Muhammad ayub understanding islamic finance phần 8 ppsx

... in 388 Understanding Islamic Finance The Shar ¯ ı´ah board’s report should also include a clear statement that all earnings that have been realized from sources or by means prohibited by Islamic ... heterogeneous, e.g. gold for silver or Pound for Dollar. 12 Council of the Islamic Fiqh Academy, 2000, pp. 61–66. 380 Understanding Islamic Finance reimbursed for any payments, i...

Ngày tải lên: 09/08/2014, 16:21

... tools. Likewise, Islamic banks holding 5 The procedure of deposit management on the basis of Shirkah has been described in Chapter 8, Section 8. 5.2. 424 Understanding Islamic Finance to that, ... scheme. Hence, an Islamic alternative to insurance was urgently required to fill the gap in Islamic finance. In many cases it is a legal requirement that assets underlying Islamic b...

Ngày tải lên: 09/08/2014, 16:21

... Hassan, 1993, p. 95. 10 Al-Marghinani, 1957, p. 282 . 11 Ibn Qudama, 1367 AH, p. 187 . 12 Al-Kulayni, 12 78 AH, p. 197. 200 Understanding Islamic Finance financial market would be free of interest ... 114, 116, 1 28; clauses 2/2/1 to 2/2/5 and 2/5. 42 Usmani, 2000a, p. 106; for principal’s ownership during agency, see Zuhayli, 2003, p. 674. 196 Understanding Islamic Finance theor...

Ngày tải lên: 14/08/2014, 05:20

... working capital finance, trade finance, consumer finance and project finance to public and private sector entities through individual or syndicate arrangements. 3 78 Understanding Islamic Finance The ... guidelines provided by the Shar ¯ ı´ah supervisory board. 384 Understanding Islamic Finance 14.5 ISLAMIC BANKS’ RELATIONSHIP WITH CONVENTIONAL BANKS Islamic banks repr...

Ngày tải lên: 14/08/2014, 05:20

... time value of money; therefore, they argue that either Islamic 2 See Maududi, 1 982 –1991, 1, pp. 382 , 383 (4: 92). 422 Understanding Islamic Finance 16.3.1 Main Objective of the Takaful System The ... banking are of the view that Islamic banks have deviated to a great extent from their philosophical basis and that the concept of Islamic 412 Understanding Islamic Finance Th...

Ngày tải lên: 14/08/2014, 05:20

... Instruments 205 8. 8.5 Inter-bank Funds Market 205 8. 8.6 Islamic Forward Markets 206 8. 8.7 Foreign Exchange Market in the Islamic Framework 209 8. 8 .8 Derivatives and Islamic Finance 209 8. 9 Summary ... be Contents xi 8. 8 Islamic Financial Markets and Instruments 199 8. 8.1 Islamic Funds 201 8. 8.2 Principles Relating to Stocks 203 8. 8.3 Investment Sukuk as Islami...

Ngày tải lên: 09/08/2014, 16:21

... Qur’ ¯ an by Ali, 1 989 , p. 115. 13 Ahmad, 1995. For a rejoinder to this paper, see Journal of Islamic Banking and Finance, Karachi, January–March, 1996, pp. 7–34. 36 Understanding Islamic Finance 4. The ... and “toss” sales. 38 34 Al-Ayny, n.d. 35 Al-Dhareer, 1997, p. 10; cf Ibn Abideen, n.d., iv/147. 36 Ibn Hazn, 1 988 , 8, pp. 343, 389 , 439. 37 Al-Dhareer, 1997, pp. 10, 11....

Ngày tải lên: 09/08/2014, 16:21

... price of all units in the market is 2 For details, see Rahim, 19 58, pp. 261, 325. 3 Usmani, 1994, pp. 26– 28. 1 28 Understanding Islamic Finance consideration and the seller’s ability to deliver. A ... unit. 20 Already discussed in detail in Chapter 3. Also see Saleh, 1 986 . 21 Usmani, 2000a, p. 86 . 84 Understanding Islamic Finance The Holy Qur’ ¯ an enjoins us to write dow...

Ngày tải lên: 09/08/2014, 16:21

... Jaziri, 1973, 2, pp. 259–269; 3, pp. 290–305. 80 Muslim, 1 981 , with Sharah by Nawavi, 10, pp. 2 28, 277. 81 Muslim, 1 981 , 11,p.23. 182 Understanding Islamic Finance used for managing their cash flow. ... so he 81 Ibn Qudama, 1367 AH, 4, pp. 174–177. 82 See Nawavi in his annotation of Sahih Muslim, 1 981 , 6,p.21. 83 Rosly and Sanusi, 1999. 84 Al Baraka, 1997, p. 1 28....

Ngày tải lên: 09/08/2014, 16:21

... Vogel and Hayes, 19 98, pp. 156–164, 220–232, 281 , 282 . 28 Buffet, 2003. 226 Understanding Islamic Finance The above structure involves the following stages/steps: pre-promise understanding; promise ... charge III. Agriculture, forestry and fisheries Production finance for input and pesticides Murabaha, Salam 2 28 Understanding Islamic Finance Agency Stage An agency agre...

Ngày tải lên: 09/08/2014, 16:21