Financial Instruments and Cash Waqf

Financial Instruments and Cash Waqf PDF Author: Ahmed Tahiri-Jouti
Publisher: Springer Nature
ISBN: 3031043375
Category : Business & Economics
Languages : en
Pages : 242

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Book Description
The book, organized in three parts, offers a guide to constructing financial instruments based on cash waqf in alignment with the Sustainable Development Goals. The first part discusses the alignment between the Shari'ah economic objectives and the SDGs, the Islamic social finance concept, its instruments and institutions and the intersection between Islamic finance and Islamic social finance. The second part presents a product structure that is based on cash waqf and is targeting the SDGs specifically. Some of these product structures involve zakat collection. The third part of the book presents the methodology to gather all these product structures in a national cash waqf ecosystem that is targeting SDGs. The aim of this ecosystem is to increase the impact of the various initiatives and instruments. In addition to this, the third part of the book presents the concept of Waqf offshore centers and the methodology to conceive and implement them. The aim of these Waqf offshore centers is to connect national cash waqf ecosystems and individuals with investment opportunities bringing more impact. This book will be of interest to academics, researchers, and practitioners of not only Islamic finance but sustainable finance.

Financial Instruments and Cash Waqf

Financial Instruments and Cash Waqf PDF Author: Ahmed Tahiri-Jouti
Publisher: Springer Nature
ISBN: 3031043375
Category : Business & Economics
Languages : en
Pages : 242

Get Book Here

Book Description
The book, organized in three parts, offers a guide to constructing financial instruments based on cash waqf in alignment with the Sustainable Development Goals. The first part discusses the alignment between the Shari'ah economic objectives and the SDGs, the Islamic social finance concept, its instruments and institutions and the intersection between Islamic finance and Islamic social finance. The second part presents a product structure that is based on cash waqf and is targeting the SDGs specifically. Some of these product structures involve zakat collection. The third part of the book presents the methodology to gather all these product structures in a national cash waqf ecosystem that is targeting SDGs. The aim of this ecosystem is to increase the impact of the various initiatives and instruments. In addition to this, the third part of the book presents the concept of Waqf offshore centers and the methodology to conceive and implement them. The aim of these Waqf offshore centers is to connect national cash waqf ecosystems and individuals with investment opportunities bringing more impact. This book will be of interest to academics, researchers, and practitioners of not only Islamic finance but sustainable finance.

Cash Waqf

Cash Waqf PDF Author: Magda Ismail Abdel Mohsin
Publisher:
ISBN: 9789833927968
Category : Charitable uses, trusts, and foundations (Islamic law)
Languages : en
Pages : 116

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Book Description


Introduction To Islamic Finance

Introduction To Islamic Finance PDF Author: Dimas Bagus Wiranatakusuma Genevieve G. Panerio
Publisher: CV. AZKA PUSTAKA
ISBN: 6238323787
Category : Antiques & Collectibles
Languages : id
Pages : 322

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Book Description
The objective of organizing economic activities in any nation is the production of products and services to satisfy human wants. In the modern era, however, where division of labor and specialization are on the rise, those who produce products and services are not typically the same as those who consume or use them. Consequently, it is necessary to substitute one commodity for another. Barter required a 'double coincidence of desires'; B needed to possess both what A desired and what A could offer in exchange. This arrangement restricted the types of transactions that could be conducted, occupied additional time that could have been spent on production, and impeded the specialization of production. The limitations that the barter system placed on human ambitions lead to the evolution of money.

Waqf-Based Islamic Philanthropic Instruments for Micro-Funding of Micro-Finance

Waqf-Based Islamic Philanthropic Instruments for Micro-Funding of Micro-Finance PDF Author: Tanim Laila
Publisher:
ISBN:
Category :
Languages : en
Pages : 1

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Book Description
Islamic Finance is based on the philosophy of social justice by sharing risk and rewards. It prohibits interest payments, short-selling and contracts considered excessively risky. Islamic finance is based on Shariah, or Islamic law. It requires that gains be derived from ethical and socially responsible investments and discourages interest-based banking and investments in sectors like pork, gambling and pornography and other immoral activities. Investments in long term projects considered to benefit society are held in high regard.Islamic microfinance which is a part of Islamic Finance blends well with the goal of microfinance as both Islamic finance and traditional micro-finance institutions are aimed at achieving economic justice. Islamic microfinance contributes toward uplifting the poor with funding based on profit and loss sharing instead of the high-interest bearing credits offered by traditional microfinance institutions. It has the potential to address the ultra-poor who lack collateral owing to its profit-loss sharing mechanism. This paper shall explore an area of Islamic Finance that deals with one of the two major sectors of Islamic endowments, zakat and waqf. It will elaborate the concept of implementing specialized financial instruments, Cash Waqf to deal with the long mismanaged charitable fund of waqf. It will discuss opportunities for enhancing participation, provide efficient and improved management of endowments, ensure selective investments to maximize the socio-economic benefit and most importantly invest the scattered funds in a productive usage as opposed to current practice of consumerism through the mechanism of micro funding of Islamic microfinance institutions.

Islamic Social Finance and Economic Recovery After a Global Health Crisis

Islamic Social Finance and Economic Recovery After a Global Health Crisis PDF Author: Salina H. Kassim
Publisher:
ISBN: 9781799868118
Category : Finance
Languages : en
Pages : 444

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Book Description
"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"--

Waqf Development and Innovation

Waqf Development and Innovation PDF Author: Syed Nazim Ali
Publisher: Routledge
ISBN: 1000481840
Category : Business & Economics
Languages : en
Pages : 306

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Book Description
Waqf is one of the most potent socio-economic tools for reducing public sector deficit and breaking the chain of intergenerational poverty. Providing a high-level discussion on waqf development and innovation within the context of modern socio-economic and legal developments, this book examines the importance and potentials of waqf and the issues relating to its legal and regulatory framework. The research delivers future directions for countries that plan to explore this socio-economic institution. Readers and policymakers will be able to replicate successful experiments and learn from some failed initiatives to seek alternative funding platforms to support the fiscal policies of developing countries. The volume discusses the relevance and novel application of waqf in the modern economic system and social development, it reviews applicable laws and regulations pertaining to waqf and trust laws and examines critical, cross-country case studies and experiences. Setting an agenda for further researchers in the field of waqf, this comprehensive high-level analysis, with case studies from leading jurisdictions across the world, is a key resource for researchers, policymakers and institutions interested in charitable endowments, Islamic finance, and social finance.

Revitalization of Waqf for Socio-Economic Development, Volume I

Revitalization of Waqf for Socio-Economic Development, Volume I PDF Author: Khalifa Mohamed Ali
Publisher: Springer
ISBN: 3030184455
Category : Business & Economics
Languages : en
Pages : 313

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Book Description
This book explores the various aspects of Waqf management in IsDB member countries/jurisdictions as well as in non-Muslim majority countries. Topics covered include Waqf regulation, its modernization and relationship to Maqasid Al-Shari’ah; performance of Waqf activities; time and activity-wise distribution of Waqf resource management; the antecedents and consequences of Waqf assets (both physical and cash); the strategies and models to promote Waqf-related activities for greater socio-economic development; good governance practices through the formulation of informed policies for Waqf projects; the confluence of Waqf, zakah, charity, and Islamic microfinance impacting socio-economic development and so on. Comprising different issues and perspectives adopted by various authors/researchers, the book is specifically designed to meet the needs of academics and industry practitioners in the field of Islamic finance to provide general and Shari’ah guidelines on the emerging issues within the subject.

Islamic Economic Studies

Islamic Economic Studies PDF Author:
Publisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 276

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Book Description


Handbook of Research on Islamic Social Finance and Economic Recovery After a Global Health Crisis

Handbook of Research on Islamic Social Finance and Economic Recovery After a Global Health Crisis PDF Author: Kassim, Salina
Publisher: IGI Global
ISBN: 1799868133
Category : Business & Economics
Languages : en
Pages : 410

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Book Description
Social financial reporting as an economic tool presents the firm as a socio-economic unit with empowered social capital to enable a sustainable economic solution, particularly in response to the COVID-19 pandemic. Islamic social finance (ISF) is a corporate social responsibility initiative in the form of humanitarian and socio-development programs by Islamic financial institutions and Shariah-compliant corporations. ISF is applied through various methods and tools that structure based on Islamic Sharia Law. For example, Islamic social finance tools would either be philanthropic, involving activities such as zakat (obligatory alms-giving), Sadaqah (voluntary alms-giving/charity), and waqf (endowment) or ta’awun (cooperation-based activities), which include Qardh al-hasan (benevolent loan) and kafala (guarantee). Thus, Islamic social finance instruments play a vital role in alleviating poverty and addressing socio-economic issues such as illiteracy, unemployment, malnutrition, and health issues. As such, integrated ISF reporting can empower sustainable economic development and lead to recovery. The Handbook of Research on Islamic Social Finance and Economic Recovery After a Global Health Crisis provides insights on the role of Islamic social finance in supporting and facilitating economic recovery in the post-COVID-19 era as well as reducing poverty and addressing the challenges of socio-economic problems such as education, unemployment, malnutrition, and health issues. This book is ideally intended for practitioners, stakeholders, researchers, academicians, and students who are interested in improving their understanding on the role of Islamic social finance theoretically and empirically in solving the issue of poverty and developing excellent funds management to achieve economic empowerment with better environmental sustainability.

Monetary Policy, Islamic Finance, and Islamic Corporate Governance

Monetary Policy, Islamic Finance, and Islamic Corporate Governance PDF Author: Toseef Azid
Publisher: Emerald Group Publishing
ISBN: 1800437889
Category : Business & Economics
Languages : en
Pages : 275

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Book Description
Monetary Policy, Islamic Finance, and Islamic Corporate Governance: An International overview explores the interrelationships between corporate governance from the perspective of shari’ah, banking industry and monetary policy and is a must-read for students and professionals.