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


Book Description

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.




Strategies of Banks and Other Financial Institutions


Book Description

How and why do strategic perspectives of financial institutions differ by class and region? Strategies of Banks and Other Financial Institutions: Theories and Cases is an introduction to global financial institutions that presents both theoretical and actual aspects of markets and institutions. The book encompasses depository and non-depository Institutions; money markets, bond markets, and mortgage markets; stock markets, derivative markets, and foreign exchange markets; mutual funds, insurance, and pension funds; and private equity and hedge funds. It also addresses Islamic financing and consolidation in financial institutions and markets. Featuring up-to-date case studies in its second half, Strategies of Banks and Other Financial Institutions proposes a useful theoretical framework and strategic perspectives about risk, regulation, markets, and challenges driving the financial sectors. - Describes theories and practices that define classes of institutions and differentiate one financial institution from another - Presents short, focused treatments of risk and growth strategies by balancing theories and cases - Places Islamic banking and finance into a comprehensive, universal perspective







Project Finance in Theory and Practice


Book Description

Stefano Gatti describes the theory that underpins this cutting-edge industry, and then provides illustrations and examples from actual practice to illustrate that theory.




Project Finance for the International Petroleum Industry


Book Description

This overview of project finance for the oil and gas industry covers financial markets, sources and providers of finance, financial structures, and capital raising processes. About US$300 billion of project finance debt is raised annually across several capital intensive sectors—including oil and gas, energy, infrastructure, and mining—and the oil and gas industry represents around 30% of the global project finance market. With over 25 year's project finance experience in international banking and industry, author Robert Clews explores project finance techniques and their effectiveness in the petroleum industry. He highlights the petroleum industry players, risks, economics, and commercial/legal arrangements. With petroleum industry projects representing amongst the largest industrial activities in the world, this book ties together concepts and tools through real examples and aims to ensure that project finance will continue to play a central role in bringing together investors and lenders to finance these ventures. - Combines the theory and practice of raising long-term funding for capital intensive projects with insights about the appeal of project finance to the international oil and gas industry - Includes case studies and examples covering projects in the Arctic, East Africa, Latin America, North America, and Australia - Emphasizes the full downstream value chain of the industry instead of limiting itself to upstream and pipeline project financing - Highlights petroleum industry players, risks, economics, and commercial and legal arrangements




Islamic Accounting


Book Description

"This is the first ever compilation of leading articles in the field of Islamic accounting from the path defining contribution of Abdel-Majd in 1981 to the most important articles by Rifaat Ahmed Abdel Karim, founder of AAOIFI and former Secretary General of the IFSB. The collection is an essential purchase for all university libraries with Islamic finance collections as well as business schools where financial reporting is considered from different cultural perspectives. The editors are to be congratulated on their efforts.'




Islamic Perspectives on Science and Technology


Book Description

This book presents 25 selected papers from the International Conference on “Developing Synergies between Islam & Science and Technology for Mankind’s Benefit” held at the International Institute for Advanced Islamic Studies Malaysia, Kuala Lumpur, in October 2014. The papers cover a broad range of issues reflecting the main conference themes: Cosmology and the Universe, Philosophy of Science and the Emergence of Biological Systems, Principles and Applications of Tawhidic Science, Medical Applications of Tawhidic Science and Bioethics, and the History and Teaching of Science from an Islamic Perspective. Highlighting the relationships between the Islamic religious worldview and the physical sciences, the book challenges secularist paradigms on the study of Science and Technology. Integrating metaphysical perspectives of Science, topics include Islamic approaches to S&T such as an Islamic epistemology of the philosophy of science, a new quantum theory, environmental care, avoiding wasteful consumption using Islamic teachings, and emotional-blasting psychological therapy. Eminent contributing scholars include Osman Bakar, Mohammad Hashim Kamali, Mehdi Golshani, Mohd. Kamal Hassan, Adi Setia and Malik Badri. The book is essential reading for a broad group of academics and practitioners, from Islamic scholars and social scientists to (physical) scientists and engineers.




Multidisciplinary Approaches to Ethics in the Digital Era


Book Description

The digital era has redefined our understanding of ethics as a multi-disciplinary phenomenon. The newness of the internet means it is still highly unregulated, which allows for rampant problems encountered by countless internet users. In order to establish a framework to protect digital citizenship, an academic understanding of online ethics is required. Multidisciplinary Approaches to Ethics in the Digital Era examines the concept of ethics in the digital environment through the framework of digitalization. Covering a broad range of topics including ethics in art, organizational ethics, and civil engineering ethics, this book is ideally designed for media professionals, sociologists, programmers, policymakers, government officials, academicians, researchers, and students.




The Psychology of Risk Taking Behavior


Book Description

This book aims to help the reader to understand what motivates people to engage in risk taking behavior, such as participating in traffic, sports, financial investments, or courtship. The consequences of risk taking may be positive, or result in accidents and injuries, especially in traffic. The wealth of studies and theories (about 1000 references) is used to offer a cohesive, holistic view of risk motivation. The risk motivation theory is a dynamic state-trait model incorporating physiological, emotional and cognitive components of risk perception, processing and planning. If a deficit exists between desired and perceived risk, risk compensation behavior results. A feedback loop provides new information for the next perception-motivation-behavior process. Assumptions were tested and support was found with 120 subjects in a longitudinal study. The concepts and findings are discussed in relation to psychological theories and their meaning for our daily lives.




Encounters with Islam


Book Description

For many years Malise Ruthven has been at the forefront of discerning commentary on the Islamic world and its relations with the predominantly secularised and Christian societies of the West. Well known for his bold interventions on such issues as the Rushdie affair and publication of "The Satanic Verses"; the many unresolved questions relating to the Lockerbie bombing; and the globe-changing terrorist attack of 9/11, Ruthven's perceptive writings, particularly those that have appeared in the "New York Review of Books", reliably re-frame difficult issues and problems so that his readers are prompted to look at the challenges afresh. Ruthven is here at his most compelling: he offers astute and topical insights across the whole spectrum of Middle East and Islamic studies. Whether questioning the involvement of Libyan agents in the downing of Pan Am Flight 103; exploring the contested place of women in Islam; or discussing the disputed term 'Islamofascism' (his own), the author's probing, searchlight intelligence aims always to get at the truth of things, regardless of attendant controversy. Representing the 'best of Ruthven', these lucid essays will be widely appreciated by students, specialists and general readers. They transform our understandings of contemporary society.