Islamic Finance Fundamentals With Applications in Malaysia (UUM Press)

Islamic Finance Fundamentals With Applications in Malaysia (UUM Press)
Author: Shahriza Osman
Publisher: UUM Press
Total Pages: 110
Release: 2016-01-01
Genre: Business & Economics
ISBN: 9670876729

Islam postulates a unique link of contracts among the creator, man and society on the basis of Syariah law that directly affects the workings of the various social, political, economic, and financial systems. Therefore, to understand the way in which economic affairs and financial institutions are organized in an Islamic system, it is first necessary to comprehend the nature of this relationship. Consequently, one cannot study a particular aspect or part of an Islamic system, economics, for example, in isolation, without having understanding of the basic knowledge of Islamic finance. Islamic finance products are contract-based. This book explains Islamic finance, which refers to the provision of financial services in accordance with Syariah law in chapter one. The Syariah law is the foundation for the establishment of an Islamic banking system. Chapter two illustrates the differences between the principles of Syariah and Tabii’. Chapter three explains the Islamic theory of profit. Chapter four is about risk and uncertainty, which is known as gharar in Islamic finance. Chapter five discusses interest/riba, which is the most significance principle of Islamic banking. Chapter six explains some of the financial issues related to Islamic banking.

The Basics of Islamic Finance With Applications in Malaysia (UUM Press)

The Basics of Islamic Finance With Applications in Malaysia (UUM Press)
Author: Sabariah Nordin
Publisher: UUM Press
Total Pages: 106
Release: 2016-01-04
Genre: Business & Economics
ISBN: 9670876737

The Islamic way of dealing with business transactions is unique. With the guidance from Syariah principles, Muslims are prohibited to engage in any activity which can cause harm to other traders or consumers. Nowadays, Islamic Finance is accepted and is gaining popularity in the financial market environment due to its success in attracting people, especially investors from the Gulf Countries. It is also due to the rising demand from Non-Muslim investors for ethical financing and investment. This change in the financial landscape led to the idea to write this book, which gives an in-depth insight into the basic idea or concepts used in Islamic finance. Although this book emphasizes on the application of Islamic finance in Malaysia, the underlying application is more or less the same for other countries adopting Islamic finance tools. This book is divided into five chapters. Chapter 1 looks at the overview of Islamic finance and banking. A thorough understanding of the function of money, capitalist economy and commonly used modes in Islamic finance and banking, such as Musyarakah, Mudharabah, Murabahah and Ijarah, are essential for understanding the other topics covered in this book. Chapter 2 provides an understanding on interest rates in the context of time value of money, price expectation and business cycles. Chapter 3 is on riba from an Islamic perspective; it looks at the definition of riba, the prohibition of riba, types and classification of riba and the difference between riba and profit. Chapter 4 focusses on the Islamic Capital Market, which includes Islamic Money Market, Islamic Banking and Islamic Insurance. The chapter shows the commonly used Islamic capital market instruments, such as Sukuk, Islamic Syariah Equity and Islamic Real Estate Investment Trust (REITs). Finally, Chapter 5 deals with Islamic Financial Institutions and Market Regulators which lay the foundation for and development of Islamic finance. These international bodies and regulators are the Islamic Financial Services Board (IFSB), International Islamic Financial Market (IIFM) and Accounting and Auditing Organization for Islamic Financial Institutions (AAOFI). The chapter also discusses regulators in Malaysia, such as Bank Negara Malaysia (BNM), Securities Commission (SC) and Labuan Financial Services Authority (FSA). In addition, this final chapter explains some laws in Malaysia which relate to Islamic Finance and Banking.

Islamic Economics: Principles and Analysis

Islamic Economics: Principles and Analysis
Author: Moutaz Abojeib
Publisher: International Shari’ah Research Academy for Islamic Finance (ISRA)
Total Pages: 4
Release: 2018-12-01
Genre: Business & Economics
ISBN: 9671656811

With the impressive emergence of Islamic finance as a branch of Islamic economics, the need for a solid knowledge base that encompasses theories, thoughts and applications related to the subject increased in importance. However, writing about Islamic economics is a great challenge due to the differences in opinion on many of its issues. This includes methodologies for determining the Islamic perspective on economic concepts and issues as well as applicable solutions for today’s economic and social problems. It is further argued that Islamic economics topics are not as clear as those in conventional economics as they have their own religious, spiritual and social dimensions. The points of controversy have generated lengthy discussions. Moreover, Islamic economics encompasses a vast array of topics and approaches, from the purely theoretical, which may include philosophy or religious ideas, to mathematical and quantitative analyses. We tried our best throughout this textbook to simplify, clarify and summarise these concepts to make them accessible to all readers including students, practitioners, academics and even interested non-specialists. This textbook presents, discusses and analyses various topics and issues related to Islamic economics ranging from philosophical, epistemological and methodological to microeconomic and macroeconomic perspectives. In this endeavour, the social aspect of Islamic economics—an essential part of the discipline—is not neglected. The textbook compares Islamic ideas and concepts related to economics with those in conventional economics to highlight Islamic economics as a distinct field of knowledge with an emphasis on the ethical and social aspects. The authors have tried their level best to explain the theoretical concepts as simply as possible without ignoring today’s realities and without compromising Sharīʿah principles and objectives. One of the main objectives of the book is to provide the reader with Islamic economic ideas and solutions that are realistic and applicable within the current highly globalised economic and business environment, which is largely dominated by conventional interest-based systems and institutions. Despite being written for an elementary-level audience, this textbook can also be beneficial to a wide range of specialist and non-specialist readers and seekers of knowledge. For those specialising in Islamic economics, it is an appropriate source of reference to gain an overview on different topics relating to the foundations of Islamic economics. At this point, however, it must be mentioned that each topic deliberated upon, by its nature, would require a book on its own to cover all its aspects. Therefore, further exploration is required for Islamic economics specialists. A list of references and recommended readings is provided for that purpose at the end of each chapter. On the other hand, students of mainstream economics, finance and other academic majors will find this textbook an excellent resource for comprehensive knowledge of Islamic economics and its related issues. Universities may benefit from the different topics presented in this textbook in designing or preparing their economics courses at different levels based on their own curriculums and classes. This textbook could be used at the undergraduate level or even for a master’s level economics or Islamic economics course, especially in an Islamic banking and finance programme or for an MBA having a specialisation in Islamic banking and finance where an economics or Islamic economics course is offered. Furthermore, practitioners and interested readers who are seeking essential and simple knowledge about Islamic economics will also find this textbook to be a helpful guide. It is important to mention here that Islamic economics literature shows wide differences among the scholars in almost every subtopic. Presenting all opinions within a limited number of pages is almost impossible. However, with the great contribution of more than 60 scholars from a wide span of countries and from various economic schools, this book represents an important attempt to present the topics and issues from various perspectives with the maximum objectivity possible. Through comprehensive content editing, the editors have striven to improve the flow of arguments, remove inconsistencies and put the ideas together in as coherent a manner as possible. However, the editors acknowledge that some biases and overlaps may still persist.

International Corporate Finance, + Website

International Corporate Finance, + Website
Author: Laurent L. Jacque
Publisher: John Wiley & Sons
Total Pages: 885
Release: 2014-03-24
Genre: Business & Economics
ISBN: 1118781864

A thorough introduction to corporate finance from a renowned professor of finance and banking As globalization redefines the field of corporate finance, international and domestic finance have become almost inseparably intertwined. It's increasingly difficult to understand what is happening in capital markets without a firm grasp of currency markets, the investment strategies of sovereign wealth funds, carry trade, and foreign exchange derivatives products. International Corporate Finance offers thorough coverage of the international monetary climate, including Islamic finance, Asian banking, and cross-border mergers and acquisitions. Additionally, the book offers keen insight on global capital markets, equity markets, and bond markets, as well as foreign exchange risk management and how to forecast exchange rates. Offers a comprehensive discussion of the current state of international corporate finance Provides simple rules and pragmatic answers to key managerial questions and issues Includes case studies and real-world decision-making situations For anyone who wants to understand how finance works in today's hyper-connected global economy, International Corporate Finance is an insightful, practical guide to this complex subject.

World Development Report 2017

World Development Report 2017
Author: World Bank Group
Publisher: World Bank Publications
Total Pages: 605
Release: 2017-01-23
Genre: Business & Economics
ISBN: 1464809518

Why are carefully designed, sensible policies too often not adopted or implemented? When they are, why do they often fail to generate development outcomes such as security, growth, and equity? And why do some bad policies endure? World Development Report 2017: Governance and the Law addresses these fundamental questions, which are at the heart of development. Policy making and policy implementation do not occur in a vacuum. Rather, they take place in complex political and social settings, in which individuals and groups with unequal power interact within changing rules as they pursue conflicting interests. The process of these interactions is what this Report calls governance, and the space in which these interactions take place, the policy arena. The capacity of actors to commit and their willingness to cooperate and coordinate to achieve socially desirable goals are what matter for effectiveness. However, who bargains, who is excluded, and what barriers block entry to the policy arena determine the selection and implementation of policies and, consequently, their impact on development outcomes. Exclusion, capture, and clientelism are manifestations of power asymmetries that lead to failures to achieve security, growth, and equity. The distribution of power in society is partly determined by history. Yet, there is room for positive change. This Report reveals that governance can mitigate, even overcome, power asymmetries to bring about more effective policy interventions that achieve sustainable improvements in security, growth, and equity. This happens by shifting the incentives of those with power, reshaping their preferences in favor of good outcomes, and taking into account the interests of previously excluded participants. These changes can come about through bargains among elites and greater citizen engagement, as well as by international actors supporting rules that strengthen coalitions for reform.

Islamic Capital Markets

Islamic Capital Markets
Author: Marjan Šīrmuḥammadī
Publisher:
Total Pages: 758
Release: 2015
Genre: Capital market
ISBN: 9789673496525

La 4è de couv. indique : "One of the predicaments that readers on the Islamic Capital Market (ICM) face is a lack of comprehensive and quality literature that combines theoretical insight with practical knowledge of the market's operations. The textbook in your hand is a remarkable effort by the International Shari'ah Research Academy for Islamic Finance (ISRA) in collaboration with Securities Commission Malaysia to answer this call. It systematically presents the various aspects of the theory of ICM and its operations by starting with the simplest ideas and moving on to the complex applied issues. The topics covered include : an overview of ICM and its development ; Shari'ah principles, contracts and issues ; regulatory and governance frameworks ; risk management, accounting and taxation issues ; details on different segments of the ICM, including şukük, Shari'ah-compliant stocks, Islamic fund management, Islamic private equity and venture capital, Islamic derivatives and Islamic structured investment products ; and future directions for the ICM. The discussion is not confined to any specific jurisdiction ; rather, it provides a comparison and analysis of the relevant issues across different countries. The presentation is illustrative, aided by numerous charts, figures, tables, diagrams and case studies. It is believed that this new textbook on ICM will go a long way in filling a crucial information gap and quenching the knowledge needs of academics, practitioners and regulators."

Islamic Foundations of a Free Society

Islamic Foundations of a Free Society
Author: Mustafa Acar
Publisher: London Publishing Partnership
Total Pages: 212
Release: 2016-09-12
Genre: Religion
ISBN: 0255367295

Islam is growing rapidly both in its traditional homelands and in the West. Some in the West view Islam with a mixture of fear and suspicion. However, it is also fair to say that there is widespread ignorance about Islam, and especially about its relationship to political systems and the economy. Is Islam compatible with a free society and a free economy? Is the fact that many Muslim-majority states do not have free economies or polities a result of an incompatibility between Islam and political and economic freedom, or does it result from an unfortunate series of historical events? What role has past colonialism played in encouraging Muslim extremism? Exactly what does Islam have to say about freedom in economic, political and religious life? This book, written by a range of Islamic scholars, sheds a great deal of light on these crucial questions. It is an important book for those in the West who need to understand Islam better. It is also important for those in Muslim countries who can influence the development of political systems and economic policy. The publication of this book could not be more timely.

Finance for City Leaders Handbook

Finance for City Leaders Handbook
Author: Marco Kamiya
Publisher: UN
Total Pages: 292
Release: 2016
Genre: Political Science
ISBN:

Finance for City Leaders presents an up-to-date, comprehensive, and in-depth analysis of the challenges posed by rapid urbanization and the various financing tools municipalities have at their disposal.

Java EE 8 Application Development

Java EE 8 Application Development
Author: David R. Heffelfinger
Publisher: Packt Publishing Ltd
Total Pages: 364
Release: 2017-12-12
Genre: Computers
ISBN: 1788297334

Develop Enterprise Java applications compliant with the latest version of the Java EE specification About This Book This book covers all of the major Java EE 8 APIs and includes new additions such as enhanced Security, JSON-B Processing, and more Learn additional Java EE APIs, such as the Java API for Websocket and the Java Message Service (JMS) Develop applications by taking advantage of the latest versions of CDI, Security, Servlets, and JSF and other Java EE specifications Who This Book Is For If you are a Java developer who wants to become proficient with Java EE 8, this book is ideal for you. You are expected to have some experience with Java and to have developed and deployed applications in the past, but you don't need any previous knowledge of Java EE. What You Will Learn Develop and deploy Java EE applications Embrace the latest additions to the Contexts and Dependency Injection (CDI) specification to develop Java EE applications Develop web-based applications by utilizing the latest version of JavaServer Faces, JSF 2.3. Understand the steps needed to process JSON data with JSON-P and the new JSON-B Java EE API Implement RESTful web services using the new JAX-RS 2.1 API, which also includes support for Server-Sent Events (SSE) and the new reactive client API In Detail Java EE is an Enterprise Java standard. Applications written to comply with the Java EE specification do not tie developers to a specific vendor; instead they can be deployed to any Java EE compliant application server. With this book, you'll get all the tools and techniques you need to build robust and scalable applications in Java EE 8. This book covers all the major Java EE 8 APIs including JSF 2.3, Enterprise JavaBeans (EJB) 3.2, Contexts and Dependency Injection (CDI) 2.0, the Java API for WebSockets, JAX-RS 2.1, Servlet 4.0, and more. The book begins by introducing you to Java EE 8 application development and goes on to cover all the major Java EE 8 APIs. It goes beyond the basics to develop Java EE applications that can be deployed to any Java EE 8 compliant application server. It also introduces advanced topics such as JSON-P and JSON-B, the Java APIs for JSON processing, and the Java API for JSON binding. These topics dive deep, explaining how the two APIs (the Model API and the Streaming API) are used to process JSON data. Moving on, we cover additional Java EE APIs, such as the Java API for Websocket and the Java Message Service (JMS), which allows loosely coupled, asynchronous communication. Further on, you'll discover ways to secure Java EE applications by taking advantage of the new Java EE Security API. Finally, you'll learn more about the RESTful web service development using the latest JAX-RS 2.1 specification. You'll also get to know techniques to develop cloud-ready microservices in Java EE. Style and approach The book takes a pragmatic approach, showing you various techniques to utilize new features of Java EE 8 specification. It is packed with clear, step-by-step instructions, practical examples, and straightforward explanations.