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Showing results 1 to 10 of 914
  • item.jpg
  • Chapter in Book


  • Cizakca, Murat (2014)

  • There is a huge need in the Islamic world to revitalize the waqf system. The currently dilapidated state of waqfs in most countries should actually be considered as an opportunity to design a thorough reform taking into consideration not only the classical Islamic waqf law but also the latest practices and norms in the west. It is to be hoped that such a synthesis of the classical Islamic and modern western practices and norms in conformity with the Shariah will lead to an ideal waqf law that can be of vital importance for the restoration of this institution

  • fiqhi_analysis_tradability_Islamic_securities_ahcene.pdf.jpg
  • Journal Article


  • 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 various issues. One of the greatest concerns is the lack of standardization, or at least harmonization, of...

  • item.jpg
  • Blog Post


  • Vicary Abdullah, Daud (2015-09-14)

  • Blog post by INCEIF PCEO Mr. Daud Vicary Abdullah on “A hive of activity“.

  • mini_guide_Islamic_contracts_financial_services_cover.jpg.jpg
  • Book


  • 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
  • Blog Post


  • Vicary Abdullah, Daud (2015-09-07)

  • Blog post by INCEIF PCEO Mr. Daud Vicary Abdullah on “A new dawn for responsible finance?“.

  • proposed_framework_human_capital_development_islamic_financial_services_industry_natt_etal.pdf.jpg
  • Journal Article


  • Natt, Agil; Alhabshi, Syed Othman; Zainal, Mohd-Pisal (2009)

  • This paper discusses the challenges in measuring the gaps and developing human capital to cater for the booming of Islamic financial services industry. While the need for highly trained manpower in the Islamic financial services industry is well-acknowledged, the root of the problem is primarily due to skills mismatch within the Islamic finance industry. This paper proposes a holistic approach to human capital development as the fundamental solution to the skills mismatch within the financial services industry, Islamic and conventional alike. The significant contribution of this paper lies in the competency model which is universal in nature. Programmes run by institutions such as INCEIF, IIUM, IIU Islamabad, IRTI are complementing each other in producing well-balanced and competent man...

  • risk_sharing_banking_model_obiyathulla_abbas.pdf.jpg
  • Academic Presentation


  • Bacha, Obiyathulla Ismath; Mirakhor, Abbas (2015)

  • Islamic banking has thus far mimicked conventional banking with the result that the same problems and outcomes have surfaced, even though it is operating within an interest free framework. This apparent "convergence" has led to disaffection both among consumers of Islamic banking services and policy makers. This paper proposes a risk sharing model for Islamic banks that can potentially pull Islamic banking away from this path dependency. Under the proposal an Islamic bank's assets would be securitized by the issuance of sukuk type instruments that have the same underlying contract and average "duration" as customer financing. Small assets may have to be pooled into tranches of similar maturity before being securitized. Medium and larger assets would have papers i...

  • rolling_regression_analysis_international_transmission_inflation_malaysia_mansor.pdf.jpg
  • Journal Article


  • Ibrahim, Mansor H. (2009)

  • The paper assesses the transmission of foreign inflationary disturbances for Malaysia. Using quarterly data from 1971 to 2003, we form a four-variable vector error correction model (VECM) consisting of domestic prices, US prices, Ringgit exchange rate and relative interest rate. Apart from the full-sample analysis, recursive and rolling regressions are adopted to examine potential changes in infl ation transmission from the US to Malaysia. As a basis for inferences, we rely on the speed of adjustments estimates as well as the significance of lagged fi rst-differenced terms of the VECM. The results unequivocally suggest significant spillover of US infl ationary disturbances to Malaysia in the short run regardless of the estimation periods. However, the speed of adjustment estimates for d...

  • absolution_ibra_discretion_regulations_yusuf saleem.pdf.jpg
  • Journal Article


  • Saleem, Muhammad Yusuf (2016)

  • The paper is a critical examination of the recent judicial and regulatory developments in Malaysia which saw the transition of absolution (ibra') from a discretionary power of the creditor to a mandatory rebate governed by the Central Bank's regulations. It compares and contrasts the Malaysian Regulations on ibra' with the resolutions issued by the Council of the Islamic Fiqh Academy and offers a critical evaluation of juristic opinions on ibra' and da' wata'jjal. The jurisprudential methods of analogy (qiyas) and juristic preference (istihsan) are employed to examine the application of ibra' to long-term home financing contracts. The paper argues that claiming full credit price upon termination of contract due to early settlement or default is not fair to th...

  • item.jpg
  • Book


  • Mohamed Ibrahim, Shahul Hameed (2009)

  • This book covers accounting for murabaha, bay' bi al-thaman al-ajil, mudarabah, musharakah, ijarah, salam, istisna', zakah, sukuk and other investments. This book is not only prescriptive but also critical of current practice, which should challenge students to critically think of improving this new discipline. Available in physical copy only (Call Number: HF 5616 I74 S525)

Browsing by Title

Showing results 1 to 10 of 914
  • item.jpg
  • Chapter in Book


  • Cizakca, Murat (2014)

  • There is a huge need in the Islamic world to revitalize the waqf system. The currently dilapidated state of waqfs in most countries should actually be considered as an opportunity to design a thorough reform taking into consideration not only the classical Islamic waqf law but also the latest practices and norms in the west. It is to be hoped that such a synthesis of the classical Islamic and modern western practices and norms in conformity with the Shariah will lead to an ideal waqf law that can be of vital importance for the restoration of this institution

  • fiqhi_analysis_tradability_Islamic_securities_ahcene.pdf.jpg
  • Journal Article


  • 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 various issues. One of the greatest concerns is the lack of standardization, or at least harmonization, of...

  • item.jpg
  • Blog Post


  • Vicary Abdullah, Daud (2015-09-14)

  • Blog post by INCEIF PCEO Mr. Daud Vicary Abdullah on “A hive of activity“.

  • mini_guide_Islamic_contracts_financial_services_cover.jpg.jpg
  • Book


  • 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
  • Blog Post


  • Vicary Abdullah, Daud (2015-09-07)

  • Blog post by INCEIF PCEO Mr. Daud Vicary Abdullah on “A new dawn for responsible finance?“.

  • proposed_framework_human_capital_development_islamic_financial_services_industry_natt_etal.pdf.jpg
  • Journal Article


  • Natt, Agil; Alhabshi, Syed Othman; Zainal, Mohd-Pisal (2009)

  • This paper discusses the challenges in measuring the gaps and developing human capital to cater for the booming of Islamic financial services industry. While the need for highly trained manpower in the Islamic financial services industry is well-acknowledged, the root of the problem is primarily due to skills mismatch within the Islamic finance industry. This paper proposes a holistic approach to human capital development as the fundamental solution to the skills mismatch within the financial services industry, Islamic and conventional alike. The significant contribution of this paper lies in the competency model which is universal in nature. Programmes run by institutions such as INCEIF, IIUM, IIU Islamabad, IRTI are complementing each other in producing well-balanced and competent man...

  • risk_sharing_banking_model_obiyathulla_abbas.pdf.jpg
  • Academic Presentation


  • Bacha, Obiyathulla Ismath; Mirakhor, Abbas (2015)

  • Islamic banking has thus far mimicked conventional banking with the result that the same problems and outcomes have surfaced, even though it is operating within an interest free framework. This apparent "convergence" has led to disaffection both among consumers of Islamic banking services and policy makers. This paper proposes a risk sharing model for Islamic banks that can potentially pull Islamic banking away from this path dependency. Under the proposal an Islamic bank's assets would be securitized by the issuance of sukuk type instruments that have the same underlying contract and average "duration" as customer financing. Small assets may have to be pooled into tranches of similar maturity before being securitized. Medium and larger assets would have papers i...

  • rolling_regression_analysis_international_transmission_inflation_malaysia_mansor.pdf.jpg
  • Journal Article


  • Ibrahim, Mansor H. (2009)

  • The paper assesses the transmission of foreign inflationary disturbances for Malaysia. Using quarterly data from 1971 to 2003, we form a four-variable vector error correction model (VECM) consisting of domestic prices, US prices, Ringgit exchange rate and relative interest rate. Apart from the full-sample analysis, recursive and rolling regressions are adopted to examine potential changes in infl ation transmission from the US to Malaysia. As a basis for inferences, we rely on the speed of adjustments estimates as well as the significance of lagged fi rst-differenced terms of the VECM. The results unequivocally suggest significant spillover of US infl ationary disturbances to Malaysia in the short run regardless of the estimation periods. However, the speed of adjustment estimates for d...

  • absolution_ibra_discretion_regulations_yusuf saleem.pdf.jpg
  • Journal Article


  • Saleem, Muhammad Yusuf (2016)

  • The paper is a critical examination of the recent judicial and regulatory developments in Malaysia which saw the transition of absolution (ibra') from a discretionary power of the creditor to a mandatory rebate governed by the Central Bank's regulations. It compares and contrasts the Malaysian Regulations on ibra' with the resolutions issued by the Council of the Islamic Fiqh Academy and offers a critical evaluation of juristic opinions on ibra' and da' wata'jjal. The jurisprudential methods of analogy (qiyas) and juristic preference (istihsan) are employed to examine the application of ibra' to long-term home financing contracts. The paper argues that claiming full credit price upon termination of contract due to early settlement or default is not fair to th...

  • item.jpg
  • Book


  • Mohamed Ibrahim, Shahul Hameed (2009)

  • This book covers accounting for murabaha, bay' bi al-thaman al-ajil, mudarabah, musharakah, ijarah, salam, istisna', zakah, sukuk and other investments. This book is not only prescriptive but also critical of current practice, which should challenge students to critically think of improving this new discipline. Available in physical copy only (Call Number: HF 5616 I74 S525)