Contemporary Issues in Islamic Social Finance Book

Contemporary Issues in Islamic Social Finance

  • Author : Hussain Mohi-ud-Din Qadri
  • Publisher : Routledge
  • Release Date : 2021-08-11
  • Genre: Business & Economics
  • Pages : 382
  • ISBN 10 : 9781000426168

Contemporary Issues in Islamic Social Finance Excerpt :

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.

Contemporary Issues in Islamic Finance Book

Contemporary Issues in Islamic Finance

  • Author : Andrew C. Worthington
  • Publisher : Nova Science Pub Incorporated
  • Release Date : 2014
  • Genre: Business & Economics
  • Pages : 177
  • ISBN 10 : 1629489050

Contemporary Issues in Islamic Finance Excerpt :

Islamic finance is one of the fastest growing segments in the global financial market. However, while the principles and concepts of Islamic finance date since the founding of Islam, it is only recently that widespread application and practice has developed. Further, while predominately Muslim countries obviously fuel the growth of Islamic finance world-wide, both Islamic and conventional financial institutions in countries with smaller Muslim populations, including the UK, the US, and in Europe, are increasingly providing Shariah-compliant financial products and services. The recent global financial crisis especially has encouraged customers and regulators in many countries to consider Islamic finance as an alternative to conventional financial systems. This book compiles recent and cutting edge research in Islamic finance, including Islamic banking, and provides a useful starting point for discussion and policy formulation for academic, industry and government researchers, practitioners, policymakers, and students alike throughout the world. Contributors to the volume include academics with Islamic finance expertise and practitioners and policymakers with a long history of involvement in the sector from across four countries. This mix ensures that the book has comprehensive coverage of many of the issues involved, is highly accessible to the professional and non-professional reader alike, and that it will serve as an authoritative source of information on Islamic finance for years to come.

Awqaf led Islamic Social Finance Book

Awqaf led Islamic Social Finance

  • Author : Mohd Ma'Sum Billah
  • Publisher : Routledge
  • Release Date : 2020-09-15
  • Genre: Business & Economics
  • Pages : 290
  • ISBN 10 : 9781000176216

Awqaf led Islamic Social Finance Excerpt :

This book provides an authoritative and comprehensive overview of Waqf (endowment), addressing specific issues, models, solutions, structures and practices. As Islamic finance has gained in significance, so too has the institution of Waqf, working towards creating an enterprising and an entrepreneurial community across the globe, in order to meet the underlying objectives of the sustainable development goals (SDGs) by targeting the low-income group in particular. The book analyses the historical context of Waqf as well as its revival in the digital era. It addresses the laws and policies affecting the management of Waqf, such as Maqasid al-Shari’ah, law and policies, law and fiscal reform, regulations applied within Muslim countries, judicial procedures and dispute resolutions and covers the core issues concerning the formalities of Waqf, its management and corporate governance questions. The book includes a series of specialised chapters focusing on the products and services of Waqf, covering product innovation, product development, and then assesses the risk factors in Waqf and Waqf Takaful. Finally, it focuses on the challenges of Waqf and offers recommendations for the way forward. A timely and practical guide, comprising a literature review and future research directions, as well as a number of international case studies, this will be a key reference for academics, students, researchers, practitioners and policy makers.

Dilemmas and Challenges in Islamic Finance Book

Dilemmas and Challenges in Islamic Finance

  • Author : Yasushi Suzuki
  • Publisher : Routledge
  • Release Date : 2018-03-09
  • Genre: Business & Economics
  • Pages : 216
  • ISBN 10 : 9781351601856

Dilemmas and Challenges in Islamic Finance Excerpt :

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 : Zulkarnain Bin Muhamad Sori, Sazali Bin Abdul Wahab, Mahmoud Al Homsi
  • Publisher : Penerbit UMK
  • Release Date : 2020-12-01
  • Genre: Law
  • Pages : 232
  • ISBN 10 : 978186723xxxx


This book presents contemporary issues in financial reporting of Islamic financial institutions. Two key areas are covered namely, accounting for Islamic financial transactions and shariah governance. The main motivation to publish this book is to share our understanding on the unique nature of Islamic finance industry and the approach to be taken in accounting and reporting of Islamic financial transactions. Also, the book illustrate the importance of shariah governance in ensuring end-to-end shariah compliance. This book is to provide a practical guidance to researchers, industry practitioners and the others stakeholders.

COVID 19 and Islamic Social Finance Book

COVID 19 and Islamic Social Finance

  • Author : M. Kabir Hassan
  • Publisher : Routledge
  • Release Date : 2021-03-08
  • Genre: Business & Economics
  • Pages : 242
  • ISBN 10 : 9781000356212

COVID 19 and Islamic Social Finance Excerpt :

It is said that the COVID-19 pandemic has turned back the poverty clock. As such, there is a need to have social mechanisms put in place to provide relief to those who are affected in this regard. Islamic social finance consists of tools and institutions that could be used to alleviate poverty. This book explores the impact of COVID-19 on Islamic finance to better understand the effectiveness of Islamic social finance in helping those who have been affected by poverty overnight due to the halt in all major economic activities in the context of the pandemic. Since the struggle against poverty in each country will be different, the book attempts to shed light on the experiences of different countries by presenting successful models of Islamic social finance. The book first looks at poverty and COVID-19 before delving into the role of Islamic social financial institutions and how they have risen against COVID-19. The book concludes by examining the impact of COVID-19 on Islamic microfinance. This book is the first of its kind on the subject of COVID-19, and it intends to bridge the gap in the literature.

Towards a Post Covid Global Financial System Book

Towards a Post Covid Global Financial System

  • Author : M. Kabir Hassan
  • Publisher : Emerald Group Publishing
  • Release Date : 2022-01-20
  • Genre: Business & Economics
  • Pages : 328
  • ISBN 10 : 9781800716254

Towards a Post Covid Global Financial System Excerpt :

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.

New Issues in Islamic Finance and Economics Book

New Issues in Islamic Finance and Economics

  • Author : Hossein Askari
  • Publisher : John Wiley & Sons
  • Release Date : 2011-12-19
  • Genre: Business & Economics
  • Pages : 200
  • ISBN 10 : 9781118179642

New Issues in Islamic Finance and Economics Excerpt :

New Issues in Islamic Finance & Economics: Progress and Challenges provides a review of the main issues and challenges facing Islamic finance. The application of Islamic finance is currently limited to banking. This book starts with an overview of the factors and motives behind the development of Islamic finance. A critical review of issues facing the industry is provided followed by a detailed analysis of areas where further attention is required. The book offers some original thinking on issues pertaining to governance, institutions, public finance and economic development within an Islamic financial system.

Innovative Strategies for Implementing FinTech in Banking Book

Innovative Strategies for Implementing FinTech in Banking

  • Author : Albastaki, Yousif Abdullatif
  • Publisher : IGI Global
  • Release Date : 2020-08-28
  • Genre: Business & Economics
  • Pages : 367
  • ISBN 10 : 9781799832591

Innovative Strategies for Implementing FinTech in Banking Excerpt :

FinTech is encouraging various new practices, such as diminishing the use of cash in different countries, increasing rate of mobile payments, and introducing new algorithms for high-frequency trading across national boundaries. It is paving the way for new technologies emerging in the information technology scene that allow financial service firms to automate existing business processes and offer new products, including crowdfunding or peer-to-peer insurance. These new products cater to hybrid client interaction and customer self-services, changing the ecosystem by increasing outsourcing for focused specialization by resizing and leading to new ecosystems and new regulations for encouraging FinTech. However, such new ecosystems are also accompanied by new challenges. Innovative Strategies for Implementing FinTech in Banking provides emerging research exploring the theoretical and practical aspects of technology inclusion in the financial sector and applications within global financing. It provides a clear direction for the effective implementation of FinTech initiatives/programs for improving banking financial processes, financial organizational learning, and performance excellence. Featuring coverage on a broad range of topics such as artificial intelligence, social financing, and customer satisfaction, this book encourages the management of the financial industry to take a proactive attitude toward FinTech, resulting in a better decision-making capability that will support financial organizations in their journey towards becoming FinTech-based organizations. As such, this book is ideally designed for financial analysts, finance managers, finance administrators, banking professionals, IT consultants, researchers, academics, students, and practitio

Contemporary Islamic Finance Book

Contemporary Islamic Finance

  • Author : Hussein Elasrag
  • Publisher : Independently Published
  • Release Date : 2019-12-08
  • Genre: Uncategoriezed
  • Pages : 361
  • ISBN 10 : 1672909724

Contemporary Islamic Finance Excerpt :

Islamic finance is the only example of a financial system directly based on the ethical precepts of a major religion, providing not only investment guidelines but also a set of unique investment and financing products. Islamic finance is based on Shari'a, the Islamic law that provides guidelines for multiple aspects of Muslim life. The Islamic financial industry is playing a pivotal role in the global economy in general. This book discusses the development of Islamic finance; Explore the challenges of Small and Medium Enterprises funding , Corporate governance and Corporate social responsibility in Islamic finance. The book also discusses the existing use of blockchains in Islamic finance.

Islamic Social Finance and Economic Recovery After a Global Health Crisis Book

Islamic Social Finance and Economic Recovery After a Global Health Crisis

  • Author : Salina H. Kassim
  • Publisher : Unknown
  • Release Date : 2021-03-09
  • Genre: Finance
  • Pages : 444
  • ISBN 10 : 1799868117

Islamic Social Finance and Economic Recovery After a Global Health Crisis Excerpt :

"This book provides ideas to its readers about the approaches pertaining to Islamic social finance tools such as "zakat, sadaqah, waqf, Qardh al-hasan, green Sukuk, Financial literacy, kafala and Takaful", practical implementations, challenges and issues", change management and other related aspects required for community development and poverty alleviation"--

Islamic Social Finance Book

Islamic Social Finance

  • Author : Valentino Cattelan
  • Publisher : Routledge
  • Release Date : 2018-08-06
  • Genre: Business & Economics
  • Pages : 222
  • ISBN 10 : 9781351987431

Islamic Social Finance Excerpt :

The current dynamics of world economy show remarkable changes in the socio-economics of credit provision and entrepreneurship. If the emergence of the sharing economy is fostering innovative models of collaborative agency, networking and venture business, economic actors are also looking for a more sustainable development, able to foster profitability as well as community welfare. This book investigates Islamic social finance as a paramount example of this economy under change, where the balance between economic efficiency and social impact is contributing to the transformation of the market from an exchange- to a community-oriented institution. The collected essays analyse the social dimension of entrepreneurship from an Islamic perspective, highlighting the extent to which the rationales of "sharing," distribution and cooperation, affect the conceptualization of the market in Islam as a place of "shared prosperity." Moving from the conceptual "roots" of this paradigm to its operative "branches," the contributing authors also connect the most recent trends in the financial market to Shari‘ah-based strategies for community welfare, hence exploring the applications of Islamic social finance from the sharing economy, FinTech and crowdfunding to microcredit, waqf, zakat, sukuk and green investments. An illuminating reference for researchers, practitioners and policy-makers dealing with the challenges of a global market where not only is diversity being perceived as a value to be fostered, but also as an important opportunity for a more inclusive economy for everybody.

Modern Islamic Investment Management Book

Modern Islamic Investment Management

  • Author : Mohd Ma'Sum Billah
  • Publisher : Springer
  • Release Date : 2019-07-04
  • Genre: Business & Economics
  • Pages : 248
  • ISBN 10 : 9783030176280

Modern Islamic Investment Management Excerpt :

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.

Contemporary Issues in Financial Institutions and Markets Book

Contemporary Issues in Financial Institutions and Markets

  • Author : John O.S. Wilson
  • Publisher : Routledge
  • Release Date : 2015-07-16
  • Genre: Business & Economics
  • Pages : 144
  • ISBN 10 : 9781317980094

Contemporary Issues in Financial Institutions and Markets Excerpt :

This book brings together academic work on contemporary issues in financial institutions and markets. The general theme is designed to allow for a wide range of topics, covering the diverse nature of academic enquiry in banking and finance. The contributions thus address a broad spectrum of contemporary issues including bank diversification and securitization activities; bank regulatory reforms and competition; the performance of mutual funds and alternative asset classes; role of liquidity in price discovery for credit derivatives; and the existence of the compass rose pattern within option contracts market. This book was originally published as a special issue of The European Journal of Finance.

Artificial Intelligence and Islamic Finance Book

Artificial Intelligence and Islamic Finance

  • Author : Adel M. Sarea
  • Publisher : Routledge
  • Release Date : 2021-12-31
  • Genre: Business & Economics
  • Pages : 262
  • ISBN 10 : 9781000528121

Artificial Intelligence and Islamic Finance Excerpt :

This book provides a systematic overview of the current trends in research relating to the use of artificial intelligence in Islamic financial institutions (IFIs), across all organization of Islamic cooperation (OIC) countries. Artificial Intelligence and Islamic Finance discusses current and potential applications of artificial intelligence (AI) for risk management in Islamic finance. It covers various techniques of risk management, encompassing asset and liability management risk, credit, market, operational, liquidity risk, as well as regulatory and Shariah risk compliance within the financial industry. The authors highlight AI’s ability to combat financial crime such as monitoring trader recklessness, anti-fraud and anti-money laundering, and assert that the capacity of machine learning (ML) to examine large amounts of data allows for greater granular and profound analyses across a variety of Islamic financial products and services. The book concludes with practical limitations around data management policies, transparency, and lack of necessary skill sets within financial institutions. By adopting new methodological approaches steeped in an Islamic economic framework (e.g., analysing FinTech in the context of Shariah principles and Islamic values), it devises practical solutions and generates insightful knowledge, helping readers to understand and explore the role of technological enablers in the Islamic finance industry, such as RegTech and artificial intelligence, in providing better and Shariah-compliant services to customers through digital platforms. The book will attract a wide readership spanning Shariah scholars, academicians, and researchers as well as Islamic financial practitioners and policymakers.