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Author : Ibrahim Warde
Publisher : Edinburgh University Press
Page : 289 pages
File Size : 32,63 MB
Release : 2014-03-11
Category : Religion
ISBN : 0748696474
A second edition of Islamic Finance in the Global Economy, substantially revised and updated to take into account the recent developments in the field.
Author : Ibrahim Warde
Publisher : Edinburgh University Press
Page : 288 pages
File Size : 31,23 MB
Release : 2010-05-15
Category : Business & Economics
ISBN : 0748631674
Islamic finance is growing at an astonishing rate and is now a $1200 billion industry, with operations in over 100 countries. This book explains the paradox of a system rooted in the medieval era thriving in the global economy. Coverage is exhaustively comprehensive, defining Islamic finance in its broadest sense to include banks, mutual funds, securities firms and insurance (or takaful) companies. The author places Islamic finance in the context of the global political and economic system and covers a wide variety of issues such as the underlying principles of Islamic finance, the range of Islamic financial products, and country differences. He also discusses a number of economic, political, regulatory and religious concerns and challenges. This second edition has been completely revised and updated to take into account the great changes and developments in the field in recent times. It includes the impact of the 9/11 and 7/7 terrorist attacks on the industry, the new forms of interaction with Western financial institutions, the emergence of innovative products such as sukuk, attempts by a broad range of financial centres - including Kuala Lumpur, London, Singapore, Bahrain and Dubai - to become global hubs of Islamic finance, and the repercussions of the 2008 global financial meltdown on Islamic institutions.
Author : M. Kabir Hassan
Publisher : Emerald Group Publishing
Page : 328 pages
File Size : 24,25 MB
Release : 2022-01-20
Category : Business & Economics
ISBN : 1800716257
In Towards a Post-Covid Global Financial System a team of experts explore how COVID-19 has affected the most vulnerable parts of the global economy; how it has been met by Islamic banking and finance; and how the principles of Islamic social finance could be used to have a fairer, more resilient Islamic finance system for all.
Author : Gairuzazmi M Ghani
Publisher :
Page : 0 pages
File Size : 39,76 MB
Release : 2019
Category :
ISBN :
Many Muslims are marginalized from the global economy because mainstream interest-based financial system is in conflict with the principles of sharÊÑah (Islamic law). To address the issue, IBF has developed which offer instruments that are compliant with sharÊÑah. The ultimate objective of IBF is to promote Islamic norms of economic behavior, and ultimately to realise the maqÉsid of sharÊÑah in creating a just economic system thru the elimination of ribÉ'. The PLS instruments employed by IBF institutions, such as muÌārabah, are considered the ideal mode of Islamic finance. In contrast to conventional interest-based finance, PLS instruments counter unequal distributions of income and wealth, leading to an optimal allocation of resources. PLS instruments ensure justice in the relationships between the parties involved, as returns to the bank are dependent on the operational results of entrepreneurs.The growth of IBF institutions has been phenomenal since their introduction in the 1960s. The expansion has been especially pronounced in the 1970s and since the late 1990s. The upsurge of IBF in the 1970s was driven by oil price rises, competition for regional power between Egypt and Saudi Arabia, and a general Islamic resurgence. The second upsurge has involved similar drivers, but with the added benefit of standardized regulation and management, as well as improved overall business decision-making. The aftermath of 11 September 2001 reinforced the second surge in Islamic finance. The sense that Islam was under siege strengthened the quest for common ground in the operations of IBF institutions. Divergent interpretations of the sharÊÑah had previously divided the industry.
Author : Faisal Ansari
Publisher : Koros Press
Page : 300 pages
File Size : 31,85 MB
Release : 2013-04
Category : Finance
ISBN : 9781781633755
Islamic finance has grown at an annual rate that exceeds twenty percent a year and is now a two hundred billion dollar industry operating in more than seventy countries. A best-selling text that introduces the role of Islamic finance in the global economy, this book unravels the paradox of a thriving system rooted in medieval practice.
Author : Hussein Elasrag
Publisher : Hussein Elasrag
Page : 122 pages
File Size : 10,76 MB
Release : 2018-02-08
Category : Business & Economics
ISBN : 8827566910
The world economy is still suffering the crisis, considered the most severe since the Great Depression, where economic downturn at historic magnitude and many countries across the globe, irrespective of their development level, are still under strain dealing with this crisis.This book tries to note the main causes and the impacts of the current financial and economic crisis. In addition to discuss the belief that the Islamic Finance and its prospective is a viable alternative to the ailing global financial system
Author : Zamir Iqbal
Publisher : World Bank Publications
Page : 376 pages
File Size : 31,74 MB
Release : 2013-08-05
Category : Business & Economics
ISBN : 0821399535
Although Islamic finance is one of the fastest growing segments of emerging global financial markets, its concepts are not fully exploited especially in the areas of economic development, inclusion, access to finance, and public policy. This volume is to improve understanding of the perspective of Islamic finance on economic development, social and economic justice, human welfare, and economic growth.
Author : REDmoney
Publisher : John Wiley & Sons
Page : 578 pages
File Size : 28,41 MB
Release : 2014-04-07
Category : Business & Economics
ISBN : 1118814436
Get up to speed quickly on the world's fastest growing financial sector The Islamic Finance Handbook: A Practitioner's Guide to the Global Markets is the definitive report for the Islamic finance industry. Written by the industry's leading practitioners, the book provides a country-by-country breakdown of the current state of the Islamic market, including league tables by region and by country. Relevant case studies are used throughout to illustrate the practical aspect of the information presented. Organized for easy navigation, each chapter features sub-sections that allow instant comparison between countries in a specific area of interest. The Islamic finance industry is the world's fastest growing sector, valued at over U.S. $1.3 trillion by the UK Islamic Finance secretariat, with an annual growth of 24% for the past five years. To compete globally, practitioners need a true understanding of key markets within the industry. The Islamic Finance Handbook paints a clear picture of where each country stands in its development and role within the market, and provides a straightforward comparison between markets. Features include: Current macroeconomic and microeconomic conditions Regulatory and political situations Recent transactions, key participants, and the investor climate Real-world cases, as opposed to speculative scenarios The book places a clear focus on current conditions versus past performance, and on practical applications versus theoretical speculation. Each chapter is authored by a leading practitioner from within each country, allowing a true glimpse inside the day-to-day workings of the Islamic markets. For finance professionals who need to get up to speed on this rapidly growing sector, The Islamic Finance Handbook: A Practitioner's Guide to the Global Markets is a clear, comprehensive guide.
Author : James Simon Watkins
Publisher : Springer Nature
Page : 533 pages
File Size : 23,3 MB
Release : 2020-11-23
Category : Business & Economics
ISBN : 3030598403
This book examines whether Islamic finance and Islamic economics is challenging the orthodoxy of the money markets. Can ethical finance combined with the prohibition on interest and speculation really work in the global economy? With a political economy approach, the book explores how the industry has grown in modern times – from a short-lived bank in an Egyptian city in the 1960s through to a global industry that is today valued at US$2.05 trillion. From the revelation as articulated by the Prophet Muhammed in the seventh century through to the gleaming 21st century skyscrapers of Dubai and Kuala Lumpur, the book covers the end of European colonialism, the controversial utterances of self-styled religious leaders, the impact of Islamophobia, and the efforts to end poverty through Islamic microfinance. The book uncovers an industry that is both profitable and changing the face of contemporary capitalism.
Author : Hossein Askari
Publisher : John Wiley & Sons
Page : 225 pages
File Size : 39,26 MB
Release : 2010
Category : Business & Economics
ISBN : 0470823496
This book is the first serious attempt to study the affiliation between the current trend of globalization and the development of Islamic finance. It explores the potential convergence of Islamic and conventional finance as these systems continue their progress in designing and developing better risk-sharing structures and an expanded menu of financial instruments. The authors offer innovative thoughts on the future of Islamic finance in the wake of globalization. References and comparison of the historical financial globalization episode and today's globalization are made. In addition, it also looks into the legal, institutional, governance, and financial preconditions that must exist for globalization and Islamic finance to succeed.