Download or read book The Concept of Riba and Islamic Banking written by Imran Ahsan Khan Nyazee and published by Createspace Independent Publishing Platform. This book was released on 2016-12-22 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt: Riba (Usury), call it bank-interest if you like, is prohibited by the texts of the Qur'an and the Sunnah. This was the conclusion drawn unanimously by the Muslim jurists (fuqaha'); and it is also the decisive view of the vast majority of modern Muslim scholars. Despite this general agreement, a confusion persists in the minds of many, jurists and laymen alike, that even though some forms of interest are prohibited, the simple interest charged by banks may not be prohibited by Islamic law. What is the reason for such a doubt? Why do some uphold prohibition with conviction, while others do not? This book attempts to elaborate the foundations on this prohibition is based, and in doing so removes some of the persistent disagreements.The explanations provided are based upon the works of the earlierjurists so that the discussion is undertaken in a detached manner.
Download or read book The Art of Islamic Banking and Finance written by Yahia Abdul-Rahman and published by John Wiley & Sons. This book was released on 2009-12-09 with total page 435 pages. Available in PDF, EPUB and Kindle. Book excerpt: A detailed look at the fast-growing field of Islamic banking and finance The Art of Islamic Banking and Finance is a modern American take on what it means to incorporate Islamic finance principles into everyday banking and investment techniques by introducing a new brand of banking for all people of all faiths: The Riba-Free (RF) banking. The author is considered the father of RF (Islamic) banking in America. He has been a banker and an Imam/scholar for over 40 years in America since 1968. He started the tedious process with a finance company, LARIBA, in Pasadena, California in 1987. This is the first book ever in the field to trace the origins of prohibiting the renting of money at a price called interest rate and over-indulging in debt. The book reviews in great details the theological foundations of prohibiting interest in the Jewish Bible, the Christian Bible, and the Qur'aan. The author then discusses money and how fiat money is created, the role of the Federal Reserve, and the banking system in America. The book also discusses for the first time ever how to include an important aspect of RF (Islamic) finance using commodity indexation and marking the items to be financed to market in order to avoid participating in economic "bubbles." The author discusses how these rules work, how they affect consumer behavior, and how they change the role of the banker/financier. Covers a new pioneering model that is based on the Law (Shari'aa) and how it is applied in every transaction from joint ventures and portfolio management to home mortgages and personal financing Shows how to incorporate the Law (Shari'aa) into American financing and banking systems Points to RF (Islamic) finance and banking as a way to emphasize socially responsible investing The Art of Islamic Banking and Finance also includes a discussion on the emergence of a culture of RF (Islamic) banking and finance today, which is based on the real Judeo-Christian-Islamic spirit and very effective when compared to twentieth-century models that use financial engineering and structuring techniques to circumvent the Law (Shari'aa). The book also includes case studies based on the actual experience of the author and detailed analysis of the superior results realized by applying this new brand of banking to financing.
Download or read book Stabilizing Currency and Preserving Economic Sovereignty Using the Grondona System written by Patrick Collins and published by Business Science Reference. This book was released on 2021-10-30 with total page 268 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This book describes how implementing Grondona's system could help individual countries to independently improve their economic stability, while creating a growing network of currencies between which the exchange-rates will become increasingly stable"--
Download or read book Interest in Islamic Economics written by Abdulkader S. Thomas and published by Psychology Press. This book was released on 2006 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt: With Islamic banking gradually becoming a more influential factor in the West, an analysis of the concept of riba– a definition of which is not given in the Qur’an – is long overdue. This text presents readers with various interpretations of this Islamic economic concept – generally perceived as ‘interest’. Thomas provides a framework for understanding ribaby examining: linguistics classical judicial analysis the historical context modern economics. Including contributions from prominent international scholars, the book fills a gap in the existing literature and will be welcomed by academics and professionals with an interest in Islamic studies, economics and legal history.
Download or read book Jihad written by Gilles Kepel and published by Harvard University Press. This book was released on 2002 with total page 468 pages. Available in PDF, EPUB and Kindle. Book excerpt: Kepel has traveled throughout the Muslim world gathering documents, interviews, and archival materials, in order to give readers a comprehensive understanding of the scope of Islamist movements, their past, and their present. 7 maps.
Download or read book The Prohibition of Riba Elaborated written by Imran Ahsan Khan Nyazee and published by Createspace Independent Publishing Platform. This book was released on 2016-12-22 with total page 114 pages. Available in PDF, EPUB and Kindle. Book excerpt: The texts of the Qur'an and the Sunnah that prohibit riba are not easy to understand. An earlier book written by this author, called The Concept of Riba and Islamic Banking, appeared to be difficult for some readers. In fact, a few eager students stated that they were able to understand the text only after they had read it two or three times. This book tries to simplify some of the difficult areas of juristic interpretation. Some additional explanations have been added as compared to our last attempt in 1995, in the book mentioned. A major problem has been the recognition, by modern ulama and scholars, of some basic truths about the prohibition of riba. This non-recognition sometimes appears to be a reluctance to face a few harsh realities and a tendency to evade thorny issues. One such issue is the prohibition of all loans, other than what we have come to call a charitable loan or qard hasan. The issue lies at the heart of all Islamic banking. Instead of giving arguments on this issue and responding to the arguments made in favour of such prohibition, our modern scholars and leading muftis maintain total silence. The present book includes at least one instance of such evasion. It is only when a response on this issue is available from modern scholars that knowledge in this area will advance further. Without such a discussion, Islamic banking has very little chance of success.
Download or read book RIBA Job Book written by Nigel Ostime and published by Routledge. This book was released on 2019-07-25 with total page 368 pages. Available in PDF, EPUB and Kindle. Book excerpt: The RIBA Job Book is the Royal Institute of British Architects’ long-established and recognised standard reference for running construction projects. This major new update fully reflects the new RIBA Plan of Work 2013 and contemporary working practice. It embraces themes of collaboration within the project team, better briefing, advances in information technology and BIM, and the continued importance of sustainability including valuable detail on a range of ‘cradle to grave’ processes in a building project. Applicable to all forms of procurement and to all sizes and types of project, the RIBA Job Book provides a systematic operational framework that is comprehensive in scope and easy-to-follow, and which examines step-by-step the key obligations of the architect or lead consultant. Setting out all the actions to be undertaken throughout a project, it includes invaluable checklists, notes and practical guidance.
Download or read book What is Riba written by Iqbāl Suhail and published by Pharos Media & Company. This book was released on 1999 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: Islamic law.
Download or read book Unlawful Gain and Legitimate Profit in Islamic Law Riba Gharar and Islamic Banking written by Ahmad Ajaj and published by Springer. This book was released on 1992-09-21 with total page 176 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Islamic Commercial Law written by Muhammad Yusuf Saleem and published by John Wiley & Sons. This book was released on 2013-01-15 with total page 197 pages. Available in PDF, EPUB and Kindle. Book excerpt: A concise study of the practices in Islamic commercial law Filling a gap in the current literature, Islamic Commercial Law is the only book available that combines the theory and practice of Islamic commercial law in an English-language text. From the experts at the International Islamic University Malaysia, the book examines the source materials in the Qur'an and Hadith, and highlights the views and positions of leading schools of Islamic law, without burying the reader in juristic minutia. It combines theory with practice to address the needs of students while providing a pragmatic treatment of Islamic contracts. It provides diagrams for individual contracts to reveal the type and nature of the contractual relationships between parties and discusses all types of fundamental transactions, including sales, loans, debt transfers, partnerships, and more. Written by experts from the International Islamic University Malaysia, the leading organisation in research in Islamic finance Closes a vital gap in the English-language literature on Islamic commercial law Features end-of-chapter questions to enable self-testing and provoke critical thinking An ideal guide for current students, researchers, and practitioners, Islamic Commercial Law offers a concise yet comprehensive coverage of the subject.
Download or read book What Is Wrong with Islamic Economics written by Muhammad Akram Khan and published by Edward Elgar Publishing. This book was released on 2013-01-01 with total page 529 pages. Available in PDF, EPUB and Kindle. Book excerpt: ÔI read with great interest the current state of Islamic economics and finance as examined by Muhammad Akram Khan, who has given a fresh outlook for the readers to find out its limitations and to search for its solutions. Khan has read widely in the subject matter, and presented his views with reference to literature and thoughtful and logical arguments. While many may not agree with his arguments or will have a better explanation, I find his arguments at least worthy of examination to strengthen the arguments of those who might oppose him. Although Khan is critical of the subject matter, he is very sympathetic to the greater objectives of Islamic economics and provides his own prescriptions to achieve those objectives.Õ Ð M. Kabir Hassan, University of New Orleans, US ÔThis is a very thought provoking book coming at a crucial stage in the development of Islamic economics and finance. Although the reader may not agree with some of the conclusions reached, it is clearly a scholarly and extensively researched piece of work; it should be read by all serious students of the subject area. Amongst other things, it throws light on the reasons why the practical implementation of Islamic economics and finance, particularly in relation to the financial system and financial institutions, has not always conformed to the true theoretical foundations laid down by Islamic scholars.Õ Ð John Presley, Loughborough University, UK and recipient of Islamic Development Bank Prize in Islamic Finance, 2001Ð2002 ÔÒIslamic economic system is a type of capitalism with a spiritual dimensionÓ is a major conclusion of this book. I applaud this insight of Muhammad Akram Khan. The same can be perhaps said of Islamic finance, which, in its hurry to build viable and efficient financial institutions, has ignored the very same need to start with profits-and-risk-sharing principle and no-riba principles to build pricing models to anchor the new sub-discpline. The good news is that, in the course of time to come, AkramÕs advocacy may be realised since such serious works have already begun.Õ Ð Mohamed Ariff, University Putra Malaysia and Bond University, Australia ÔAlthough there are many books on Islamic economics, this critical, but sympathetic, account by Muhammad Akram Khan is worthy of attention. The author has clearly read widely on the subject and appreciates the limitations of much that he has read. Islamic economics is a work in progress and by focusing on its shortcomings, Khan challenges the assumptions of many working in the field. His discussion of methodology is insightful, and even the prohibition of riba, for many the defining characteristic of Islamic finance, is examined from a fresh perspective. While many will not agree with the analysis and the conclusions, even critics should be able to appreciate the strengths of the arguments made. In summary this is a worthwhile, and in many respects an innovative, survey of the state of Islamic economics and finance. It deserves to be widely read.Õ Ð Rodney Wilson, Durham University, UK What is Wrong with Islamic Economics? takes an objective look at the state of the art in Islamic economics and finance. It analyses reasons for perceived stagnation and also suggests a way forward. As well as probing various myths, the book presents several innovative ideas and a methodology for developing the subject on new foundations. It also highlights weaknesses in the conventional position on prohibition of interest, which has led Islamic banks devise a series of legal tricks. The author notes how the original aim of devising a new brand of banking has become less prominent whilst Islamic banks now position themselves more closely to conventional banks. The book also offers insights into how certain traditional thinking has seemingly ignored the egalitarian spirit of the law of zakah and created a scenario where zakah is not able to help the billions of poor people around the globe. This detailed book will appeal to students, professors, researchers, Islamic banks and finance houses, consulting companies, accounting firms, and regulatory bodies. Professional economists, libraries in research and training organizations, as well as anyone with a general interest in the topic will find much to interest them.
Download or read book Islamic Finance written by Mahmoud A. El-Gamal and published by Cambridge University Press. This book was released on 2006-07-03 with total page 239 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides an overview of the practice of Islamic finance and the historical roots that define its modes of operation. The focus of the book is analytical and forward-looking. It shows that Islamic finance exists mainly as a form of rent-seeking legal-arbitrage. In every aspect of finance - from personal loans to investment banking, and from market structure to corporate governance - Islamic finance aims to replicate in Islamic forms the substantive functions of contemporary financial instruments, markets, and institutions. By attempting to replicate the substance of contemporary financial practice using pre-modern contract forms, Islamic finance has arguably failed to serve the objectives of Islamic law. This book proposes refocusing Islamic finance on substance rather than form. This approach would entail abandoning the paradigm of 'Islamization' of every financial practice. It would also entail reorienting the brand-name of Islamic finance to emphasize issues of community banking, micro-finance, and socially responsible investment.
Download or read book An Introduction to Passive House written by Justin Bere and published by Routledge. This book was released on 2019-07-25 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt: Throughout the world, Passive House is now recognised as the best method to create comfortable, healthy, low energy buildings and it is a key component of the 21st century's green economic revolution. Written by one of the UK's leading passive house architects, this book contains essays that reveal the technical and creative secrets of Passive House design, as well as containing case studies of some of the world's best examples of beautiful, technically excellent buildings that still feel great even when the power supply is turned down to almost nothing. Whether you are an architect, client, student or construction professional, this book is an enlightening introduction to Passive House and a valuable source of inspiration.
Download or read book The Causes and Consequences of Interest Theory written by Cem Eyerci and published by Springer Nature. This book was released on 2021-07-07 with total page 177 pages. Available in PDF, EPUB and Kindle. Book excerpt: Interest has always been a part of humans' daily economic life, and the concept of interest has attracted intense attention from economists, philosophers, religious scholars and lawmakers. This book analyses the issue of prohibition of interest through the lens of conventional economics and then makes a comparison with the position of Islamic economists. It evaluates the theory of interest presented by Böhm-Bawerk, which is the most respected and applicable theory at present. It provides an in-depth analysis of the current literature, and it is the first book to scrutinize the interpretation of Islamic economists on the concepts of time preference and interest rate control. This book will be of interest to academics and students of economics and Islamic economics.
Download or read book Guide to Using the RIBA Plan of Work 2013 written by Dale Sinclair and published by Routledge. This book was released on 2019-07-25 with total page 123 pages. Available in PDF, EPUB and Kindle. Book excerpt: The RIBA Plan of Work 2013 is the definitive framework for the contemporary building design and construction process. It provides a stage-by-stage model to assist all members of the project team to manage the process from inception to completion and beyond. This practical guide explains how the RIBA Plan of Work 2013 can be applied for optimal results in construction projects, revealing the Plan of Work as much more than just a project framework. It can be used as a tool to ensure best outcomes and guide thinking across a range of key themes including whole life costs, procurement routes, BIM, and social and environmental sustainability. With useful explanations of the various stages and technical terms, this book is packed with guidance and tips for using the Plan of Work to ensure genuinely integrated projects. Intended as complementary to the RIBA Plan of Work 2013 Online, the RIBA Job Book, and Assembling the Project Team, it is for construction professionals industry-wide, from architectural practices to clients and contractors, as well as students studying for their professional examinations.
Download or read book Dilemmas and Challenges in Islamic Finance written by Yasushi Suzuki and published by Routledge. This book was released on 2018-03-09 with total page 227 pages. Available in PDF, EPUB and Kindle. Book excerpt: The phenomenal growth of Islamic finance in the last few decades has been accompanied by a host of interesting questions and challenges. One of the critical challenges is how Islamic financial institutions can be motivated to participate in the 'equity-like' profit-and-loss sharing (PLS) contracts. It is observed that Islamic banks are reluctant to participate in the pure PLS scheme which is manifested by the rising concentration of investment on murabaha or mark-up financing. This phenomenon has been the hotbed of academic criticism on the contemporary practice of Islamic banking. This book explains the 'murabaha syndrome' in light of the incentive provided by the current institutional framework and what are the changes required in the governance structure to mend this anomaly.
Download or read book Heaven s Bankers written by Harris Irfan and published by Abrams. This book was released on 2015-03-10 with total page 275 pages. Available in PDF, EPUB and Kindle. Book excerpt: A leading Islamic finance banker sheds light on an industry with growing global influence: “A superb introduction to a fascinating subject” (Financial Times) A trillion-dollar financial industry has revolutionized the global economy. Governments and corporations across the Islamic world have turned to finance that complies with Shari‘a law in order to fund economic growth. Even in the West, Islamic finance became an important alternative source of funding when the conventional finance industry was reeling from the effects of the financial crisis. From its origins in the seventh century, Islamic finance has sought to develop core ethical principles that are based in the foundations of Islam and Shari‘a. But with an increasing Western interest, is it able to remain true to the principles of its faith? Can it maintain its ideals of social justice? Or is Islamic finance guilty of the very dangers it seeks to avoid. In Heaven's Bankers, Harris Irfan, one of the world's leading Islamic finance bankers, gives unparalleled insight into the heart of this secretive industry. From his personal experience of working with leading bankers, scholars and lawyers, he debunks the myths of Islamic banking, analyzes its greatest deals, and looks to the future of a system that has reprioritized the very nature of money itself.
