Browsing by Author Iqbal, Zamir

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Showing results 1 to 17 of 17
  • an introduction to Islamic finance_1st edition.jpg.jpg
  • Book


  • Authors: Iqbal, Zamir; Mirakhor, Abbas (2007)

  • This book explains the fundamental principles and functions of an economic, banking and financial operating under Shariah (Islamic law). Numerous tenets of Islamic - from social justice, equality, preservation of property rights, sanctity of contracts and the prohibition of riba (interest) - are discussed with relation to the economic behavior of individuals, society and state.

  • introduction_Islamic_finance_theory_practice_cover.jpg.jpg
  • Book


  • Authors: Iqbal, Zamir; Mirakhor, Abbas (2011)

  • This book explains the fundamental principles and functions of an economic, banking and financial system based on principles derived from the basic sources of Islam. Rules constituting the institutional scaffolding of such a system—property rights principles, sanctity of contracts and the requirement of faithfulness to terms and conditions of contracts, trust and trustworthiness, risk sharing, and prohibition of interest-rate based debt contracts among others—are discussed with relation to the economic behavior of individuals, society and state.

  • an_Islamic_perspectives_in_economic_development.pdf.jpg
  • Chapter in Book


  • Authors: Iqbal, Zamir; Mirakhor, Abbas (2010)

  • Islam has provided a blueprint of how a society is to be organized, and how the affairs of its members are to be conducted in accordance with its prescriptions. The system itself has not been applied in its entirety, with the exception of a brief period at the inception of Islam. Only in recent decades have Muslims become interested in society-wide implementation of Islamic teachings, with all this implies for development.

  • benchmarking_objectives_Shariah_Islamic law_index_performance_select_OIC_countries_alaabed.pdf.jpg
  • Journal Article


  • Authors: Alaabed, Alaa; Askari, Hossein; Iqbal, Zamir; Ng, Adam Boon Ka (2016)

  • Islam offers a sustainable and comprehensive development model for humanity that can be systematically categorised as the means as well as the ideal outcome of achieving Maqasid (objectives) of Shari'ah (Islamic law). As a rule-based religion, Islam's prescription for development goes well beyond market regulations and includes rules necessary to maintain a dignified life; in order that the faithful can maximise their intellectual capacity, preserve and promote their health and education, and have equal opportunity for employment and partnership in the economic and social development of society, and unhampered by practices of fraud, cheating, corruption, or property abuse, among other...

  • economic_development_islamic_finance_cover.jpg.jpg
  • Book


  • Authors: Iqbal, Zamir; Mirakhor, Abbas (2013)

  • Islamic finance has been practiced in some form since the inception of Islam, its practice in modern financial markets became recognized only in the 1980s, and began to represent a meaningful share of global financial activity only around the beginning of this century. In recent years, significant interest in Islamic finance has emerged in the world's leading conventional financial centers, including London, New York, and Hong Kong, and Western investors are increasingly considering investment in Islamic financial products. The organizing principle of Islamic finance in an Islamic economy is transaction based on exchange, where real asset is exchanged for real asset. By focusing on tr...

  • financial_inclusion_islamic_finance_perspective_abbas.pdf.jpg
  • Journal Article


  • Authors: Iqbal, Zamir; Mirakhor, Abbas (2012)

  • Enhancing financial inclusion or access to finance can make critical contributions to the economic development. Conventional mechanisms such as micro-finance, small-medium-enterprises (SME), and micro-insurance to enhance financial inclusion have been partially successful in enhancing the access and are not without challenges. Islamic finance, based on the concept of risk-sharing offers set of financial instruments promoting risk-sharing rather than risk-transfer in the financial system. In addition, Islam advocates redistributive risk-sharing instruments such as Zakah, Sadaqat, Qard-al-hassan, etc, through which the economically more able segment of the society shares the risks facin...

  • item.jpg
  • PhD


  • Authors: Akin, Tarik (2017)

  • Wealth inequality has been a core field of research in economics in the post-Global Financial Crisis era since it is an important driver of economic/financial crises and inhibits long-term growth. Compelling evidence indicates that wealth inequality has been increasing over and above income inequality but traditional theories of inequality lack in explaining the causes of such an increase in wealth inequality. This study shows that interest-based debt contracts may be the underlying cause of wealth inequality. The study discusses that asset-based redistribution, which targets the re-distribution of wealth through re-designation of financial contracts, has pronounced advantages over an...

  • globalization_islamic_finance_convergence_prospects_challenges_cover.jpg.jpg
  • Book


  • Authors: Iqbal, Zamir; Mirakhor, Abbas; Askari, Hossein (2010)

  • This is an extremely valuable book written by three highly qualified scholars whose credentials for writing such a book are difficult to match. The timing of the book is also perfect, having come at a time when the worst financial crisis in living memory has intensified the quest for reform of the international architecture. The proposals made by the authors should go a long way in not only reforming the system but also in accelerating the move towards financial globalization and convergence of the conventional and Islamic financial systems.

  • Intermediate Islamic finance.pdf.jpg
  • Book


  • Authors: Maghrebi, Nabil; Mirakhor, Abbas; Iqbal, Zamir (2016)

  • The principal objective of this work is to foster a better understanding of the essence of Islamic finance. For perhaps the first time - economists, practitioners, regulators, and students have an in-depth guide to the advanced concepts of Islamic finance, which has deep historical roots and a promising role in rethinking economics in the future. This book articulates an authoritative analytical approach to the theory and practice of Islamic finance. Available in physical copy and ebook (Call Number: HG 187.4 M193)

  • introduction_to_islamic_economics_theory_application.pdf.jpg
  • Book


  • Authors: Askari, Hossein; Iqbal, Zamir; Mirakhor, Abbas (2015)

  • This book is a comprehensive resource and groundbreaking work that provides an overview of the organizing principles and fundamentals values of an Islamic economy. It also offer a clear explanation of how the conventional global economic system differs from an economy grounded in the fundamental principles of Islam.

  • new_issues_islamic_finance_economics_progress_challenges_cover.jpg.jpg
  • Book


  • Authors: Askari, Hossein; Iqbal, Zamir; Mirakhor, Abbas (2009)

  • This book provides a review of the main issues and challenges facing Islamic finance. The application of Islamic finance is currently limited to banking. This book starts with an overview of the factors and motives behind the development of Islamic finance. A critical review of issues facing the industry is provided followed by a detailed analysis of areas where further attention is required. The book offers some original thinking on issues pertaining to governance, institutions, public finance and economic development within an Islamic financial system.

  • risk_sharing_finance_islamic_finance_alternative_cover.jpg.jpg
  • Book


  • Authors: Askari, Hossein; Iqbal, Zamir; Krichene, Noureddine; Mirakhor, Abbas (2012)

  • In this volume, the authors make an important attempt to develop the building blocks of an Islamic financial system and elaborate on its implementation as a comprehensive system. They make a convincing case for the world to shed its reliance on debt, interest and leveraging, and revamp the global financial system to rely more heavily on equity financing, genuine asset securitization linking the payoffs of financial securities to the underlying assets. This would ensure promoting wider risk sharing and a more stable financial environment.

  • Islamic_financial_system_alternative_hossein_zamir_nourreddine_abbas.PDF.jpg
  • Industry Article


  • Authors: Askari, Hossein; Iqbal, Zamir; Krichene, Noureddine; Mirakhor, Abbas (2011)

  • Islamic finance provides financial products, which comply with Islamic law (Shariah), largerly to Muslim investors and some Islamic products have even attracted conventional investors and borrowers. Despite growing interest in Islamic finance, a full-fledged Islamic financial system has yet to be established and demonstrated as the viable financial system in even a single country ...

  • item.jpg
  • Industry Article


  • Authors: Askari, Hossein; Iqbal, Zamir; Krichene, Noureddine; Mirakhor, Abbas (2011-04-25)

  • Financial instability has been a recurrent phenomenon in contemporary economic history, affecting countries with varying intensity and resulting in massive unemployment and lost economic output. The financial crisis that broke out in August 2007 crippled the financial system of many advanced countries, and claimed as victims long-established banking and investment banking institutions that were deemed “too big too fail.” Capital markets were frozen, leading to stock market crashes worldwide, wiping out trillions of dollars in share values and in retirement investment accounts, and resulting in massive and persistent unemployment.

  • stability_islamic_finance_creating_resilient_financial_environment_secure_future_cover.jpg.jpg
  • Book


  • Authors: Askari, Hossein; Iqbal, Zamir; Krichene, Noureddine; Mirakhor, Abbas (2010)

  • The main focus is on the question of the sources of financial instability which seems inherent in the conventional system. As a core component of this focus, the book will consider episodes of turbulence and instability in a historical context recalling the occurrence of such events from mid-19th century to the present. It will present various theoretical explanations along with solutions and alternative financial systems that avoid instability provided by various scholars dating back to mid-19th century to present...

  • understanding_development_Islamic_framework_hossein_zamir_noureddine_abbas.pdf.jpg
  • Journal Article


  • Authors: Askari, Hossein; Iqbal, Zamir; Krichene, Noureddine; Mirakhor, Abbas (2014)

  • In this paper, the foundational rules governing human, economic and financial development in Islam, as understood from the Qur’ān and from the life and traditions of the Prophet Muhammad (pbuh), are summarized. These rules pave the path to development as the basis of institutional structure, which in turn, underpin the path of economic and social progress. The essential elements in the life of a Muslim—the unity of creation, freedom and freedom of choice, economic and human development, economic system and financial practice—are developed.

Browsing by Author Iqbal, Zamir

Jump to: 0-9 A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
or enter first few letters:  
Showing results 1 to 17 of 17
  • an introduction to Islamic finance_1st edition.jpg.jpg
  • Book


  • Authors: Iqbal, Zamir; Mirakhor, Abbas (2007)

  • This book explains the fundamental principles and functions of an economic, banking and financial operating under Shariah (Islamic law). Numerous tenets of Islamic - from social justice, equality, preservation of property rights, sanctity of contracts and the prohibition of riba (interest) - are discussed with relation to the economic behavior of individuals, society and state.

  • introduction_Islamic_finance_theory_practice_cover.jpg.jpg
  • Book


  • Authors: Iqbal, Zamir; Mirakhor, Abbas (2011)

  • This book explains the fundamental principles and functions of an economic, banking and financial system based on principles derived from the basic sources of Islam. Rules constituting the institutional scaffolding of such a system—property rights principles, sanctity of contracts and the requirement of faithfulness to terms and conditions of contracts, trust and trustworthiness, risk sharing, and prohibition of interest-rate based debt contracts among others—are discussed with relation to the economic behavior of individuals, society and state.

  • an_Islamic_perspectives_in_economic_development.pdf.jpg
  • Chapter in Book


  • Authors: Iqbal, Zamir; Mirakhor, Abbas (2010)

  • Islam has provided a blueprint of how a society is to be organized, and how the affairs of its members are to be conducted in accordance with its prescriptions. The system itself has not been applied in its entirety, with the exception of a brief period at the inception of Islam. Only in recent decades have Muslims become interested in society-wide implementation of Islamic teachings, with all this implies for development.

  • benchmarking_objectives_Shariah_Islamic law_index_performance_select_OIC_countries_alaabed.pdf.jpg
  • Journal Article


  • Authors: Alaabed, Alaa; Askari, Hossein; Iqbal, Zamir; Ng, Adam Boon Ka (2016)

  • Islam offers a sustainable and comprehensive development model for humanity that can be systematically categorised as the means as well as the ideal outcome of achieving Maqasid (objectives) of Shari'ah (Islamic law). As a rule-based religion, Islam's prescription for development goes well beyond market regulations and includes rules necessary to maintain a dignified life; in order that the faithful can maximise their intellectual capacity, preserve and promote their health and education, and have equal opportunity for employment and partnership in the economic and social development of society, and unhampered by practices of fraud, cheating, corruption, or property abuse, among other...

  • economic_development_islamic_finance_cover.jpg.jpg
  • Book


  • Authors: Iqbal, Zamir; Mirakhor, Abbas (2013)

  • Islamic finance has been practiced in some form since the inception of Islam, its practice in modern financial markets became recognized only in the 1980s, and began to represent a meaningful share of global financial activity only around the beginning of this century. In recent years, significant interest in Islamic finance has emerged in the world's leading conventional financial centers, including London, New York, and Hong Kong, and Western investors are increasingly considering investment in Islamic financial products. The organizing principle of Islamic finance in an Islamic economy is transaction based on exchange, where real asset is exchanged for real asset. By focusing on tr...

  • financial_inclusion_islamic_finance_perspective_abbas.pdf.jpg
  • Journal Article


  • Authors: Iqbal, Zamir; Mirakhor, Abbas (2012)

  • Enhancing financial inclusion or access to finance can make critical contributions to the economic development. Conventional mechanisms such as micro-finance, small-medium-enterprises (SME), and micro-insurance to enhance financial inclusion have been partially successful in enhancing the access and are not without challenges. Islamic finance, based on the concept of risk-sharing offers set of financial instruments promoting risk-sharing rather than risk-transfer in the financial system. In addition, Islam advocates redistributive risk-sharing instruments such as Zakah, Sadaqat, Qard-al-hassan, etc, through which the economically more able segment of the society shares the risks facin...

  • item.jpg
  • PhD


  • Authors: Akin, Tarik (2017)

  • Wealth inequality has been a core field of research in economics in the post-Global Financial Crisis era since it is an important driver of economic/financial crises and inhibits long-term growth. Compelling evidence indicates that wealth inequality has been increasing over and above income inequality but traditional theories of inequality lack in explaining the causes of such an increase in wealth inequality. This study shows that interest-based debt contracts may be the underlying cause of wealth inequality. The study discusses that asset-based redistribution, which targets the re-distribution of wealth through re-designation of financial contracts, has pronounced advantages over an...

  • globalization_islamic_finance_convergence_prospects_challenges_cover.jpg.jpg
  • Book


  • Authors: Iqbal, Zamir; Mirakhor, Abbas; Askari, Hossein (2010)

  • This is an extremely valuable book written by three highly qualified scholars whose credentials for writing such a book are difficult to match. The timing of the book is also perfect, having come at a time when the worst financial crisis in living memory has intensified the quest for reform of the international architecture. The proposals made by the authors should go a long way in not only reforming the system but also in accelerating the move towards financial globalization and convergence of the conventional and Islamic financial systems.

  • Intermediate Islamic finance.pdf.jpg
  • Book


  • Authors: Maghrebi, Nabil; Mirakhor, Abbas; Iqbal, Zamir (2016)

  • The principal objective of this work is to foster a better understanding of the essence of Islamic finance. For perhaps the first time - economists, practitioners, regulators, and students have an in-depth guide to the advanced concepts of Islamic finance, which has deep historical roots and a promising role in rethinking economics in the future. This book articulates an authoritative analytical approach to the theory and practice of Islamic finance. Available in physical copy and ebook (Call Number: HG 187.4 M193)

  • introduction_to_islamic_economics_theory_application.pdf.jpg
  • Book


  • Authors: Askari, Hossein; Iqbal, Zamir; Mirakhor, Abbas (2015)

  • This book is a comprehensive resource and groundbreaking work that provides an overview of the organizing principles and fundamentals values of an Islamic economy. It also offer a clear explanation of how the conventional global economic system differs from an economy grounded in the fundamental principles of Islam.

  • new_issues_islamic_finance_economics_progress_challenges_cover.jpg.jpg
  • Book


  • Authors: Askari, Hossein; Iqbal, Zamir; Mirakhor, Abbas (2009)

  • This book provides a review of the main issues and challenges facing Islamic finance. The application of Islamic finance is currently limited to banking. This book starts with an overview of the factors and motives behind the development of Islamic finance. A critical review of issues facing the industry is provided followed by a detailed analysis of areas where further attention is required. The book offers some original thinking on issues pertaining to governance, institutions, public finance and economic development within an Islamic financial system.

  • risk_sharing_finance_islamic_finance_alternative_cover.jpg.jpg
  • Book


  • Authors: Askari, Hossein; Iqbal, Zamir; Krichene, Noureddine; Mirakhor, Abbas (2012)

  • In this volume, the authors make an important attempt to develop the building blocks of an Islamic financial system and elaborate on its implementation as a comprehensive system. They make a convincing case for the world to shed its reliance on debt, interest and leveraging, and revamp the global financial system to rely more heavily on equity financing, genuine asset securitization linking the payoffs of financial securities to the underlying assets. This would ensure promoting wider risk sharing and a more stable financial environment.

  • Islamic_financial_system_alternative_hossein_zamir_nourreddine_abbas.PDF.jpg
  • Industry Article


  • Authors: Askari, Hossein; Iqbal, Zamir; Krichene, Noureddine; Mirakhor, Abbas (2011)

  • Islamic finance provides financial products, which comply with Islamic law (Shariah), largerly to Muslim investors and some Islamic products have even attracted conventional investors and borrowers. Despite growing interest in Islamic finance, a full-fledged Islamic financial system has yet to be established and demonstrated as the viable financial system in even a single country ...

  • item.jpg
  • Industry Article


  • Authors: Askari, Hossein; Iqbal, Zamir; Krichene, Noureddine; Mirakhor, Abbas (2011-04-25)

  • Financial instability has been a recurrent phenomenon in contemporary economic history, affecting countries with varying intensity and resulting in massive unemployment and lost economic output. The financial crisis that broke out in August 2007 crippled the financial system of many advanced countries, and claimed as victims long-established banking and investment banking institutions that were deemed “too big too fail.” Capital markets were frozen, leading to stock market crashes worldwide, wiping out trillions of dollars in share values and in retirement investment accounts, and resulting in massive and persistent unemployment.

  • stability_islamic_finance_creating_resilient_financial_environment_secure_future_cover.jpg.jpg
  • Book


  • Authors: Askari, Hossein; Iqbal, Zamir; Krichene, Noureddine; Mirakhor, Abbas (2010)

  • The main focus is on the question of the sources of financial instability which seems inherent in the conventional system. As a core component of this focus, the book will consider episodes of turbulence and instability in a historical context recalling the occurrence of such events from mid-19th century to the present. It will present various theoretical explanations along with solutions and alternative financial systems that avoid instability provided by various scholars dating back to mid-19th century to present...

  • understanding_development_Islamic_framework_hossein_zamir_noureddine_abbas.pdf.jpg
  • Journal Article


  • Authors: Askari, Hossein; Iqbal, Zamir; Krichene, Noureddine; Mirakhor, Abbas (2014)

  • In this paper, the foundational rules governing human, economic and financial development in Islam, as understood from the Qur’ān and from the life and traditions of the Prophet Muhammad (pbuh), are summarized. These rules pave the path to development as the basis of institutional structure, which in turn, underpin the path of economic and social progress. The essential elements in the life of a Muslim—the unity of creation, freedom and freedom of choice, economic and human development, economic system and financial practice—are developed.