Académique Documents
Professionnel Documents
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By Author
Zubair Hasan
Mughees Shaukat
Mahmoud El Gamal
Obiyathulla Ismath Bacha
By Subject
Microfinance
Islamic Banking
General Islamic Finance
2009. "Profit sharing ratios in mudaraba contract revisited," 21843, University Library of Munich,
Germany, revised 2010.
2009. "Dubai turmoil before and after the bailout," 19484, University Library of Munich, Germany.
2008. "Theory of profit from Islamic perspective," 8129, University Library of Munich, Germany.
Recent innovations in Islamic finance have changed the dynamics of the Islamic finance industry.
Specially in the area of bonds and securities the use of Sukuk or Islamic securities have become
increasingly popular in the last few years, both as a means of raising government finance through
sovereign issues, and as a way of companies obtaining funding through the offer of corporate
sukuk. Sukuk has developed as one of the most significant mechanisms for raising finance in the
international capital markets through Islamically acceptable structures . Multinational
corporations, sovereign bodies, state corporations and financial institutions use international
sukuk issuance as an alternative to syndicated financing. [+] Read full article
Law is concerned, primarily, with fairness whereas social good, including economic good, is
conceived in terms of provisions that depend, ultimately, on production. Fairness is necessary for
ensuring dignity whereas wealth is needed to guaranty security. It goes without saying that
Islamic economics as a discipline cares about efficiency as well as justice and fairness. It is well
aware of the fact that in a balanced realization the two reinforce each other. This paper will
propose to demonstrate the ever so prevalent and dynamically wisdomful nature of Islam even
enshrined through Islamic finance by venturing into a detailed debate rooted from and to the very
foundational paradigm of TRADE, the concept of exchange of property, selling and buying.
Incept- ionizing from the submerged argumentation over the permissible stacked up with the
non-permissible stretching to the dimensions of understanding the basic concepts and then
gliding to the depths of despair by permitting the non-permissible pinnacled by modern financial
instruments and concluding in more a self explanatory parlance. [+] Read full article
In the technical language of Shari`ah, the word fatwa clarifies the Islamic ruling in an answer
given to question or a set of questions usually related to an Islamic issue. It does not make any
difference whether the questioner is a person or a group of persons. It stands to reason that fatwa
is not an easy task, but rather an arduous one. This is because the one who commits himself to
issuing fatwas acts on behalf of Allah's Messengers and Prophets. The Prophet (peace and
blessings be upon him) is reported to have said: "Scholars are the heirs of Prophets, and
Prophets neither left behind dinars nor dirhams (Arab coins); rather they left knowledge. He who
acquires knowledge has really gained something of great value." This paper will not only explore
the meaning and perception of fatwa as a whole but would also link and reflect on its influence,
bearings and links to Islamic finance. [+] Read full article
The Recent Financial Growth of Islamic Banks and Their Fulfillment of Maqasid Al-Shariah: Gap
Analysis
There is a basic dissonance between the tendency to mimic conventional financial practices and
products and promoting Islamic finance. The former tendency assumes that conventional
financial products and practices respond to genuine social needs. It ignores their ill effects in
terms of injustice, inequity and instability. But the entire rationale of Islamic finance is quest of
prosperity with justice and equity. Insofar as a debt market obstructs equitable distribution of
wealth and income, it must be constrained. Distancing sukuk from debts should be considered in
this context