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| fiqh al buyu: The Conceptual Idea of the Mua’Malat Fiqh Forensic in the Islamic Financial System Hailani Muji Tahir PhD, 2019-05-20 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. |
| fiqh al buyu: Islamic Monetary Economics and Institutions Muhamed Zulkhibri, Turkhan Ali Abdul Manap, Aishath Muneeza, 2019-10-01 This edited volume explores theoretical and empirical issues related to monetary economics and policy in the Islamic financial system. Derived from the Conference on Islamic Monetary Economics and Institutions: Theory and Practice 2017 held in Malé, Maldives, the enclosed papers highlights several option for authorities and regulatory bodies regarding monetary policy and regulation, as well as discussing how Islamic monetary policy effects growth, financial stability and resilience to shocks in practice. The inter-linkage between Islamic monetary policy and other markets are also explored. The subject of Islamic economics has gained considerable attention in the last four decades with the emergence of Islamic financial institutions around the world. This phenomenon has motivated economists to develop a comprehensive theoretical framework of modern monetary economics for Islamic economic system. An important characteristic of the Islamic economic system is the abolition of interest from the financial system. Islamic monetary economics is distinguished from conventional monetary economics due to the absence of interest. Therefore, under the Islamic economic system, monetary policy has to depend on other tools. In the early theoretical literature on Islamic monetary economics, many have discussed the role of money in Islamic economics system, while the number of empirical studies on Islamic monetary economics is a relatively new phenomenon. According to Islamic scholars, there are three main goals of Islamic monetary policy: a) economic well-being with full employment and optimum rate of economic growth; b) socioeconomic justice and equitable distribution of income and wealth and c) stability in the value of money. Hence, the Islamic monetary policy has several socioeconomic and ethical implications. Featuring regional case studies, this book serves as a valuable resource for academics, scholars, practitioners and policy makers in the areas of Islamic economics and finance. |
| fiqh al buyu: Simple Zakat Guide Joe Bradford, 2022-04-14 Simple Zakat Guide explains the rules and reasons for Zakat. Step by step worksheets are provided for every section. Topics include everything from Zakat liable assets, expense deductions, haram earnings, 401k and retirement accounts, how to calculate Nisab, and basic of Islamic charitable ethics. In this 3rd addition, new sections on cryptocurrencies were added, and expanded material on retirement accounts is provided. Simple Zakat Guide seeks to be an accessible middle ground for people wanting to learn how and why to fulfill this pillar of Islam in a clear and concise manner. 3rd Edition - Updated with New Information on Crypto-Currencies and Retirement Accounts. |
| fiqh al buyu: Islamic Law and Civil Code Richard A. Debs, 2010 Richard A. Debs analyzes the classical Islamic law of property based on the Shari'ah, traces its historic development in Egypt, and describes its integration as a source of law within the modern format of a civil code. He focuses specifically on Egypt, a country in the Islamic world that drew upon its society's own vigorous legal system as it formed its modern laws. He also touches on issues that are common to all such societies that have adopted, either by choice or by necessity, Western legal systems. Egypt's unique synthesis of Western and traditional elements is the outcome of an effort to respond to national goals and requirements. Its traditional law, the Shari'ah, is the fundamental law of all Islamic societies, and Debs's analysis of Egypt's experience demonstrates how Islamic jurisprudence can be sophisticated, coherent, rational, and effective, developed over centuries to serve the needs of societies that flourished under the rule of law. |
| fiqh al buyu: Fiqh Kewangan Islam Zaharuddin Abd Rahman, 2014-03-14 Akad jual beli adalah akad yang penting dan sering digunakan oleh setiap lapisan masyarakat. Maka, usaha mengupas hikmah-hikmah di sebalik akad jual beli adalah satu usaha yang penting dan perlu diberi perhatian. Kajian ini tidak hanya terbatas kepada maqasid atau tujuan-tujuan pensyariatan sahaja. Ia turut mencakupi perbahasan mengenai beberapa permasalahan semasa mengenai hukum jual beli yang secara tidak langsung menambahkan lagi pengetahuan kita tentang muamalat semasa. Buku ini mampu menghapuskan kekeliruan yang timbul dalam hukum jual beli secara khusus, dan yang berkaitan harta secara umumnya. Dikaji secara ‘fiqhiyyah’ berserta dengan maqasidnya yang jelas, dapat memberi gambaran yang lebih praktikal dan mudah difahami. |
| fiqh al buyu: Jami at-Tirmidhi: Chapters on Trade and Commerce Explained Imam Muhammad Ibn Isa At-Tirmidhi, 2023-06-01 The Hadith lectures of the respectable Shaykh Mufti Muhammad Taqi Usmani on Jāmiʿ al-Tirmidhī were transcribed and published in Urdu, entitled Dars Tirmidhī and Taqrīr Tirmidhī, in five volumes. Over the years, they received the approval of scholars, teachers and students alike. Turath Publishing now has the honour of presenting its readers with a translation of this monumental work. This particular publication comprises the commentary of the chapters on trade and commerce. In addition to a lucid and highly readable translation, the translator has added useful footnotes from Mufti Muhammad Taqi Usmani’s other works, making it truly a manual on Islamic finance. A must for Islamic scholars, students and Islamic finance industry experts alike. |
| fiqh al buyu: Enhancing Halal Sustainability Nur Nafhatun Md Shariff, Najahudin Lateh, Nur Farhani Zarmani, Zety Sharizat Hamidi, Zeiad Amjad Abdulrazzak Aghwan, Norliza Binti Dato Haji Mahalle, Hakimah Haji Yaacob, Tomizawa Hisao, 2021-05-10 The global halal industry is likely to grow to between three and four trillion US dollars in the next five years, from the current estimated two trillion, backed by a continued demand from both Muslims and non-Muslims for halal products. Realising the importance of the halal industry to the global community, the Academy of Contemporary Islamic Studies (ACIS), the Universiti Teknologi MARA Malaysia (UiTM) and Sultan Sharif Ali Islamic University (UNISSA) Brunei have organised the 4th International Halal Conference (INHAC) 2019 under the theme “Enhancing Halal Sustainability'. This book contains selected papers presented at INHAC 2019. It addresses halal-related issues that are applicable to various industries and explores a variety of contemporary and emerging issues. It covers aspects of halal food safety, related services such as tourism and hospitality, the halal industry - including aspects of business ethics, policies and practices, quality assurance, compliance and Shariah governance Issues, as well as halal research and educational development. Highlighting findings from both scientific and social research studies, it enhances the discussion on the halal industry (both in Malaysia and internationally), and serves as an invitation to engage in more advanced research on the global halal industry. |
| fiqh al buyu: Islamic Financial Contracts Hussain Mohi-ud-Din Qadri, Nasir Iqbal, 2021-06-30 Islam encourages business and financial transactions as a way of securing the basic needs for all human beings, but these need to be conducted in accordance with the principles contained in the Qur’ān and Sunnah. However, these legal concepts are not classified subject-wise, and the verses on commercial law, like all other topics, are scattered throughout the Qur’ān, making it difficult for readers to gain a full understanding of the topic. This, therefore, is the first comprehensive book to demystify Islamic contract law and specifically Islamic financial contracts, and to examine its roots and history. The book is written in a clear style to allow for a greater understanding of the more challenging and misunderstood areas pertaining to Islamic business and financial contracts. It also contributes a series of chapters which address the market niche and need, concerning Shariah compliance for Islamic financial products and services. The book is divided into 16 chapters in order to provide a holistic and thorough overview of Islamic law of contract. It covers the objections and misconceptions surrounding Islamic business and financial contracts. It also includes the key features and guiding principles of Islamic law of contract and offers technical know-how, illustrating the concept of formation of a contract, as well as the essential elements of a valid contract. The authors also offer a discussion on the system of options under Islamic business and financial contracts and potential solutions to breach of contracts. The book will serve as a handy reference for scholars and students of Islamic business and finance and Islamic commercial law and will also be beneficial for practitioners as well as legal and judicial officers. It will open new doors for further research in the field of Islamic financial contracts. |
| fiqh al buyu: Halal Cryptocurrency Management Mohd Ma'Sum Billah, 2019-06-18 The growth of Islamic finance today is significant, making it timely to meet the market demand across the world and particularly for Muslim countries by producing a cryptocurrency model under the Shari’ah ethical principles. This book addresses core components of cryptocurrency within the Maqasid al-Shari’ah in enabling students, academics, users, traders, issuers, promoters, facilitators, managers, regulators, decision makers, blockchain technology providers, financial authorities, and other relevant professionals to understand Shari’ah cryptocurrency and its practical mechanisms. Among the issues covered are corporate understanding, global phenomena and world view, the Shari’ah model, SWOT analysis, innovation, conventional practices and the Halaldichotomy, regulatory standards, blockchain and its technological paradigm, practicality, establishment, and operational mechanisms, Zakat and Waqf through cryptocurrency, risk factors, and takaful solution. This book establishes a Halal alternative model of cryptocurrency management within the Maqasid al-Shari’ah to meet the contemporary global market demand. |
| fiqh al buyu: Islamic Monetary Economics Taha Eğri, Zeyneb Hafsa Orhan, 2020-12-10 The existence of fiat currencies has long been cited as one of the major contributing factors to the challenges facing contemporary economies, and the current monetary system is not only a key source of exorable increases in interest rates but also a principal cause of inflation and decline in the value of money in many countries. The editors argue that an Islamic monetary system, with its specific money concepts, interest-free financial institutions, and monetary policy embedded in real growth, provides a solution to this conundrum. Contributions from many world-renowned experts consider a wide array of topics, ranging from the theoretical concepts of money and banking in conventional and Islamic economics to the historical journey of money from precious metals to plastic money and digital currency today. The book outlines the problems that sprout from interest-based banking and multiple debt structures. It then mirrors the Islamic concepts of money as well as idiosyncrasies of its monetary policy. Supported with meticulous research and empirical evidence, the book demonstrates the efficacy of Islamic monetary system in delivering real growth along with equitable distribution of wealth and prosperity in the economy. It additionally acquaints the readers with juristic debates about money and monetary policy. This is essential reading for both students and researchers in Islamic economics, banking, and finance, expertly promoting a fair and just economic system that emerges as a result of interest-free banking and monetary policy based on Islamic principles. |
| fiqh al buyu: Fiqh Muamalah Drs. Harun, M.H., Buku ini disusun guna membantu pembaca dalam mempelajari fiqh muamalah yang diharapkan dapat mengembangkan konsep dasar (embrio) hukum ekonomi syari'ah. Buku ini berisi dua puluh bab yang terdiri atas (1) harta; (2) milik; (3) akad; (4) hak dan kewajiban; (5) jual beli; (6) ijarah (sewa menyewa); (7) rahn (gadai); (8) qardh (utang piutang); (9) riba; (10) ariyah; (11) hiwalah; (12) kafalah; (13) syirkah; (14) mudharabah; (15) muzaro'ah; (16) musaqah; (17) wadi'ah; (18) wakalah; (19) hibah; (20) ju'alah. |
| fiqh al buyu: The Authority of Sunnah Muḥammad Taqī ʻUs̲mānī, 2004 |
| fiqh al buyu: Islamic Imperial Law Benjamin Jokisch, 2007 Despite the historical and contemporary significance of the Sharia, it has not yet been possible to solve the puzzle of its origins. Whereas previous research has postulated a greater or lesser degree of endogenous Islamic development, the present study reaches a different conclusion, namely that at the end of the 8th century Muslim state lawyers in Baghdad codified an Islamic Imperial Law, oriented strongly towards Roman-Byzantine law. It is part of an Islamic-Byzantine context, and can only be explained against this intercultural background. |
| fiqh al buyu: Readings in Islamic Economics and Finance (UUM Press) Nur Azura Sanusi, Mukaramah Harun, Shamzaeffa Samsudin, 2007-01-01 Part 1; Islamic concept and regulations -- Part 2; Islamic banking -- Part 3; Islamic capital market -- Part 4; Other issues. |
| fiqh al buyu: Ottoman Connections to the Malay World Saim Kayadibi, 2011 This book constitutes a study of Southeast Asia, discussing the Malay world's long historical connection with the Muslim people including the Rumi-Turks, Hadramis and the Ottomans. These connections reflect religious, political and legal cooperations. It also discusses the Ottomans' policy of pan-Islamism and the role of Sultan Abdulhamid II in improving ties with the Malay world and their scholars, rulers and heritage, in the fight against Western colonial powers. In seven essays, the contributors to this book discuss the early religious-intellectual network in the region as well as the evolution of the judicial and political systems. |
| fiqh al buyu: Shari'a and Muslim Minorities Uriya Shavit, 2015-11-12 Based on a comparative analysis of several hundred religio-juristic treatises and fatwas (religious decisions), Shari'a and Muslim Minorities: The Wasati and Salafi Approaches to Fiqh al-Aqalliyyat al-Muslima offers the most systematic and comprehensive study to date of fiqh al aqalliyyat al-Muslima - the field in Islamic jurisprudence that treats issues that are unique to Muslims living in majority non-Muslim societies. The book argues that two main contesting approaches to fiqh al-aqalliyyat al-Muslima, the wasati and the salafi, have developed, in part dialectically. While both envision a future Islamizing of the West as a main justification for Muslim residence in the West, the wasati approach is pragmatic, facilitating, and integration-minded, whereas the salafi calls for strict application of religious norms and for introversion. The volume examines diverse and highly-debated juristic issues, including the permissibility of naturalizing in non-Muslim states, participating in their electoral systems and serving in their militaries and police forces; the permissibility of taking mortgages and student loans; the permissibility of congratulating Christians on Christmas or receiving Christmas bonuses; and the permissibility of working in professions that involve breaching of religio-legal prohibitions (e.g. serving pork). Discussions highlight the diversity within contemporary Islamic jurisprudence and introduce new nuances to highly-charged concepts such as proselytizing, integration, and multiculturalism. |
| fiqh al buyu: Islamic Commercial Law Muhammad Yusuf Saleem, 2013-01-15 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. |
| fiqh al buyu: Islamic Banks and Financial Institutions Fayaz Ahmad Lone, 2016-04-29 This book is a study of the objectives of Islamic Finance in the modern banking space and offers insight into the effects of changes and developments occurring in Islamic banking products and services. |
| fiqh al buyu: The Origins of Islamic Jurisprudence Harald Motzki, 2002 Based on a new source, this study reconstructs for the first time the early development of Islamic jurisprudence at Mecca and challenges the current view of scholarship concerning the origins of Islamic jurisprudence. |
| fiqh al buyu: AMERICAN JOURNAL OF ISLAMIC SOCIAL SCIENCES 24:1 Bican Üahin, Asyraf Wajdi Dusuki and Nurdianawati Irwani Abdullah, Abdul Kabir Hussain Solihu, Saim Kayadibi, Samer Abboud, Mohammad Fadel, Timothy P. Daniels, K. Luisa Gandolfo, Jeffrey C. Burke, Robert Launay, Sean L. Yom, Martin Nguyen, Behnam Sadeki, Jawad Qureshi, Mohammed Faghfoory and Mahdi Tourage, Ian Storey and Greg Barton, Layla Sein, 2007-11-05 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. |
| fiqh al buyu: DYNAMICS OF ISLAMIC FINANCE PRODUCTS AND CONTRACTS IN INDONESIA DYNAMICS OF ISLAMIC FINANCE PRODUCTS AND CONTRACTS IN INDONESIA, 2018-06-22 “Bank Indonesia terus berupaya mendukung pengembangan keuangan syariah melalui blueprint dengan pembentukan lima pilar strategis: Pengembangan produk dan pasar keuangan syariah, pengembangan sumber daya manusia, memperkuat kerangka kerja, pembiayaan untuk sektor riil dan UMKM serta mempromosikan struktur industri yang lebih efisien dan berpartisipasi dalam keuangan syariah global. Lahirnya buku Dinamika Produk dan Akad Keuangan Syariah di Indonesia ini tentu sejalan dengan upaya tersebut.” Agus D.W. Martowardojo Governor of Bank Indonesia “No doubt, Islam is a system and way of life which is intact and unified. It is not just a torch to truth and salvation, but also a complete guide to all aspects of life in this world, including in the financial sector. Publication of the book entitled The Dynamics of Islamic Financial Products and Contracts in Indonesia is one such proof. Islam emphasizes the ‘dualism of piousness’; pious in terms of spirituality and financial matters, and clearly the book is one of the ‘white paper’ that everyone should read” KH. Ma’ruf Amin The Chief of Indonesian Ulama Council |
| fiqh al buyu: Islam Dan Sains Kesihatan: Mudarat Dan Manfaat Babi (UM Press) Mohd Afifuddin Mohamad, Ishak Suliaman, Edah Md. Aris, Perbincangan buku ini tertumpu kepada makhluk babi yang menimbulkan polemik dalam pelbagai isu sama ada makanan, kesihatan dan sebagainya. Babi merupakan organisma hidup yang disebut lima kali di dalam al-Quran, tujuh kali di dalam hadis, seterusnya dihukum haram dan najis oleh kebanyakan fuqaha. Terdapat dalam kalangan ulama mentafsirkan ayat berkaitan babi dengan mengaitkannya dengan kesihatan serta menghubungkan dengan elemen maqasid syarciyyah di samping menjelaskan babi mendatangkan kemudaratan melalui penyakit yang dibawanya. Di sebalik pengharaman babi, penyelidikan dalam buku ini turut merungkai kepelbagaian manfaat kesihatan khususnya melibatkan proses xenotransplantasi yang bertindak sebagai medium terapeutik pada masa kini. Beberapa model telah dibentuk dalam buku ini yang terdiri daripada Model a, b, c, d dan e bertujuan untuk mengkategorikan babi dalam model tertentu untuk memudahkan proses penyelesaian isu kesihatan yang mempunyai hubungan dengan Islam. Hasil penyelidikan mendapati bahawa, babi mempunyai sistem anatomi, fisiologi, metabolik seakan-akan manusia yang menjadikannya mudah diterima oleh badan manusia. Namun begitu, perlu diketahui bahawa babi juga merupakan binatang yang memudaratkan dari sudut penyakit. Penulisan ini menganalisis manfaat xenotransplantasi ke atas unsur babi terpilih yang berfungsi untuk dijadikan alternatif antaranya injap jantung, hati, buah pinggang, sel β islet, insulin dan sel neural babi. Penggunaan unsur-unsur tersebut tertakluk kepada konsep darurah yang turut melibatkan kaedah qiyas dan maslahah bagi menyelesaikan isu berkaitan dengan pertembungan antara manfaat dengan mudarat babi. Kajian ini juga mendapati bahawa, proses xenotransplantasi unsur babi turut memindahkan retrovirus berbahaya iaitu porcine endogenous retrovirus (PERV) ke dalam badan manusia yang berupaya melakukan integrasi bersama-sama genom sel dan tisu hidup manusia. Oleh sebab itu keharusan dan pengharaman penggunaan unsur babi bagi tujuan kesihatan perlu berasaskan konsep tacbudiyyah (perhambaan) dan bukannya atas konsep tacakuliyyah (rasional) semata-mata. Penggunaan babi menjadi isu kritikal apabila menyentuh soal kesihatan yang merupakan salah satu perkara penting bagi memelihara elemen maqasid syari’ah iaitu pemeliharaan kepada jiwa (Hifz al-Nafs). |
| fiqh al buyu: Mukhtasar Al Quduri Aḥmad ibn Muḥammad Qudūrī, 2016 |
| fiqh al buyu: Pemikiran Etika Bisnis M. Dawam Rahardjo Ade Fauzi, 2015-06-29 Buku ini awalnya adalah tesis yang ditulis dalam rangka menyelesaikan studi di Program Magister Sekolah Pascasarjana Universitas Islam Negeri Syarif Hidayatullah Jakarta. Tesis awal berjudul “Pemikiran Etika Bisnis Dawam Rahardjo Perspektif Ekonomi Islam”. Penelitian ini didasari curiousity (minat ingin tahu) penulis tentang konsep etika bisnis yang ditawarkan oleh Dawam Rahardjo. Beberapa alasan kenapa penulis memilih Dawam Rahardjo sebagai “objek” penelitian, diantaranya: ia adalah orang asli Indonesia, dan ia juga termasuk tokoh intelektual muslim yang termasuk paket komplit karena dikenal dengan beberapa keahlian seperti ekonom, budayawan, agamawan, sastrawan, dan aktifis sosial. Dengan beragam background ini, maka akan sangat menarik untuk melihat keterkaitan antara satu pemikirannya dengan pemikiran lainnya, khususnya pengaruh pada pemikiran etika bisnis Islam. Penulis membuat kosntruk dan memformulasikan pemikiran etika bisnis Dawam Rahardjo. Formulasi ini kemudian dianalisis dengan uji kompatibilitas dan relevansi, dengan adanya dua analisis ini maka kajian mengenai pemikiran etika bisnis Dawam Rahardjo lebih komprehensif. Dalam perkembangan selanjutnya, dilakukan beberapa proses editing oleh penulis. Dengan lebih menampilkan kajian pemikiran etika bisnis Dawam Rahardjo, dan ‘membuang’ beberapa bagian, seperti pendahuluan dan meringkas beberapa redaksi sehingga buku ini dapat dengan mudah dibaca para pembaca. Sebuah buku yang mengupas etika bisnis Islam yang bertolak dari pemikiran tokoh Indonesia, M. Dawam Rahardjo. |
| fiqh al buyu: Encyclopedia of Islamic Insurance, Takaful and Retakaful Mohd Ma'Sum Billah, Ezzedine Ghlamallah, Christos Alexakis, p.p1 {margin: 0.0px 0.0px 0.0px 0.0px; font: 10.0px Arial} The model of Islamic insurance policy is based on the principles of mutual cooperation, brotherhood and solidarity. This timely volume contradicts the widely-held belief that insurance policies oppose the teachings of Islam, exploring ways in which it coheres with Shari’ah law. The book explores Takaful, an insurance paradigm that is in accordance with Islamic principles and suits the needs of modern Islamic economies and communities. |
| fiqh al buyu: Islamic Commercial Law Muhammad Yusuf Saleem, 2012-11-09 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. |
| fiqh al buyu: The Law of Riba in Islamic Banking Hasan Gürak, Neelambar Hatti, 2024-03-12 The issue of riba, that is, interest/the excess or surplus on loans is crucial for both Islamic and non-Islamic countries. Western economic systems use interest to distribute financial resources efficiently for investment and/or consumption, while Islamic economies pursue a completely different strategy for financing loans, which adheres to Islamic laws and prohibits the activities of conventional banking systems with regard to interest. This book argues that there is scope for new definitions and analysis based on alternative concepts which respect Islamic values and principles, yet pave the way for modification and debate. The book comprises of two parts. Theoretical issues are dealt with in the first section. The first two chapters examine conventional Islamic views on the prohibition of riba, while Chapters 3 and 4 contain unprecedented and alternative theoretical analysis based on concepts such as earned (halal-permitted-legal) vs. unearned (haram-impermissible-illegal) income and SUKUK, that is, Islamic interest-free bonds. The second part of the book tackles another unconventional aspect of Islamic finance, that is, the concept of NAS. The book considers whether the NAS-influenced anti-inflationary interest policy was a success or failure. Empirical data is evaluated in terms of bank incomes, inflation rate, interest rate, and the distribution of income. This book will be a useful guide for students, scholars, and researchers of Islamic banking and finance. |
| fiqh al buyu: Studies in Islamic Law and Society , 1996 |
| fiqh al buyu: FILSAFAT HUKUM EKONOMI SYARIAH Dr. JM. Muslimin, MA, 2022-01-20 |
| fiqh al buyu: Developments in Islamic Banking Practice Abu Umar Faruq Ahmad, 2010 Developments in Islamic Banking Practice: The Experience of Bangladesh examines global developments in the Islamic banking practice, and provides an in-depth analysis of the theory and practice of Islamic banking in Bangladesh, the third-largest Muslim country in the world, with over 150 million Muslims. This book is the first of its kind to examine Islamic banking principles and practices in Bangladesh on such a broad scale. Learners, teachers, researchers, and those practically involved in the burgeoning financial industry will derive value from this book. Readers from all disciplines will become familiarized with the key differences between the principles and practices of two distinct banking systems: the interest-free Islamic banking and the interest-based conventional banking. With the inclusion of citations from authentic references, a well-defined methodology of research, relevant data, tables and figures, coupled with the extensive field work and experience of the author in this sector, this book will serve as a reliable resource to understanding Islamic banking and finance as they function in the general world of finance, and in particular, Bangladesh. |
| fiqh al buyu: The Origins of Islamic Law Yasin Dutton, 2002 This book considers the methods used to derive the judgements of the law from the Qur'an, demonstrating in detail the various methods used, both linguistic and otherwise, in interpreting the legal verses. |
| fiqh al buyu: Islamic Finance David Eisenberg, 2012-03-22 This work is a practical and commercial guide to the fundamental principles of Islamic finance and their application to Islamic finance transactions. Islamic finance is a rapidly expanding, global industry and this book is designed to provide a practical treatment of the subject. It includes discussion and analysis of the negotiation and structure involved in Islamic finance transactions, with relevant case studies, structure diagrams and precedent material supporting the commentary throughout. An introductory section describes the theoretical background and explains the principles (and their sources) of Islamic law which underpin Islamic finance practices, providing an important backdrop to the work as a whole. The work also considers the role of Shariah supervisory boards, Islamic financial institutions and the relevance of accounting approaches. The work adopts an international perspective to reflect the pan-global nature of the industry and accepted practices, with the aim to bring together different schools of thought applied in international Islamic finance transactions. It also highlights any regional differences in accepted practice by reviewing the position in the Gulf states, Asia, the UK and Europe and the USA. The second part of the book concentrates on Islamic financial law in practice and begins with a section on financial techniques. This section explains the basic requirements for Islamic finance contracts both in terms of the underlying asset types and also both the applicability and acceptability of the underlying asset. There is a full discussion of the various types of contractual models such as Mudaraba (trustee finance), Musharaka (partnership or joint venture), Murabaha (sale of goods), and Sukuk (participation securities: coupons etc). The nascent area of Takaful (insurance) is also covered as are matters specific to the important field of project and asset finance. |
| fiqh al buyu: Research Journal , 1993 |
| fiqh al buyu: Fintech, Digital Currency and the Future of Islamic Finance Nafis Alam, Syed Nazim Ali, 2020-11-28 The banking and financial landscape has been inundated with technology over the last decade, with FinTech, InsurTech and RegTech being just some of the new applications within finance. In the Gulf Cooperation Council (GCC), FinTech is yet to find its feet despite several digital transformation drives initiated by the regional governments in the UAE and Bahrain. In comparison to conventional finance, the use of FinTech within Islamic financial institutions (IFIs) in GCC countries is still in its very early stages. However, the potential disruption that technology may cause for the Islamic finance sector within this region cannot be underestimated. Aiming to highlight, examine and address key strategic, operational and regulatory issues facing IFIs as they make an effort to keep up with the FinTech revolution, this book explores the market positioning, product structure and placement, delivery channels and customer requirements within the GCC market. The authors evaluate the current situation and look forward to future regulation surrounding technology and financial institutions within the GCC. Scholars and students researching Islamic finance and financial technology will find this book an insightful and valuable read, as well as those interested in international finance more generally. |
| fiqh al buyu: Hasbi's Theory of Ijtihad in the Context of Indonesian Fiqh Yudian Wahyudi, 2007 |
| fiqh al buyu: The Real Cry of Syed Shaykh al-Hady Alijah Gordon, 2021-06-17 Syed Shaikh al-Hady lived in a period where the hegemonic position of Traditionalist Islam in the Malay-Muslim society was challenged by modernization. The traditionalist ulama’ perceived modernity as an ideological enemy; but on the other hand Syed Shaikh al-Hady worked and preached for a synthesis between the two. He believed that Islam and modernization are not antagonistic to each other. Instead, both are useful combination to revive the rational and scientific approach within the Islamic discourse hence making it very attractive to the younger generation of his time. And even until today, Syed Shaykh al-Hady remains as an inspiring figure and an icon for the various contemporary Islamic reformist movements that have resumed the work of islah (reform) and tajdid (renewal) for the betterment of the Muslim society. |
| fiqh al buyu: Risk-Sharing Finance Saad Bakkali, Abbas Mirakhor, 2021-05-10 The contemporary finance deals mainly with multilateral and multi-counterparty transactions. Islamic Jurisprudence (Fiqh) has yet to develop its conceptualization of this modality of financing. Thus far, it has become a norm for large financing projects to rely on a complex structure of interconnected bilateral contracts that in totality becomes opaque, complex and costly. An unfortunate result of the unavailability of an efficient Fiqhi model applicable to modern multilateral and multi-counterparty contracts has been the fact that the present Islamic finance has been forced to replicate conventional risk-transfer (interest rate based) debt contracts thus drawing severe criticisms of duplicating conventional finance. In 2012, a gathering of some of the Muslim world’s most prominent experts in Jurisprudence (Fuqaha) and economists issued the Kuala Lumpur Declaration (Fatwa) in which they identified risk sharing as the essence of Islamic finance. The Declaration opened the door for a new Fiqh approach to take the lead in developing the jurisprudence of multilateral and multi-counterparty transactions. This Declaration (Fatwa) provides a prime motivation to search for a comprehensive model of risk sharing that can serve as an archetypal contract encompassing all potential contemporary financial transactions. From the perspective of Islamic Jurisprudence (Fiqh), the technicalities of the concept of risk sharing in contemporary finance have yet to be defined in Islamic literature. This book attempts to clarify and shed light on these technicalities from the perspective of Fiqh. It is a comprehensive study that relies on the fundamental Islamic sources to establish a theoretical and practical perspective of Fiqh encompassing risk-sharing Islamic finance as envisioned in the Kuala Lumpur Declaration of 2012. This new paradigm should lead to a more efficient approach to multilateral and multi-counterparty Islamic contracts which, here-to-fore has been lacking in the current configuration of Islamic finance. |
| fiqh al buyu: Understanding the Role of Indonesian Millennials in Shaping the Nation's Future Ju-Lan Thung, Maria Monica Wihardja, 2024-02-05 Millennials or Generation Y—those born between 1981 and 1996—represent the population cohort who are moving into the prime of their careers and lives. It is this generation that is being groomed to take up leadership roles in various sectors of society. In Indonesia, those from the millennial generation are slated to take up positions as leaders in various important spheres of society. However, the country’s demographic changes call for comprehending the intergenerational gap that is at the core of the so-called millennial disruptions. This book is a compendium of writings to provide a broad picture of the role of millennials in Indonesia's future. One chapter covers generational differences in life course events; two chapters cover the role of millennials in changing the political landscape; two chapters delve into generational differences in risk-taking behaviours in the financial sector and digital competency among MSME entrepreneurs; two chapters examine millennials’ religious views on the cryptocurrency economy and generational differences in the spiritual process of self-discovery; and two chapters study participatory art among millennials and how millennial artists respond to NFT technology. |
| fiqh al buyu: Handbook on Islam and Economic Life M. Kabir Hassan, Mervyn K. Lewis, 2014-12-31 øHandbook on Islam and Economic Life is a unique study, one of the first of its kind to consider Islam within a broader economic sphere. Covering a wide breadth of topics and research, it explores how Islam impinges upon and seeks to shape major aspect |
| fiqh al buyu: Fintech in Islamic Finance Umar A. Oseni, S. Nazim Ali, 2019-06-07 Featuring high-level analysis of Islamic law, this book examines fintech in Islamic finance from both theoretical and empirical perspectives. Whilst building on existing approaches, it also discusses the current application of fintech in promoting financial inclusion through innovative solutions in Muslim-majority countries, identifying future directions for policy-makers. With original chapters written by prominent academics, senior lawyers and practitioners in the global Islamic finance industry, this book serves as the first standalone pioneering reference work on fintech in Islamic finance. It also, for the first time, examines the position of Islamic law on cryptocurrencies, such as bitcoin. Besides the conceptual analysis of the Sharīʿah and legal aspects of fintech in Islamic finance, this book provides relevant case studies showing current and potential developments in the application of fintech in various sectors ranging from crowdfunding and smart contracts, to Online Dispute Resolution, Investment Account Platform and identity verification in the KYC process. Setting the agenda for researchers in the field, Fintech in Islamic Finance will be useful to students and scholars of Islamic finance and financial technology. |
Difference between Shari’ah, Fiqh and Usul Al-Fiqh
Shari`ah is the entire religion; Fiqh is knowledge of the practical, minor Shar‘i rulings and Usul al-Fiqh is knowledge of the evidence for Shar‘i rulings and the ways in which these rulings are …
How did Islamic fiqh develop? - Islam Question & Answer
Fiqh and knowledge spread throughout the ummah from the companions of Ibn Mas’ood, the companions of Zayd ibn Thaabit, the companions of ‘Abd-Allaah ibn ‘Umar, and the …
Principles of Fiqh - Islam Question & Answer
Principles of Fiqh what the Muslim must know and refrain from; what he cannot afford to be unaware of regarding acts of worship, interactions with others, customs and traditions, …
Sources of Islamic legislation - Islam Question & Answer
What is meant by the sources of fiqh is the evidence from which it is derived and on which it is based. If you wish, you may say: The sources from which it is derived. Some people call these …
Studying fiqh according to a particular madhhab, and advanced …
Studying fiqh according to a particular madhhab, and advanced books about tafseer and fiqh Question: 250296 What are the Advanced Books to be referred for fiqh,tafsir etc. (english …
Definición de shari'ah, fiqh y usul al-fiqh - Islam Preguntas y …
Shari'ah es toda la religión; fiqh es el conocimiento de las resoluciones prácticas y veredictos menores de la shar'i que se derivan de pruebas detalladas; y usul al-fiqh es el conocimiento …
Usool al-Fiqh - Islam Question & Answer
Usool al-Fiqh Combining the intention of offering the Sunnah prayer before `Asr and making up the Sunnah prayer of Zuhr The five necessities and the difference of opinion as to whether …
What Is ‘Aqeedah? - Islam Question & Answer
Praise be to Allah, and blessings and peace be upon the Messenger of Allah. What is ‘Aqeedah? ‘ Aqeedah refers to those matters which are believed in, with certainty and conviction, in one’s …
Fiqh und seine Grundlagen - Der Islam - Frage und Antwort
Islam Q&A ist eine wissenschaftliche, pädagogische Da’wa-Website. Ihr Ziel ist es wissenschaftlich nachgewiesene Ratschläge und Antworten auf angemessene und …
Islam Question & Answer
Islam Question & Answer is a site that aims to provide intelligent, authoritative responses to anyone's question about Islam
Difference between Shari’ah, Fiqh and Usul Al-Fiqh
Shari`ah is the entire religion; Fiqh is knowledge of the practical, minor Shar‘i rulings and Usul al-Fiqh is knowledge of the evidence for Shar‘i rulings and the ways in which these rulings are derived.
How did Islamic fiqh develop? - Islam Question & Answer
Fiqh and knowledge spread throughout the ummah from the companions of Ibn Mas’ood, the companions of Zayd ibn Thaabit, the companions of ‘Abd-Allaah ibn ‘Umar, and the companions …
Principles of Fiqh - Islam Question & Answer
Principles of Fiqh what the Muslim must know and refrain from; what he cannot afford to be unaware of regarding acts of worship, interactions with others, customs and traditions, clothing, …
Sources of Islamic legislation - Islam Question & Answer
What is meant by the sources of fiqh is the evidence from which it is derived and on which it is based. If you wish, you may say: The sources from which it is derived. Some people call these …
Studying fiqh according to a particular madhhab, and advanced …
Studying fiqh according to a particular madhhab, and advanced books about tafseer and fiqh Question: 250296 What are the Advanced Books to be referred for fiqh,tafsir etc. (english …
Definición de shari'ah, fiqh y usul al-fiqh - Islam Preguntas y …
Shari'ah es toda la religión; fiqh es el conocimiento de las resoluciones prácticas y veredictos menores de la shar'i que se derivan de pruebas detalladas; y usul al-fiqh es el conocimiento de …
Usool al-Fiqh - Islam Question & Answer
Usool al-Fiqh Combining the intention of offering the Sunnah prayer before `Asr and making up the Sunnah prayer of Zuhr The five necessities and the difference of opinion as to whether …
What Is ‘Aqeedah? - Islam Question & Answer
Praise be to Allah, and blessings and peace be upon the Messenger of Allah. What is ‘Aqeedah? ‘ Aqeedah refers to those matters which are believed in, with certainty and conviction, in one’s …
Fiqh und seine Grundlagen - Der Islam - Frage und Antwort
Islam Q&A ist eine wissenschaftliche, pädagogische Da’wa-Website. Ihr Ziel ist es wissenschaftlich nachgewiesene Ratschläge und Antworten auf angemessene und vereinfachte Weise …
Islam Question & Answer
Islam Question & Answer is a site that aims to provide intelligent, authoritative responses to anyone's question about Islam
