This book provides researchers and students with an understanding of the basic legal tenets of the Islamic finance industry, studying the real economic effects of those tenets using the tools of the modern economic theory. Split into four parts, the book begins with an introduction to the history and a legal framework for Islamic banking, covering typical Islamic financial products such as Sukuk and Takaful and examining the structure of Islamic financial institutions. It then analyzes and discusses the Miller-Modigliani Theorem, which is of direct relevance to Islamic banks which are prohibited to charge interest and often have to rely of profit-loss sharing agreements. Part III of the book introduces the reader to modern mechanism design theory, paying particular attention to optimal contracting under hidden action and hidden information, and final part of the book applies the tools of economic theory to understand performance of Islamic financial institutions such as Islamic banks and Takaful operators. Islamic Finance in Light of Modern Economic Theory brings together all the necessary technical tools for analyzing the economic effects of Islamic frameworks and can be used as an advanced textbook for graduate students who wish to specialize in the area, as a reference for researchers and as a tool to help economists improve the design of Islamic financial institutions.
This book provides researchers and students with an understanding of the basic legal tenets of the Islamic finance industry, studying the real economic effects of those tenets using the tools of the modern economic theory.
There has been a rapid increase in the interest in the study of Islamic finance, resulting in a dramatic rise in financing since the beginning of the century. By the end of 2017 global industry assets had reached $2.4 trillion and were forecasted to reach $3.2 trillion by 2020, despite historic challenges to Islam itself at the same time. This collection of chapters provides key theoretical, empirical, and policy insights into Islamic finance from an overall complex financial and economic systems perspective. Within the complex financial and economic systems framework, this book addresses questions such as how to conceptualize Islamic financial institutions in a nonlinear general equilibrium system, how to promote Islamic Finance in Africa, how “Islamic” is Islamic finance, and how it affects price stability, among other topics. The book provides case studies in Africa and Asia, addresses the subject in a structural financial CGE model, demonstrates the development impact of Islamic finance, and presents an Islamic version of the Iceland Plan for Monetary Reform.
This collection of chapters provides key theoretical, empirical, and policy insights into Islamic finance from an overall complex financial and economic systems perspective.
The book is a collection of chapters discussing the Sustainable Development Goals in the broader context of Islamic finance along with mapping the SDGs with Maqasid Al-Shariah. It provides a framework for both Muslim and non-Muslim countries to develop a sustainable economy which encompasses not only the concept of the welfare state but also supports development-related activities, ensures financial inclusion through equal distribution of wealth and alleviation of poverty, and protects the overall environmental and ecological system. More specifically, this book explores various aspects of Islamic finance in relation to parameters of SDGs; restructuring of Islamic finance and connecting its dots in the light of SDGs; Islamic perspective on ESG and ecological quality; interest-free tools and modernization of Islamic financial institutions for sustainable development and economic stability; and the role of Islamic finance in infrastructure-related development activities. Consistent with the view that SDGs are embedded within the theme of Islamic finance, this book is specifically designed to meet the needs of key regulatory institutions, academic scholars, and industry practitioners both in the field of Islamic finance and sustainable finance.
More specifically, this book explores various aspects of Islamic finance in relation to parameters of SDGs; restructuring of Islamic finance and connecting its dots in the light of SDGs; Islamic perspective on ESG and ecological quality; ...
This text explains how Islamic banking works and what it offers as an alternative model of financial intermediation. Important questions addressed include: Why Islamic banking started and where it is going? Who are the main players at present and whom it will attract in future? What are its strengths and weaknesses? Will Islamic banks survive in highly competitive and globalized financial markets? What are their prospects and potentials? How does the relative performance and efficiency of Islamic banks compare to conventional banks?
This text explains how Islamic banking works and what it offers as an alternative model of financial intermediation.
This book covers the recent literature concerning Islamic banking and finance (IBF), focuses on the history of IBF since its inception and introduces the latest innovative concepts and practices in the field. The authors cover important topics such as the role of ownership, Shari`ah compliance and governance structures in raising debt capital using IBF practices, including Fatwa issues and the use of benchmarking practices. The book also addresses topics like archival data, the influence of leverage on ownership structure, and sukuk structures, as well as misconceptions, threats, challenges and opportunities in IBF. Finally, the book deals with prominent issues such as business score-carding, Takāful (Islamic Insurance), IBF implications for block-chain-based fintech and finance hub concepts in Islamic microfinance models. This edited volume is an important contribution to the IBF literature as it provides a much-needed in-depth look into industry practices through the perspective of corporate finance and governance. With its interdisciplinary approach covering legal and financial issues along with a wide variety of notable contributors, this book will be a valuable reference guide to both teachers and students of Islamic banking and economics.
This book covers the recent literature concerning Islamic banking and finance (IBF), focuses on the history of IBF since its inception and introduces the latest innovative concepts and practices in the field.
This book explores the theoretical and practical features of Islamic banking. Using Pakistan as a detailed illustration, the text discusses recent developments and future prospects, demonstrating the model underpinning interest-free banking. It assesses the practical success of interest-free banking at both individual banks and state level.
This book explores the theoretical and practical features of Islamic banking.
Buku ajar adalah suatu proses usaha dalam dikri seseorang yang merubah tingkah laku dalam berpikir, besikap, berbuat, melalui proses adaptasi berdasarkan, pengetahuan yang didapat, pengalaman dan interaksinya dengan lingkungan design pembelajaran adalah rancangan penerapan teori belajar dan pembelajaran yang disususn dalam sebuah rencana atau tindakan yang meliputi metode,penilian untuk memecahkan maslah dengan merinci kondidi belajar untuk menghasilkan sebuah modul pembelajaran yang beisi tujuan umum dan tujuan khusus dari proses pembelajaran yang akana disampaikan oleh pendidikan kepada peserta didik. dalam design pembelajaran dikenal beberapa model yang dikemukakan oleh para ahli. secara umum, metode desain pembelajaran dapat diklarifikasikan ke dalam model berorientasi kelas, model beorientasi sistem, model berorientasi produk,model prosedural dan model melingkar
A. Perencanaan Proses Pembelajaran ntuk sebuah menghasilkan perencanaan sebuah pendidikan pendidikan dimana yang dalam berkualitas proses dan perencanaan baik perlu tersebut di buat pendidik harus mampu melakukan proses perencanaan ...
Masalah rendahnya mutu lulusan (output) merupakan permasalahan sentral yang dihadapi oleh setiap lembaga pendidikan. Permasalahan tersebut tidak lepas dari pengaruh sistem yang ada pada lembaga pendidikan. Sistem tersebut meliputi: (1) masukan mentah (raw input) yang akan diproses menjadi lulusan (output), (2) pendidik, tenaga kependidikan, administrasi sekolah, kurikulum, anggaran, sarana dan prasarana (Instrumental input) yang memungkinkan dilaksanakan pemrosesan menjadi lulusan, dan (3) budaya dan kondisi masyarakat, kependudukan, politik dan keamanan (enviromental input). Mutu lulusan yang dihasilkan oleh lembaga pendidikan sangat ditentukan oleh interaksi antara masukan mentah, masukan instrumental dan masukan lingkungan. Ketiga komponen ini saling memengaruhi dalam meningkatkan dan menurunkan kualitas pembelajaran. Peningkatan hasil belajar dapat dilakukan dengan berbagai cara, seperti meningkatkan fasilitas belajar, kualitas guru dan menerapkan desain pembelajaran. Pada konteks kelas, strategi pembelajaran memiliki peran penting dalam menentukan keberhasilan belajar. Indikator suksesnya belajar di kelas dapat diidentifikasi jika peserta didik belajar dengan aktif, bebas, menyenangkan dan menggairahkan. Pembelajaran merupakan aktivitas yang sistematik dan sistemik, terdiri atas banyak komponen, masing-masing dari komponen tidak bersifat parsial (terpisah) atau berjalan sendiri-sendiri, tetapi harus berjalan secara teratur, saling bergantung, komplementer, dan berkesinambungan. Desain pembelajaran yang baik harus dikembangkan berdasarkan pada prinsip-prinsip pengajaran. Aktivitas pembelajaran yang dikelola secara terprogram, teratur, dan mengikuti prinsip-prinsip pengelolaan serta kaidah-kaidah kengejaran yang baik merupakan tuntutan yang semestinya terhadap pelaksanaan pembelajaran.
Begitupun bagi guru yang sudah susah payah merancang rencana, tentunya akan berusaha untuk melakukan yang terbaik agar rencananya tersebut berhasil. Memahami definisi perencanaan Pembelajaran dapat dikaji dari kata-kata yang ...
