Financial Instruments And Cash Waqf

Author : Ahmed Tahiri-Jouti
Publisher : Springer Nature
ISBN 13 : 3031043375
Total Pages : 242 pages
Book Rating : 4.76/5 ( download)

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Download or read book Financial Instruments and Cash Waqf written by Ahmed Tahiri-Jouti and published by Springer Nature. This book was released on 2022-05-07 with total page 242 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book, organized in three parts, offers a guide to constructing financial instruments based on cash waqf in alignment with the Sustainable Development Goals. The first part discusses the alignment between the Shari'ah economic objectives and the SDGs, the Islamic social finance concept, its instruments and institutions and the intersection between Islamic finance and Islamic social finance. The second part presents a product structure that is based on cash waqf and is targeting the SDGs specifically. Some of these product structures involve zakat collection. The third part of the book presents the methodology to gather all these product structures in a national cash waqf ecosystem that is targeting SDGs. The aim of this ecosystem is to increase the impact of the various initiatives and instruments. In addition to this, the third part of the book presents the concept of Waqf offshore centers and the methodology to conceive and implement them. The aim of these Waqf offshore centers is to connect national cash waqf ecosystems and individuals with investment opportunities bringing more impact. This book will be of interest to academics, researchers, and practitioners of not only Islamic finance but sustainable finance.

Author : Magda Ismail Abdel Mohsin
Publisher :
ISBN 13 : 9789833927968
Total Pages : 116 pages
Book Rating : 4.63/5 ( download)

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Download or read book Cash Waqf written by Magda Ismail Abdel Mohsin and published by . This book was released on 2009 with total page 116 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Tanim Laila
Publisher :
ISBN 13 :
Total Pages : 1 pages
Book Rating : 4.95/5 ( download)

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Download or read book Waqf-Based Islamic Philanthropic Instruments for Micro-Funding of Micro-Finance written by Tanim Laila and published by . This book was released on 2011 with total page 1 pages. Available in PDF, EPUB and Kindle. Book excerpt: Islamic Finance is based on the philosophy of social justice by sharing risk and rewards. It prohibits interest payments, short-selling and contracts considered excessively risky. Islamic finance is based on Shariah, or Islamic law. It requires that gains be derived from ethical and socially responsible investments and discourages interest-based banking and investments in sectors like pork, gambling and pornography and other immoral activities. Investments in long term projects considered to benefit society are held in high regard.Islamic microfinance which is a part of Islamic Finance blends well with the goal of microfinance as both Islamic finance and traditional micro-finance institutions are aimed at achieving economic justice. Islamic microfinance contributes toward uplifting the poor with funding based on profit and loss sharing instead of the high-interest bearing credits offered by traditional microfinance institutions. It has the potential to address the ultra-poor who lack collateral owing to its profit-loss sharing mechanism. This paper shall explore an area of Islamic Finance that deals with one of the two major sectors of Islamic endowments, zakat and waqf. It will elaborate the concept of implementing specialized financial instruments, Cash Waqf to deal with the long mismanaged charitable fund of waqf. It will discuss opportunities for enhancing participation, provide efficient and improved management of endowments, ensure selective investments to maximize the socio-economic benefit and most importantly invest the scattered funds in a productive usage as opposed to current practice of consumerism through the mechanism of micro funding of Islamic microfinance institutions.

Author : Khalifa Mohamed Ali
Publisher : Palgrave Macmillan
ISBN 13 : 9783030184476
Total Pages : 313 pages
Book Rating : 4.71/5 ( download)

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Download or read book Revitalization of Waqf for Socio-Economic Development, Volume I written by Khalifa Mohamed Ali and published by Palgrave Macmillan. This book was released on 2020-08-14 with total page 313 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores the various aspects of Waqf management in IsDB member countries/jurisdictions as well as in non-Muslim majority countries. Topics covered include Waqf regulation, its modernization and relationship to Maqasid Al-Shari’ah; performance of Waqf activities; time and activity-wise distribution of Waqf resource management; the antecedents and consequences of Waqf assets (both physical and cash); the strategies and models to promote Waqf-related activities for greater socio-economic development; good governance practices through the formulation of informed policies for Waqf projects; the confluence of Waqf, zakah, charity, and Islamic microfinance impacting socio-economic development and so on. Comprising different issues and perspectives adopted by various authors/researchers, the book is specifically designed to meet the needs of academics and industry practitioners in the field of Islamic finance to provide general and Shari’ah guidelines on the emerging issues within the subject.

Author : Salina H. Kassim
Publisher :
ISBN 13 : 9781799868118
Total Pages : 444 pages
Book Rating : 4.17/5 ( download)

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Download or read book Islamic Social Finance and Economic Recovery After a Global Health Crisis written by Salina H. Kassim and published by . This book was released on 2021-03-09 with total page 444 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This book provides ideas to its readers about the approaches pertaining to Islamic social finance tools such as "zakat, sadaqah, waqf, Qardh al-hasan, green Sukuk, Financial literacy, kafala and Takaful", practical implementations, challenges and issues", change management and other related aspects required for community development and poverty alleviation"--

Author : Toseef Azid
Publisher : Emerald Group Publishing
ISBN 13 : 1800437889
Total Pages : 275 pages
Book Rating : 4.83/5 ( download)

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Download or read book Monetary Policy, Islamic Finance, and Islamic Corporate Governance written by Toseef Azid and published by Emerald Group Publishing. This book was released on 2021-06-16 with total page 275 pages. Available in PDF, EPUB and Kindle. Book excerpt: Monetary Policy, Islamic Finance, and Islamic Corporate Governance: An International overview explores the interrelationships between corporate governance from the perspective of shari’ah, banking industry and monetary policy and is a must-read for students and professionals.

Author : A Joint Initiative of BI, BWI & IRTI-IsDB
Publisher : A Joint Initiative of BI, BWI & IRTI-IsDB
ISBN 13 :
Total Pages : 75 pages
Book Rating : 4./5 ( download)

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Download or read book CORE PRINCIPLES FOR EFFECTIVE WAQF OPERATION AND SUPERVISION written by A Joint Initiative of BI, BWI & IRTI-IsDB and published by A Joint Initiative of BI, BWI & IRTI-IsDB. This book was released on 2019-07-29 with total page 75 pages. Available in PDF, EPUB and Kindle. Book excerpt: Background 1. In the Arabic language, the word waqf or habs means preventing something from movement. In Shari’ah terminology, waqf refers to making a property invulnerable to disposition that leads to a transfer of ownership, and donating the usufruct, or the fruit of the asset, to beneficiaries. Waqf is permissible in Shari’ah, as has been emphasized by the Sunnah (Prophetic traditions) and Ijma’ (consensus of Fuqaha). Waqf is also a binding commitment; therefore, the declaring of a property as waqf would simultaneously deprive its donating owner of the right of ownership.1 2. There are several types of waqf, the most important being charitable waqf (al-waqf al-khayri), family waqf (al-waqf al-ahli), joint waqf (al-waqf al-mushtarak), and self-dedicated waqf (al-waqf’ala al-nafs). The basic elements of waqf include: the form of the donation, the waqif (the donor), the beneficiary, and the donated property. Waqf is permissible in the form of real estate along with permanent furniture and fittings, movable assets, money, shariah compliant shares and sukuk. Regulators and Supervisors will observe all of the regulations, including Shari’ah-related regulation, to ensure the compliance of all related parties. 3. The core principles of waqf, as part of Islamic finance, embrace the principle of altruism, which promotes or maximizes the benefits to others, inclusively for all humans and living beings. The principles emphasize the importance of maintaining or keeping public confidence high since the system is fully dependent upon the public’s propensity to donate. 4. A well-organized waqf system supported by information technology and compatible with other programs can be expected to serve as an additional vehicle of fund mobilization to support and significantly contribute to government economic development programs, particularly to programs for poverty reduction and comprehensive human development. 5. The institution of waqf has evolved over time and across different regions. Most regions have legal systems that reflect a traditional concern for preservation as captured in the three principles of perpetuity (assets/purpose), inalienability, and irreversibility. Contemporary scholars take a lenient view and permit temporary awqaf as well as reversibility under certain conditions. This waqf core principles duly acknowledges that there are different school of thoughts related to the law and the implementation of awqaf. The Waqf Core Principles (WCP) have thus been structured around certain basic building blocks focusing on “benevolence” and “mutual benefit” while also seeking to harmonize alternative viewpoints. Technical Considerations 6. The Waqf Core Principles (WCP) provide a clear positioning of the awqaf sector within the economic structure, especially in terms of providing direct socio-economic benefits (utilization of the corpus of awqaf in the form of fixed or non-fixed assets) and the contribution of low-cost financing from the returns on investment of the corpus of awqaf. 7. The Waqf Core Principles (WCP) provide clear and standardized systematics on the supporting elements of the worldwide-applicable waqf system. This waqf core principles is also positioned so as to ensure compatibility with, and the mutual recognition of, other financial sector prudential standards, as well as the latest regulatory standards that promote governance aspects. 8. The Waqf Core Principles (WCP) place the operational standards and supervision of the waqf sector at the same prudential level as that of other financial sectors. Operational standards are prepared to consider the risk-adjusted measures based on managed asset classes and the optimization of benefits for the community. 9. The Waqf Core Principles (WCP) dissect the elements of supervision related to the operationalization of the waqf system into a systematic arrangement structure as follows: a. Legal foundation; b. Waqf supervision; c. Good waqf governance; d. Risk management; e. Shari’ah governance. 10. This is the main reference document for the generation of various technical notes that cover specific technical aspects of waqf arrangement. 11. This is the main reference document for measuring the performance of waqf management while accommodating the technical and operational issues that different jurisdictions may involve. 12. This waqf core principles allows scope for the commingling of endowment funds with other philanthropy-driven funds while underlining the following: a. divine motivation; and b. the restriction of a portfolio only to halal businesses; c. the underlying physical asset. 13. The core principles underscore the importance of financial technology applications in waqf management.

Author : Khalifa Mohamed Ali
Publisher : Springer
ISBN 13 : 3030184455
Total Pages : 313 pages
Book Rating : 4.52/5 ( download)

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Download or read book Revitalization of Waqf for Socio-Economic Development, Volume I written by Khalifa Mohamed Ali and published by Springer. This book was released on 2019-07-15 with total page 313 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores the various aspects of Waqf management in IsDB member countries/jurisdictions as well as in non-Muslim majority countries. Topics covered include Waqf regulation, its modernization and relationship to Maqasid Al-Shari’ah; performance of Waqf activities; time and activity-wise distribution of Waqf resource management; the antecedents and consequences of Waqf assets (both physical and cash); the strategies and models to promote Waqf-related activities for greater socio-economic development; good governance practices through the formulation of informed policies for Waqf projects; the confluence of Waqf, zakah, charity, and Islamic microfinance impacting socio-economic development and so on. Comprising different issues and perspectives adopted by various authors/researchers, the book is specifically designed to meet the needs of academics and industry practitioners in the field of Islamic finance to provide general and Shari’ah guidelines on the emerging issues within the subject.

Author : Murat Çizakça
Publisher : Edward Elgar Publishing
ISBN 13 : 0857931482
Total Pages : 361 pages
Book Rating : 4.81/5 ( download)

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Download or read book Islamic Capitalism and Finance written by Murat Çizakça and published by Edward Elgar Publishing. This book was released on 2011-01-01 with total page 361 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'It was a humbling experience to read the product of such a remarkable feat of scholarship. It is all at once an exploration in analytic history and a complete text of Islamic finance theory and application. It is also one of the most succinct renditions of the evolution of Islamic finance embedded in a comprehensive account of the particularities of economies as diverse as Malaysia and Turkey. This is a unique contribution to Islamic finance and Islamic economic history. It has been a rewarding learning experience. It is truly a breathtaking effort.' – Abbas Mirakhor, former IMF Executive Director and the recipient of the Islamic Development Bank Prize in Islamic Economics (2003) This illuminating and thought-provoking book questions whether classical Islamic capitalism, which has served Muslims so well for centuries, can provide a viable alternative world economic system. In the current recession – the worst since 1929 – this is surely a provocative question. But if Islamic capitalism is to emerge as a viable alternative, its nature and systems must be well understood. Murat Çizakça explores key issues within Islamic capitalism and finance, shedding light on whether the Islamic system can indeed be called 'capitalist', the principles on which the system was built, the institutions that were consequently developed, how they function and have evolved, and, perhaps, most importantly, whether they can be modernized to meet today's needs. Against the backdrop of rapid change in the Middle East, this book gives a solid background to the economic systems that will emerge in the world of Islam. An essential guide to the past, present and future of Islamic economy and finance, this compelling book will prove to be of particular interest to academics and researchers of economics, finance, economic and financial history and political science.

Author : Nadia Mansour
Publisher : Springer Nature
ISBN 13 : 3031278607
Total Pages : 549 pages
Book Rating : 4.00/5 ( download)

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Download or read book Islamic Sustainable Finance, Law and Innovation written by Nadia Mansour and published by Springer Nature. This book was released on 2023-07-26 with total page 549 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume discusses the role and characteristics of Islamic finance and how it can contribute to a sustainable financial system. Islamic finance is not only for the 1.5 billion Muslims. Several countries are interested in it because it has interesting characteristics in terms of transparency and banking regulation. Although the origins of Islamic finance date back several centuries, its resurgence is relatively recent. From its modern beginnings in Egypt and Malaysia, Islamic finance is now a growing sector and its recent performance contrasts with that of conventional banks. Rapid growth and innovation are transforming the sector, driving economic development in an increasing number of jurisdictions, while also increasing the number of new opportunities and challenges. Today, with the problem of climate change and its adverse effects on the whole world, the flexibility of Islamic finance concerning the operations available to those who wish to finance the development of infrastructure, makes this area crucial for sustainable finance.