DEVELOPMENT OF ISLAMIC FINANCE IN THE GLOBAL FINANCIAL MARKETS

Allah [SWT] for his great love for mankind has set limits which we are not permitted to transgress, and has set out prohibitions which we are not allowed (haram). If something is considered haram, it remains prohibited no matter how good the intention is or how honourable the purpose is. In this book I have discussed Islamic finance and investment free of all such prohibitions. This book consists of sixteen (16) Chapters. Chapter 1 consists of Introduction. Chapter 2 consists of Basis Of Development Of Islamic Finance: Major Prohibitions and includes: Introduction; Prohibition Of Interest, The Usury (Al-Riba); Prohibition Of Gharar (Uncertainty); Maysir And Qimar (Gambling - Game Of Chance); Prohibited Products And Industries; and Prohibition Of Financial System Which Is Not Based On Justice And Equity. Chapter 3 consists of Business Ethics In Islamic Framework. Chapter 4 consists of Islamic Value-Based Business Ethical System. Chapter 5 Consists of Basic Principles Of Islamic Finance. Chapter 6 consists of Evolution And Historical Development Of Islamic Finance And Insurance. Chapter 7 consists of Contracts In Islamic Commerce and includes: Introduction; Islamic Fiqah Schools (Islamic Jurisprudence); and Concluding Remarks. Chapter 8 consists of Introduction To Islamic Banking And Insurance and includes: Introduction; Principles Of Islamic Banking; The Liabilities Of Islamic Banks; Development Of Islamic Insurance; and Islamic Insurance Explained. Chapter 9 consists of Development Of Islamic Financial Products And Instruments and includes: General Perspective; Specific Perspective On Retai Financial Products; Specific Perspective On Islamic Corporate Financial Products And Instruments; Specific Perspective On Islamic Treasury Financial Products And Instruments; Development Of Islamic Funds; and Development Of Sukuk- Islamic Bonds.Chapter 10 consists of Development Of The Structure Of Islamic Finance and includes: Introduction; Mudarabah Model; Musharakah Model; Murabaha Model; Bai Muajjall Model; Bay Al-Salam Model; Istisna Model; Ijara; Wakala; Qard Al-Hasan Model; Waqaf; and Others. Chapter 11 Consists of Development Of The Institution Of Zakat And Sadqah (Caerity) and includes: Introduction; Origin Of Zakat; Legitimacy Of Zakat And Its Principles Since The Advant Of Islam; Establishment Of The Islamic Organisation Structure; Benefits Of Zakat System; Wealth Subjected To Zakat; Wealth Exempted From Zakat; Payer Of Zakat; Zakat Base For Companies And Institutions covering: General Principles For Zakat Calculation, Zakat On Fixed Assets, Zakat On Liquid Or Current Assets, Zakat On Liabilities, and Zakat On Provisions And Reserves; Sadaqah (Voluntary Charity); and Comcluding Remarks.Chapter 12 Consists of Development Of The Institution Of Waqf and includes: Introduction; Origin Of The Institution Of Waqf; Historic Perspective Of Waqf Institutin; Status On Waqf In Shariah; Characteristics Of Waqf; Types And Classification Of Waqf Under Islamic Banking And Finance; Basic Elements Of Waqf covering: Formation Of The Waqf, The Donor Of Waqf, and Beneficiary Of The Waqf; Principles Of Shariah Related To Waqf covering: Principles Of Waqf Property, Principles For The Waqf Contract, and Principles For The Waqf Supervision And Management; Principles Of Leasing Waqf Assets; Principles For The Development Of Waqf Assets; Principles For The Maintenance And Renovation Of Waqf Assets; Replacement Of Waqf Assets; and Current Trend And Future Needs To Revive The Institute Of Waqf In The Muslim World. Chapter 13 consists of Islamic Finance Is Providing Better Alternative To Conventional Finance In The Global Financial Markets. Chapter 14 Consists of Development Of The Islamic Capital Market In International Financial Markets. Chapter 15 Consists of The Way Forward For Islamic Finance. Chapter 16 consists of Summary and Conclusion. The Book is supported with Bibliography.

• | Author: Wazir Khan
• | Publisher: Independently published
• | Publication Date: Dec 01, 2018
• | Number of Pages: 435 pages
• | Language: English
• | Binding: Paperback
• | ISBN-10: 1731533713
• | ISBN-13: 9781731533715