Operative Principles of Islamic Derivatives

Operative Principles of Islamic Derivatives PDF Author: Andreas Jobst
Publisher: International Monetary Fund
ISBN: 1463948298
Category : Business & Economics
Languages : en
Pages : 33

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Book Description
Derivatives are few and far between in countries where the compatibility of financial transactions with Islamic law requires the development of shari'ah-compliant structures. Islamic finance is governed by the shari'ah, which bans speculation and gambling, and stipulates that income must be derived as profits from the shared generation of goods and services between counterparties rather than interest or a guaranteed return. The paper explains the fundamental legal principles underpinning Islamic finance with a view towards developing a cohesive theory of derivatives subject to shari'ahprinciples. After critically reviewing accepted contracts and the scholastic debate surrounding existing financial innovation in this area, the paper offers an axiomatic perspective on a principle-based permissibility of derivatives under Islamic law.

Operative Principles of Islamic Derivatives

Operative Principles of Islamic Derivatives PDF Author: Andreas Jobst
Publisher: International Monetary Fund
ISBN: 1463948298
Category : Business & Economics
Languages : en
Pages : 33

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Book Description
Derivatives are few and far between in countries where the compatibility of financial transactions with Islamic law requires the development of shari'ah-compliant structures. Islamic finance is governed by the shari'ah, which bans speculation and gambling, and stipulates that income must be derived as profits from the shared generation of goods and services between counterparties rather than interest or a guaranteed return. The paper explains the fundamental legal principles underpinning Islamic finance with a view towards developing a cohesive theory of derivatives subject to shari'ahprinciples. After critically reviewing accepted contracts and the scholastic debate surrounding existing financial innovation in this area, the paper offers an axiomatic perspective on a principle-based permissibility of derivatives under Islamic law.

Derivatives in Islamic Finance

Derivatives in Islamic Finance PDF Author: Sherif Ayoub
Publisher: Edinburgh University Press
ISBN: 0748695729
Category : Religion
Languages : en
Pages : 254

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Book Description
Shedding light on the way the Islamic finance industry conceptualises the role of financial instruments in a market risk management framework that adheres to the objectives of Islamic jurisprudence, Sherif Ayoub explains the issues surrounding the avoidan

Handbook on Islam and Economic Life

Handbook on Islam and Economic Life PDF Author: M. Kabir Hassan
Publisher: Edward Elgar Publishing
ISBN: 1783479825
Category : Religion
Languages : en
Pages : 721

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Book Description
øHandbook on Islam and Economic Life is a unique study, one of the first of its kind to consider Islam within a broader economic sphere. Covering a wide breadth of topics and research, it explores how Islam impinges upon and seeks to shape major aspect

Contemporary Islamic Finance

Contemporary Islamic Finance PDF Author: Karen Hunt-Ahmed
Publisher: John Wiley & Sons
ISBN: 1118240332
Category : Business & Economics
Languages : en
Pages : 400

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Book Description
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.

Islamic Finance

Islamic Finance PDF Author: Hans Visser
Publisher: Edward Elgar Publishing
ISBN: 1786433508
Category : Business & Economics
Languages : en
Pages : 297

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Book Description
In this extensively updated third edition, Hans Visser explores the ideas and concepts that drive and shape Islamic finance. This incisive book reviews the products, institutions and markets offered by Islamic finance in the modern marketplace, offering a critical discussion of the ways in which fiscal and monetary policy can be adapted to Islamic financial institutions. Visser offers new directions for economics and finance students, as well as students of Islamic finance and Islam studies more broadly.

Handbook of Research on Theory and Practice of Global Islamic Finance

Handbook of Research on Theory and Practice of Global Islamic Finance PDF Author: Rafay, Abdul
Publisher: IGI Global
ISBN: 1799802205
Category : Business & Economics
Languages : en
Pages : 888

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Book Description
As an emerging global phenomenon, Islamic economics and the financial system has expanded exponentially in recent decades. Many components of the industry are still unknown, but hopefully, the lack of awareness will soon be stilled. The Handbook of Research on Theory and Practice of Global Islamic Finance provides emerging research on the latest global Islamic economic practices. The content within this publication examines risk management, economic justice, and stock market analysis. It is designed for financiers, banking professionals, economists, policymakers, researchers, academicians, and students interested in ideas centered on the development and practice of Islamic finance.

Re-imagining Economic Sociology

Re-imagining Economic Sociology PDF Author: Patrik Aspers
Publisher: Oxford University Press
ISBN: 0198749767
Category : Business & Economics
Languages : en
Pages : 339

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Book Description
The purpose of this book is to explore new developments in the field of economic sociology. It contains cutting-edge theoretical discussions by some of the world's leading economic sociologists, with chapters on topics such as the economic convention, relational sociology, economic identity, economy and law, economic networks and institutions. The book is distinctive in a number of ways. First, it focuses on theoretical contributions, by pulling together and extending what the contributors believe to be the most important theoretical innovations within their own particular areas of the field. Second, there are contributions by leading economic sociologists from both the US and Europe, which gives the book both wider scope and appeal, while also creating the opportunity for some interesting dialogue between distinct theoretical traditions. The book will be of interest to researchers, Ph.D. students, and advanced students on both side of the Atlantic, and indispensible in advanced economic sociology courses.

Entrepreneurship and Business Innovation in the Middle East

Entrepreneurship and Business Innovation in the Middle East PDF Author: Zgheib, Philippe W.
Publisher: IGI Global
ISBN: 1522520678
Category : Business & Economics
Languages : en
Pages : 384

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Book Description
In the modern globalized business world, entrepreneurial success can be more difficult to achieve. Innovativeness, effective decision-making, and a drive for success are just a few factors influencing entrepreneurial behavior. Entrepreneurship and Business Innovation in the Middle East is a comprehensive reference source for the latest scholarly material on the analysis of entrepreneurial activities in the framework of cultural diversity. Highlighting crucial perspectives and topics in business contexts, such as job satisfaction, intrapreneurship, and corporate governance, this book is ideally designed for academics, professionals, practitioners, and students interested in business enterprises in the Arab culture.

Islamic Capital Markets: A Comparative Approach (Second Edition)

Islamic Capital Markets: A Comparative Approach (Second Edition) PDF Author: Obiyathulla Ismath Bacha
Publisher: World Scientific
ISBN: 9813274654
Category : Business & Economics
Languages : en
Pages : 403

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Book Description
Islamic Capital Markets: A Comparative Approach (2nd Edition) looks at the similarities and differences between Islamic capital markets and conventional capital markets. The book explains each topic from both the conventional and the Islamic perspective, offering a full understanding of Islamic capital markets, processes, and instruments. In addition to a full explanation of Islamic products, the book also ensures a holistic understanding of the dual markets within which Islamic capital markets operate.Ideal for both students and current practitioners, the second edition of the highly successful Islamic Capital Markets: A Comparative Approach fills a large gap in the current literature on the subject, featuring case studies from Malaysia, Indonesia, Europe, and the Middle East. One of the few comprehensive, dedicated guides to the subject available, the book offers comprehensive and in-depth insights on the topic of Islamic finance for students and professionals alike.

Civilization And Governance: The Western And Non-western World

Civilization And Governance: The Western And Non-western World PDF Author: Boy Luethje
Publisher: World Scientific
ISBN: 9811256160
Category : Political Science
Languages : en
Pages : 321

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Book Description
The rapid rise of emerging economies has produced deep-ranging changes in the global order during recent decades. At the beginning of the twenty-first century, the bipolar confrontation of the Cold War seemed to be replaced by a universalized model of political liberalism and economic neo-liberalism. In recent years, however, rising nationalism and protectionism indicate the end of unfettered globalization, a looming crisis of liberal democracy, and a return to ideologies of 'systemic competition', especially vis-a-vis China.Against this background, this volume takes a fresh look at the evolution of governance models in Western and non-Western civilizations — Africa, India, China, and the Muslim world in particular. These models have been largely self-contained and without intensive interaction for a long time. In the wake of globalization, systems, ideologies, and political values have become part of global discourse, eventually turning into what Samuel Huntington called a 'clash of civilizations.'The chapters in this volume offer perspectives on the diversity of civilizations of governance as a base for a new multilateralism in the global context. The contributions explore relevant theoretical concepts of transnational governance, law, and multiple modernity. The empirical focus is on analyzing different governance systems in non-Western civilizations and Europe, including national states and transnational institutions, traditions, and networks.The volume assembles papers presented at the 2019 International Conference of the Institute of Public Policy at South China University of Technology in Guangzhou, China. The contributions and the introductory framework have been updated to reflect the unexpected and unprecedented challenges from the coronavirus pandemic and the related economic and social crises.