Islamic Capital Markets: A Comparative Approach (2nd Edition) looks at the similarities and differences between Islamic capital markets and conventional capital markets. The book explains each topic from both the conventional and the Islamic perspective, offering a full understanding of Islamic capital markets, processes, and instruments. In addition to a full explanation of Islamic products, t…
After the fall of President Soeharto, there have been heightened attempts by certain groups of muslims to have shari'a (islamic law) implemented by the state. Even though this burning issue is not new, it has further divided Indonesia Muslims. The introduction of islamic law would also affect the future of multi-cultural and multi-religious Indonesia. So far, however, the introduction of shari'…
Shariah governance assumes the primary instrument through which Islamic Banking Institutions (IBIs) ensure the Islamicity of their products, services, operations, and internal environments. It is considered to be one the fundamental elements that differentiates IBIs from their traditional counterparts. Shariah Governance in Islamic Banking Institutionsprovides a critical overview of the key …
Sharia-compliance is the raison d’etre of Islamic banks. All of their instruments and activities should be based on sharia principles, which unfortunately exposes them to greater risks than their conventional counterparts, regulated under the dual banking system in Indonesia. These include inconsistencies between fatwas, unique reputational risks, and inefficiencies in the regulatory framewor…
This book places context at the core of the Islamic mechanism of iftā’ to better understand the process of issuing fatwās in Muslim and non-Muslim countries, thus highlighting the connection between context and contemporaneity, on one hand, and the adaptable perception of Islamic law, on the other. The practice of iftā’ is one of the most important mechanisms of Islamic law that keeps…
This book provides an authoritative and comprehensive overview of Waqf (endowment), addressing specific issues, models, solutions, structures and practices. As Islamic finance has gained in significance, so too has the institution of Waqf, working towards creating an enterprising and an entrepreneurial community across the globe, in order to meet the underlying objectives of the sustainable dev…
Perkembangan Ekonomi dan Bisnis Syariah cukup signifikan di Indonesia, ini ditandai dengan lahirnya beberapa regulasi tentang ekonomi dan bisnis syariah, baik dalam bentuk peraturan per undang – undangan, Peraturan Menteri Keuangan, Peraturan Bank Indonesia, Peratutan Otoritas Jasa Keuangan, ,Peraturan Mahkamah Agung dan Fatwa Dewan Syariah Nasional. Selain itu, berkembang pula secara signifi…