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…
Perkembangan keilmuan dan kemajuan ilmu pengetahuan dan teknologi pada dekade belakangan ini, di samping mendatangkan kemudahan, efektivitas, dan efisiensi pekerjaan dan urusan kemanusiaan, namun juga mendatangkan permasalahan-permasalahan baru yang sebelumnya tidak ada. Para ulama tidak boleh membiarkan umat Islam kebingungan dalam menghadapi permasalahan, apalagi membiarkan mereka terjerumus …
Kajian filsafat hukum ekonomi syariah merupakan cabang dari studi filsafat hukum Islam secara umum. Sebab itu, jika kajian filsafat hukum Islam masih bersifat umum yang memuat seluruh topik kajian hukum Islam, mulai dari ibadah, muamalah, munakahah, siyasah, hingga jinayah (hukum pidana Islam), maka kajian filsafat hukum ekonomi syariah akan berfokus pada kajian filosofis hukum-hukum yang berka…
Islamic finance’s phenomenal growth owes to the Shariah compliant nature of its financial instruments. Shariah forbids the charging of interest (Riba) and instead promulgates risk-sharing and trade-based modes of financing. The Islamic financial industry has been subject to both critique and admiration. Critics argue that Islamic instruments (bearing debt-based structures) differ from their c…
This book examines the intersection between contemporary International Commercial Arbitration and Shariʿa law in order to determine possible tensions that may arise between the two systems. It develops evidentiary and procedural rules under Shariʿa, as well as examining the consequences of stipulating qualifications of arbitrators based on gender and/or religion. The author extensively analys…
Traditionally, academic reflections on Islamic economics and finance have relied on a misleading understanding of Maqasid Al-Shari’ah. Much of the current research on the subject dogmatically adheres to the teachings of classical Islamic philosophers and does not appeal to practitioners of economics and finance who are looking for guidance on practical application rather than academic verbosi…
The diversity of interpretation within Islamic legal traditions can be challenging for those working within this field of study. Using a distinctly contextual approach, this book addresses such challenges by combining theoretical perspectives on Islamic law with insight into how local understandings impact on the application of law in Muslim daily life. Engaging with topics as diverse as Islami…
This book provides a detailed analysis of Islamic juristic writings on the topic of rape and argues that classical Islamic jurisprudence contained nuanced, substantially divergent doctrines of sexual violation as a punishable crime. The work centers on legal discourses of the first six centuries of Islam, the period during which these discourses reached their classical forms, and chronicles the…