Islamic Finance Introduction
From HodHood
Contents
Top 20 FREQUENT WORDS
islamic 28 riba 11 acceptable 9 finance 9 concept 7 based 6 insurance 6 islamically 6 sharia 6 western 6 arrangement 5 business 5 financial 5 permitted 5 religious 5 asset 4 bonds 4 http 4 oversight 4 return 4
DOCUMENT KEY POINTS
- a c development languished under impact of colonialism and huge western fir miss a c revival began in s
- history of islamic finance a c not new a years of development
- islamic finance today a c although not fully developed for modern business islamic finance has become a widely used and flexible tool in international finance
- a c devout muslims have been locked out of many individual financial vehicles
- religious ethical legal a c in the west religion ethics legal only loosely overlap
- a fiqh collection of interpretations rulings precepts based on the quran and sunnah
- religious ethical legal a individual saying are referred to as hadith
- a issues a fatwa a ruling as to whether a particular undertaking is in accordance with islamic principles
- religious oversight a c oversight begins with the sharia board a a committee of muslim scholars
- religious oversight a c conflicting fatawa a several schools of thought resulting in sometimes inconsistent fatawa
- a malaysia tends to be more liberal western than the middle east
- a c since money has no intrinsic value there should be no charge interest for its use
- concept of riba a c probably best known and greatest practical difference from western finance
- concept of riba a c important riba is interest on money only a c riba does not preclude a rate of return on investment
- a c islamic finance is sometimes said to be asset based instead of currency based
- the bank buys the house and sells it to you on a deferred payment schedule
- concept of riba a c an example is a home mortgage a western bank gives you money
- a note that the payments might be the same for all four alternatives and the rate of return to the bank might be exactly the same a but in the islamic transactions the rate of return is based on an asset transaction not based on interest on money loaned
- concept of riba a islamic an ijara arrangement a the bank buys the house and leases it to you on a redeemable lease
- is it just playing with words a c to western thought process near identical financial impact says yes
- a c an overarching concept is that the purpose of sharia a is not to set forth religious prohibitions
- a c emphasis is on finding mutually acceptable and islamically compatible solutions to mutual business needs
- rather it is intended to avoid injustice and civil discord caused by one party the lender becoming unfairly enriched at the expense of another party the borrower
- is it just playing with words a c instead the purpose of sharia a is to assist in removing obstacles to a happier life and reducing discord
- a c subject of a contract must exist must be specifiable and measureable
- concept of gharar a c defined as preventable ambiguity or uncertainty
- forbidden activities a c activities that are considered harmful to society a alcohol
- a pork production
- a example investing in the common stock of leveraged firms is permitted but the amount of leverage permitted is limited and that portion of investor return must be purified
- a c attitude is how can we make this happen lets do business
- islamic financial services a c we have seen that a mortgages can be islamically acceptable
- a c are islamic financial services available a c what about stocks bonds and insurance
- a c a list of institutions is attached a c article in bibliography islamic finance in the united states a small but growing industry chicago fed letter
- but not as well developed a c mortgages have the blessing and encouragement of the u
- addresses for islamic mortgage web resources a c shape financial a a c bbc case study a http news
- uk hi business
- equity investing a c acceptable if the firm does not engage in prohibited practices mentioned above
- a c listing of firms providing islamic investments in bibliography
- http mdsidx index
- cfm event showislamic
- a c a series of payments arising from an asset based transaction may be traded at a market price a c this type of arrangement is referred to as sukuk sometimes called islamic bonds
- sukuk a islamic bonds a c conventional bonds are riba and are forbidden
- asp page productid
- http default
- a c it is quite acceptable however to form a mutual group for self help and risk avoidance
- takaful islamic insurance a c principle of gharar or avoidance of risk uncertainty gambling
- takaful islamic insurance a c resolution of the problem is that the mutual form of insurance can be made islamically acceptable
- a c stock insurance companies are not acceptable
- conclusion a c islamic finance is not just for muslims a c already a sizeable but underserved market both domestic and international
- a c opportunity to do well while doing good
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DOCUMENT WORD ANALYSIS
Main Category
- AlHuda Material\islamic banking
KeyWords
islamic banks banking financial finance investment conventional institutions funds risk financing deposits assets services management international countries equity profit products
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DOCUMENT REFERENCES
Number of Pages
31
Published Date
2016-09-17 00:26:47
