Modern Islamic Banking
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Modern Islamic Banking
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Author : Natalie Schoon
language : en
Publisher: John Wiley & Sons
Release Date : 2016-02-16
Modern Islamic Banking written by Natalie Schoon and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-02-16 with Business & Economics categories.
A complete, detailed guide to modern Islamic banking fundamentals Modern Islamic Bankingprovides a comprehensive, up-to-the-minute guide to the products, processes and legal doctrines underlying Islamic banking. Written by a pioneering practitioner in the field, this book provides thorough guidance and expert-level perspective on the principles and applications of this alternative-banking model. You'll begin by learning the fundamentals, vocabulary and key concepts of Islamic banking, then explore key products including istisna'a, murabaha, musharaka, ijara, sukuk, and salam. Coverage then moves into practical applications of Islamic products to a variety of contexts including asset management, treasury, risk management, venture capital, SME finance, micro-finance and taxation. Regulatory frameworks are discussed in detail, including extensive coverage of post-financial crisis Islamic bank valuation. Islamic banking has experienced rapid growth over the past decade, a trend that is set to continue given the sector's successful weathering of the financial crisis. This book brings you up to speed on this alternative way of banking, and shows you how it applies within your own current practices. Understand the principles of Islamic banking and finance Learn the products, vocabulary and key concepts of the field Consider the applications in a variety of financial contexts Explore the regulatory frameworks and valuation of Islamic banks Islamic banking practices differ from Western banking in fundamental ways — it's these differences that shielded the sector during the global crisis, but they also require practitioners to understand a whole new set of rules, products and practices. Modern Islamic Banking gives you a solid understanding of the fundamentals and expert insight into modern practical applications.
Theory And Practice Of Modern Islamic Finance
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Author : Abu Umar Faruq Ahmad
language : en
Publisher: Universal-Publishers
Release Date : 2009-12
Theory And Practice Of Modern Islamic Finance written by Abu Umar Faruq Ahmad and has been published by Universal-Publishers this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-12 with Business & Economics categories.
" ... Seeks to contribute to the existing body of work in the area of Islamic finance through examining the extent of divergence in practice of Islamic financing from the traditional Shari'ah in the Australian context. The author makes a discursive analysis of the regulation of Islamic finance in Australia in terms of (a) the financing instruments used, (b) certainty of transactions between participants in the system, and (c) institutional risk management of Islamc financial institutions."--Back cover.
Modern Islamic Investment Management
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Author : Mohd Ma'Sum Billah
language : en
Publisher: Springer
Release Date : 2019-07-04
Modern Islamic Investment Management written by Mohd Ma'Sum Billah and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-07-04 with Business & Economics categories.
Islamic finance has grown exponentially since 1963 and has reached more than 70 countries around the world with the asset size of about $2.5 trillion. The Islamic investment system today comprises of both asset-backed and asset-based offerings. There is an evidence of sustained demand for Islamic investment in the global market among both Muslim and non-Muslim investors with demand outstripping supply and management. This book is a timely guide to understanding the paradigm of Islamic investment and its application in the contemporary investment reality, and will be of particular interest to academia, industrialists, professionals, investors, investment managers, product designers, students, decision makers and policymakers globally in the field of investment.
Islamic Banking
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Author : Amr Mohamed El Tiby Ahmed
language : en
Publisher: John Wiley & Sons
Release Date : 2010-11-17
Islamic Banking written by Amr Mohamed El Tiby Ahmed and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-11-17 with Business & Economics categories.
A detailed look at the fast-growing field of Islamic finance and banking The guiding principle of Islamic finance has existed throughout Islamic history, yet modern Islamic banking has been around for a relatively short period of time. Author Amr Mohamed El Tiby is an expert in this field, and with this new book, he reveals how you can benefit from the use of Islamic banking strategies in your financial endeavors. Engaging and accessible, Islamic Banking shows the impact this approach has made on conventional banking since the 1950s, and why it's such a big player in the current market. It offers a unique look at various aspects of this field, including the salient features of Islamic banking that distinguishes it from non-Islamic banking, the development of the regulatory bodies and supervisory agencies that support the Islamic banking system, and much more. It also explores the nature of risk in Islamic banking and the issues of capital adequacy, corporate governance, transparency, and risk associated with Islamic banking. Discusses the history and development of Islamic finance Offers straightforward strategies for implementing Islamic finance into your business activities Sheds light on the effect of the global economic crisis on Islamic banks versus conventional banks Filled with in-depth insights and expert advice, this detailed analysis of Islamic finance will help you gain a firm understanding of how effective this proven approach can be.
Islamic Banking And Interest
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Author : A. Saeed
language : en
Publisher: BRILL
Release Date : 2024-03-25
Islamic Banking And Interest written by A. Saeed and has been published by BRILL this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-03-25 with Law categories.
This important book critically examines the traditional interpretation of riba (translated as usury of interest) and the attempts of modern Islamic banks to put that interpretation into practice. The first part of the book examines the prohibition and interpretation of riba in Islam, as well as the controversies surrounding it. The second part examines the alternatives to interest-based financing utilised in Islamic banking and the problems associated with such alternatives with particular focus on mudaraba, musharaka and marabaha. The book questions the legalistic approach to the interpretation of riba and argues for a moral understanding of the issue in the light of the authoritative texts of Islam and the lessons learnt from the Islamic banking experiment.
Modern Islamic Banking In International Markets
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Author : Saad Abdo
language : en
Publisher: Independently Published
Release Date : 2025-06-14
Modern Islamic Banking In International Markets written by Saad Abdo and has been published by Independently Published this book supported file pdf, txt, epub, kindle and other format this book has been release on 2025-06-14 with Business & Economics categories.
In an era of rapid globalization, Islamic banking and finance have emerged as a robust alternative to conventional financial systems. This comprehensive exploration delves into the fundamental principles of Shariah-compliant banking and its growing influence in international markets. The integration of Islamic financial principles with modern trading systems has created unique opportunities for businesses worldwide, offering ethical and sustainable solutions for cross-border commerce. The transformation of Islamic banking through digital innovation has revolutionized traditional practices, making them more accessible and efficient for global traders. As financial technology evolves, Islamic banking institutions are adapting their services to meet contemporary challenges while maintaining strict adherence to religious principles. This adaptation has led to the development of sophisticated financial instruments that bridge the gap between Eastern and Western banking models, fostering greater international cooperation and economic growth. The expansion of Islamic banking across different geographical regions demonstrates its universal appeal and practical applications. From the established financial hubs of the Middle East to emerging markets in Asia and Africa, Islamic banking principles are being successfully implemented to drive economic development. The European market's growing acceptance of Islamic financial products further illustrates the system's flexibility and relevance in diverse economic environments. The intersection of Islamic finance with modern financial innovations, including cryptocurrency and blockchain technology, presents new opportunities and challenges. These developments are reshaping how Islamic banking institutions approach risk management, investment strategies, and international trade financing. Small and medium-sized enterprises particularly benefit from Islamic trade solutions, which offer ethical alternatives to conventional financing methods while supporting business growth and international expansion. Regulatory frameworks play a crucial role in standardizing Islamic banking practices across different jurisdictions. The harmonization of international trade laws with Islamic financial principles has created a more inclusive global financial system. This integration has led to the establishment of robust networks connecting Islamic financial institutions worldwide, facilitating smoother cross-border transactions and investment flows. Looking ahead, Islamic banking continues to evolve, adapting to changing market conditions while maintaining its core principles. The future of Islamic finance lies in its ability to offer innovative solutions to global economic challenges while promoting ethical and sustainable business practices. As international trade patterns shift and new technologies emerge, Islamic banking is positioned to play an increasingly important role in shaping the future of global finance, offering a viable alternative to conventional banking systems while promoting inclusive economic growth.
The Concept Of Murabaha In A Modern Islamic Context
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Author : M. S. Mahmoud
language : en
Publisher:
Release Date : 1990
The Concept Of Murabaha In A Modern Islamic Context written by M. S. Mahmoud and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1990 with categories.
One of the main principles of Islamic Banking is to avoid interest (usury) in all forms of transactions because Muslims believe that they are not allowed to deal in usury and that they have to adopt an interest-free system. In order to achieve this, the Muslims have derived their guiding rules from the Islamic principles and used profit sharing mechanism rather than using the prevailing interest rate mechanism. The Muslim Economists have been trying to develope and present some successful real working examples of an interest-free economy. The usury "interest" is called in Islam "RIBA" a term which literally means increase or addition but from the Islamic technical point of of view it refers to the addition in the amount of the principal of the loan on the basis of time for which it is loaned and the amount of the loan. The objective of the Islamic Banks and Investment Companies is to develope Islamic forms of transaction that do not involve interest which is prohibted in Islam. Islam has nothing against the modern banking operational techniques or against the cooperation or coordination with western investment and banking institutions unless they conflict with the Islamic rules. The Quran, which is the fundamental source of the Islamic rules and principles has prohibited Riba. One of the implications of prohibition of Riba is that this prohibition eliminates all debt financing instruments as they exist in the traditional banking system. Islam has given some alternative transactions which do not involve Riba dealing. One of the important characteristics of the Islamic financial instruments is the Risk and Loss and Profit sharing. The cause of the prohibition of Riba will be discussed in detail in this study- The study will also list and explain some of the main investment instruments and forms used in the Islamic Banking. One of the most important forms of transaction developed in the Islamic Banks and Investment Companies is a form of sale called Murabaha. Murabaha is the most widely used form of transaction in the Islamic Banks and in the same time it is the most frequently subject to criticism. The Murabaha represents a special form of contracts for sale of goods. It is a Contract of Sale where the seller is obliged to disi cose to the buyer the initial cost of the goods and the margin of profit he marked. The objective of this study is to discuss this special form of transaction, make comments on how it is being practised in the Islamic Banks and Investment Companies. Being a newly developed investment instrument, the Murabaha in its modern application has not been the subject of many books or researches. Many books and publications discussed the subject of the Islamic Banking System but few of them highlighted the issue of the moderm Murabaha which is a different application of the old Islamic traditional form of Murabaha. The most important publications in this field are written recently after the Islamic Banks had adopted the Murabaha Sale Contract in its developed form. One of the books written in Murabaha is a book by DR. SAMI H. HOMOUD a distinguished Islamic Banker in the year 1976. The book is titled "DEVELOPMENT OF THE BANKING ACTIVITIES IN CONFORMITY WITH THE ISLAMIC SHARIA". The book discussed and highlighted all of the banking activities and was not devoted to Murabaha. Another writer in this field is DR. AHMAD A. ABDULLAH who, in the year 1987, wrote his book "MURABAHA, its principles, conditions and applications in the Islamic Banks". There are also some other Islamic Economists who wrote about the Murabaha sale such as Dr. Youssof Al Garadawi who wrote "Murabaha Sale to Purchase Orderer as applied in Islamic Banks", DR. ABDUL HAMEED AL BAALI, "The Jurisprudence of Murabaha" in addition to the "Scientific and Practical Islamic Banking Encyclopedia" issued by the International Institute of Islamic Banking & Economics.". There are some of the recent publications which discussed the issue of Murabaha in the Islamic Banks and Investment Companies. There are old publications and books that referred to and explained this form of transaction. These are written by old Muslim Thinkers and Jurists but, of course, they did not discuss the modern applications of the Murabaha Contract as they were not known at those early days. The Murabaha Contract has been dealt with and discussed from different points of view which the writer intends to discuss and elaborate in this study which will be divided into four chapters. The First Chapter will be concerned with explaining the concept of the Islamic Banks and Investment Companies showing their main characteristics and the points of difference between the Islamic Banks and the Conventional Banks. The chapter also describes some of the important islamic investment instruments which are being applied in the Islamic Banks. The Second Chapter of the study will be devoted to explain the meaning of Murabaha both literally and in the Islamic Sharia and the stand of the different Muslim Jurists towards the definition of the Murabaha Contract. In the second part of this chapter, the author will explain how the Murabaha Sale used to be practiced in the early days of Islam and how it is being applied now a days in the modern Islamic Banks and Investment Companies. A detailed description of the transaction will be given in this chapter showing how the transaction starts with a purchase order from the client to the Bank which purchases the required goods under its name, possesses them and then re-sells them to the client. The Second Chapter also includes the general and the special conditions required to achieve a proper Murabaha Contract. The general conditions are the conditions which apply to all contracts regardless of their type such as the legal capacity of the parties, offer and acceptance, valuable consideration and that the contract should not involve any usury. On the other hand, the special conditions are those which apply to the Murabaha Sale Contract as a special form of contract. These conditions include that the original purchase price should be disclosed to the buyer, the initial contract must be a valid one in accordance to the principles of the Islamic Sharia and that the goods should be owned by the seller at the time of the Sale Contract. The third chapter of the study will contain the main problems facing the application of the Murabaha Contract in the Islamic Banks and Investment Companies showing that one of the main issues in this regard is in the execution of the contract in the Banks which, in many cases, affects the properness of the Murabaha. The chapter will also involve in the points of criticism which are raised against the application of this form of transaction. Some of the main points of criticism include that the Murabaha transaction involves usury, that it is a sale of what the seller does not own and that the transaction in its moden form was not known at the early days of Islam. All criticisms will be discussed in detail and it will be shown that some of them are true and genuine and some actions need to be taken in order to rectify the transaction. In the fourth chapter a summary of the findings of the study will be given stating the writers opinion and recommendations for the establishment of a proper application of the Islamic forms of transaction especially for the Murabaha Sale of Goods. The most important points relate to the qualifications, the concern and the seriousness of the officials and the executives of the Islamic Banks and Companies who should be always well trained in the business so that they can be able to face the challenge. -it.
Islamic Finance In The Light Of Modern Economic Theory
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Author : Suren Basov
language : en
Publisher: Springer
Release Date : 2016-12-01
Islamic Finance In The Light Of Modern Economic Theory written by Suren Basov and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-12-01 with Business & Economics categories.
This book provides researchers and students with an understanding of the basic legal tenets of the Islamic finance industry, studying the real economic effects of those tenets using the tools of the modern economic theory. Split into four parts, the book begins with an introduction to the history and a legal framework for Islamic banking, covering typical Islamic financial products such as Sukuk and Takaful and examining the structure of Islamic financial institutions. It then analyzes and discusses the Miller-Modigliani Theorem, which is of direct relevance to Islamic banks which are prohibited to charge interest and often have to rely of profit-loss sharing agreements. Part III of the book introduces the reader to modern mechanism design theory, paying particular attention to optimal contracting under hidden action and hidden information, and final part of the book applies the tools of economic theory to understand performance of Islamic financial institutions such as Islamic banks and Takaful operators. Islamic Finance in Light of Modern Economic Theory brings together all the necessary technical tools for analyzing the economic effects of Islamic frameworks and can be used as an advanced textbook for graduate students who wish to specialize in the area, as a reference for researchers and as a tool to help economists improve the design of Islamic financial institutions.
Islamic Finance In The Modern Era
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Author : Hussain Mohi-ud-Din Qadri
language : en
Publisher: Taylor & Francis
Release Date : 2024-08-16
Islamic Finance In The Modern Era written by Hussain Mohi-ud-Din Qadri and has been published by Taylor & Francis this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-08-16 with Business & Economics categories.
This book focuses on recent developments in financial technology: specifically, how FinTech affects the Islamic finance industry. It examines the challenges of Shariah compliance and explores opportunities for riba-free finance. The book describes contemporary FinTech solutions, investigating their relation to Islamic financial institutions. It outlines the current status of Islamic FinTech, arguing that it can provide Shariah-compliant innovative financial services to bridge the gap and compete with or complement conventional finance. Islamic FinTech can play a transformational role in making Islamic finance more accessible to a wide range of audiences and can also support the SME sector, which has been significantly impacted by the fallout of the COVID-19 pandemic. First, the book addresses thematic issues in Islamic finance, including its role in poverty eradication, elevating SMEs, and the Islamic digital economy. Second, it examines Shariah-compliant instruments in Islamic finance. The final part encompasses the risk profile of Islamic finance products and explores mitigation strategies. The book simultaneously presents theories, practice, and key issues, introducing new ideas and perspectives to the Islamic banking and financial community. The primary audience for the book will be researchers and scholars of Islamic economics and finance, and it will also appeal to practitioners and regulatory bodies.
Islamic Finance In The Modern Era
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Author : Hussain Mohi-ud-Din Qadri
language : en
Publisher: Taylor & Francis
Release Date : 2024-08-16
Islamic Finance In The Modern Era written by Hussain Mohi-ud-Din Qadri and has been published by Taylor & Francis this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-08-16 with Business & Economics categories.
This book focuses on recent developments in financial technology: specifically, how FinTech affects the Islamic finance industry. It examines the challenges of Shariah compliance and explores opportunities for riba-free finance. The book describes contemporary FinTech solutions, investigating their relation to Islamic financial institutions. It outlines the current status of Islamic FinTech, arguing that it can provide Shariah-compliant innovative financial services to bridge the gap and compete with or complement conventional finance. Islamic FinTech can play a transformational role in making Islamic finance more accessible to a wide range of audiences and can also support the SME sector, which has been significantly impacted by the fallout of the COVID-19 pandemic. First, the book addresses thematic issues in Islamic finance, including its role in poverty eradication, elevating SMEs, and the Islamic digital economy. Second, it examines Shariah-compliant instruments in Islamic finance. The final part encompasses the risk profile of Islamic finance products and explores mitigation strategies. The book simultaneously presents theories, practice, and key issues, introducing new ideas and perspectives to the Islamic banking and financial community. The primary audience for the book will be researchers and scholars of Islamic economics and finance, and it will also appeal to practitioners and regulatory bodies.