Ethical Dimensions Of Islamic Finance

Author : Zamir Iqbal,Abbas Mirakhor
Publisher : Springer
Page : 192 pages
File Size : 44,6 Mb
Release : 2017-09-27
Category : Business & Economics
ISBN : 9783319663906

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Ethical Dimensions of Islamic Finance by Zamir Iqbal,Abbas Mirakhor Pdf

This book provides an introductory theoretical foundation of the ethics embedded in Islamic economics and finance, and it shows how this ethical framework could pave the way to economic and social justice. It demonstrates how Islamic finance—a risk-sharing and asset-backed finance—has embedded universal values, ethical rules, and virtues, and how these qualities may be applied to a supposedly value-neutral social science to influence policy-making. This book argues that ethical and responsible finance, such as Islamic finance, could lead the efforts to achieve sustainable economic development. Iqbal and Mirakhor then conduct a comparative analysis of Islamic and conventional financial systems and present Islamic finance as an alternative that can address today’s growing problems of inequality, social injustice, financial repression, unethical leadership, and lack of opportunity to share prosperity.

Author : Abbas Mirakhor,Zamir Iqbal,Seyed Kazem Sadr
Publisher : Walter de Gruyter GmbH & Co KG
Page : 797 pages
File Size : 52,7 Mb
Release : 2020-04-20
Category : Business & Economics
ISBN : 9783110590548

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Handbook of Ethics of Islamic Economics and Finance by Abbas Mirakhor,Zamir Iqbal,Seyed Kazem Sadr Pdf

Since the financial crisis of 2007/2008, a renewed discussion on the ethics and finance is being examined from different dimensions – finance for good society, responsible finance, ethical finance, financial crimes, and financial repression. The principal objective of this Handbook on Ethics of Islamic Economics and Finance is to provide a deeper understanding of the ethical underpinning of Islamic economics and finance. The reader will notice that the Handbook reflects a diversity of views on the subject of economic and business ethics in Islam across the intellectual spectrum of Muslim thought over the globe. Handbook attempts to find answers to some questions concerning the definition and characteristics of the ethical system in Islam. What is its goal and how do its rules and practices ensure welfare for individuals and society? Are the moral principles universal and invariable or do they change and adapt with the social changes of communities and progress in science and technology? Is the present generation accountable for the welfare of future generations? Where is the boundary between law and ethics and who guarantees their adoption and implementation?

Author : Abbas J. Ali
Publisher : Edward Elgar Publishing
Page : 352 pages
File Size : 40,9 Mb
Release : 2015-10-30
Category : Business & Economics
ISBN : 9781781009451

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Handbook of Research on Islamic Business Ethics by Abbas J. Ali Pdf

The Handbook of Research on Islamic Business Ethics is an essential source for policymakers and researchers to gain an understanding of pressing ethical issues in the Islamic business world. The primary objective is to provide readers with an insight into the ethical principles that govern Islamic business conduct. These principles are articulated with a view to evaluating whether business actors uphold their social responsibilities and are committed to ethical values in their conduct. Exploring the interweaving relationship between Islamic business ethics and the market, this Handbook examines the critical role that ethics can play in ensuring that business thrives. It offers theoretical perspectives on research and goes beyond the conventional treatment of Islamic ethics. It debates important market issues and asserts that social actors in the Islamic business world should be cognisant of these issues so as to behave in a moral and responsible manner. Implications for researchers and for market conduct are illuminated. Readers wanting to familiarize themselves with day-to-day Islamic business ethics will find this Handbook an invaluable guide.

Author : Marizah Minhat,Nazam Dzolkarnaini
Publisher : Springer Nature
Page : 289 pages
File Size : 54,6 Mb
Release : 2021-10-25
Category : Business & Economics
ISBN : 9783030815967

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Ethical Discourse in Finance by Marizah Minhat,Nazam Dzolkarnaini Pdf

Ethical discourse is commonly not a priority in a conventional finance syllabus. Moral sentiments often take a back seat to market sentiments, even in shaping the direction of ethical finance business. This anomaly persists despite growing interest in ethical finance. Taking an interdisciplinary and diverse perspective, this book enriches the evolving definition and scope of ethical finance literature by focusing on actors, products and regulation that shape markets. Considering the gap between theory and practice, this book bridges academic and professional knowledge in unpacking ethical and governance issues in the financial industry. In an effort to include as many viewpoints as possible, regardless of popularity or who holds them, the book editors gathered thoughts from diverse fields, including accounting, economics, ethics, finance, governance, law, management, philosophy and religion. Appealing to academic and non-academic stakeholders with an interest in ethics and finance, this book is the result of and a testament to a distinct educational and public engagement project that included different generations and communities, for future reference.

Author : Hussain Mohi-ud-Din Qadri
Publisher : Routledge
Page : 285 pages
File Size : 43,6 Mb
Release : 2019-09-23
Category : Business & Economics
ISBN : 9781000701210

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Business Ethics in Islam by Hussain Mohi-ud-Din Qadri Pdf

Islamic Business Finance is based on strong ethical regulations as suggested by Islamic Literature, such as the Quran and the Traditions of the Prophet of Islam, and could be considered as a subclass of the wider subject of ethical standards in business. This book highlights the basic principles of Islamic Business ethics and their implication in today’s global business environment. It highlights the most important features of Islamic banking and finance in relation to the core principles of Shariah law. It is the most comprehensive book to date, in terms of the number of Quranic verses and traditions of the Prophet relating to this subject, which are interspersed throughout the text. It explains how ethics are defined both in general terms and within the context of an Islamic perspective. In addition, it provides a logical interpretation of Islamic principles of business ethics, while keeping in view thethrough the use of contemporary business practices. Topics such as digital currencies, money laundering, etc. are discussed at length. This book also discusses the new and emerging ethical issues faced by business and industry globally. This book will be a valuable reference guide for students, teachers and researchers of Islamic banking and finance.

Author : Usman Hayat
Publisher : Unknown
Page : 128 pages
File Size : 54,5 Mb
Release : 2014
Category : Electronic
ISBN : 193466779X

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Islamic Finance by Usman Hayat Pdf

Author : Jihad Mohammad,Farzana Quoquab
Publisher : Partridge Publishing Singapore
Page : 118 pages
File Size : 43,9 Mb
Release : 2016-07-28
Category : Social Science
ISBN : 9781482866483

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Inculcating Ethics and Citizenship Behaviour in Islamic Financial Institutions: the Issues and Consequences by Jihad Mohammad,Farzana Quoquab Pdf

This book enables its readers to understand Islamic ethics at workplace and its role in enhancing the performance and productivity of organizations. Moreover, this timely and important book is an essential guide for academician, researchers, and managers to enhance and enrich their understanding and knowledge about the effective role of Islamic work ethics. The concept of work ethics is acknowledged as an important indicator of the likely success of all types of organizations. However, the bulk of research pertaining to work ethics and various organizational and individual outcomes has focused predominantly on the concept of Protestant work ethics and not much attention has been given to assess the notion of Islamic work ethics. Nonetheless, it is necessary to understand other work ethics from different religious faiths in order to get a better understanding about the work ethics phenomenon. This book aims to bridge this gap in literature and advance the knowledge regarding work ethics from the Islamic perspective. This book presents some insightful strategies for Islamic financial institutions to manage workplace ethics. Those who are eager to advance their knowledge about Islamic work ethics, organizational justice, and organizational citizenship behavior will find this book very useful.

Author : Bloomsbury Publishing
Publisher : Bloomsbury Publishing
Page : 238 pages
File Size : 44,6 Mb
Release : 2010-11-15
Category : Business & Economics
ISBN : 9781849300391

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Islamic Finance: Instruments and Markets by Bloomsbury Publishing Pdf

Islamic Finance: Instruments and Markets looks at the application of Sharia law to the world of banking and finance. It provides you with an understanding of the rationale behind the instruments and the rapidly developing Islamic financial markets. Coverage includes in-depth analysis of the financial instruments within the Sharia framework and how they are applied in various sectors including insurance, investment and capital markets. Regulatory issues are also discussed both from the role of the Sharia board to reporting financial risk to legal bodies. It addresses issues such as bringing a New Ethical Dimension to Banking through to The International Role of Islamic Finance and provides you with a range of checklists from Business Ethics in Islamic Finance to The Role of the Shariah Advisory Board in Islamic Finance and Regulatory and Capital Issues under Shariah Law.

Author : Abbas J. Ali
Publisher : Edward Elgar Publishing
Page : 256 pages
File Size : 49,7 Mb
Release : 2014-09-26
Category : Business & Economics
ISBN : 9781781006733

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Business Ethics in Islam by Abbas J. Ali Pdf

The book is the most original and comprehensive treatment of business ethics in Islam. It explores the thinking of early Islamic scholars on ethics, whilst encompassing the modern developments in the field. It is aimed at fostering discourse on busines

Author : Abul Hassan,Sabur Mollah
Publisher : Springer
Page : 322 pages
File Size : 48,5 Mb
Release : 2018-07-10
Category : Business & Economics
ISBN : 9783319912950

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Islamic Finance by Abul Hassan,Sabur Mollah Pdf

Islamic finance often faces numerous challenges in a dynamic marketplace. This book aims to discuss contemporary issues and challenges in Islamic finance to inform discussions surrounding the governance system, the Islamic legal system, prudential regulations, Islamic home financing, and Islamic microfinance. Furthermore, corporate social responsibility (CSR), Islamic accounting, risk management, Basel Accord, and Shari'ah governance systems are discussed in the book. Despite the relevance of these issues in Islamic finance, only a few reference sources exist. This book will provide a guide for academics, students, and banking professionals to acquaint them with the theory and practice of Islamic finance, filling a needed gap.

Author : Nabil Maghrebi,Abbas Mirakhor,Zamir Iqbal
Publisher : John Wiley & Sons
Page : 416 pages
File Size : 43,7 Mb
Release : 2016-03-07
Category : Business & Economics
ISBN : 9781118990773

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Intermediate Islamic Finance by Nabil Maghrebi,Abbas Mirakhor,Zamir Iqbal Pdf

"The principal objective of this intermediate book on Islamic finance is to address selected issues in the theory and practice of Islamic finance that typical fall beyond the contents of classic introductory text books on the subject matter. These topics are often discussed at very basic level. The list of special topics includes the stability of Islamic finance, the role of ethics, the scope of financial engineering and derivatives, the function of Islamic capital markets, as well as perspectives on Islamic structured finance, corporate finance, and financial inclusion. The book can serve as a guide to hitherto unexplored avenues of research in Islamic finance for graduate and post-graduate students. This book includes: - some reference to case studies and specific problems in the practice of Islamic finance as well as conventional finance - a list of suggested further readings per chapter - appendices that include details of advanced analysis for the purpose of simplifying the level of discussion for advanced undergraduate students - graphs, figures, tables on financial and economic data"--

Author : Mohamed Ariff,Munawar Iqbal
Publisher : Edward Elgar Publishing
Page : 297 pages
File Size : 40,5 Mb
Release : 2011-01-01
Category : Business & Economics
ISBN : 9781849807937

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The Foundations of Islamic Banking by Mohamed Ariff,Munawar Iqbal Pdf

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.

Author : M. Fahim Khan,Mario Porzio
Publisher : Edward Elgar Publishing
Page : 253 pages
File Size : 46,7 Mb
Release : 2010-01-01
Category : Business & Economics
ISBN : 9781849803410

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Islamic Banking and Finance in the European Union by M. Fahim Khan,Mario Porzio Pdf

As an introduction to the complex issue of harmonization of legal and regulatory structure of the European financial system and Islamic finance, this is a useful and welcome volume. The ideas, insights and practical issues addressed in the informed papers that compose the book should be valuable for academics and students of finance, and to those who provide legal and financial services. The book will be helpful also to European regulators who have yet to appreciate the importance of Islamic finance and its potential contribution to financial globalization as well as to European economic growth. Abbas Mirakhor, Former Executive Director, International Monetary Fund, US This timely book examines the authorization of Shari ah-compliant intermediaries as either credit institutions or as investment companies in the European Union. The contributing authors explore the key topics of this area through differing yet parallel perspectives for example, comparing economic and legal standpoints, looking at both European and national levels and considering both academic and technical approaches. The book discusses the common origin of Islamic and Western traditions in commercial and banking transactions, reviewing a period in which the Italian merchants and their organizations drove the rebirth of post-medieval society in trade and law. The editors investigate whether the Islamic banking and financial model complies with the European framework, spelling out the different experiences in single Member States (Germany, France, Italy, and the United Kingdom). Notwithstanding the obstacles to being authorized as domestic credit institutions, they conclude that the access of Islamic intermediaries is suitable and may have positive effects on European integration, as well as increasing the competition among the stand-still operators and evoking the ethical dimension of banking and finance. The book also highlights how Islamic banking would make the industry more inclusive. This multidisciplinary book will appeal greatly to economics and legal scholars with an interest in European and international banking and financial law, as well as postgraduate students in international law and banking law. Practitioners and regulators will also find this book an invaluable resource.

Author : Hussain Mohi-ud-Din Qadri,M. Ishaq Bhatti
Publisher : Routledge
Page : 383 pages
File Size : 40,8 Mb
Release : 2021-08-11
Category : Business & Economics
ISBN : 9781000426168

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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 : M. Kabir Hassan,Mehmet Saraç,Ashraf Khan
Publisher : Springer Nature
Page : 395 pages
File Size : 45,7 Mb
Release : 2021-08-13
Category : Business & Economics
ISBN : 9783030760168

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Islamic Finance and Sustainable Development by M. Kabir Hassan,Mehmet Saraç,Ashraf Khan Pdf

The book is a collection of chapters discussing the Sustainable Development Goals in the broader context of Islamic finance along with mapping the SDGs with Maqasid Al-Shariah. It provides a framework for both Muslim and non-Muslim countries to develop a sustainable economy which encompasses not only the concept of the welfare state but also supports development-related activities, ensures financial inclusion through equal distribution of wealth and alleviation of poverty, and protects the overall environmental and ecological system. More specifically, this book explores various aspects of Islamic finance in relation to parameters of SDGs; restructuring of Islamic finance and connecting its dots in the light of SDGs; Islamic perspective on ESG and ecological quality; interest-free tools and modernization of Islamic financial institutions for sustainable development and economic stability; and the role of Islamic finance in infrastructure-related development activities. Consistent with the view that SDGs are embedded within the theme of Islamic finance, this book is specifically designed to meet the needs of key regulatory institutions, academic scholars, and industry practitioners both in the field of Islamic finance and sustainable finance.​