Islamic Economic Institutions In Indonesia: Are They Successful In Achieving The Maqasad-al-shari'ah
Islamic Economic Institutions In Indonesia: Are They Successful In Achieving The Maqasad-al-shari'ah

Author: Toseef Azid

Publisher: World Scientific

Published: 2023-04-10

Total Pages: 265

ISBN-13: 9811272700

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Islamic institutions have had a very long history, whose performance was muted during the Colonial Period. However, after the Second World War, the revival of the Islamic institutions began. Throughout its history, it had been assumed that these institutions are working for the betterment of humanity. Their target is to achieve a high level of the welfare for the concerned community. Historically these institutions were waqf, zakat and sadaqat. However from the last three decades, Islamic financial institutions have been established with the objective of providing interest- free products, transaction and services for Muslims. However there has been lot of criticism on the performance and role of these institutions. This becomes especially pertinent in a Muslim country like Indonesia, where there is a dire need to know that how these institutions are working and if it is possible for them to achieve the objectives of the Shari'ah. Some scholars have claimed that these institutions are performative and only serving 'lip service', and there are no significant differences between the Islamic and secular institutions where both kinds of institutions operate on the same foundations and differ only in use of technical terminologies. This volume aims to analyze some of the Islamic institutions which are operating in the world's biggest Muslim country, Indonesia, as a case study and analyze the contemporary Islamic Banking products and practices in the light of 'Maqasad al-Shari'ah'. The book's objective is to propose an improved system of Islamic institutions for Muslims to refer to. This volume will also analyze why these institutions are currently not able to comply with the Maqasad al Shari'ah and how it is possible to enhance the level of economic development, social wellbeing, individual freedom and equality, elimination of injustice and poverty, and achieve the other targets of the Maqasad through these institutions.

Islamic Economic Institutions in Indonesia
Islamic Economic Institutions in Indonesia

Author: Toseef Azid

Publisher:

Published: 2023

Total Pages: 0

ISBN-13: 9789811272691

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"Islamic institutions have had a very long history, whose performance was muted during the Colonial Period. However, after the Second World War, the revival of the Islamic institutions began. Throughout its history, it had been assumed that these institutions are working for the betterment of humanity. Their target is to achieve a high level of the welfare for the concerned community. Historically these institutions were waqf, zakat and sadaqat. However from the last three decades, Islamic financial institutions have been established with the objective of providing interest- free products, transaction and services for Muslims. However there has been lot of criticism on the performance and role of these institutions. This becomes especially pertinent in a Muslim country like Indonesia, where there is a dire need to know that how these institutions are working and if it is possible for them to achieve the objectives of the Shari'ah. Some scholars have claimed that these institutions are performative and only serving 'lip service', and there are no significant differences between the Islamic and secular institutions where both kinds of institutions operate on the same foundations and differ only in use of technical terminologies. This volume aims to analyze some of the Islamic institutions which are operating in the world's biggest Muslim country, Indonesia, as a case study and analyze the contemporary Islamic Banking products and practices in the light of 'Maqasad al-Shari'ah'. The book's objective is to propose an improved system of Islamic institutions for Muslims to refer to. This volume will also analyze why these institutions are currently not able to comply with the Maqasad al Shari'ah and how it is possible to enhance the level of economic development, social wellbeing, individual freedom and equality, elimination of injustice and poverty, and achieve the other targets of the Maqasad through these institutions"--

Economic Development and Islamic Finance
Economic Development and Islamic Finance

Author: Zamir Iqbal

Publisher: World Bank Publications

Published: 2013-08-05

Total Pages: 376

ISBN-13: 0821399535

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Although Islamic finance is one of the fastest growing segments of emerging global financial markets, its concepts are not fully exploited especially in the areas of economic development, inclusion, access to finance, and public policy. This volume is to improve understanding of the perspective of Islamic finance on economic development, social and economic justice, human welfare, and economic growth.

Public Finance in Islam
Public Finance in Islam

Author: International Monetary Fund

Publisher: International Monetary Fund

Published: 1989-09-06

Total Pages: 58

ISBN-13: 1451960980

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The paper analyzes the bearing of Islamic teachings on the conduct of fiscal policy. It is shown that Islamic teachings do not prescribe any rigid system of public finance. The major emphasis is on the state’s responsibility to assure at least a basic minimum standard of living for all citizens. The paper deals with issues related to evolution of fiscal policies best suited to achieve this and other Islamic socio-economic objectives in the specific framework of Islamic teachings. The implications of such a system for growth, monetary stability, resource allocation, and pattern of income distribution are also examined.

Research in Corporate and Shari'ah Governance in the Muslim World
Research in Corporate and Shari'ah Governance in the Muslim World

Author: Toseef Azid

Publisher: Emerald Group Publishing

Published: 2019-05-20

Total Pages: 368

ISBN-13: 1789730090

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Research in Corporate and Shari'ah Governance in the Muslim World: Theory and Practice aims to address a critical disciplinary gap between Islamic theory and the practice of the corporate sector in the Muslim World. Adopting a critical approach, the book sheds light on the impact of corporate governance on the economies of the Muslim world.

Islam and the Economic Challenge
Islam and the Economic Challenge

Author: M. Umer Chapra

Publisher: International Institute of Islamic Thought (IIIT)

Published: 1992

Total Pages: 91

ISBN-13: 0860372170

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What kind of economic policy package do Islamic teachings imply? This book seeks to answer this and other related questions.

Product Development in Islamic Banks
Product Development in Islamic Banks

Author: Habib Ahmed

Publisher: Edinburgh University Press

Published: 2011-01-27

Total Pages: 178

ISBN-13: 0748687467

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This book systematically studies the process of developing Islamic financial products for banks.

Finance Reconsidered
Finance Reconsidered

Author: Bernard Paranque

Publisher: Emerald Group Publishing

Published: 2016-09-06

Total Pages: 441

ISBN-13: 1785609793

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This volume argues the need for a radical break with the methodological individualism that dominates economics, management and finance, asking 'How should we (re)define the concept of value?' and serving as a stepping stone for the rethinking of academic finance.