From an Islamic perspective, although the ownership of wealth is with God, humans are gifted with wealth to manage it with the objective of benefiting the human society. Such guidance means that wealth management is a process involving the accumulation, generation, purification, preservation and distribution of wealth, all to be conducted carefully in permissible ways. This book is the first to lay out a coherent framework on how wealth management should be conducted in compliance with guiding principles from edicts of a major world religion.
The SDGs, developed by the UN in 2012, focuses on 17 goals for the betterment of humanity and humanitarian causes. Among the core objectives of Shari'ah in Islamic finance is to offer a helping hand, emphasizing the efforts and scope of the SDGs. This book explores how Islamic ethical wealth is structured to contribute to the SDGs and an overall socio-economic impact within the principles of Maqasid al-Shari’ah. Focusing areas such as Islamic micro-finance, wealth inclusion, corporate and agro-Zakat, Awqaf, SRI Sukuk, and green Sukuk, this book will feature contributions from the leading researchers in sustainability and Islamic finance and will be of interest to scholars, researchers, industrialists, NGOs, UNDP and students studying both areas.
This book, “Islamic Wealth Planning & Management: The Practice of Personal Finance” focuses on personal financial management with applications of Shariah principles that suit both students and working people for entertaining applications. It begins with introducing wealth management, explaining how wealth can be created, accumulated, mobilized, preserved and purified. This book guides readers on investing their surplus income in the stock, bond, property and commodity markets that comply with Shariah principles. It describes how important it is for readers to have personal financial planning in their retirement, estate, and inheritance. It will plans that could provide regular returns and avoid the risk of losing their pension or EPF money. It concludes how easy it is to have their set of personal finance in terms of personal assets, personal, debts and personal income as a practical way to control expenses and hence avoid becoming bankrupt at the young ages of 25-40 years.
Is your head spinning trying to figure out what all of the different investment choices are, let alone if they're halal? This book has got you covered. The author not only demystifies the plethora of options available to you, but points out which ones are Islamically permissible and which are not, along with the reasons why. If you want to learn not only how to invest, but how to do it the halal way without compromising your values, grab a copy and get reading. In just over 100 pages, you'll be armed with the tools to invest your first dollar. And if you already have a vast portfolio of investments, this book will provide guidance on Shariah-compliance. Topics covered: stocks, exchange-traded funds, mutual funds, real estate, venture capital, cryptocurrency, and more! What are you waiting for? The more time you spend contemplating, the more value your money is losing thanks to inflation. Get started now on investing the halal way!
This book addresses the theory, practices, challenges, key issues and potential future policies concerning investment and wealth management in connection with Islamic finance. There is a noted scarcity of literature on Islamic approaches towards wealth management from a jurisprudential perspective, and so this book aims to address this lacuna in available literature. It demonstrates strategies for wealth management in keeping with the Qur’an and Sunn’ah, posing questions relating to interest and investment, and proposing financial models for benefiting the poorer segments of society while simultaneously satisfying economic necessities in keeping with Islamic law. Given its breadth of scope, combining perspectives from scholars and practitioners with extensive experience in the banking and finance sector from different Islamic settings including Malaysia, Saudi Arabia, Sri Lanka, Brunei and Indonesia, this edited volume will benefit practitioners, researchers, and graduate students studying finance, economics and business management in an Islamic context.
The original versions titled “Harta Haram Muamalat Kontemporer (HHMK)” by Dr. Erwandi Tarmizi, Lc MA has been printed for up to 15 times (March 2017) that produce over than 60.000 copies. Currently this book became a reference in many Islamic studies like radios and television talk show (Indonesia and Malaysia), academia, government, financial institutions and various business communities. This book is the most comprehensive compilation of Indonesia's contemporary fiqh (Islamic Law) that regularly updated with any new business issues. This book is intended to give solutions to maaliyah problems. It provides explanations about forbidden transaction (haram) which are commonly occurred in financial and nonfinancial institutions. Case related to home loan, leasing, pawn shops, credit card, L/C, cheque, stock, bond, short selling, buy on margin, murabahah, mudharabah, loan for pilgrimage purpose, bribery and corruption. Author explores more about forbidden marketing schema such as: MLM (multi level marketing), online trading, promotion, discount, advertisement, and selling the haram products with such as: gelatine, alcohol, formalin, etc. All Those maaliyah problems are resolved scientifically based on Al Qur'an and As Sunnah in this book. Statements (fatwa) from national and international Islamic fiqh council and opinions from scholars that are relevant to the problems are also exposed in order to allow the readers to make comparison. In addition, this book offers Islamic means to make an forbidden (haram) transaction to become permissible. Finally, through chapters in this book, author of this book encourages moslems to purify their wealth from haram transaction.
The growth of Islamic finance today is significant, making it timely to meet the market demand across the world and particularly for Muslim countries by producing a cryptocurrency model under the Shari’ah ethical principles. This book addresses core components of cryptocurrency within the Maqasid al-Shari’ah in enabling students, academics, users, traders, issuers, promoters, facilitators, managers, regulators, decision makers, blockchain technology providers, financial authorities, and other relevant professionals to understand Shari’ah cryptocurrency and its practical mechanisms. Among the issues covered are corporate understanding, global phenomena and world view, the Shari’ah model, SWOT analysis, innovation, conventional practices and the Halaldichotomy, regulatory standards, blockchain and its technological paradigm, practicality, establishment, and operational mechanisms, Zakat and Waqf through cryptocurrency, risk factors, and takaful solution. This book establishes a Halal alternative model of cryptocurrency management within the Maqasid al-Shari’ah to meet the contemporary global market demand.
An intuitive and eye-opening guide to halal investing In Halal Investing for Beginners: How to Start, Grow and Scale Your Halal Investment Portfolio, a team of Oxford-educated Islamic finance gurus deliver a one-of-a-kind investing roadmap for Muslims who want to watch their savings grow while abiding by Islamic law. You’ll learn to distinguish between halal and haram investment products, get key strategies for saving on your taxes, learn to build a variety of portfolios, and more. In the book, the authors introduce and explain the wide variety of investment products available to investors who wish to restrict their financial activity to that which is consistent with Shariah law, including asset categories like equities, gold, art, start-ups, and even property. You’ll also find: Advice for every stage of life, including how to go halal for the first time, how to write an Islamic will, and how to build a halal pension Portfolio construction guidance for every risk tolerance, from high-growth to low risk Explanations of the important difference between “ethical” and “ESG” investment products and halal investments An essential resource for Muslims who seek to invest while remaining true to their faith and values, Halal Investing for Beginners is the intuitive and easy-to-follow investment tutorial that everyday Muslims have been waiting for.
This book discusses the idea that there is a specific Islamic form of entrepreneurship. Based on extensive original research amongst small and medium sized enterprises in Saudi Arabia, it shows how businesses are started and how they grow in the context of an Islamic economy and society. It argues that as specific Islamic approaches to a wide range of economic activities are being formulated and implemented, there is indeed a particular Islamic approach to entrepreneurship. Examining the relationship between Islamic values and entrepreneurial activity, the book considers whether such values can be more effectively used in order to raise the profile of Islamic entrepreneurship, and also to promote alternatives to development in the contemporary business environment. The book analyses the nature of entrepreneurship, and the special qualities of Islamic entrepreneurship, and discusses how the Islamic approach to entrepreneurship can be encouraged and developed further still
