Mohamad Akram Laldin

Islamic Legal Maxims & Their Application in Islamic Finance (2nd Edition, 2020)

All praise is for Allah, and may Allah bless our master, Prophet Muhammad, and bestow peace upon him and upon his family and Companions and whoever follows his guidance. By the grace of Allah, ISRA was able to publish Islamic…

ISSF Special Issue 2019

التجربة الماليزية في إصدار الصّكوك الإسلامية

التجربة الماليزية في إصدار الصّكوك الإسلامية د. فارس جعفري وأ.د محمد أكرم لال الدين المستخلص تعد ماليزيا من الدول الرائدة في إصدار الصكوك الإسلامية حسب تقرير السوق المالية الإسلامية الدولية " IIFM " لسنة 2018 م، حيث بلغ الحجم ا…

Islamic Financial Services Act (IFSA) 2013 and the Shariah-compliance requirement of the Islamic finance industry in Malaysia

Purpose This paper aims to observe the development of the Shariah governance framework (SGF) and practice in Islamic financial institutions (IFIs) in Malaysia. Design/methodology/approach The study is a qualitative-based research. It uses various documents and content analysis approach to understand…

Shari'ah Scholars, Ijtihad and Decision Making in Islamic Finance [Journal of Islamic Business and Management (JIBM)]

Islamic finance is developed based on the spirit, philosophy and principles of Shari‘ah. Shari‘ah  contains  the  principles  and  foundations  upon which financial  system  from  an Islāmic  perspective  is  established.  These fundamentals  act  as  guidance  and  framework  on  which  the  direction…

Sukuk in Various Jurisdictions: Shari´ah and Legal Issues - [Journal of Islamic Business and Management (JIBM)]

Sukuk are active Islamic finance instruments offered in various jurisdictions and have experienced various events in the recent years. Several Sukuk defaults in 2009 highlighted a number of Shariah and legal issues that are necessary to be discussed. As a…

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

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…

STANDARDIZATION AND HARMONIZATION OF ISLAMIC FINANCIAL PRACTICES: THE APPROACH OF THE CENTRAL BANK OF MALAYSIA (ISRA-TR Report 2016)

Industry practitioners have long believed that the absence of globally accepted standards in Shariah, accounting, legal, regulations and others, are among the factors that impede the realization of the full potential of Islamic finance and hamper the strategic objective of…

Debt from Shariah and Economic Perspectives: Concepts, Issues and Implications

Stakeholders in the Islamic finance industry have been debating the relative importance of debt-based and equity-based financing for decades. Islamic economists generally advocate a shift toward equitybased instruments while some Sharīʿah advisors and practitioners defend the existing reliance on debt-based…

A Fiqhi Analysis of Tradability of Islamic Securities

Towards the Realization of Maqasid al-Shari’ah: The Role of Islamic Finance in Addressing ESG Issues

Maqasid Al-Shari'ah And Stipulation Of Conditions (Shurut) In Contracts

This study looks into the issue of contracts by exploring the nature of conditions (shuruf) in Islamic contract law, their types and classifications, and by examining their relationship with the objectives of the Shariah.

Islamic Legal Maxims and Their Application in Islamic Finance

ISRA’s Islamic Legal Maxims and Their Application in Islamic Finance is one of the most comprehensive compilations of Islamic legal maxims available in English. The most important feature of this book is that it explains each maxim in a way…

The Concept and Challenges of Takaful Investment in Malaysia

The concepts of mutual assistance and charity often come to mind when the concept of takaful is mentioned. This is understandable given that takaful played the role of an essential risk-sharing mechanism in Muslim history. In addition to risk sharing,…

The Foundations of Islamic Finance and The Maqasid al-Shari'ah Requirements

  The emergence of Islamic finance as a system of thought and practice is timely in the midst of world crisis and the uncertain proposals for solving it. It is hoped that Islamic finance offers a coherent perspective for understanding real economic…

Fundamentals and Practices in Islamic Finance

  This book explores various aspects of Islamic finance, from the role of maqasid as-Shari’ah in driving the Islamic financial sector to specific Shari’ah injunctions that govern the provision of products and services. This series aims to play a meaningful…

The Shariah Objective Of Preserving Wealth And Financial Intermediation (Slide)

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The Shari‘ah Objective Of Preserving Wealth And Financial Intermediation (Paper)

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Shariah Governance (Paper)

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Isu-Isu Investasi Dalam Industri Takaful: Pengalaman Malaysia (Kertas Kerja)

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Memahami Kepentingan Operasi dan Instrumen Perbendaharan Dalam Sistem Kewangan Islam (slide)

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Takaful dan Takaful Semula : Perbincangan Beberapa Isu dan Fatwa Pilihan

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The Doctrine of Amal Ahl Al-Madinah In The Maliki School And Its Distinction With Medinan Local Custom (Al-Urf) (Arabic)

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Islamic Financial System - The Malaysian Experience and The Way Forward

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Hukum Penggunaan Dana Hasil Penstrukturan Islam Pada Aktiviti Tidak Patuh Syariah: Perspektif Maqasid Syariah

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The Guidelines in the Issuance of Islamic Securities in Malaysia (Arabic)

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Shariah Approved Securities Screening Process in Malaysia

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The Concept of Promise and Bilateral Promise in Financial Contracts - A Fiqhi Perspective (English)

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The Role of Shari’ah Advisors in Development of Islamic Securities

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The Role of Shari'ah Supervision in Islamic Finance Institutions

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The Objective Of The Shari'ah In Islamic Finance: Identifying The Ends (Maqasid) And The Means (Wasa'il)

Islamic finance attempts to rearrange modern financial practices in line with Shari'ah principles and requirements. The industry has grown considerably over the last three decades and has a global reach. As it rapidly develops in Muslim countries, it is also…

Fatwas In Islamic Banking: A Comparative Study Between Malaysia And Gulf Cooperation Council (GCC) Countries

Inconsistency in Shari'ah interpretation is one of the most pressing concerns in the Islamic financial industry. Many parties have called for serious efforts to solve it, and some have suggested applying standardization. In light of that, we have conducted a…

The Concept of Promise and Bilateral Promise in Financial Contracts : A Fiqhi Perspective

The topic of promises needs clarification and precise determination. It is vitally important because promises are relevant to a great number of contemporary issues. The paper thus reviews the types of promises in the Shari’ah and juristic opinion as to…

Maqasid al-Shari'ah and the Foundational Requirements in Developing Islamic Banking and Finance

This research discusses the role of maqasid al-Shari'ah in developing the Islamic financial system with the aim of shedding light on how the maqasid al-Shari'ah should be treated as the main parameter for Shari'ah-compliant finance. The discussion will cover the investigation of…

Understanding the Concept of Maslahah and Its Parameters When Used in Financial Transactions

The consideration of public interest represents one of the promising bases of the Shariah for addressing the needs of Muslim society at large. The Shariah has given consideration to maslahah as a source of law in order to accommodate natural…

IFD2019 Registration & Welcoming Remarks

KLIFF - Opening Ceremony with Y.A.B. Tun Dr. Mahathir Mohamad (Prime Minister of Malaysia)

Kuala Lumpur Islamic Finance Forum (KLIFF2019) Welcome Remarks - Datuk Dr. Mohd Daud Bakar (Group Chairman, Amanie Advisory and Chairman of Organizing Commitee) Welcoming Speech - Dato' Adissadikin Ali (Managing Director/CEO, RHB Islamic Bank) Opening Speech by Prime Minister of…

Fatwa-Fatwa Semasa Dalam Kewangan Islam Global (Arabic)

SESI 1 : FATWA-FATWA SEMASA DALAM KEWANGAN ISLAM GLOBAL Moderator : Prof. Dr. Mohamad Akram Laldin Ahli Majlis Penasihat Syariah Bank Negara & Pengarah Eksekutif ISRA Panelis 1. Sheikh Esam Ishaq Penasihat Syariah, Bahrain 2. Datuk Dr. Mohd Daud Bakar…

Launch of the World Bank – INCEIF – ISRA Waqf report

The World Bank-INCEIF-ISRA Waqf Report Download Report: https://ifikr.isra.my/library/pub/10523 Or http://documents.worldbank.org/curate...   Introduction: Waqf is a potent tool for mobilizing resources to meet societal needs by the self-sustaining contributions of private donors rather than by governmental borrowing or spending of tax…

Muzakarah Cendekiawan Syariah Nusantara kali ke-13 (MUZAKARAH-13)

#MUZAKARAH13 Muzakarah Cendekiawan Syariah Nusantara kali ke-13 (MUZAKARAH-13) merupakan program tahunan anjuran Akademi Penyelidikan Syariah Antarabangsa dalam Kewangan Islam (ISRA). Pada tahun ini, MUZAKARAH-13 akan dianjurkan bersama dengan Universiti Islam Sultan Sharif Ali (UNISSA) pada 23-24 Julai 2019 bersamaan 20-21 Zulkaedah 1440H di The…

Welcoming Remarks By Prof. Dr. Mohammad Akram Laldin (ISSF2018)

Welcoming Remark - Sheikh Prof. Dr. Mohamad Akram Laldin (ISSF2019)