principles and practices of islamic microfinance for a global economyкупить по выгодной цене в нашем каталоге детских товаров:
Microfinance Institutes and its activities have once again come to the lime light after its pioneer Nobel Laureate Prof. Mohammad Yunus was accused of corruption by the Norwegian State TV (NRK). This research shows how such microfinance institutes, especially the Islamic Microfinance Institutes (IMFIs) and the RDS of the IBBL as a sample, can really contribute to the development of the society, in terms of alleviating poverty, improving lifestyles, and most importantly filling the gaps of basic ‘human needs''. The research focuses on the problems of poverty in Bangladesh, and suggests that the IMFIs need to improve in terms of developing mechanisms, creating jobs as a mean of poverty alleviation and not providing cash loans, and educating the rural mass towards shifting them to real human capitals. It also shows that the IMFIs, with a growth rate of more than 10 percent, have the potentials to soon reach a global arena, and wide open the opportunities to replicate them in other Muslim nations. This book on Islamic Microfinance in Bangladesh should therefore, especially be useful for students, researchers, and professionals related to Islamic Finance and IMFIs industries.
Gain deeper insight into the principles and theory of Islamic economics Introduction to Islamic Economics: Theory and Application provides an overview of the organizing principles and fundamentals of an Islamic economy. With deep discussion of the characteristics, rationale, key institutions, objectives, and instruments at work, the book addresses the core economic principles underlying a system based on the foundational teachings of Islam, and examines the implications for economic policies. Social welfare, economic justice, market functionality, efficiency, and equity are explored from an Islamic perspective, and the role and instruments of fiscal and monetary policy in Islamic systems are used to illustrate contemporary applications. Universities around the globe are offering courses on Islamic economics and finance, but despite the industry's rapid growth, most research has been focused on the financial principles rather than underlying economic principles. The first book of its kind, Introduction to Islamic Economics brings all the key concepts together into one reference volume. By outlining the ways in which Islamic finance and Islamic economics interrelate, this book can help readers to: Develop an understanding of the Islamic economic system and its institutional scaffolding Differentiate between the major characteristics of the dominant conventional economy and one based on the fundamental sources of Islam Understand the conditions that must be met for a just, well-balanced, stable, and growing economy Clarify the role of State, public policy, and risk-sharing in the Islamic financial system The Islamic financial system is expanding quickly, and those looking to increase their relevance in a changing economic landscape must get up to speed. Introduction to Islamic Economics provides a comprehensive overview of underlying economic system offering a deeper understanding of the feature of the system. This book is an excellent complement to Introduction to Islamic Finance, 2E by Iqbal and Mirakhor.
Explore Islamic finance at a deeper level Intermediate Islamic Finance: Theory and Practice fills the gap for students and professionals who are already familiar with the fundamentals of Islamic finance, but would like to gain an enhanced understanding of Islamic finance theories and practices. This comprehensive text provides you with coverage of global developments and describes the role of Islamic finance within the global finance community to guide you in your understanding of this important aspect of the international financial landscape. The book references advance concepts and specific problems in the practice of Islamic finance, provides suggested further readings for each chapter, offers details of advanced analysis, and presents key data in visual form via graphs, figures, and tables. Profound changes have taken place in the financial landscape over the past few decades, including major innovations in financial instruments and substantial changes in regulation. With global financial markets becoming increasingly important players in the industry, it is critical that today's financial professionals understand the essence and implications of key Islamic finance theories and practices. Build upon your fundamental understanding of Islamic finance Explore some areas of convergence and conflict between Islamic finance and conventional finance Strengthen the harmony between Islamic and conventional finance theories and their applications Prepare for a well-rounded career in finance by better understanding how Islamic finance principles apply Intermediate Islamic Finance: Theory and Practice is an essential text for graduate and post-graduate finance students, economists, researchers, bankers, financial regulators, policymakers, and members of the business community who want to develop a deeper understanding of Islamic finance theories and practices.
Tariq Alrifai Islamic Finance and the New Financial System. An Ethical Approach to Preventing Future Financial Crises
Can Islamic finance save the global system? Islamic Finance and the New Financial System describes how the adoption of Islamic finance principles in future regulatory decisions could help prevent future shocks in the global financial system. Using illustrations and examples to highlight key points in recent history, this book discusses the causes of financial crises, why they are becoming more frequent and increasingly severe, and how the new financial system will incorporate elements of Islamic finance – whether deliberately or not. With an introspective look at the system and an examination of the misconceptions and deficiencies in theory vs. practice, readers will learn why Islamic finance has not been as influential as it should be on the larger global system. Solutions to these crises are thoroughly detailed, and the author puts forth a compelling argument about what can be expected in the future. Despite international intervention and global policy changes, the financial system remains in a fragile state. There is an argument to be made about integrating Islamic finance into the new system to facilitate stronger resilience, and this book explains the nuts and bolts of the idea while providing the reader with a general understanding of Islamic finance. Understand the key principles of Islamic finance Examine the history of the current financial system Discover how Islamic finance can help build a new debt-free economy Learn how Islamic finance theory doesn't always dictate practice Although Islamic finance is a growing market, it is still a foreign concept to many. Those within the Islamic finance circles wonder why the system has yet to gain broader appeal despite its ability to create a strong and well-balanced economy. Islamic Finance and the New Financial System provides clever analysis and historical background to put the issues into perspective.
A comprehensive guide to current issues and practices in governance for Takaful and re-Takaful operations As the global demand for Islamic insurance products increases, a thorough understanding of Takaful principles is vital for accountants, auditors, and leaders of companies offering these products. This book covers the basic accounting principles and practices of Takaful operations, including the segregation of assets, liabilities, income, and expenditures between the Takaful operator and participants; the setting aside of cash reserves for meeting outstanding claims and future claims; and the management of revenue and expenditure. Featuring extensive case studies from real-world situations, this book is the perfect primer for accounting students and practitioners unfamiliar with Islamic finance and Takaful operations. Written by experts from the International Islamic University Malaysia, the leading organisation in research in Islamic finance Covers all the major accounting principles and practices Based on real-world experience and packed with illustrative case studies For practicing accountants and business leaders, this book offers a thorough education in Takaful operations while also serving as an excellent guide for undergraduate students and researchers.
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.
This book is based on the research work which is conducted to find out the impact of Islamic Microfinance on poverty. For this purpose, the clients of Islamic Microfinance Institutions, working in Pakistan, were taken as respondents. Pre and Post project evaluation approach is adopted while conducting the research and a comparison is made between the data of 2009 and 2012. Islamic Microfinance is an emerging industry in Pakistan. It has vast potential to merge the mission of microfinance to reach the poor and give them financial access with the Islamic principle of concern for the miserable. This book is useful for the Islamic Microfinance Institutions working in Pakistan or in any other country in the world in order to make better strategies for Islamic Microfinance. Moreover, this book will be helpful and an informative read for the researchers working in the field of Islamic Microfinance.
There had been a need to put in place a proper Islamic accounting framework, as it is vital for the Islamic institutions to adopt proper Islamic accounting standards. The article will highlight the concept and key principles of Islamic banking and finance; discuss the development of the conceptual Framework for accounting for Islamic Finance, some of the main issues in the accounting for Islamic modes of finance in accordance with Islamic Shari’a rules and principle and Basic assumptions and criteria for Islamic accounting
Islamic banking is not a totally new concept in the world. However, there is still a dearth of basic as well advance level literature on different aspects of Islamic banking. This monograph is based on extensive literature review, discussions with eminent scholars and discussion forums on different aspects of Islamic banking. We have tried to cover each related topic in easy an understanding way, so that most of readers can benefit from it. A general concept is added for conventional banking, and detailed concepts and practical implications of Islamic banking are included. We have used terms Islamic banking, shariyya banking, Islamic bank and shariya bank simultaneously, with an operational definition of “a banking system operating on the principles of Islamic economy and teachings.”
The researcher will have to analyse the issues of the current Islamic banking methods from a theoretical aspect in conjunction with religious requirement, pertaining to modern day practices. In an attempt to investigate the efficiency and authenticity of the Islamic banking system in South Africa in substantiating whether it really is Islamic. This study requires the evaluation of qualitative data built on a qualitative analysis conducted to determining whether the South African banking climate is conducive to the really Islamic methodologies in its application to the banking system, and to view customer concerns and understandings of the true principles. Thematic analysis with 20 in-depth interviews held with representatives, from Islamic banks, conventional banks entrepreneurs, investors and economists and Muslim from the general public which also contains magazine articles and You Tube video to reveal their views in aid of governing this research to an interesting conclusion.This research has proven through the interpretations of the finding that Islamic banking is not really Islamic and does not comply with the Islamic code of ethics
Socio-Economic impact assessment of Microfinance programs is of great importance to stakeholders (Government, NGOs, Microfinance Banks and Cooperatives) to investigate the impact of these programs on the poor and marginalized segments in operational areas so as to understand the current scenario and plan optimal strategies for the future. An empirical attempt has been made in the form of this book to investigate and compare; 1. The performance of Conventional and Islamic Microfinance programs with reference to Islamic Relief- Pakistan (IR-Pak) and Sungi Development Foundation (SDF). 2. Financing methodologies of both NGO based microfinance programs 3. Socio-Economic impact on the poor and financially marginalized masses in the areas under consideration of such programs.
Compelling and original, this book offers a unique insight into the modern Islamic corporation, revealing how power, relationships, individual identities, gender roles, and practices - and often massive financial resources - are mobilized on behalf of Islam. Focusing on Muslims in Malaysia, Patricia Sloane-White argues that sharia principles in the region's Islamic economy produce a version of Islam that is increasingly conservative, financially and fiscally powerful, and committed to social control over Muslim and non-Muslim public and private lives. Packed with fascinating details, the book is essential reading for anyone with an interest in Islamic politics and culture in modern life.
Microfinance has been found to be the most appropriate way to provide financial services to a majority of Ghanaians. With a more stable economy, more microfinance Institutions are likely to spring up. MFIs should narrow the gap between nominal saving rate and nominal lending rate to induce clients to save and invest. Microfinance is an attractive development strategy for a wide spectrum of actors, combining values of market-driven service provision, entrepreneurship, self-help, and aid to the poor (Otero & Rhyne, 2001).
Hussein Kureshi Contracts and Deals in Islamic Finance. A User's Guide to Cash Flows, Balance Sheets, and Capital Structures
A very accessible and concise guide to Islamic finance Contracts and Deals in Islamic Finance provides a clear breakdown of Islamic financial contracts and deal structures for beginners. The embedded requirements within selected Islamic financial contracts, such as risk weightage, capital structures, creations of cash flows, and balance sheets, are explained fully to provide a solid understanding of the backbone of the industry. Aimed primarily at beginners and those with a background in conventional banking, this book guides readers through the major contracts, how they're applied, and how to discern a contract's legitimacy. Case studies and interviews with bankers and global regulators provide real-life examples of contract application, and the author's own experiences provide deep insight into the everyday issues that arise. Ancillary instructor's materials include PowerPoint slides and lecture notes that facilitate use in the classroom. Literature describing the application of Islamic financial contracts is few and far between, and those providing a basic breakdown of these contracts and questioning their validity are rarer still. This book is the first of its kind, offering a basic approach to understanding Islamic contracts, designed for the true beginner. Understand the current contracts applied in Islamic banking Learn how contracts are applied across different jurisdictions Identify illegitimate contracts and those not in the spirit of Shariah law Examine the current economic realities surrounding Islamic finance By highlighting the underlying themes in Islamic finance and assessing the current practices, this book gives readers the solid understanding and up-to-date perspective that form a solid foundation upon which successful Islamic finance is practiced. For a solid introduction to the Islamic finance industry, Contracts and Deals in Islamic Finance is an accessible, practical guide.
A comprehensive look at the innovations, applications, and best practices of Islamic finance Islamic-compliant finance is transacted in every major world financial center, and the need for information on the topic in light of its global reach has grown exponentially. As an expert in this field, author Karen Hunt-Ahmed understands the intricacies of this area of the capital markets. Now, along with the help of a number of experienced contributors, she skillfully addresses Islamic finance from the perspective of practitioners, examining issues in wealth management, contract law, private equity, asset management, and much more. Engaging and accessible, Contemporary Islamic Finance skillfully explains the practices and innovations of Islamic finance in everything from banking and real estate to private equity, asset management, and many other areas. It is intended to be the go-to resource for both Muslims as well as non-Muslims with an interest in the subject. Divided into three comprehensive parts, it will put you in a better position to understand, and excel at, this important endeavor. Introduces you to the history, legal structures, and basic financial contracts in the industry Highlights the various issues facing contemporary Islamic finance practitioners, and details their significance in the contemporary financial and cultural environment Includes case studies of United States-based transactions and related challenges and successes Filled with in-depth insights and expert advice, this detailed analysis of Contemporary Islamic Finance will help you gain a firm understanding of how effective this proven approach can be.