muhamad Sori, Sazali Bin Abdul Wahab, Mahmoud Al Homsi
Publisher : Penerbit UMK
Page : 187 pages
File Size : 44,7 Mb
Release : 2020-12-01
Category : Law
ISBN : 8210379456XXX

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CONTEMPORARY ISSUES IN FINANCIAL REPORTING OF ISLAMIC FINANCIAL INSTITUTIONS (Penerbit UMK) by Zulkarnain Bin Muhamad Sori, Sazali Bin Abdul Wahab, Mahmoud Al Homsi Pdf

This book presents contemporary issues in financial reporting of Islamic financial institutions. Two key areas are covered namely, accounting for Islamic financial transactions and shariah governance. The main motivation to publish this book is to share our understanding on the unique nature of Islamic finance industry and the approach to be taken in accounting and reporting of Islamic financial transactions. Also, the book illustrate the importance of shariah governance in ensuring end-to-end shariah compliance. This book is to provide a practical guidance to researchers, industry practitioners and the others stakeholders.

Author : Velid Efendić,Fikret Hadžić,Hylmun Izhar
Publisher : Springer
Page : 236 pages
File Size : 50,5 Mb
Release : 2017-05-04
Category : Business & Economics
ISBN : 9783319450292

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Critical Issues and Challenges in Islamic Economics and Finance Development by Velid Efendić,Fikret Hadžić,Hylmun Izhar Pdf

This book explores contemporary issues and trends facing Islamic banks, businesses and economies as presented at the International Conference of Islamic Economics, Banking and Finance. The authors leverage current empirical research and statistics to provide unique and fresh perspectives on the changing world of Islamic finance. They focus specifically on to the implementation of Islamic financial instruments and services in global capital markets and how their success can be evaluated. Chapters feature case studies from all over the world including examples from Afghanistan, Bosnia and Herzegovina and the United Kingdom, to name a few. The breadth and immediacy of the research presented by the authors will appeal to practitioners and scholars alike. The global outlook and rich data-based approach adopted in this book guarantee that it is a timely and valuable addition to the field of Islamic finance.

Author : Anonim
Publisher : Unknown
Page : 128 pages
File Size : 46,8 Mb
Release : 2024-06-02
Category : Electronic
ISBN : 9789814470117

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Current Issues in Islamic Banking and Finance by Anonim Pdf

Author : Angelo M. Venardos
Publisher : World Scientific
Page : 328 pages
File Size : 53,8 Mb
Release : 2010
Category : Business & Economics
ISBN : 9789812833938

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Current Issues in Islamic Banking and Finance by Angelo M. Venardos Pdf

The phenomenal worldwide development over the past decade of Islamic banking and finance is drawing much attention to South East Asia, which, on the platform of its own economic growth success, is also proving to be the gateway for Middle Eastern petrodollar investments into the two great emerging markets of India and China. This book provides a timely examination of the issues confronting this US$300-US$500 billion market growing at 15 per cent - 20 per cent per annum, with reviews of the different financial markets, be they capital (sukuk), retail or wealth management.It further includes reviews from the various jurisdictions including Malaysia (the front-runner), Singapore (the regional financial hub), Brunei (an offshore Islamic market player) and the sleeping giant, Indonesia, as well as newly emerging participants such as Japan and the United States. Contributors, all well-known leading practitioners in their fields, range from lawyers, accountants, bankers and educators to policy advisors, and come from institutions like CIMB, Kuwait Finance House, OCBC Bank and PricewaterhouseCoopers, among others.This book, the first of its kind, will be of great benefit to those seeking to better understand current developments and issues affecting Islamic banking in South East Asia, from both global and regional perspectives.

Author : Sherin Kunhibava
Publisher : Springer Nature
Page : 177 pages
File Size : 48,5 Mb
Release : 2024-06-02
Category : Electronic
ISBN : 9789819714100

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Islamic Social Finance by Sherin Kunhibava Pdf

Author : M. Kabir Hassan,Aishath Muneeza,Adel M. Sarea
Publisher : Routledge
Page : 242 pages
File Size : 46,7 Mb
Release : 2021-03-08
Category : Business & Economics
ISBN : 9781000356212

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COVID-19 and Islamic Social Finance by M. Kabir Hassan,Aishath Muneeza,Adel M. Sarea Pdf

It is said that the COVID-19 pandemic has turned back the poverty clock. As such, there is a need to have social mechanisms put in place to provide relief to those who are affected in this regard. Islamic social finance consists of tools and institutions that could be used to alleviate poverty. This book explores the impact of COVID-19 on Islamic finance to better understand the effectiveness of Islamic social finance in helping those who have been affected by poverty overnight due to the halt in all major economic activities in the context of the pandemic. Since the struggle against poverty in each country will be different, the book attempts to shed light on the experiences of different countries by presenting successful models of Islamic social finance. The book first looks at poverty and COVID-19 before delving into the role of Islamic social financial institutions and how they have risen against COVID-19. The book concludes by examining the impact of COVID-19 on Islamic microfinance. This book is the first of its kind on the subject of COVID-19, and it intends to bridge the gap in the literature.

Author : Hussein Elasrag
Publisher : Independently Published
Page : 361 pages
File Size : 43,7 Mb
Release : 2019-12-08
Category : Electronic
ISBN : 1672909724

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Contemporary Islamic Finance by Hussein Elasrag Pdf

Islamic finance is the only example of a financial system directly based on the ethical precepts of a major religion, providing not only investment guidelines but also a set of unique investment and financing products. Islamic finance is based on Shari'a, the Islamic law that provides guidelines for multiple aspects of Muslim life. The Islamic financial industry is playing a pivotal role in the global economy in general. This book discusses the development of Islamic finance; Explore the challenges of Small and Medium Enterprises funding , Corporate governance and Corporate social responsibility in Islamic finance. The book also discusses the existing use of blockchains in Islamic finance.

Author : Valentino Cattelan
Publisher : Routledge
Page : 222 pages
File Size : 54,9 Mb
Release : 2018-08-06
Category : Business & Economics
ISBN : 9781351987431

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Islamic Social Finance by Valentino Cattelan Pdf

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

Author : Syed Aun R. Rizvi,Irum Saba
Publisher : Springer
Page : 178 pages
File Size : 43,7 Mb
Release : 2017-08-03
Category : Business & Economics
ISBN : 9783319593425

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Developments in Islamic Finance by Syed Aun R. Rizvi,Irum Saba Pdf

This book presents empirical research that addresses the latest issues and innovative products in Islamic banking and finance around the world. Chapters from expert contributors cover a wide range of topics, including the various issues in stock markets, an overview of takaful, a roadmap for introducing Islamic finance to uncharted territories and an in-depth analysis of the current challenges. Case studies and statistics provide up to date information that can be used for future research. This book will be of interest to academics and researchers who wish to learn more about the challenges of Islamic finance and economics.