Browsing by Topic Islamic finance

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Showing results 1 to 10 of 193
  • sustainable development from an islamic perspective_zubair.pdf.jpg
  • Chapter in Book


  • Hasan, Zubair (2007)

  • It is well to begin with the statement that there is yet no agreed definition of sustainable development. For, it is an emerging concept attempting to assimilate the dynamism of a process of change that cannot ignore local concerns, needs, and interests. Being relatively new, it evolves as we learn to grasp its wider implications for different aspects of our lives. The key question here is: what it is that we want to sustain.

  • islamic_finance_education_graduate_level_current_position_challenges_islamic_economic_studies_zubair.pdf.jpg
  • Journal Article


  • Hasan, Zubair (2008)

  • Over the past three decades, Islamic finance has been the fastest growing segment of the global financial system. Though it may be expected that education and training have kept pace with this fast growing market, this paper finds that the current state of Islamic finance education at the graduate level is in a very unsatisfactory state. Using Malaysia as an illustrative case, the paper looks at the range, sufficiency and quality of Islamic finance education. It evaluates the current state of Islamic finance education at the graduate level in the context of the overall graduate education in Malaysia and suggests policy measures to meet the future challenges of the Islamic finance education, particularly at the graduate level.

  • ottoman merchants and the jurisprudential shift hypothesis.pdf.jpg
  • Chapter in Book


  • Cizakca, Murat (2008)

  • Merchants in every civilization operate within specific institutional frameworks, which determine their relative efficiency and their transaction costs. It can be argued that a more advanced and efficient institutional framework leads to lower transaction costs and lower transaction costs, in turn, lead to higher competitiveness. Merchant privileged to operate within an institutional environment allowing lower transaction costs simply can compete better and drive their competitors, operating at higher transaction costs, out of international markets.

  • 2008_oct_20_islamic_finance_future_trends_and_challenges_with_special_refence_to_the_role_of_regulators_alhabshi.pdf.jpg
  • Academic Presentation


  • Alhabshi, Syed Othman (2008-10-20)

  • Evolution of Islamic finance in the last decade. This decade has seen the rapid evolution of Islamic Finance resulting in the dramatic transformation of the industry. From being focused on retail financing to providing an extensive spectrum of financial products and services. From being focused on Muslim community to having an extended reach that serves the non-Muslim community.

  • 2008_oct_20_an_overview_of_islamic_finance_from_a_regulator_perspective_alhabshi.pdf.jpg
  • Academic Presentation


  • Alhabshi, Syed Othman (2008-10-20)

  • The slides "An overview of Islamic finance from a regulator perspective" presented by Prof. Datuk Dr. Syed Othman Alhabshi at a Special Presentation to Board of Directors & Top Management of Qatar Financial Centre Regulatory Authority, Doha, Qatar.

  • shariah_governance_islamic_financial_institutions_wilson.pdf.jpg
  • Journal Article


  • Wilson, Rodney (2009)

  • For Islamic financial institutions to have credibility, formal procedures for Shari'ah governance are required; otherwise clients would have no assurance that the institution is upholding the principles of Islam in its financial dealings. This formal assurance can be provided by national law, as in the case of Iran, which enacted the Law on Interest-Free Banking of 1983, under which all banking operations had to be Shari'ah compliant. Malaysia passed an Islamic Banking Law the same year, but it created a dual system whereby licensed Islamic banks could compete alongside those operating conventionally. Unlike in Iran, however, Malaysia instigated a system for ongoing assurance by establishing Shari'ah Boards for the Central Bank and the Securities Commission with the power to...

  • monetary dynamics and the gold dinar.pdf.jpg
  • Chapter in Book


  • Ibrahim, Mansor H. (2009)

  • According to proponents of Gold Dinar particularly Meera and Aziz (2002), termed as Dinarists, the fiat monetary system is inherently unstable. In providing an empirical perspective on this contention, this paper investigates monetary dynamics of a Muslim economy, Malaysia. To this end, the paper adopts a vector autoregressive (VAR) framework to document dynamic interactions between money supply and various macroeconomic variables including real output, price level, interest rate and stock prices. The results seem to provide some support for the Dinarists' contention. First, the results portray clearly an important causal role of money supply for other macroeconomic variables. Second, we document some evidence that expansion in money supply is inflationary. Lastly, money supply ,int...

  • 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...

Browsing by Topic Islamic finance

Showing results 1 to 10 of 193
  • sustainable development from an islamic perspective_zubair.pdf.jpg
  • Chapter in Book


  • Hasan, Zubair (2007)

  • It is well to begin with the statement that there is yet no agreed definition of sustainable development. For, it is an emerging concept attempting to assimilate the dynamism of a process of change that cannot ignore local concerns, needs, and interests. Being relatively new, it evolves as we learn to grasp its wider implications for different aspects of our lives. The key question here is: what it is that we want to sustain.

  • islamic_finance_education_graduate_level_current_position_challenges_islamic_economic_studies_zubair.pdf.jpg
  • Journal Article


  • Hasan, Zubair (2008)

  • Over the past three decades, Islamic finance has been the fastest growing segment of the global financial system. Though it may be expected that education and training have kept pace with this fast growing market, this paper finds that the current state of Islamic finance education at the graduate level is in a very unsatisfactory state. Using Malaysia as an illustrative case, the paper looks at the range, sufficiency and quality of Islamic finance education. It evaluates the current state of Islamic finance education at the graduate level in the context of the overall graduate education in Malaysia and suggests policy measures to meet the future challenges of the Islamic finance education, particularly at the graduate level.

  • ottoman merchants and the jurisprudential shift hypothesis.pdf.jpg
  • Chapter in Book


  • Cizakca, Murat (2008)

  • Merchants in every civilization operate within specific institutional frameworks, which determine their relative efficiency and their transaction costs. It can be argued that a more advanced and efficient institutional framework leads to lower transaction costs and lower transaction costs, in turn, lead to higher competitiveness. Merchant privileged to operate within an institutional environment allowing lower transaction costs simply can compete better and drive their competitors, operating at higher transaction costs, out of international markets.

  • 2008_oct_20_islamic_finance_future_trends_and_challenges_with_special_refence_to_the_role_of_regulators_alhabshi.pdf.jpg
  • Academic Presentation


  • Alhabshi, Syed Othman (2008-10-20)

  • Evolution of Islamic finance in the last decade. This decade has seen the rapid evolution of Islamic Finance resulting in the dramatic transformation of the industry. From being focused on retail financing to providing an extensive spectrum of financial products and services. From being focused on Muslim community to having an extended reach that serves the non-Muslim community.

  • 2008_oct_20_an_overview_of_islamic_finance_from_a_regulator_perspective_alhabshi.pdf.jpg
  • Academic Presentation


  • Alhabshi, Syed Othman (2008-10-20)

  • The slides "An overview of Islamic finance from a regulator perspective" presented by Prof. Datuk Dr. Syed Othman Alhabshi at a Special Presentation to Board of Directors & Top Management of Qatar Financial Centre Regulatory Authority, Doha, Qatar.

  • shariah_governance_islamic_financial_institutions_wilson.pdf.jpg
  • Journal Article


  • Wilson, Rodney (2009)

  • For Islamic financial institutions to have credibility, formal procedures for Shari'ah governance are required; otherwise clients would have no assurance that the institution is upholding the principles of Islam in its financial dealings. This formal assurance can be provided by national law, as in the case of Iran, which enacted the Law on Interest-Free Banking of 1983, under which all banking operations had to be Shari'ah compliant. Malaysia passed an Islamic Banking Law the same year, but it created a dual system whereby licensed Islamic banks could compete alongside those operating conventionally. Unlike in Iran, however, Malaysia instigated a system for ongoing assurance by establishing Shari'ah Boards for the Central Bank and the Securities Commission with the power to...

  • monetary dynamics and the gold dinar.pdf.jpg
  • Chapter in Book


  • Ibrahim, Mansor H. (2009)

  • According to proponents of Gold Dinar particularly Meera and Aziz (2002), termed as Dinarists, the fiat monetary system is inherently unstable. In providing an empirical perspective on this contention, this paper investigates monetary dynamics of a Muslim economy, Malaysia. To this end, the paper adopts a vector autoregressive (VAR) framework to document dynamic interactions between money supply and various macroeconomic variables including real output, price level, interest rate and stock prices. The results seem to provide some support for the Dinarists' contention. First, the results portray clearly an important causal role of money supply for other macroeconomic variables. Second, we document some evidence that expansion in money supply is inflationary. Lastly, money supply ,int...

  • 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...