Foundations of Islamic Governance

Foundations of Islamic Governance PDF Author: Maszlee Malik
Publisher: Taylor & Francis
ISBN: 1315414643
Category : Philosophy
Languages : en
Pages : 295

Get Book Here

Book Description
Islam can contribute towards the development of societies by establishing a unique model of governance from its explicit ontological worldview through a directed descriptive epistemology. The research on governance in this study does not only focus on the positivistic materialist components such as institutions or mechanisms or growth per se, but it encompasses the value-laden holistic nature of human life in accordance with the Islamic worldview as an important contribution. In doing so, it formulates ‘good governance’ in Islam in relation to the conceptualized ‘ihsani social capital’, which constitutes the main thrust of the constructed model.

Foundations of Islamic Governance

Foundations of Islamic Governance PDF Author: Maszlee Malik
Publisher: Taylor & Francis
ISBN: 1315414643
Category : Philosophy
Languages : en
Pages : 295

Get Book Here

Book Description
Islam can contribute towards the development of societies by establishing a unique model of governance from its explicit ontological worldview through a directed descriptive epistemology. The research on governance in this study does not only focus on the positivistic materialist components such as institutions or mechanisms or growth per se, but it encompasses the value-laden holistic nature of human life in accordance with the Islamic worldview as an important contribution. In doing so, it formulates ‘good governance’ in Islam in relation to the conceptualized ‘ihsani social capital’, which constitutes the main thrust of the constructed model.

Foundations of Shari'ah Governance of Islamic Banks

Foundations of Shari'ah Governance of Islamic Banks PDF Author: Karim Ginena
Publisher: John Wiley & Sons
ISBN: 1118460774
Category : Business & Economics
Languages : en
Pages : 402

Get Book Here

Book Description
A practical guide for robust sharī'ah governance of the Islamic banking industry Debate in the market on the extent of sharī'ah compliance of Islamic banks, their products, and activities has piqued stakeholders' interest. In Foundations of Sharī'ah Governance of Islamic Banks, Karim Ginena and Azhar Hamid explore the depths of sharī'ah governance to unravel its mysterious dimensions, and equip academics and practitioners with a solid understanding of the subject, which has become a serious challenge and thus deserves dedicated attention. The authors make a strong case for the need to contain the sharī'ah risk that Islamic banks experience, and present a compelling argument for how this should be done. Ginena and Hamid propose a robust sharī'ah governance model that comprehensively tackles thisrisk, and helps improve the extent of sharī'ah compliance of market players. The authors detail the internal, external, and institutional arrangements needed to promote responsible sharī'ah governance, and critically analyze current laws, regulations, and industry practices on the topic. The chapters of the book do the following: Examine the roots, characteristics and objectives of sharī'ah and its relation to financial dealings; Probe the role of regulators in sharī'ah governance, explore the different approaches adopted by banking supervisors, and provide examples of relevant legal and regulatory measures; Explain to bank directors and management the fiduciary duty they assume with respect to sharī'ah compliance, and detail how they could discharge this responsibility in line with best practices; Elaborate on the purpose of the Sharī'ah Supervisory Board (SSB), its responsibilities, competence criteria, internal regulations, and key governance guidelines; additionally, they explore different SSB models; Describe the internal sharī'ah control system including its six components, and examine the internal sharī'ah audit function as well as different stages of conducting a sharī'ah audit; Clarify the role of a sharī'ah auditor, with guidance on reporting lines, scope of duties, authority, and practical ways on fulfilling tasks, such as a sample sharī'ah risk assessment grid and audit checklists; Discuss the newly emerging external sharī'ah advisory firms that are expected to play a key role in the coming years and the services they provide. Through an effective treatment of each of these elements, and the way that they interact with one another, the book offers a fresh take on how robust sharī'ah governance of Islamic banks can be successfully accomplished. It is a comprehensive resource for academics, regulators, directors, lawyers, auditors, consultants, employees, and customers of Islamic banks interested in learning more about these challenges. This essential reading persuasively extends the discourse on the subject and addresses critical sharī'ah issues that have policy implications for decision makers in jurisdictions aiming to attract the fast-growing Islamic finance industry or increase their market share.

Islam and the Foundations of Political Power

Islam and the Foundations of Political Power PDF Author: Ali Abdel Razek
Publisher: Edinburgh University Press
ISBN: 0748689400
Category : History
Languages : en
Pages : 183

Get Book Here

Book Description
The translation of an essay first published in Egypt in 1925, which took the contemporaries of its author by storm. At a time when the Muslim world was in great turmoil over the question of the abolition of the caliphate by Mustapha Kamal Ataturk in Turke

Islam and Good Governance

Islam and Good Governance PDF Author: M. A. Muqtedar Khan
Publisher: Springer
ISBN: 1137548320
Category : Religion
Languages : en
Pages : 294

Get Book Here

Book Description
This book advances an Islamic political philosophy based on the concept of Ihsan, which means to do beautiful things. The author moves beyond the dominant model of Islamic governance advanced by modern day Islamists. The political philosophy of Ihsan privileges process over structure, deeds over identity, love over law and mercy and forgiveness over retribution. The work invites Muslims to move away from thinking about the form of Islamic government and to strive to create a self-critical society that defends national virtue and generates institutions and practices that provide good governance.

The Foundations of Islamic Banking

The Foundations of Islamic Banking PDF Author: Mohamed Ariff
Publisher: Edward Elgar Publishing
ISBN: 1849807930
Category : Business & Economics
Languages : en
Pages : 297

Get Book Here

Book Description
After barely half a century of experience, Islamic banking has become established as a new niche industry across the world offering new and sophisticated financial products designed to be compliant with the principles of Islamic legal principles and common law. This comprehensive book explores the theory, principles and practices underpinning this rapidly expanding sector of banking. Expert contributors ¿ including eminent scholars and senior practitioners in the field ¿ examine the roots of the principles of ethical Islamic financial transactions, which have evolved over several millennia, on issuesincluding usury, interest rates, financial contracting for funding enterprises, for mortgages, for leasing and other financial transactions. Regulatory and governance issues are discussed, and the practice and operation of Islamicfinancial institutions are explained via three distinct case studies. Importantly, the final chapter looks at what steps are being taken to provide professional accreditation to Islamic banking professional personnel, and prescribes requirements for training in this growing industry.

Edinburgh Companion to Shari'ah Governance in Islamic Finance

Edinburgh Companion to Shari'ah Governance in Islamic Finance PDF Author: Syed Nazim Ali
Publisher: Edinburgh University Press
ISBN: 1474436013
Category : Business & Economics
Languages : en
Pages : 481

Get Book Here

Book Description
Written by a group of prominent shari'ah scholars, academics and practitioners in the field of Islamic finance, this book contains 17 in-depth case studies of shari'ah governance practices and experiences as well as critical analysis of these practices. It serves as a standalone comprehensive reference work on shari'ah governance, containing an overview of its Islamic legal foundations, its evolution and development over the years, current practices and debates on shari'ah governance standards and future prospects for shari'ah governance in the global Islamic finance market.

The Impossible State

The Impossible State PDF Author: Wael B. Hallaq
Publisher: Columbia University Press
ISBN: 0231530862
Category : Political Science
Languages : en
Pages : 273

Get Book Here

Book Description
Wael B. Hallaq boldly argues that the "Islamic state," judged by any standard definition of what the modern state represents, is both impossible and inherently self-contradictory. Comparing the legal, political, moral, and constitutional histories of premodern Islam and Euro-America, he finds the adoption and practice of the modern state to be highly problematic for modern Muslims. He also critiques more expansively modernity's moral predicament, which renders impossible any project resting solely on ethical foundations. The modern state not only suffers from serious legal, political, and constitutional issues, Hallaq argues, but also, by its very nature, fashions a subject inconsistent with what it means to be, or to live as, a Muslim. By Islamic standards, the state's technologies of the self are severely lacking in moral substance, and today's Islamic state, as Hallaq shows, has done little to advance an acceptable form of genuine Shari'a governance. The Islamists' constitutional battles in Egypt and Pakistan, the Islamic legal and political failures of the Iranian Revolution, and similar disappointments underscore this fact. Nevertheless, the state remains the favored template of the Islamists and the ulama (Muslim clergymen). Providing Muslims with a path toward realizing the good life, Hallaq turns to the rich moral resources of Islamic history. Along the way, he proves political and other "crises of Islam" are not unique to the Islamic world nor to the Muslim religion. These crises are integral to the modern condition of both East and West, and by acknowledging these parallels, Muslims can engage more productively with their Western counterparts.

Islamic Wealth Management

Islamic Wealth Management PDF Author: Mohamed Ariff
Publisher: Edward Elgar Publishing
ISBN: 1786439395
Category : Finance
Languages : en
Pages : 417

Get Book Here

Book Description
From an Islamic perspective, although the ownership of wealth is with God, humans are gifted with wealth to manage it with the objective of benefiting the human society. Such guidance means that wealth management is a process involving the accumulation, generation, purification, preservation and distribution of wealth, all to be conducted carefully in permissible ways. This book is the first to lay out a coherent framework on how wealth management should be conducted in compliance with guiding principles from edicts of a major world religion.

Research in Corporate and Shari'ah Governance in the Muslim World

Research in Corporate and Shari'ah Governance in the Muslim World PDF Author: Toseef Azid
Publisher: Emerald Group Publishing
ISBN: 1789730090
Category : Business & Economics
Languages : en
Pages : 368

Get Book Here

Book Description
Research in Corporate and Shari'ah Governance in the Muslim World: Theory and Practice aims to address a critical disciplinary gap between Islamic theory and the practice of the corporate sector in the Muslim World. Adopting a critical approach, the book sheds light on the impact of corporate governance on the economies of the Muslim world.

Islamic Government

Islamic Government PDF Author: Ayatullah Ruhullah Khomeini
Publisher:
ISBN: 9781494871925
Category : Religion
Languages : en
Pages : 166

Get Book Here

Book Description
This book is one of the many Islamic publications distributed by Ahlulbayt Organization throughout the world in different languages with the aim of conveying the message of Islam to the people of the world.You may read this book carefully and should you be interested to have further study on such publications you can contact us through www.shia.es Naturally, if we find you to be a keen and energetic reader we shall give you a deserving response in sending you some other publications of this Organization.