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This book was mooted by the desire to disseminate knowledge of Islamic philanthropy to the community to help create a better understanding of philanthropy. It is hoped that an in-depth exploration of this book can help readers enrich their knowledge of Islamic philanthropy and inspire them to practice it in their daily lives. This book targets readers from various backgrounds. For example, it can be referenced and provide an overview to students to engage in volunteer activities because there are chapters in this book that focus on students. This book is also expected to assist researchers and academicians in exploring Islamic philanthropy more widely in all fields of contemporary studies. It is also an essential reference for scholars, international organizations, development agencies, governments, experts, and anyone with an interest in Islamic philanthropy. Admittedly, there are still many fields of philanthropic research that have not been extensively discussed, such as halal, built environment, health, and more.
The American Journal of Islamic Social Sciences (AJISS) is a double blind peer-reviewed and interdisciplinary journal that publishes a wide variety of scholarly research on all facets of Islam and the Muslim world: anthropology, economics, history, philosophy and meta-physics, politics, psychology, religious law, and traditional Islam. Submissions are subject to a blind peer review process.
Harmonisation of law, a term that refers to the bringing together of two different legal traditions, has developed a negative connotation when considered in the context of Shari’ah and common law. Harmonisation began to be looked at as an attempt by one legal system to impose its values on the other. A major reason for that is the lack of understanding of the scope to which these two legal traditions converge. One of the principal findings of this book is that Shari’ah and common law have many more commonalities than differences. As a result, the need for harmonisation between the two might have been exaggerated. The similarities do not need to be harmonised. Rather, they need to be acknowledged and appreciated. If the differences between Shari’ah and common law, which undoubtedly exist as evidenced in this book, are viewed with an appreciation of the commonalities, the ambiance to reconcile the differences would be more conducive to the harmonisation process. This book is intended to help readers better understand Shari’ah and common law and aid harmonisation efforts when the need arises.
Social financial reporting as an economic tool presents the firm as a socio-economic unit with empowered social capital to enable a sustainable economic solution, particularly in response to the COVID-19 pandemic. Islamic social finance (ISF) is a corporate social responsibility initiative in the form of humanitarian and socio-development programs by Islamic financial institutions and Shariah-compliant corporations. ISF is applied through various methods and tools that structure based on Islamic Sharia Law. For example, Islamic social finance tools would either be philanthropic, involving activities such as zakat (obligatory alms-giving), Sadaqah (voluntary alms-giving/charity), and waqf (en...
is based on Revealed Knowledge demarcates itself from the other disciplines which are based on Acquired Knowledge. Thus, the educators for Islamic Finance have the added responsibility and Amanah to uphold the sanctity, nobility and the purity of this knowledge which must be incorporated and reflected in the programmes offered, researches conducted as well as the practices propagated based on the Quran and Sunnah. The International Council of Islamic Finance Educators (ICIFE) therefore, takes its stride in terms of fore-fronting the Islamic Finance educators in the mission to play a bigger role in charting the future growth of sustainable Maqasid-based Islamic Finance Education. Towards atta...
This book is a collection of articles addressing outlining Islamic e-Economics issues. A mixed blend of papers was chosen to provide readers with new and contrasting view of challenges currently facing Islamic institutions. All the articles were initially presented at The Fifth Foundation of Islamic Finance Conference (9-11 July 2012) in Langkawi, Kedah. The Conference was jointly organised by Othman Yeop Abdullah Graduate School, Universiti Utara Malaysia and Islamic Business School, Universiti Utara Malaysia and in collaboration with INCEIF and ISRA. Selected Issues in Islamic Economics is a collection of articles discussing various issues from the perspective of Islamic economics. The boo...
How the booming Islamic finance industry became an ultramodern hybrid of religion and markets In just fifty years, Islamic finance has grown from a tiny experiment operated from a Volkswagen van to a thriving global industry worth more than the entire financial sector of India, South America, or Eastern Europe. You can now shop with an Islamic credit card, invest in Islamic bonds, and buy Islamic derivatives. But how has this spectacular growth been possible, given Islam’s strictures against interest? In The Paradox of Islamic Finance, Ryan Calder examines the Islamic finance boom, arguing that shariah scholars—experts in Islamic law who certify financial products as truly Islamic—have...
Zakat, a religious obligation in the form of almsgiving, is highly important both in Islam and in the Islamic economy. As Muslim communities face financial hardships around the world, Zakat has emerged as a vital component within these communities and could play a major role in sustainable economic development by helping society to alleviate poverty and promote social equality. Impact of Zakat on Sustainable Economic Development is a pivotal reference source that contributes practical solutions and knowledge production in alleviating poverty in Muslim countries by adopting Islamic approaches to contemporary socio-economics and the importance of Zakat in sustaining development and supporting the welfare of society. Featuring coverage on a wide range of topics such as corporate governance, ethics, and sustainable economic development, this book is ideally designed for economists, government officials, regulators, entrepreneurs, financial professionals, religious authorities, researchers, academicians, and students at the postgraduate level.
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...