Search results for ""Author M. Kabir Hassan""

Islamic economics and finance has recently enjoyed a spike in interest and a rise in status from theology-tinged discussion fodder for Muslim intellectuals to a fully fledged academic discipline knocking on the doors of university social science departments. The Handbook of Empirical Research on Islam and Economic Life provides a solid background and overview of current empirical research, evaluating how well Islamic institutions have performed in pursuing their objectives. With contributions from leading scholars, this unique Handbook provides chapters examining a range of phenomena in Islamic finance, focusing on five main research areas: religion and growth, Islamic social finance, Islamic banking and finance, Islamic capital market and Sukuk (Islamic bonds). This selection of research literature provides:- a socio-economic profile of Muslim countries- an outline of Islamic systems of accounting and governance- an analysis of the religion-development link- a consideration of the role of the state under Islam.Scholars of finance and Islam in Muslim and in Western universities, students in graduate and post-graduate courses in Islamic studies, and Islamic research institutes and libraries in Western, Middle Eastern and Asian universities will all find great value in this vital resource and its exploration of a compelling approach to finance.Contributors include: A.U.F. Ahmad, M.S. Akhtar, E. Aksak, M.A.M. Al JanabiIhsan Isik, N. Alam, F. Alqahtani, S.O. Alhabshi, C. Aloui, S.B. Anceaur, D. Ashraf, M. Asutay, A.F. Aysan, O. Bacha, A. Barajas, M. Bekri, C. De Anca, G. Dewandaru, M. Disli, A.O. El Aloui, M. Farooq, K. Gazdar, R. Grassa, H.B. Hamida, M.K. Hassan, R. Hayat, C.M. Henry, J. Howe, M.H. Ibrahim, M. Jahrom, K. Jouaber-Snoussi, F. Kamarudin, M. Khawaja, H. Khan, K. Khan, O. Krasicka, M.T. Majeed, N.A.K. Malim, M. Masih, A. Massara, D.G. Mayes, A.K.M. Meera, M. Mehri, C. Mertzanis, H.S. Min, M.A. Mobin, Y.A. Nainggolan, M. Naseri, A.M. Nassir, A. Ng, S. Nowak, M.S. Nurzaman, M. Omran, H. Ozturk, M. Rashid, M.E.S.M. Rashid, R.M. Shafi, A. Shah, N.S. Shirazi, F. Sufian, G.M.W. Ullah, P. Verhoeven, L. Weill, S. Zaheer, S.R.S.M. Zain, A. Zarka

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Islamic finance has emerged as an alternative to century-old conventional financial instruments to cater to cater to the needs of Muslims as well as non-Muslims. The industry has seen significant growth over the last two decades and has been facing omnidirectional challenges with respect to regulation, competition, and compatibility. These challenges have presented worthy debate on the principles, practices, and performance in Islamic finance globally. In this issue, we have presented issues relevant to the most recent debate on the performance, practices, and principles of the Islamic finance industry as a whole, covering eleven distinct issues. Authors have contributed to the existing body of knowledge on risk management in Islamic banks, diversification in Islamic equity markets, performance and acceptance of Islamic microcredit and Islamic banking services, long-term corporate finance using sukuk, and the social development agenda via the development of financial intuitions, SME financing, and financial inclusion. Selected topics cover the principles in relevant areas, focus on recent practices, and highlight performance on certain influential areas. The issue is aimed at academicians, researchers, and policymakers who are working in the Islamic finance industry and who would like to explore more.

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The Handbook of Islamic Banking comprises 25 studies by leading international experts on Islamic banking and finance specially commissioned to analyse the various debates and the current state of play in the field.From its origins thirty years ago, Islamic banking has expanded rapidly to become a distinctive and fast growing segment of the international banking and capital markets. Despite this expansion, Islamic banking still remains poorly understood in many parts of the Muslim world and continues to be a mystery in much of the West. This comprehensive Handbook provides a succinct analysis of the workings of Islamic banking and finance, accessible to a wide range of readers. At the same time, it seeks to bring the current research agenda and the main issues on Islamic banking before a wider audience.Islamic banking offers, as an alternative to conventional interest-based financing methods, a wide variety of financial instruments and investment vehicles based on profit-and-loss sharing arrangements. These are all explored in detail along with other subjects such as governance and risk management, securities and investment, structured financing, accounting and regulation, economic development and globalization.M. Kabir Hassan, Mervyn Lewis and the other contributors have created an authoritative and original reference work, which will contribute to a wider understanding of Islamic banking as well as provoking further discussion and research. It will be invaluable to all scholars, researchers and policymakers with an interest in this subject.

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The Handbook of Islamic Banking comprises 25 studies by leading international experts on Islamic banking and finance specially commissioned to analyse the various debates and the current state of play in the field.From its origins thirty years ago, Islamic banking has expanded rapidly to become a distinctive and fast growing segment of the international banking and capital markets. Despite this expansion, Islamic banking still remains poorly understood in many parts of the Muslim world and continues to be a mystery in much of the West. This comprehensive Handbook provides a succinct analysis of the workings of Islamic banking and finance, accessible to a wide range of readers. At the same time, it seeks to bring the current research agenda and the main issues on Islamic banking before a wider audience.Islamic banking offers, as an alternative to conventional interest-based financing methods, a wide variety of financial instruments and investment vehicles based on profit-and-loss sharing arrangements. These are all explored in detail along with other subjects such as governance and risk management, securities and investment, structured financing, accounting and regulation, economic development and globalization.M. Kabir Hassan, Mervyn Lewis and the other contributors have created an authoritative and original reference work, which will contribute to a wider understanding of Islamic banking as well as provoking further discussion and research. It will be invaluable to all scholars, researchers and policymakers with an interest in this subject.

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This book explores several challenges facing FinTech in Islamic financial institutions. Firstly, large banks and financial institutions in countries with updated and innovative technological channels will earn the technology arbitrage from FinTech. This ‘size’ puzzle may create a challenge for Islamic financial institutions that are of smaller size and from technologically less-developed countries. Secondly, while access to FinTech is getting broader day by day, usage of FinTech is still limited due to personal and governance-related limitations. Moreover, the level of awareness of the emerging FinTech services (i.e., bitcoin, blockchain, etc.) remains extremely poor even among the residents of technologically-advanced countries. Thirdly, use of FinTech by Islamic financial institutions is limited to Islamic banking, to users from developed countries, among young customers, and for a limited number of traditional banking services such as the deposits and payment services. Also, banks hope to use FinTech to increase the size of a new breed of technology-savvy depositors and loan customers to achieve economies of scale, which may help stabilize the banking sector. Automation in Islamic banks and the participation of Islamic financial institutions in blockchain and bitcoin domains require extensive research from Shariah-compliance as well as market and consumer-related grounds. With all the opportunities and challenges of FinTech—promoting inclusion, easier loan monitoring, and risk of Shariah non-compliance—this book explores the implications for Islamic financial institutions and will be of interest to scholars, researchers, and students of Islamic finance and financial technology.

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This volume presents carefully selected research by reputed scholars on diverse topics dealing with the economic life of Muslims. The book provides a perspective not only on key aspects of the moral economy but also on the behaviour and expectations of economic agents. The distinguished editors have made a valuable contribution by expanding the scope of typical Islamic economics literature and by including topics dealing with the day-to-day life of Muslim society.'- Zamir Iqbal, The World Bank Global Center for Islamic Finance DevelopmentAccording to the most recent Pew Forum on Religion and Public Life, nearly one in four people in the world are Muslim. In light of these numbers, Handbook on Islam and Economic Life is one of the first books to consider Islam within a broader economic sphere by focusing on the ways in which Islam shapes and interacts with the economy.With contributions from leading scholars, this unique Handbook explores how Islam impinges upon and seeks to condition major aspects of economic life including economic organization, business and management, finance and investment, charity, mutuality and self-help, and government. It concludes by analyzing the link between religion and development, the present economic circumstances in Arab countries and the vexed issue of the origins and causes of underdevelopment in Muslim countries.Covering a breadth of topics and research, this book will be essential reading for academics in both Muslim and western universities, graduates and postgraduates of Islamic studies as well as Islamic and other research institutes.Contributors include: B.A. Al-Foul, A.A. Adeyemi, H. Ahmed, T.A. Alias, M. Ariff, M. Chaudry, M. Çizakça, H. Furqani, I.H. Genc, R. Haniffa, M.K. Hassan, M. Hudaib, Z. Iqbal, A.A. Islahi, A.G. Ismail, A.A. Jobst, M. Kahf, M. Khan, S. Kostyshak, M.A. Laldin, M.K. Lewis, N.A. Muhamed, G. Naufal, V. Nienhaus, U.A. Oseni, B.T. Possumah, J.E. Rauch C.E. Regenstein, J.M. Regenstein, M.N. Riaz, J. Rubin, M. Safari, M.N. Siddiqi, S.A. Siddiqui, A. Subhani, R. Wilson, O. Yousfi, A. Zaman

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Law and regulation are becoming increasingly important in any discourse involving the Islamic financial services industry. This important aspect comprises both the legal and Sharīʿah aspects from the pre-contract stage up to the post-execution phase, and even post-contract termination phase. Emerging Issues in Islamic Finance Law and Practice in Malaysia focuses on emerging legal, Sharī‘ah and regulatory issues in the Islamic finance industry in Malaysia. Through the lens of the Malaysian legal framework, financial experts Umar A. Oseni, M. Kabir Hassan, and Rusni Hassan and their expert contributors raise and discuss issues that cut across borders and, as such, can be transposed to other Islamic finance jurisdictions. With the different perspectives and approaches adopted by various chapters, Emerging Issues is specifically designed to meet the needs of academics and practitioners of Islamic finance law to provide general legal and Sharīʿah guidance on the emerging issues identified. In Emerging Issues, Oseni, Hassan and Hassan provide rigorous research for curious minds who seek to ascertain the position of Islamic law on certain new issues, such as the application of Fintech in Islamic finance and the regulation of digital currencies. Readers will also benefit from the case studies included, which are based on the Malaysian legal and Sharīʿah framework since Malaysia is generally considered a model for other Islamic finance jurisdictions.

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The impact of COVID-19 has exposed major cracks in the global financial system and has severely undermined global financial stability. Never have the shortcomings of universal financialization - the dominant principle of the global financial system for the past thirty-odd years - been more obvious or more painful. Islamic finance provides ways forward: based on commercial and social modes of risk-sharing and financing, it offers radical structural solutions to the health, human and financial crises faced in this unprecedented time. In Towards a Post-Covid Global Financial System: Lessons in Social Responsibility from Islamic Finance, an international team of experts explore how COVID-19 has affected the most vulnerable parts of the global economy; how it has been met by Islamic banking and finance specifically; and how the principles of Islamic social finance could be used to have a fairer, more resilient Islamic finance system for all.

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This book, Introduction to Islamic Banking and Finance: An Economic Analysis, covers the basic principles of Islamic economics and finance. It discusses both the theory of Islamic economics and finance as well as the applications in the design of instruments of finance as well as Islamic financial institutions. The book enables its readers to gain an understanding of the structures and operations of Islamic banking, Islamic capital market investments, risk management, and taxation for Islamic banking contracts. The book sets forth the following objectives: An overview of the principles of Islamic economics and understand their contrast with mainstream economics. An overview of basic rules of commercial law in Islamic jurisprudence. An overview of basic principles, structures and operations of Islamic banking both in the liability side and asset side operations. An understanding of Islamic capital market instruments and investment management including some unique activities peculiar to Islamic investments, such as stock screening and income purification. An illustration of different Takaful structures, which are applied for risk management by individuals and corporates. Supplementary materials are available to instructors who adopt this textbook for their courses. These include: Testbank PowerPoint Slides Self-Assessment Questions (SAQ) Answer Key

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This book, Introduction to Islamic Banking and Finance: An Economic Analysis, covers the basic principles of Islamic economics and finance. It discusses both the theory of Islamic economics and finance as well as the applications in the design of instruments of finance as well as Islamic financial institutions. The book enables its readers to gain an understanding of the structures and operations of Islamic banking, Islamic capital market investments, risk management, and taxation for Islamic banking contracts. The book sets forth the following objectives: An overview of the principles of Islamic economics and understand their contrast with mainstream economics. An overview of basic rules of commercial law in Islamic jurisprudence. An overview of basic principles, structures and operations of Islamic banking both in the liability side and asset side operations. An understanding of Islamic capital market instruments and investment management including some unique activities peculiar to Islamic investments, such as stock screening and income purification. An illustration of different Takaful structures, which are applied for risk management by individuals and corporates. Supplementary materials are available to instructors who adopt this textbook for their courses. These include: Testbank PowerPoint Slides Self-Assessment Questions (SAQ) Answer Key

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