Sebanyak 6 item atau buku ditemukan

What We Know about the Islamic Financial System Procyclicality

A Theoretical Approach and Comparative Study

The long history of economic and financial crises shows that pro-cyclicality is an inherent feature of the real and financial sectors of an economy. The main feature of pro-cyclicality is an underestimation or overestimation of the risks to which the banking sector is exposed. The Islamic financial system, is also impacted by procyclicality feature. I chose the title; what we know about the Islamic financial system procyclicality; in order to awaken the academics and the researchers to not only focus on the green side of Islamic finance. We have to check theoretically and empirically the weaknesses and the pain of the Islamic financial system in order to complete the Islamic finance theory. This book suggests three Islamic versions of financial accelerator effect in three different markets, Partnership contract market, Sukuk Market and Organized Tawarruq market. The main pains are the forces that push the Islamic Financial System to be a shock amplifier rather than absorber.

This book suggests three Islamic versions of financial accelerator effect in three different markets, Partnership contract market, Sukuk Market and Organized Tawarruq market.

The Islamic Financial System

A Critical Analysis and Suggestions for Improving Its Efficiency

This study deals with the Islamic financial system and investigates the financial instruments utilized in it. Apart from the problems related to the prohibition of interest, the suggested concept for the Islamic financial system could not be applied in practice. Profit and Loss-Sharing instruments have been utilized on a small scale so far and it would be very difficult to increase the attractiveness of these financial instruments without easing Islamic legal restrictions or at least reconsidering relevant issues from both, the Islamic socio-economic and ethical viewpoint, as well as the position of conventional finance. An improvement of efficiency may not be possible without taking a fresh look at Islamic injunctions while considering at the same time contemporary financial realities and needs such as investment opportunities, risk diversification and regulatory issues.

This study deals with the Islamic financial system and investigates the financial instruments utilized in it.

The Cultural and Demographic Aspects of the Islamic Financial System and the Potential for Islamic Financial Products in the German Market

Inhaltsangabe:Abstract: The aim of this thesis is to show the potential Muslims in Germany have concerning their number and financial power. As assumed, whilst developing the idea for this work, no financial institution is existent in Germany which offers banking services in compliance with Islamic law. Would it not make sense to introduce such instruments in a market which accommodates more than 3 million Muslims? Are the hurdles for introduction too high or is the financial potential of the Muslim population too low to care about such questions? They will be answered in this thesis. To gather information necessary for writing this thesis, the author read various books about Islam, its roots, and its financial systems. The World Wide Web was a valuable source, especially publications of data by statistical offices, ministries, and institutions dealing with the topic. For certain parts specific data were not accessible to the author. For investigation purposes he wrote letters and mails to various institutions to find out that specific data were not available and certain statistical investigations were not undertaken. In that case approximations and extrapolations were used and marked as such. The author has divided the thesis in four parts. The first chapter, Chapter A Islam History, Cultural Aspects, and Principles for the Financial System , introduces Islam, its roots and foundation about 1,400 years ago. In that chapter basic Islamic principles are explained and their relevance in all aspects of Muslim life is shown. With those principles underlying, a financial system developed which is different from the Western one. The development of the financial system is described as are various Islamic financial tools explained. In Chapter B Muslims in Germany it is shown how the Muslim community in Germany developed. It is explained when processes of migration started and to what extent they developed. The cultural and educational Status Quo of the Muslim community is analysed, and it is looked at their stand concerning school, work, associations, etc. Thereby Islamically cultural distinctions are outlined and resulting obstacles for integration deduced. Following that, the financial Status Quo is looked at. Facts about Muslim savings are provided and examples of instruments available at the German market, which are in compliance with Islamic law, are described. Out of the outlined facts in the Status Quos a potential analyses is [...]

As assumed, whilst developing the idea for this work, no financial institution is existent in Germany which offers banking services in compliance with Islamic law.

The Islamic Financial System

A Critical Analysis and Suggestions for Improving Its Efficiency

This study deals with the Islamic financial system and investigates the financial instruments utilized in it. Apart from the problems related to the prohibition of interest, the suggested concept for the Islamic financial system could not be applied in practice. Profit and Loss-Sharing instruments have been utilized on a small scale so far and it would be very difficult to increase the attractiveness of these financial instruments without easing Islamic legal restrictions or at least reconsidering relevant issues from both, the Islamic socio-economic and ethical viewpoint, as well as the position of conventional finance. An improvement of efficiency may not be possible without taking a fresh look at Islamic injunctions while considering at the same time contemporary financial realities and needs such as investment opportunities, risk diversification and regulatory issues.

This study deals with the Islamic financial system and investigates the financial instruments utilized in it.

The Cultural and Demographic Aspects of the Islamic Financial System and the Potential for Islamic Financial Products in the German Market

Diploma Thesis from the year 2004 in the subject Business economics - Investment and Finance, grade: 1,4, Stralsund University of Applied Sciences, 170 entries in the bibliography, language: English, abstract: The author has divided the thesis in four parts. The first chapter, "Chapter A - Islam - History, Cultural Aspects, and Principles for the Financial System", introduces Islam, its roots and foundation about 1,400 years ago. In that chapter basic Islamic principles are explained and their relevance in all aspects of Muslim life is shown. With those principles underlying, a financial system developed which is different from the Western one. The development of the financial system is described as are various Islamic financial tools explained. In "Chapter B - Muslims in Germany" it is shown how the Muslim community in Germany developed. It is explained when processes of migration started and to what extent they developed. The cultural and educational "Status Quo" of the Muslim community is analysed, and it is looked at their stand concerning school, work, associations, etc. Thereby Islamically cultural distinctions are outlined and resulting obstacles for integration deduced. Following that, the financial "Status Quo" is looked at. Facts about Muslim savings are provided and examples of instruments available at the German market, which are in compliance with Islamic law, are described. Out of the outlined facts in the "Status Quos" a potential analyses is developed. Future scenarios about shifts in the population structure are calculated and thereby resulting changes at the labour market predicted. After the Muslim community and its financial situation is analysed, "Chapter C - Possibilities for Islamic Products in the German Market" describes legal requirements set by German authorities as does it look at Islamic prescriptions for the running of a financial institution. Proposals are given how to harmonise differences to create possibilities for a financial syste

Diploma Thesis from the year 2004 in the subject Business economics - Investment and Finance, grade: 1,4, Stralsund University of Applied Sciences, 170 entries in the bibliography, language: English, abstract: The author has divided the ...

The Conceptual Idea of the Mua’Malat Fiqh Forensic in the Islamic Financial System

This book serves as the platform to educate people at all levels to understand the fundamentals of fiqh processes pertaining especially to the conceptual idea of the globalization of the Mu’amalat fiqh forensic particularly as the guideline for the innovation of various financial products in the Islamic financial system. The main goal of this book is to illustrate the step-by-step procedure on how an arising issue is resolved through fiqh. The heart of all fiqh issues is the identification stage. All arising issues must first be identified whether they fall under the category of qat’iy (definitive) or zanni (speculative), whether they are the matter of usul (roots) or furu’ (branches), and whether they belong under the matter of ittifaq (consensus in agreement) or ikhtilaf (difference in opinion). Once all these have been properly identified, only then can the people in charge proceed with the next step of resolving the said issues. In this current age of world without borders due to globalization, it becomes necessary for experts in the social and Islamic science fields to collaborate together to come up with a solution that simultaneously fulfills both the local and international market demands. Harmonization of these two different disciplines is difficult without proper guidance, and this book primarily strives to achieve that based on the author’s background of expertise and years of experience in solving numerous fiqh issues through this harmonization method.