Sebanyak 98 item atau buku ditemukan

Macroeconomic Policy and Islamic Finance in Malaysia

This book offers an alternative framework for macroeconomic policy in Malaysia, derived from the universal principles of social justice espoused in the objectives of the Shariah. It attempts to holistically analyze issues related to public finance, which has been criticized for lack of transparency and justice in wealth distribution. This book explores these criticisms and discusses the principles of Islamic finance that may be applied to macroeconomic policymaking to create a better economy overall. It presents a case for a flat tax system, to make the economy more resilient to shocks, and financing methods that limit interest-rate-based debt contracts and allow greater risk sharing among the market participants on a broad scale. Using both qualitative and quantitative methods, this book models the Malaysian economy based on policies that apply the fundamental Islamic finance principle of risk sharing to demonstrate its benefits in spurring growth, promoting distributive justice, rendering the economy more stable, strengthening the potency of monetary policy, enhancing fiscal governance, and improving financial inclusion. The book will be of interest to students, policymakers, financial institutions, researchers, ministries of finance, central banks, securities commissions, and anyone interested in alternative economic paradigms.

Mainstream macroeconomic theory, essentially a Neoclassical-Keynesian synthesis, has dominated the practice of economics since the midtwentieth century. Monetary and fiscal policies that form the basis of this mainstream macroeconomics ...

Ethical Dimensions of Islamic Finance

Theory and Practice

This book provides an introductory theoretical foundation of the ethics embedded in Islamic economics and finance, and it shows how this ethical framework could pave the way to economic and social justice. It demonstrates how Islamic finance—a risk-sharing and asset-backed finance—has embedded universal values, ethical rules, and virtues, and how these qualities may be applied to a supposedly value-neutral social science to influence policy-making. This book argues that ethical and responsible finance, such as Islamic finance, could lead the efforts to achieve sustainable economic development. Iqbal and Mirakhor then conduct a comparative analysis of Islamic and conventional financial systems and present Islamic finance as an alternative that can address today’s growing problems of inequality, social injustice, financial repression, unethical leadership, and lack of opportunity to share prosperity.

This book provides an introductory theoretical foundation of the ethics embedded in Islamic economics and finance, and it shows how this ethical framework could pave the way to economic and social justice.

American Journal of Islamic Social Sciences 31:2

The American Journal of Islamic Social Sciences (AJISS), established in 1984, is a quarterly, double blind peer-reviewed and interdisciplinary journal, published by the International Institute of Islamic Thought (IIIT), and distributed worldwide. The journal showcases a wide variety of scholarly research on all facets of Islam and the Muslim world including subjects such as anthropology, history, philosophy and metaphysics, politics, psychology, religious law, and traditional Islam.

Figure 1: Steps in Communication AXIOM II 1. Each act of communication is separate and discrete and can be studied as such. 2. Communication is linear, in the sense that a message travels one way from a source to a receiver. 3.

FinTech in Islamic Financial Institutions

Scope, Challenges, and Implications in Islamic Finance

This book explores several challenges facing FinTech in Islamic financial institutions. Firstly, large banks and financial institutions in countries with updated and innovative technological channels will earn the technology arbitrage from FinTech. This ‘size’ puzzle may create a challenge for Islamic financial institutions that are of smaller size and from technologically less-developed countries. Secondly, while access to FinTech is getting broader day by day, usage of FinTech is still limited due to personal and governance-related limitations. Moreover, the level of awareness of the emerging FinTech services (i.e., bitcoin, blockchain, etc.) remains extremely poor even among the residents of technologically-advanced countries. Thirdly, use of FinTech by Islamic financial institutions is limited to Islamic banking, to users from developed countries, among young customers, and for a limited number of traditional banking services such as the deposits and payment services. Also, banks hope to use FinTech to increase the size of a new breed of technology-savvy depositors and loan customers to achieve economies of scale, which may help stabilize the banking sector. Automation in Islamic banks and the participation of Islamic financial institutions in blockchain and bitcoin domains require extensive research from Shariah-compliance as well as market and consumer-related grounds. With all the opportunities and challenges of FinTech—promoting inclusion, easier loan monitoring, and risk of Shariah non-compliance—this book explores the implications for Islamic financial institutions and will be of interest to scholars, researchers, and students of Islamic finance and financial technology.

Journal of Culinary Science and Technology, 15(3), 223–238. ... In 2020 International Conference on Sustainable Futures: Environmental, Tech- nological, Social and Economic Matters, ... Entrepreneurship: Theory and Practice.

Economic Development and Islamic Finance

Although Islamic finance is one of the fastest growing segments of emerging global financial markets, its concepts are not fully exploited especially in the areas of economic development, inclusion, access to finance, and public policy. This volume is to improve understanding of the perspective of Islamic finance on economic development, social and economic justice, human welfare, and economic growth.

... technology, entrepreneurship, and management) and conditions and policies (such as developed financial markets, ... In other words, we must first determine whether these countries have truly adopted and practiced Islamic economic ...

Handbook of Analytical Studies in Islamic Finance and Economics

This handbook offers a unique and original collection of analytical studies in Islamic economics and finance, and constitutes a humble addition to the literature on new economic thinking and global finance. The growing risks stemming from higher debt, slower growth, and limited room for policy maneuver raise concerns about the ability and propensity of modern economies to find effective solutions to chronic problems. It is important to understand the structural roots of inherent imbalance, persistence-in-error patterns, policy and governance failures, as well as moral and ethical failures. Admittedly, finance and economics have their own failures, with abstract theory bearing little relation with the real economy, uncertainties and vicissitudes of economic life. Economic research has certainly become more empirical despite, or perhaps because of, the lack of guidance from theory. The analytics of Islamic economics and finance may not differ from standard frameworks, methods, and techniques used in conventional economics, but may offer new perspectives on the making of financial crises, nature of credit cycles, roots of financial system instability, and determinants of income disparities. The focus is placed on the logical coherence of Islamic economics and finance, properties of Islamic capital markets, workings of Islamic banking, pricing of Islamic financial instruments, and limits of debt financing, fiscal stimulus and conventional monetary policies, inter alia. Readers with investment, regulatory, and academic interests will find the body of analytical evidence to span many areas of economic inquiry, refuting thereby the false argument that given its religious tenets, Islamic economics is intrinsically narrative, descriptive and not amenable to testable implications. Thus, the handbook may contribute toward a redefinition of a dismal science in search for an elusive balance between rationality, ethics and morality, and toward a remodeling of economies based on risk sharing and prosperity for all humanity

The microeconomic potential described by the left-side figure reflects the unique minimum for the set of two commodity prices as indicated by the point at the surface bottom. It is noted that since the dynamics of market prices depend ...

Manajemen Daftar Pustaka pada Karya Tulis Ilmiah dengan Mendeley

Sebuah karya tulis ilmiah seperti disertasi, tesis, skripsi maupun buku ajar memerlukan daftar pustaka dalam penyusunannya. Kualitas dan kuantitas daftar pustaka itu menentukan kualitas katya yang sedang dibuat. Selain itu dengan daftar pustaka yang baik akan terlihat pada posisi mana karya yang sedang dibuat oleh penulis diantara karya-karya lain yang sejenis. Melakukan penyitiran atau istilahnya citasi tidak bisa dilakukan secara sembarangan. Ada aturan tertentu agar karya kita tidak dianggap plagiat atas karya orang lain. Penulis harus mencantumkan daftar pustaka atas karya yang telah dilakukan citasi dan juga tidak boleh menampilkan daftar pustaka jika dia tidak melakukan citasi atas karya orang lain. Untuk itu diperlukan metode citasi yang baik serta manajemen daftar pustaka yang teratur dan sistematis. MENDELEY merupakan sebuah aplikasi berbasis online yang mampu membuat manajemen daftar pustaka menjadi baik dan teratur. Semua daftar pustaka yang diperlukan tersusun rapi di LIBRARY dan siapa digunakan jika dibutuhkan. Kemampuan Mendeley melakukan citasi secara online walaupun tidak tersedia full paper, melakukan Web Importir atau mengimpor daftar pustaka dari web, membentuk grup dengan sesama peneliti sehingga bisa melakukan diskusi dan sharing daftar pustaka satu sama lain. Selain itu mendeley bisa terintegrasi dengan MS Word dan bekerja secara offline maupun melakukan pengisian metadata secara manual. Dengan menggunakan mendeley maka setiap citasi yang dilakukan atas sebuah karya yang sudah terpublikasi secara online di internet akan terdeteksi sehingga akan menguntungkan dan menambah reputasi karya orang lain yang dipakai sebagai referensi.

Sebuah karya tulis ilmiah seperti disertasi, tesis, skripsi maupun buku ajar memerlukan daftar pustaka dalam penyusunannya. Kualitas dan kuantitas daftar pustaka itu menentukan kualitas karya yang sedang dibuat. Selain itu dengan daftar ...

PARADIGMA BARU HUKUM SYARIAH DI ACEH

Kehadiran buku ini dianggap penting, mengingat Aceh dengan kewenangan yang luas melaksanakan syariat Islam memerlukan informasi dan pengetahuan yang mendalam, terutama mengenai dinamika, pergumulan pemikiran dan penafsiran terhadap hukum syariah Islam itu sendiri. Materi yang terkandung dalam buku ini menerangkan tentang paradigma baru seputar hukum syariat yang mendapat perhatian publik. Oleh karena itu, buku ini diharapkan mampu memberikan wawasan dan pandangan yang agak komprehensif dalam pelaksanaan syariat Islam di Aceh. Mudahmudahan bermanfaat bagi para akdemisi, praktisi dan masyarakat yang menaruh perhatian terhadap penerapan hukum syariah di Aceh.

Kehadiran buku ini dianggap penting, mengingat Aceh dengan kewenangan yang luas melaksanakan syariat Islam memerlukan informasi dan pengetahuan yang mendalam, terutama mengenai dinamika, pergumulan pemikiran dan penafsiran terhadap hukum ...

Globalization and Islamic Finance

Convergence, Prospects and Challenges

This is an extremely valuable book written by three highly qualified scholars whose credentials for writing such a book are difficult to match. The timing of the book is also perfect, having come at a time when the worst financial crisis in living memory has intensified the quest for reform of the international architecture. The proposals made by the authors should go a long way in not only reforming the system but also in accelerating the move towards financial globalization and convergence of the conventional and Islamic financial systems. Dr. Umer Chapra Prominent Scholar of Islamic Economics and currently Research Advisor Islamic Research and Training Institute (IRTI), Islamic Development Bank (IDB) Globalization and Islamic Finance, by three well-respected authors in Islamic finance, provides a thought-provoking analysis of an important and topical issue, particularly, given the global impact of the current financial and economic crises. The book is the first attempt to make a compelling case of convergence between globalization and Islamic finance. Askari, Iqbal and Mirakhor should be praised for this serious effort, which is a must-read for academics and practitioners interested in Islamic finance. Professor Rifaat Ahmed Abdel Karim Secretary General Islamic Financial Services Board (IFSB) This book has a robust discussion of the growth and spread of Islamic finance within the umbrella of globalization. The book provides a unique view of Islamic finance, not only from the perspective of how Islamic finance fits within globalization in general, but globalization of finance in particular. This is a must read for anyone interested in the complex and complicated world of Islamic finance. Scheherazade S. Rehman, Ph.D. Director, European Union Research Center Professor of International Finance, School of Business The George Washington University I have not come across any literature that has delved so intensely in financial globalization, in particular Islamic finance. Due to this reason, I would encourage all interested in this area to read this book. Hajah Salma Latiff Managing Director, Crescent Sdn. Bhd. Former Director, Centre for Islamic Banking, Finance and Management (CIBFM), Universiti Brunei Darussalam The recent crisis has evoked wide interest in Islamic finance publications. Globalization and Islamic Finance is both timely and needed. Sani Hamid Director, Wealth Management Financial Alliance (Singapore)

This is an extremely valuable book written by three highly qualified scholars whose credentials for writing such a book are difficult to match.

Risk Sharing in Finance

The Islamic Finance Alternative

How the Islamic finance approach to risk can serve as a model for global reform The recent U.S. financial debacle has affected the entire world and led to major reviews of risk management in financial institutions. Perhaps a simpler alternative is just to adopt the systems used for centuries in Islamic finance. Risk Sharing in Finance expounds upon this novel idea, suggesting that the Islamic financial system can be developed for use around the world by providing a helpful paradigm for crafting global financial reforms. Demonstrating how Islamic finance can successfully expand its array of risk sharing instruments, for example issuing government shares to finance development projects and placing limits on short sales and leveraging, the book makes a compelling case for thinking outside the box to redevelop a vibrant stock market. Provides analysis of the comparative historical, theoretical, and empirical investigation of risk management in both the conventional and the Islamic-type financial systems Explores the benefits and the implications of introducing Islamic finance around the world and explains how wider reliance on risk sharing can be implemented Establishes a connection between the flawed contemporary Western system of capitalist finance and the ancient, traditional forms of risk-sharing prevalent in Islamic finance Offering a timely look at financial reform, Risk Sharing in Finance draws on the expertise of author Zamir Iqbal of the World Bank, along with a host of co-authors Abbas Mirakhor, Hossein Askari, and Noureddine Krichene to present a new form of financial reform.

Risk Sharing in Finance expounds upon this novel idea, suggesting that the Islamic financial system can be developed for use around the world by providing a helpful paradigm for crafting global financial reforms.