Browsing by Author Lahsasna, Ahcene

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Showing results 1 to 20 of 57
  • fiqhi_analysis_tradability_Islamic_securities_ahcene.pdf.jpg
  • Journal Article


  • Authors: Habib, Farrukh; Laldin, Mohamad Akram; Lahsasna, Ahcene (2015)

  • Secondary markets are vital for the development of Islamic capital markets (ICMs) (Aziz, 2007). They facilitate the reselling of securities among investors, thus adding liquidity to these instruments (Mishkin, 2004: 26-27). Besides this basic role, secondary markets assist in reducing average cost of capital; bringing about a rational representation of the pricing of securities in primary as well as secondary markets; facilitating the exchange of investment risks; evaluating the performance of private and public sector, and mitigating information asymmetry (Ahmed, 1995; Al-Eshkar, 1995; El-Gari, 1993; Mishkin, 2004). However, secondary market trading of Islamic securities involves va...

  • mini_guide_Islamic_contracts_financial_services_cover.jpg.jpg
  • Book


  • Authors: Lahsasna, Ahcene (2012)

  • The fundamental of Islamic finance industry is where its operations need to comply with syari’ah principles. There is an underlying shari’ah-complaint contract for every product offered by financial institutions. Islamic banking today is dealing with a lot of contracts in daily transactions with regard to the financing, deposit and investment products. A contract can be regarded as the root of an Islamic business as it determines the components of a business transaction ... Available in physical copy only (Call Number: BP 158.7 L184)

  • item.jpg
  • PhD


  • Authors: Lugman Hashim, Nik Sarina (2013)

  • This research will look at the reasons for the civil courts being the preferred mode of dispute resolution for Islamic finance disputes in Malaysia and how arbitration, based on the shari'ah can play an active role to resolve disputes in Islamic finance cases. Various features of arbitration in general and Islamic arbitration in particular will be looked into, followed by a study of the arbitration rules under two arbitration centres to find the common themes of these centres and the differences in their approach, if any ... Available in physical copy only (Call Number: t HG 3368 A6 N692)

  • Applications in Shariah financial planning.pdf.jpg
  • Book


  • Authors: Lahsasna, Ahcene (2016)

  • The internationalization of Islamic finance in Europe and other parts of the world spurns us to believe that our Shariah Registered Financial Planner (Shariah RFP) programme is relevant to meet market demands. In Malaysia, Islamic finance is growing exponentially. This new Shariah RFP text module features fully updated information to reflect the current changes in the market sphere. First written by industry leading practitioners in 2008, the work has been further enhanced to correctly reflect the exponential changes Islamic finance has undergone over the recent years as the industry has seen the introduction of many new Islamic financial products in the market place.

  • PhD_Beneficial_ownership_and_its_application_in_Islamic_finance_Nik_Abdul_Rahim.pdf.jpg
  • PhD


  • Authors: Nik Abdul Ghani, Nik Abdul Rahim (2017)

  • Beneficial ownership is applied in the modern Islamic financial contracts such as financing and sukuk structure, especially in countries where common law is dominant. It has been recognized by some scholars and rejected by others. In this regard, the concept of beneficial ownership in Shari'ah should be analysed to develop a clear interpretation of the concept of beneficial ownership from the Shari'ah perspective. The purpose of this study is to examine the meaning of beneficial ownership in Common Law system and its recognition from the Shari'ah point of view ... Available in physical copy and downloadable format (Call Number: t BP 158.7 Q1 N692)

  • beneficial_ownership_what_extent_complies_shariah_rahim_yusuf_ahcene.pdf.jpg
  • Journal Article


  • Authors: Nik Abdul Ghani, Nik Abdul Rahim; Saleem, Muhammad Yusuf; Lahsasna, Ahcene (2015)

  • This paper is a preliminary research on studying the application of beneficial ownership in Islamic financial products. It aims at investigating the meaning of beneficial ownership and its recognition in the Shari'ah perspective. This paper starts with identifying the meaning of milkiyyah (ownership) and its characteristics in the Islamic law and followed by the discussion on beneficial ownership from legal perspective. The study emphasizes on the historical and theoretical aspects of beneficial ownership. It then critically elucidates the meaning of beneficial ownership and its use in commercial transaction as to ascertain whether its use is in compliance with the requirements of own...

  • item.jpg
  • Master


  • Authors: Furniturewala, Faizan Shakeel (2016)

  • Islamic microfinance provides an alternative model for a significant number of underprivileged people who are not served by conventional microfinance. In order to give access to sustainable services to a greater extent, the Islamic microfinance is in paramount need of the adoption of innovative business models and sound practices into the industry. To this end, the research seeks to provide theoretical basis, operational framework, and empirical support for the establishment of Islamic microfinance institutions ... Available in physical copy only (Call Number: t BP 170.25 F989)

  • derivatives_Islamic_finance_need_mechanism_ available_aun_shaista_ahcene.pdf.jpg
  • Journal Article


  • Authors: Rizvi, Syed Aun Raza; Arshad, Shaista; Lahsasna, Ahcene (2014)

  • The research is an attempt to have an overview of the need for derivatives and their possible role in Islamic finance, stressing on the Shariah qualification and prohibitions on the controversial conventional derivative products. This research focuses on the derivative products and their role in risk management measures. Islamic financial industry has shown tremendous growth over the past decade but the management of risk is still an unresolved issue in the trillion-dollar Shariah-compliant industry. This paper attempts at having a continuous elaboration on the derivatives from a conventional perspective and closest alternatives that are available in Islamic finance. The findings sugg...

  • exploring_family_takafuls_evolving_landscape_ezamshah_lahsasna_july_2010.pdf.jpg
  • Industry Article


  • Authors: Lahsasna, Ahcene; Ismail, Ezamshah (2010-07-01)

  • As the appetite for family takaful grows, its underwriting principles and conventions are facing closer scrutiny. Mr Ezamshah Ismail and Dr Ahcene Lahsasna, both council members of the Shariah Advisory Council of the RGA Global Reinsurance Co Ltd Labuan Branch Retakaful Window, examine family takaful’s strengths, and how it can serve its core market while continuing to evolve to serve a broader constituency.

  • fatwa_shariah_methodology_Islamic_finance_ahcene.pdf.jpg
  • Journal Article


  • Authors: Lahsasna, Ahcene (2011)

  • Fatwa plays a very significant role in Shariah by providing different resolutions and solutions to the Muslim community when it is needed to ensure the compliance with principles of Shariah and commends of God. It should be understood that fatwa is not confined to particular section in Islamic law but it covers the entire sections and subsection of Islamic law including business, finance and trade. Today, fatwa takes a different shape in Islamic finance; it is introduced and presented in the industry in the form of resolutions issued by Shariah board members who represent Shariah corporate governance body in the structure of the Islamic financial institutions. The resolution is furthe...

  • PhD_financial_crimes_Shariah_perspective_Mohd_Emil.pdf.jpg
  • PhD


  • Authors: Md Noor, Mohd Emil Azril Bahari (2016)

  • This dissertation examines financial crimes from a Shari'ah perspective by looking at the specific offences of illegal deposit taking and criminal breach of trust in Malaysia. The underlying principles of criminal law in Islam is espoused to give rise to the nomenclature of financial crimes within the Shari'ah by exposing elements of criminal activities that are acted in the realm of finance. The elements of offences for Illegal Deposit Taking and Criminal Breach of Trust are examined through statutes and case laws and compared to the elements of crime available in the Shari'ah ... Available in physical copy and downloadable format (Call Number: t HV 6699 M697)

  • PhD_fiqhi_analysis_tradability_Islamic_securities_based_Farrukh_Habib.pdf.jpg
  • PhD


  • Authors: Habib, Farrukh (2016)

  • Due to the fact that Islamic financial securities may consist of ribawi (cash and debt) underlying assets, it is crucially important to discern whether or not the trading of these securities is subject to the Shari'ah rules for bay? al-sarf and bay? al-dayn. If they do not then what criterion is pertinent to their secondary trading; and on what jurisprudential basis? In answer to that question, the current scholarly views and suggested Shari'ah criteria for tradability of Islamic securities are not only diverse, but also at times incongruous with one another. Based on the qualitative approach of text analysis and semi-structured-interviews, this study critically analyse this issue ......

  • fundamentals_shariah_financial_planning_cover.jpg.jpg
  • Book


  • Authors: Lahsasna, Ahcene (2016)

  • The internationalization of Islamic finance in Europe and other parts of the world spurns us to believe that our Shariah Registered Financial Planner (Shariah RFP) programme is relevant to meet market demands. In Malaysia, Islamic finance is growing exponentially. This new Shariah RFP text module features fully updated information to reflect the current changes in the market sphere. First written by industry leading practitioners in 2008, the work has been further enhanced to correctly reflect the exponential changes Islamic finance has undergone over the recent years as the industry has seen the introduction of many new Islamic financial products in the market place. Available in ...

  • hotel_investment_financing_call_shariah_consideration_new_methodology_assessment_screening_ahcene.pdf.jpg
  • Journal Article


  • Authors: Lahsasna, Ahcene (2015)

  • It investigates the nature of the hotel business from the Islamic law perspective and its importance in the Malaysian economy. It argues that exclusion of hotel business from Islamic investment and financing activities through Shari'ah screening methodology may be inappropriate. Hence, it recommends that the Shari'ah Advisory Council (SAC) of Securities Commission Malaysia reconsider the assessment and screening process for hotel business in the light of arguments put forward in the research in favour of its Shari'ah compliance.

  • incentive_compatible_sukuk_musharakah_private_sector_funding_ahcene_obiyathulla.pdf.jpg
  • Journal Article


  • Authors: Diaw, Abdou; Bacha, Obiyathulla Ismath; Lahsasna, Ahcene (2012)

  • Despite the huge potential on both the demand and supply sides of the sukuk market, the current sukukstructures fall short of adequately meeting the market’s needs as the Shari'ah compliance of many of them and/or their economic efficiency are questionable. Even though partnership-based sukuk are claimed to reflect the true spirit of Islamic finance, their underuse as a financing instrument is a notable fact. Such a situation, if not addressed, will impede the development of the sukuk market in the future. This paper proposes an innovative sukuk musharakah model for consideration by companies and revenue generating infrastructure projects. The model has an incentive-compatible feature...

  • introduction_fatwa_shariah_supervision_governance _islamic_finance_cover.png.jpg
  • Book


  • Authors: Lahsasna, Ahcene (2010)

  • This book aims to provide a sound foundation of knowledge in fatwa and Shari'ah governance in Islamic finance. This foundation is coupled with very important aspects of Islamic jurisprudence, legal maxims, and Islamic law of contracts. The book is trying to achieve the following objectives: 1. to provide a clear understanding of the concept of fatwa and Shari'ah governance pertaining to business and finance. 2. to give an overview on the major issues pertaining to fatwa and Shari'ah governance. 3. to understand the process of fatwa and its Shari'ah framework in Islamic finance.

Browsing by Author Lahsasna, Ahcene

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 20 of 57
  • fiqhi_analysis_tradability_Islamic_securities_ahcene.pdf.jpg
  • Journal Article


  • Authors: Habib, Farrukh; Laldin, Mohamad Akram; Lahsasna, Ahcene (2015)

  • Secondary markets are vital for the development of Islamic capital markets (ICMs) (Aziz, 2007). They facilitate the reselling of securities among investors, thus adding liquidity to these instruments (Mishkin, 2004: 26-27). Besides this basic role, secondary markets assist in reducing average cost of capital; bringing about a rational representation of the pricing of securities in primary as well as secondary markets; facilitating the exchange of investment risks; evaluating the performance of private and public sector, and mitigating information asymmetry (Ahmed, 1995; Al-Eshkar, 1995; El-Gari, 1993; Mishkin, 2004). However, secondary market trading of Islamic securities involves va...

  • mini_guide_Islamic_contracts_financial_services_cover.jpg.jpg
  • Book


  • Authors: Lahsasna, Ahcene (2012)

  • The fundamental of Islamic finance industry is where its operations need to comply with syari’ah principles. There is an underlying shari’ah-complaint contract for every product offered by financial institutions. Islamic banking today is dealing with a lot of contracts in daily transactions with regard to the financing, deposit and investment products. A contract can be regarded as the root of an Islamic business as it determines the components of a business transaction ... Available in physical copy only (Call Number: BP 158.7 L184)

  • item.jpg
  • PhD


  • Authors: Lugman Hashim, Nik Sarina (2013)

  • This research will look at the reasons for the civil courts being the preferred mode of dispute resolution for Islamic finance disputes in Malaysia and how arbitration, based on the shari'ah can play an active role to resolve disputes in Islamic finance cases. Various features of arbitration in general and Islamic arbitration in particular will be looked into, followed by a study of the arbitration rules under two arbitration centres to find the common themes of these centres and the differences in their approach, if any ... Available in physical copy only (Call Number: t HG 3368 A6 N692)

  • Applications in Shariah financial planning.pdf.jpg
  • Book


  • Authors: Lahsasna, Ahcene (2016)

  • The internationalization of Islamic finance in Europe and other parts of the world spurns us to believe that our Shariah Registered Financial Planner (Shariah RFP) programme is relevant to meet market demands. In Malaysia, Islamic finance is growing exponentially. This new Shariah RFP text module features fully updated information to reflect the current changes in the market sphere. First written by industry leading practitioners in 2008, the work has been further enhanced to correctly reflect the exponential changes Islamic finance has undergone over the recent years as the industry has seen the introduction of many new Islamic financial products in the market place.

  • PhD_Beneficial_ownership_and_its_application_in_Islamic_finance_Nik_Abdul_Rahim.pdf.jpg
  • PhD


  • Authors: Nik Abdul Ghani, Nik Abdul Rahim (2017)

  • Beneficial ownership is applied in the modern Islamic financial contracts such as financing and sukuk structure, especially in countries where common law is dominant. It has been recognized by some scholars and rejected by others. In this regard, the concept of beneficial ownership in Shari'ah should be analysed to develop a clear interpretation of the concept of beneficial ownership from the Shari'ah perspective. The purpose of this study is to examine the meaning of beneficial ownership in Common Law system and its recognition from the Shari'ah point of view ... Available in physical copy and downloadable format (Call Number: t BP 158.7 Q1 N692)

  • beneficial_ownership_what_extent_complies_shariah_rahim_yusuf_ahcene.pdf.jpg
  • Journal Article


  • Authors: Nik Abdul Ghani, Nik Abdul Rahim; Saleem, Muhammad Yusuf; Lahsasna, Ahcene (2015)

  • This paper is a preliminary research on studying the application of beneficial ownership in Islamic financial products. It aims at investigating the meaning of beneficial ownership and its recognition in the Shari'ah perspective. This paper starts with identifying the meaning of milkiyyah (ownership) and its characteristics in the Islamic law and followed by the discussion on beneficial ownership from legal perspective. The study emphasizes on the historical and theoretical aspects of beneficial ownership. It then critically elucidates the meaning of beneficial ownership and its use in commercial transaction as to ascertain whether its use is in compliance with the requirements of own...

  • item.jpg
  • Master


  • Authors: Furniturewala, Faizan Shakeel (2016)

  • Islamic microfinance provides an alternative model for a significant number of underprivileged people who are not served by conventional microfinance. In order to give access to sustainable services to a greater extent, the Islamic microfinance is in paramount need of the adoption of innovative business models and sound practices into the industry. To this end, the research seeks to provide theoretical basis, operational framework, and empirical support for the establishment of Islamic microfinance institutions ... Available in physical copy only (Call Number: t BP 170.25 F989)

  • derivatives_Islamic_finance_need_mechanism_ available_aun_shaista_ahcene.pdf.jpg
  • Journal Article


  • Authors: Rizvi, Syed Aun Raza; Arshad, Shaista; Lahsasna, Ahcene (2014)

  • The research is an attempt to have an overview of the need for derivatives and their possible role in Islamic finance, stressing on the Shariah qualification and prohibitions on the controversial conventional derivative products. This research focuses on the derivative products and their role in risk management measures. Islamic financial industry has shown tremendous growth over the past decade but the management of risk is still an unresolved issue in the trillion-dollar Shariah-compliant industry. This paper attempts at having a continuous elaboration on the derivatives from a conventional perspective and closest alternatives that are available in Islamic finance. The findings sugg...

  • exploring_family_takafuls_evolving_landscape_ezamshah_lahsasna_july_2010.pdf.jpg
  • Industry Article


  • Authors: Lahsasna, Ahcene; Ismail, Ezamshah (2010-07-01)

  • As the appetite for family takaful grows, its underwriting principles and conventions are facing closer scrutiny. Mr Ezamshah Ismail and Dr Ahcene Lahsasna, both council members of the Shariah Advisory Council of the RGA Global Reinsurance Co Ltd Labuan Branch Retakaful Window, examine family takaful’s strengths, and how it can serve its core market while continuing to evolve to serve a broader constituency.

  • fatwa_shariah_methodology_Islamic_finance_ahcene.pdf.jpg
  • Journal Article


  • Authors: Lahsasna, Ahcene (2011)

  • Fatwa plays a very significant role in Shariah by providing different resolutions and solutions to the Muslim community when it is needed to ensure the compliance with principles of Shariah and commends of God. It should be understood that fatwa is not confined to particular section in Islamic law but it covers the entire sections and subsection of Islamic law including business, finance and trade. Today, fatwa takes a different shape in Islamic finance; it is introduced and presented in the industry in the form of resolutions issued by Shariah board members who represent Shariah corporate governance body in the structure of the Islamic financial institutions. The resolution is furthe...

  • PhD_financial_crimes_Shariah_perspective_Mohd_Emil.pdf.jpg
  • PhD


  • Authors: Md Noor, Mohd Emil Azril Bahari (2016)

  • This dissertation examines financial crimes from a Shari'ah perspective by looking at the specific offences of illegal deposit taking and criminal breach of trust in Malaysia. The underlying principles of criminal law in Islam is espoused to give rise to the nomenclature of financial crimes within the Shari'ah by exposing elements of criminal activities that are acted in the realm of finance. The elements of offences for Illegal Deposit Taking and Criminal Breach of Trust are examined through statutes and case laws and compared to the elements of crime available in the Shari'ah ... Available in physical copy and downloadable format (Call Number: t HV 6699 M697)

  • PhD_fiqhi_analysis_tradability_Islamic_securities_based_Farrukh_Habib.pdf.jpg
  • PhD


  • Authors: Habib, Farrukh (2016)

  • Due to the fact that Islamic financial securities may consist of ribawi (cash and debt) underlying assets, it is crucially important to discern whether or not the trading of these securities is subject to the Shari'ah rules for bay? al-sarf and bay? al-dayn. If they do not then what criterion is pertinent to their secondary trading; and on what jurisprudential basis? In answer to that question, the current scholarly views and suggested Shari'ah criteria for tradability of Islamic securities are not only diverse, but also at times incongruous with one another. Based on the qualitative approach of text analysis and semi-structured-interviews, this study critically analyse this issue ......

  • fundamentals_shariah_financial_planning_cover.jpg.jpg
  • Book


  • Authors: Lahsasna, Ahcene (2016)

  • The internationalization of Islamic finance in Europe and other parts of the world spurns us to believe that our Shariah Registered Financial Planner (Shariah RFP) programme is relevant to meet market demands. In Malaysia, Islamic finance is growing exponentially. This new Shariah RFP text module features fully updated information to reflect the current changes in the market sphere. First written by industry leading practitioners in 2008, the work has been further enhanced to correctly reflect the exponential changes Islamic finance has undergone over the recent years as the industry has seen the introduction of many new Islamic financial products in the market place. Available in ...

  • hotel_investment_financing_call_shariah_consideration_new_methodology_assessment_screening_ahcene.pdf.jpg
  • Journal Article


  • Authors: Lahsasna, Ahcene (2015)

  • It investigates the nature of the hotel business from the Islamic law perspective and its importance in the Malaysian economy. It argues that exclusion of hotel business from Islamic investment and financing activities through Shari'ah screening methodology may be inappropriate. Hence, it recommends that the Shari'ah Advisory Council (SAC) of Securities Commission Malaysia reconsider the assessment and screening process for hotel business in the light of arguments put forward in the research in favour of its Shari'ah compliance.

  • incentive_compatible_sukuk_musharakah_private_sector_funding_ahcene_obiyathulla.pdf.jpg
  • Journal Article


  • Authors: Diaw, Abdou; Bacha, Obiyathulla Ismath; Lahsasna, Ahcene (2012)

  • Despite the huge potential on both the demand and supply sides of the sukuk market, the current sukukstructures fall short of adequately meeting the market’s needs as the Shari'ah compliance of many of them and/or their economic efficiency are questionable. Even though partnership-based sukuk are claimed to reflect the true spirit of Islamic finance, their underuse as a financing instrument is a notable fact. Such a situation, if not addressed, will impede the development of the sukuk market in the future. This paper proposes an innovative sukuk musharakah model for consideration by companies and revenue generating infrastructure projects. The model has an incentive-compatible feature...

  • introduction_fatwa_shariah_supervision_governance _islamic_finance_cover.png.jpg
  • Book


  • Authors: Lahsasna, Ahcene (2010)

  • This book aims to provide a sound foundation of knowledge in fatwa and Shari'ah governance in Islamic finance. This foundation is coupled with very important aspects of Islamic jurisprudence, legal maxims, and Islamic law of contracts. The book is trying to achieve the following objectives: 1. to provide a clear understanding of the concept of fatwa and Shari'ah governance pertaining to business and finance. 2. to give an overview on the major issues pertaining to fatwa and Shari'ah governance. 3. to understand the process of fatwa and its Shari'ah framework in Islamic finance.