Abu Umar Faruq Ahmad

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Publication

  Title Category / Type
1

Perception about Islamic Banking in Bangladesh [Journal of Islamic Business and Management (JIBM)]

Islāmic banking is growing at double digit rate annually. Bangladesh is the third largest Islamic country in the world in terms of Muslim population. The Islamic finance industry is growing in Bangladesh as well as its challenges and critiques. It…

Articles
2

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

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…

Articles
3

Retakaful: Risk Sharing vs. Risk Transfer An Examination from the Shari'ah Perspective

Retakāful, which can be apparently explained as ‘takāful for takāful companies’, is in fact takāful for ‘risk pools’ managed by the takāful companies. It is one of the risk management tools used by takāful operators and is a genuine need…

Research Paper
4

ARE THE SUKUK DIFFERENT FROM CONVENTIONAL BONDS?

Global Islamic Economic Magazine
5

The Search for an Alternative to the Practice of Tabarru` in Takaful Business Models

ISRA Bloomberg Bulletin Fatwa in Islamic Finance
6

Exploring the Model of Musharakah Taʿawuniyyah in Takaful

Tabarruʿ (unilateral gratuitous contribution), which technically refers to giving favour to the recipient without any specific consideration in return, is the basic concept that distinguishes takāful from Sharīʿah non-compliant insurance. It implies payment of a contribution or donation in order…

Research Paper
7

Sukuk – An Apprasal of Shari'ah Related Issues and the Way Forward - August 2014 - Fatwa in Islamic Finance

ISRA Bloomberg Bulletin Fatwa in Islamic Finance
8

Blazing the Trail: The Institutional Framework for Dispute Resolution in Malaysia’s Islamic Finance Industry

This study examines the institutional framework for dispute resolution in the Islamic finance industry in Malaysia and explores the feasibility of alternative dispute resolution mechanisms for resolving Islamic finance disputes.

Journal (English)
9

Shari'ah Parameters Of Musharakah Mutanaqisah In Islamic Finance: The Experience Of Australian Institutions Offering Islamic Financial Services

The paper’s purpose is threefold: (1) probing what makes Islamic financing so important for the largest Muslim minority in a highly diversified multicultural Australia, (2) realising musharakah mutanaqisah (MM) as the real alternative for interest-based conventional finance and (3) evaluating…

Journal (English)