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  1. SUKUK HISTORICAL DEVELOPMENT AND OUTLOOK (ISRA-TR REPORT 2017)

    Published on 2016 by Redha Al Ansari

    Sukuk is widely acknowledged as the poster child of the Islamic finance industry. Its universal appeal for all types of corporate issuers, the strong captive demand base from Islamic financial institutions and high-profile issuances of non-Muslim sovereigns have catapulted sukuk into…


  2. CONCEPTS EMPLOYED IN THE ISLAMIC CAPITAL MARKET: AN OVERVIEW (ISRA-TR REPORT 2017)

    Published on 2016 by Youness Soualhi

    The Islamic capital market has employed a number of Sha- riah concepts to structure products deemed innovative and robust. In order to meet the objective of fund allocation from surplus units to de cit units, Shariah scholars have had to…


  3. MAJOR PROHIBITIONS IN THE ISLAMIC CAPITAL MARKET (ISRA-TR REPORT 2017)

    Published on 2016 by Said Bouheraoua

    The establishment of permissibility (ibahah) as a basic principle in Islamic law of transactions is an important reflection of the fundamental approach to Islamic transactions; that is, to promote creativity and nurture innovation. The small spectrum of prohibitions prescribed by…


  4. HIGHER OBJECTIVES (MAQASID AL-SHARIAH) IN THE ISLAMIC CAPITAL MARKET (ISRA-TR REPORT 2017)

    Published on 2016 by Hafas Furqani, Mohamad Akram Laldin

    The Islamic capital market (ICM), like its conventional counterpart, is an important component of the overall Islamic financial system. It facilitates the transfer of investible funds from economic agents with financial surpluses to those requiring funds. In its operations, the…


  5. (SRD 2016) Islamic Social Finance : Based on GW-ACT Experience

    Published on 2016 by N. Imam Akbari

    6th ISRA-IRTI-Durham University Strategic Roundtable Discussion, (2016)


  6. Comprehensive Guidance on Riba; Now or Later

    Published on 2016 by Hamzah Kamaruzaman, Suhaimi Mohd Yusof, Nur Muhammad, Nurul Khairunissa Esman

    1)    Introduction Banks, as intermediaries in the financial system, play an important role with three main functions. Firstly, banks provide a safe place for people to deposit their savings. Without banks, people would have to store and protect their savings…


  7. PRINCIPLES OF PREDOMINANCE (GHALABAH) AND SUBORDINACY (TAB’IYYAH): A HIGHLIGHT OF SHARIAH ISSUES IN THE TRADING OF “BLENDED” SUKUK (ISRA-TR Report 2016)

    Published on 2016 by Marjan Muhammad

    With the advent of various Shariah- compliant capital market instruments including sukuk, shares and unit trusts — collectively known as financial papers — to match the demand for funds of deficit units with the need for investment opportunities of surplus…


  8. ISLAMIC INSURANCE: A COOPERATIVE MODEL (ISRA-TR Report 2016)

    Published on 2016 by Abu Umar Faruq Ahmad

    Takaful is an alternative term used for ‘Islamic insurance’. It is aimed at social help and solidarity to mitigate the impact of losses. The takaful concept is aimed at eliminating riba (paying or receiving interest through exchanging money for money…


  9. THE CONCEPT OF BENEFICIAL OWNERSHIP: HIGHLIGHTS ON SHARIAH ISSUES IN ITS APPLICATION IN ISLAMIC FINANCE (ISRA-TR Report 2016)

    Published on 2016 by Said Adekunle Mikail

    T he concept of beneficial ownership has long been established in Anglo-American common law through the development of trust law aiming at distinguishing beneficial ownership from legal ownership. Unlike the common law, civil law does not have provisions for trust…


  10. THE CODIFICATION OF RESOLUTIONS OF FIQH ACADEMIES AND STANDARDSETTING ORGANIZATIONS (ISRA-TR Report 2016)

    Published on 2016 by Abdul Sattar Abu Ghuddah

    An issue that was recently raised asks whether the resolutions of fiqh academies and international bodies that issue Shariah standards should be codified and made binding. This has occurred in the context of the development of governance principles for Islamic…


  11. SHARIAH STANDARDS: FROM CONCEPT TO CONDUCT (ISRA-TR Report 2016)

    Published on 2016 by Basheer Ahmed

    F inancial institutions and issuers which offer, or wish to offer, Shariah-compliant financial products and services will generally need to obtain the opinion of Shariah scholars. The importance of standardization of Shariah opinions cannot be overstated. Leaders and experts around…


  12. التَّأصيل الفقهي لحقِّ الانتفاع العقاري بعوض والاستعاضة به عن بيع الأعيان العقارية في الصُّكوك السِّيادية (ISSF 2016) SLIDES

    Published on 2016 by أسيد الكيلاني


 

 

 


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