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According to economist and Islamic finance critic Feisal Khan, a "true" or strict Islamic banking and finance system of profit and loss sharing (the type supported by Taqi Usmani and the Shariah Appellate Bench of the Supreme Court of Pakistan) would severely cripple central banks' ability to fight a credit crunch or liquidity crisis that leads ...
Non-banking finance. Islamic non-banking finance has grown to encompass a wide range of services, but as of 2013, banking still dominates and represented about four-fifths of total assets in Islamic finance. [60] [44] The sukuk market is also a fast-growing segment with assets equivalent to about 15 percent of the industry.
One of the pioneers of Islamic banking, Mohammad Najatuallah Siddiqui, suggested a two-tier model as the basis of a riba-free banking, with mudarabah being the primary mode, [4] supplemented by a number of fixed-return models – mark-up (murabaha), leasing (ijara), cash advances for the purchase of agricultural produce (salam) and cash ...
ISRA also contributes towards strengthening human capital development in Shari’ah expertise relevant to Islamic finance and provides a platform for greater engagement amongst practitioners, scholars, regulators and academics via research and dialogue, in both the domestic and international arenas.
A student in finance, management, law or economics aiming to learn about Islamic finance needs this side of legal theory in order to understand the peculiarity of this sector. All the particular aspects of Islamic finance in all these sides (legal, accounting, financial) are based on the legal particularities of contracts in traditional Islamic ...
To review and amend accounting and auditing standards for Islamic financial institutions; AAOIFI carries out these objectives in accordance with the precepts of Islamic Shari'a which represents a comprehensive system for all aspects of life, in conformity with the environment in which Islamic financial institutions have developed.
Challenges in Islamic finance; Islamic banking and finance; Islamic finance products, services and contracts; Islamic International Ratings Agency; Profit and loss sharing; Sharia and securities trading
It is a fully peer reviewed and refereed journal, aiming at a wider readership interested to learn more about Islamic economics, finance and other relevant disciplines. It aspires to publish original and unpublished work within the areas of, but not limited to, Sharia ( Islamic law ), Islamic economics , banking, capital markets , takaful ...