Shari A Compliant Microfinance

Author : S. Nazim Ali
Publisher : Routledge
Page : 317 pages
File Size : 44,8 Mb
Release : 2013-03-01
Category : Business & Economics
ISBN : 9781136671296

Get Book

Shari'a Compliant Microfinance by S. Nazim Ali Pdf

In the recent past, Islamic finance has made an impressive case on the banking scene by becoming an alternative to the popular conventional financial systems, spurring a lively academic debate on how the Islamic finance industry can expand its services to cover the poor. Several propositions have been aired which suggest that the Islamic finance industry should consider developing an efficient Shari‘a compliant microfinance model. This book brings together original contributions from leading authorities on the subject of Shari‘a Compliant Microfinance (Islamic Microfinance) to propose innovative solutions and models by carefully studying experiments conducted in various countries. Where critiques of the current microfinance concepts, methods, regulatory measures and practices have often revolved around its practice of charging very high interest, this book discusses the several models that draw on both theory and case studies to provide a sustainable Shari‘a compliant alternative. Arguing that while Islamic finance might have made a remarkable contribution in the financial markets, there remains a big question with regards to its social relevance, the book provides new perspectives and innovative solutions to issues facing the Islamic microfinance industry. A comprehensive reference book for anyone wanting to learn more about Shari‘a Compliant Microfinance, this book will also be of use to students and scholars of microfinance, Islamic finance, and to anyone interested in learning about ethical and socially responsible businesses.

Author : Yasushi Suzuki,Mohammad Dulal Miah
Publisher : Routledge
Page : 227 pages
File Size : 53,6 Mb
Release : 2018-03-09
Category : Business & Economics
ISBN : 9781351601856

Get Book

Dilemmas and Challenges in Islamic Finance by Yasushi Suzuki,Mohammad Dulal Miah Pdf

The phenomenal growth of Islamic finance in the last few decades has been accompanied by a host of interesting questions and challenges. One of the critical challenges is how Islamic financial institutions can be motivated to participate in the 'equity-like' profit-and-loss sharing (PLS) contracts. It is observed that Islamic banks are reluctant to participate in the pure PLS scheme which is manifested by the rising concentration of investment on murabaha or mark-up financing. This phenomenon has been the hotbed of academic criticism on the contemporary practice of Islamic banking. This book explains the 'murabaha syndrome' in light of the incentive provided by the current institutional framework and what are the changes required in the governance structure to mend this anomaly.

Author : Hussain Mohi ud Din Qadri,Hassnian Ali
Publisher : Walter de Gruyter GmbH & Co KG
Page : 174 pages
File Size : 44,5 Mb
Release : 2024-05-20
Category : Business & Economics
ISBN : 9783111414522

Get Book

Islamic Microfinance by Hussain Mohi ud Din Qadri,Hassnian Ali Pdf

Islamic microfinance is one of the most important sectors of Islamic social finance, which plays a very important role in curbing poverty and improving the standard of living, per capita income, employment level as well as achieving Maqasid al-Shariah, profitability and sustainability. This role of Islamic microfinance has become more crucial in the pandemic period. It has been clearly witnessed in developing countries such as Pakistan and Bangladesh, how Islamic microfinance institutions helped deprived and affected communities during the pandemic. Another important development during the pandemic was the introduction of blended models of Islamic microfinance such as waqf-based Islamic microfinance, a zakat-based model and the combination of Islamic commercial and social finance. Islamic microfinance institutions also aim to harness the power of digitalization and fintech, but they need to consider the necessary success factors to realize and gain the real benefits of technology. There are some major challenges related to regulations, management issues, lack of skilled human resources, a wide digital divide and low level of financial literacy in developing countries. These challenges need to be addressed to ensure stability, steady growth and sustainability in the sector. This book is a compendium on Islamic microfinance, including case studies from seven jurisdictions and prospects for the sector. The book will be a major contribution to the literature of Islamic economics and finance and a guide of equal importance for students, academics, institutions, regulators, fintechs, policy makers and the general public.

Author : Malcolm Harper,Ajaz Ahmed Khan
Publisher : Unknown
Page : 220 pages
File Size : 54,9 Mb
Release : 2017
Category : Finance
ISBN : 1780449550

Get Book

Islamic Microfinance by Malcolm Harper,Ajaz Ahmed Khan Pdf

Author : Mr.Enrique Gelbard,Mr.Mumtaz Hussain,Mr.Rodolfo Maino,Mr.Yibin Mu,Mr.Etienne B. Yehoue
Publisher : International Monetary Fund
Page : 27 pages
File Size : 42,9 Mb
Release : 2014-08-11
Category : Business & Economics
ISBN : 9781498375276

Get Book

Islamic Finance in Sub-Saharan Africa by Mr.Enrique Gelbard,Mr.Mumtaz Hussain,Mr.Rodolfo Maino,Mr.Yibin Mu,Mr.Etienne B. Yehoue Pdf

Islamic finance is a fast growing activity in world markets. This paper provides a survey on Islamic Finance in SSA. Ongoing activities include Islamic banking, sukuk issuances (to finance infrastructure projects), Takaful (insurance), and microfinance. While not yet significant in most Sub-Saharan countries, several features make Islamic finance instruments relevant to the region, in particular the ability to foster SMEs and micro-credit activtities. As a first step, policy makers could introduce Islamic financing windows within the conventional system and facilitate sukuk issuance to tap foreign investors. The entrance of full-fleged Islamic banks require addressing systemic issues, and adapting the crisis management and resolution frameworks. The IMF can play a role by sharing international experiences and providing advice on supervisory and regulatory frameworks as needed.

Author : Anonim
Publisher : UN
Page : 116 pages
File Size : 40,7 Mb
Release : 2009
Category : Business & Economics
ISBN : UCBK:C107442861

Get Book

Islamic Banking by Anonim Pdf

This guide is part of the International Trade Centre's (ITC) Trade Finance programme, which provides assistance to help small firms in developing countries develop their capacities to link to global markets through exports. It is intended primarily for trade support institutions of developing countries, and owners or finance managers of small firms. The aim is to help these firms decide whether Islamic banking options are feasible for them, and how to use them. This guide intends to help the non-specialist reader understand and use Islamic finance. Part I - Understanding Islamic Finance - covers the key principles and perspectives of Islamic banking relevant to small firms. Part II - Using Islamic Finance - consists of a 'how to' guide to use Islamic banking instruments for specific transactions.

Author : Mayada El-Zoghbi,Kaylene Alvarez
Publisher : Unknown
Page : 12 pages
File Size : 43,5 Mb
Release : 2015-02-15
Category : Electronic
ISBN : 162696064X

Get Book

Understanding Costs and Sustainability of Sharia-Compliant Microfinance Products by Mayada El-Zoghbi,Kaylene Alvarez Pdf

Author : Malcolm Harper,Ajaz Ahmed Khan
Publisher : Unknown
Page : 0 pages
File Size : 46,9 Mb
Release : 2017
Category : Business & Economics
ISBN : 1853399558

Get Book

Islamic Microfinance by Malcolm Harper,Ajaz Ahmed Khan Pdf

Islamic Microfinance critically examines the performance of fifteen institutions and demonstrate how Islamic methods can efficiently satisfy the needs of some types of client but not all. It asks which types of products are affordable and beneficial, for which purposes and for whom.

Author : M. Kabir Hassan,Mehmet Saraç,Ashraf Khan
Publisher : Springer Nature
Page : 395 pages
File Size : 46,9 Mb
Release : 2021-08-13
Category : Business & Economics
ISBN : 9783030760168

Get Book

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.​

Author : S. Nazim Ali
Publisher : Routledge
Page : 309 pages
File Size : 40,7 Mb
Release : 2013-03-01
Category : Business & Economics
ISBN : 9781136671302

Get Book

Shari'a Compliant Microfinance by S. Nazim Ali Pdf

In the recent past, Islamic finance has made an impressive case on the banking scene by becoming an alternative to the popular conventional financial systems, spurring a lively academic debate on how the Islamic finance industry can expand its services to cover the poor. Several propositions have been aired which suggest that the Islamic finance industry should consider developing an efficient Shari‘a compliant microfinance model. This book brings together original contributions from leading authorities on the subject of Shari‘a Compliant Microfinance (Islamic Microfinance) to propose innovative solutions and models by carefully studying experiments conducted in various countries. Where critiques of the current microfinance concepts, methods, regulatory measures and practices have often revolved around its practice of charging very high interest, this book discusses the several models that draw on both theory and case studies to provide a sustainable Shari‘a compliant alternative. Arguing that while Islamic finance might have made a remarkable contribution in the financial markets, there remains a big question with regards to its social relevance, the book provides new perspectives and innovative solutions to issues facing the Islamic microfinance industry. A comprehensive reference book for anyone wanting to learn more about Shari‘a Compliant Microfinance, this book will also be of use to students and scholars of microfinance, Islamic finance, and to anyone interested in learning about ethical and socially responsible businesses.

Author : Matthias Range
Publisher : GRIN Verlag
Page : 91 pages
File Size : 47,6 Mb
Release : 2013-04-16
Category : Business & Economics
ISBN : 9783656410508

Get Book

Islamic Microfinance by Matthias Range Pdf

Diploma Thesis from the year 2004 in the subject Economics - Finance, grade: 1,3, RWTH Aachen University (International technical and economical Cooperation), language: English, abstract: The literature discussing microfinance topics like sustainability, outreach and improvement of methods as well as the role of the governments in terms of interference, supervision and regulation is getting more differentiated and substantiated. Despite this increasing interest, one aspect of microfinance has been largely neglected both scientifically and in its application: Islamic Microfinance. In this paper I will discuss, if the principles of the Shari’ah (the Islamic law) are not somewhat compatible with the needs and obstacles of microfinance, where stewardship is to be shared and trust crucial. Further, I will discuss in detail if the prohibition of Riba is a serious, insolvable obstacle and if it is really more expensive for microfinance institutes to provide Muslims with financial services. By comparing traditional instruments of microfinance with new, transferred instruments borrowed from Islamic banking, I will try to explain – on the bases of the Islamic culture – why people are surprised about the neglect of Islamic Microfinance. The hypotheses are as follows • The implementation of Islamic financial products causes too high risks for microfinance institutes. The restriction of involving ‘risk’ in financial contracts for both parties by the Islam is binding. Therefore, market risks and moral hazards, make a save and steady return for the MFI not possible. • The higher efforts of Islamic Microfinance are too much for the already weak organisation structures of MFIs. MFIs have to avoid or at least decrease market risks and moral hazards. Thus, higher efforts need to be invested by the MFIs due to the increased dependency on the success of the pre-financed projects. • The complexity of Islamic financial products compared to convenient credit contracts leads to difficulties in both their explanation as well as their promotion in less educated areas.

Author : Faizal Karbani
Publisher : FT Press
Page : 192 pages
File Size : 47,6 Mb
Release : 2015-02-19
Category : Business & Economics
ISBN : 9781292001456

Get Book

Mastering Islamic Finance: A practical guide to Sharia-compliant banking, investment and insurance by Faizal Karbani Pdf

A practical and accessible guide to Islamic finance that helps demystify the differences with conventional banking, enabling practitioners to develop Sharia compliant products for customers. The Islamic Finance industry is estimated to be worth $1.2 trillion and is growing globally at over 10% per year. Mastering Islamic Finance will give practitioners an understanding of Islamic finance, from the basic techniques, through to advanced applications. Helping to demystify and clarify the differences with conventional banking, it will enable practitioners to develop Sharia compliant products for customers. According to Sharia law there are strict rules on how financial services and products can be designed; in Islamic Finance money cannot make money and the subject of the finance must be an asset or a verifiable, real trade or business activity. Sharia compliant financial instruments have been devised to enable Muslims to abide by the principles of Islam and still make the most of their money. Mastering Islamic Finance will equip readers with an understanding of Islamic financial instruments so they can sensibly apply them in practice. For each instrument there is a definition of the concept and how it differs from its equivalent in conventional banking. There are also examples and case studies to highlight practical applications. The full text downloaded to your computer With eBooks you can: search for key concepts, words and phrases make highlights and notes as you study share your notes with friends eBooks are downloaded to your computer and accessible either offline through the Bookshelf (available as a free download), available online and also via the iPad and Android apps. Upon purchase, you'll gain instant access to this eBook. Time limit The eBooks products do not have an expiry date. You will continue to access your digital ebook products whilst you have your Bookshelf installed.

Author : Bloomsbury Publishing
Publisher : Bloomsbury Publishing
Page : 238 pages
File Size : 50,7 Mb
Release : 2010-11-15
Category : Business & Economics
ISBN : 9781849300391

Get Book

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 : Fara Madehah Ahmad Farid
Publisher : Edinburgh University Press
Page : 200 pages
File Size : 52,6 Mb
Release : 2012-11-16
Category : Religion
ISBN : 9780748655632

Get Book

Shari'ah Compliant Private Equity and Islamic Venture Capital by Fara Madehah Ahmad Farid Pdf

This book focuses on the applicability of Shari'ah-based structures and Islamic venture capital to the private equity industry. It includes case studies and examples of business financial appraisals to give an in-depth view of the application and operatio

Author : Ezlika M. Ghazali,Dilip S. Mutum,Mamunur Rashid,Jashim U. Ahmed
Publisher : Springer
Page : 192 pages
File Size : 40,5 Mb
Release : 2019-03-18
Category : Business & Economics
ISBN : 9783030109073

Get Book

Management of Shari’ah Compliant Businesses by Ezlika M. Ghazali,Dilip S. Mutum,Mamunur Rashid,Jashim U. Ahmed Pdf

Muslim consumers represent an untapped and viable market segment, but to date there has been very little research on catering to their needs or running and managing Islamic businesses. Innovations in Islamic business, interest in the use of Sukuk (Islamic bonds) to finance major projects, pressures on Islamic banks to reduce the financing gap in society, and the need to understand Muslim consumers, require a deeper grasp of the issues and opportunities involved, which are quite unique. In similar vein, acquiring expertise on topics specific to Shari'ah-compliant businesses requires a thorough knowledge of matters ranging from financing to branding and, in a broader sense, creating an entrepreneurial framework suitable to the market. This book fills this gap by presenting high-quality and original case studies on Islamic finance, marketing and management from around the world. Equally valuable in business school classrooms and for c-suite strategists, it will help readers shape business strategies to tap into a billion-strong market.