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Showing results 1 to 10 of 989
  • A_comparison_of_transactions_in_conventional_and_Islamic_economies_Mabid.pdf.jpg
  • Academic Proceeding


  • Mahmoud Al-Jarhi, Mabid Ali Mohamed (2000)

  • This paper compares the transactions costs in two economies, one conventional, the other Islamic. The conventional economy is characterized by borrowing to finance some current purchases, while the Islamic economy disallows interest-based lending and operates on the basis of universal banking that mixes commerce and commercial and investment banking. To finance current purchases, it provides customers with credit purchase agreements, which entail that the bank buy the commodities and assets from suppliers and resell them on credit to customers satisfying conditions of creditworthiness similar to those that conventional banks require for borrowers. The paper uses simple calculations to compare transactions costs in both economies. It argues that under competitive competition, credit purc...

  • critical_assessment_of_the_waqf_law_murat.pdf.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

  • critical_assessment_of_the_waqf_law_being_prepared_by_IDB_IRTI_and_Quwait_foundation_murat.pdf.jpg
  • Academic Proceeding


  • Cizakca, Murat (2013)

  • 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...

Browsing by Title

Showing results 1 to 10 of 989
  • A_comparison_of_transactions_in_conventional_and_Islamic_economies_Mabid.pdf.jpg
  • Academic Proceeding


  • Mahmoud Al-Jarhi, Mabid Ali Mohamed (2000)

  • This paper compares the transactions costs in two economies, one conventional, the other Islamic. The conventional economy is characterized by borrowing to finance some current purchases, while the Islamic economy disallows interest-based lending and operates on the basis of universal banking that mixes commerce and commercial and investment banking. To finance current purchases, it provides customers with credit purchase agreements, which entail that the bank buy the commodities and assets from suppliers and resell them on credit to customers satisfying conditions of creditworthiness similar to those that conventional banks require for borrowers. The paper uses simple calculations to compare transactions costs in both economies. It argues that under competitive competition, credit purc...

  • critical_assessment_of_the_waqf_law_murat.pdf.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

  • critical_assessment_of_the_waqf_law_being_prepared_by_IDB_IRTI_and_Quwait_foundation_murat.pdf.jpg
  • Academic Proceeding


  • Cizakca, Murat (2013)

  • 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...