International Shariah Research Academy for Islamic Finance - ISRA

Special Issue 3, 2020

This Special Issue covers various topics related to COVID-19 in relation to the Islamic finance industry. It starts with a special column on ISRA’s Strategic Plan amid COVID-19. The ‘In-Person’ column brings you our exclusive interview with the President of…

مقدمة التحرير (المجلد العاشر - ديسمبر ٢٠١٩م - العدد الثاني)

بهذا العدد تستكمل مجلة إسرا الدولية للمالية الإسلامية مجلدها العاشر؛ لتثبت إسهامها في نشر المعرفة والأبحاث ومتابعة المستجدات في مجال التمويل والمالية الإسلامية. وقد ضم هذا العدد خمسة بحوث وتقريرين. جاء البحث الأول بعنوان: "المختبر التنظيمي ودوره في تطوير الصناعة…

Issue 16, August 2019

Food for Thought: Future Challenges and Options of the Islamic Microfinancing Schemes: The Case of I-Taajir - by Hinde Ajar Youth Corner: An Analysis of the Shariah Committee’s Report of Islamic Financial Institutions (IFIs) in Malaysia - By Muhammad Hasan…

ZakatTech Blockchain Platform - Technical Note

ZakatTech Blockchain Platform A project by International Shariah Research Academy (ISRA) & SYSCODE   @ZakatTech ZakatTech Platform is owned and operated by ISRA and SysCode

Resolusi Muzakarah Cendekiawan Syariah Nusantara Kali Ke-13

Issue 15, July 2019

In-Person: Dr. Shamsiah Abdul Karim - Senior Vice President (Shariah and Product Development)of Bank Muamalat Malaysia Berhad. Food for Thought: Reasons Preventing Adoption of Financial Accounting Standards (FAS) of the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) by…

مجلة كاملة (10 - 1)

مقدمة - المجلد العاشر . العدد الأول

مقدمة بسم الله الرحمن الرحيم، الحمد لله رب العالمين والصلاة والسلام على أشرف المرسلين سيدنا محمد وعلى آله وصحبه أجمعين وبعد؛ في هذا العدد خمسة أبحاث؛ تنوعت موضوعاتها بما يعكس ارتباط حقل المالية الإسلامية معرفيا وميدانيا بحقول وتخصصات أخرى؛ فحوى…

المحتويات - المجلد العاشر . العدد الأول

المحتويات مقدمة التنازع في شرعية التمويل الإسلامي - أ.د مفتاح بوجلال معايير الاستدامة المالية للمؤسسات الوقفية أوقاف جامعة هارفرد نموذجاً - د. سامي محمد الصلاحات التجربة الماليزية في إصدار الصّكوك الإسلامي ة - د. فارس جعفري - أ.د محمد أكرم…

تقرير وتوصيات المؤتمر العالمي الثالث عشر لعلماء الشريعة في المالية الإسلامية

Complete Issue with Table of Content - المحتويات

المحتويات مقدمة الحوكمة الشرعية لإصدارات الصكوك د. سعيد بوهراوة تمويل المصارف الإسلامية لمشروعات الطاقة الشمسية في الأردن الواقع وسبل التفعيل د.عبدالله البدارين - د.عامر العتوم - د.عدنان ربابعة هل تعترف الشريعة بثمنية العملات الرقمية المشفرة؟ عبد العظيم أبوزيد القضايا الشرعية…

Issue 14, June 2019

In-Person: Mr. Abdulkader Thomas Food for Thought: The Constitutionality of Shariah Advisory Council of Bank Negara Malaysia (SAC) vis-à-vis JRI Resources Sdn. Bhd. V Kuwait Finance House (Malaysia) Berhad by Dr. Noor Suhaida Kasri MIFC DATA UPDATES The 184th Meeting…

Issue 13, May 2019

In-Person: Professor Dr. Engku Rabiah Adawiah Food for Thought: Islamic Funds in Pakistan: Gaining Trajectory Growth by Dr. Marjan Muhammad MIFC DATA UPDATES The 188th Meeting of the Shariah Advisory Council (SAC) of Bank Negara Malaysia IF for Dummies I-FIKR…

Issue 11, March 2019

In-Person: Datuk Dr. Mohd Daud Bakar Food for Thought: Smart Contracts for Islamic Financial Transactions by Dr. Farrukh Habib ISRA Highlights: ISRA Wins Best Islamic Research Firm for the Fifth Year Running MIFC DATA UPDATES The 203rd Meeting of the…

Special Issue 1, 2019

In-Person - Tan Sri Dato’ Sri Dr. Zeti Akhtar Aziz (Page: 5) MIFC Data Updates: Global Sukuk and Islamic Funds as at end-2018 (Page: 10) Resolution | SAC of BNM: Financial Retakaful Model based on the Concept of Hibah Bithawab (Page: 11)…

Issue 10, January 2019

In-Person with Dr. Buerhan Saiti Islamic Finance and Low Carbon-based Projects: A New Growth Opportunity for Islamic Countries by Abdessamad Raghibi MIFC DATA UPDATES The 187th Meeting of the Shariah Advisory Council (SAC) of Bank Negara Malaysia IF for Dummies…

Islamic Economics: Principles & Analysis

Preface Economics is a social science that studies the behaviour and interactions of economic agents and analyses how economies work at the macro- and micro-levels. It studies production, distribution and consumption of goods and services, identifies economic problems and phenomena,…

Issue 9, December 2018

IN-PERSON with Mr. Wan Abdul Rahim Kamil Wan Mohamed Ali MIFC DATA UPDATES I-FIKR HIGHLIGHTS The 186th Shariah Advisory Council of the Securities Commission Malaysia Meeting (dated 31 July 2018) Global Insight - Why Meezan Bank Stands out as the…

Issue 8, November 2018

I-FIKR Digest Issue 8, November 2018   IN-PERSON with Mr. Jal Othman & Dr. Syed Adam Alhabshi MIFC DATA UPDATES I-FIKR HIGHLIGHTS The 193rd Shariah Advisory Council of the Securities Commission Malaysia Meeting (19 January 2017) – Preference Shares Shariah…

Issue 7, October 2018

I-FIKR Digest Issue 7, October 2018   IN-PERSON: Professor Habib Ahmed p.02 MIFC DATA UPDATES p.04 SAC-SC RESOLUTION p.06 FOOD FOR THOUGHT Zakah on Waqf: A Strong Sub-Redistributive Tool p.08 IF FOR DUMMIES: Waqf (Endowment) p.10 ISRA Publication p. 12…

Sukuk in focus - The necessity for global common practices

Executive summary   This report discusses the drive to promote efforts to enhance the functionality of Islamic capital markets amidst the increasingly fragmented Islamic financial marketplace. In doing so, we believe, the Sukuk market ought to have better common practices…

- IFSA - قوانين ماليزيا - القانون ٧٥٩

إقرار الترجمة العربية لقانون الخدمات المالية الإسلامية بماليزيا لعام 20 3 1 مبادرةٌ من المعهد الإسلامي للبحوث والتدريب ) IRTI ، عضو مجموعة (البنك الإسلامي للتنمية. وقد كلف المعهدُ الأكاديميةَ العالمية للبحوث الشرعية في المالية الإسلامية ) ISRA للقيام بترجمة…

Issue 6, September 2018

I-FIKR Digest Issue 6, September 2018   IN-PERSON: FAZRIHAN MOHAMED DURIAT ETHICAL ASPECTS OF ISLAMIC BANKING AND FINANCE: A BRIEF UNDERSTANDING - By Dr. Fares Djafri MIFC DATA UPDATES I-FIKR HIGHLIGHTS THE 192ND MEETING OF THE SHARIAH ADVISORY COUNCIL (SAC)…

Issue 5, August 2018

I-FIKR Digest Issue 5, August 2018   IN-PERSON: DR. SALMA SAIRALLY SHARIAH ISSUES IN SALE-BASED SUKUK - By Dr. Shamsiah Mohamad MIFC DATA UPDATES I-FIKR HIGHLIGHTS THE 190TH MEETING OF THE SHARIAH ADVISORY COUNCIL (SAC) OF THE SECURITIES COMMISSION (SC)…

Issue 4, July 2018

I-FIKR Digest Issue 4, July 2018   FINTECH REGULATION IN THE MAKING – A GLOBAL PERSPECTIVE - By Dr. Noor Suhaida Kasri & Ahmed Mohamed Eltaib Ibrahim THE FIRST GLOBAL SOVEREIGN GREEN SUKUK: THE GOVERNMENT OF INDONESIA SUKUK 2018 -…

مجلة كاملة

تضارب الفتوى بين الهيئات الشرعية للمؤسسات المالية الإسلامية وسبل مجانستها Conflict of Fatwā (Islamic Advisory Opinion) Between Shariah Committees of Islamic Financial Institutions د. معن أبو بكر الاستثمار الوقفي: شروطه وواقعه في عُمَان Waqf-related Investment, the Conditions for Its Validity,…

Resolusi MUZAKARAH-12

Issue 3, June 2018

I-FIKR Digest Issue 3, June 2018   IN-PERSON PROFESSOR DATUK DR. RIFAAT AHMED ABDEL KARIM MIFC DATA UPDATES I-FIKR HIGHLIGHTS THE 182ND MEETING OF THE SHARIAH ADVISORY COUNCIL (SAC) OF BANK NEGARA MALAYSIA SUSTAINABLE ECONOMICS AND THE FINANCIAL SYSTEM: A…

Issue 2, May 2018

Integrating Islamic Finance and the Halal Industry: A Malaysian Perspective By: Muhammad Issyam Bin Ismail - Shariah Department of Hong Leong Islamic Bank I-FIKR Highlights SAC-BNM Resolution - The 181st Meeting Maqasid al-Shariah and Fiqh Mu’amalat: A Brief Snapshot  By:…

Issue 1, April 2018

I-FIKR Digest is a monthly digital publication exclusively for I-FIKR subscribers. Visit I-FIKR and subscribe today to receive your copy. I-FIKR all rights reserved 2018.

تقرير حلقة النقاش الثانية المنظمة بالشراكة بين الأكاديمية العالمية للبحوث الشرعية في المالية الإسلامية )إسرا( وديلويت )Deloitte(

بعنوان: تحديات سوق الصكوك والتحوّلات المطلوبة 16 نوفمبر 2017 ، فندق ريتز كارلتون، مملكة البحرين

تقرير حلقة النقاش الأولى المنظمة بالشراكة بين الأكاديمية العالمية للبحوث الشرعية في المالية الإسلامية )إسرا( )Deloitte( وديلويت

بعنوان: قضايا شرعية وتطبيقية في الصكوك القائمة على الأصول 21 مارس 2017 ، مكتب ديلويت-كوالالمبور، ماليزيا

منتجات التمويل الشخصي وأدوات إدارة السيولة في الصناعة المالية الإسلامية

"تعزيز الانضباط الشرعي والكفاءة الاقتصادية" 2-1 نوفمبر 2107 ، فندق ساما ساما، كوالالمبور-ماليزيا

ISRA ISLAMIC FINANCE SPACE (IIFS) Volume 9

MIFC SUKUK GOING GREEN: MALAYSIA CONTINUES TO DRIVE INNOVATION   In-Person: An Interview with Award-Winning Professional - Hylmun Izhar; page:15   Global Insight Micro-Level Product Innovation vs. Macro-Level Value-Based Innovation; Page: 20   Kalamuna Fatwa Resolutions 26   ISRA Events…

Editorial

The Allocation and Investment of Zakah Funds for Economic and Social Development

PREFACE Praise be to Allah, and peace and blessings be upon the most noble of all prophets and messengers of Allah, our Prophet Muhammad, and upon his family and companions. Zakah is a financial obligation, payable on specific funds, imposed…

مسودة توصيات المؤتمر العالمي الثاني عشر لعلماء الشريعة الإسلامية

بسم الله الرحمن الرحيم   مسودة توصيات المؤتمر العالمي الثاني عشر لعلماء الشريعة الإسلامية   الحمد لله والصلاة والسلام على سيدنا رسول الله محمد وعلى آله وصحبه ومن والاه، وبعد؛   فقد عقدت الأكاديمية العالمية للبحوث الشرعية في المالية الإسلامية…

ISRA-Thomson Reuters - Islamic Commercial Law Report 2018

Since the 1970s, economic trends worldwide have resulted in a huge increase in the flows of capital, goods, services and labour, known as globalization. While this liberalization has undeniably resulted in a huge overall increase in wealth and efficiency, it…

Sukuk: Principles & Practices

Sukuk: Principles & Practices

ISRA-Thomson Reuters - Islamic Commercial Law Report 2017

The Islamic Capital Market: An Outlook Shariah-compliant banking has become an established feature of the financial landscape in 60 countries. Millions of individuals and corporations have turned to Islamic banking both to satisfy their religious and ethical principles and to…

ISRA ISLAMIC FINANCE SPACE (IIFS) Volume 8

ISRA ISLAMIC FINANCE SPACE (IIFS) Volume 7

Resolusi Muzakarah Cendekiawan Syariah Nusantara (MUZAKARAH 11)

UKIFC & ISRA Thematic Workshop on Shari’ah Governance

ISRA ISLAMIC FINANCE SPACE (IIFS) Volume 6

Islamic Finance

Historical Root of Islamic Finance in Malaysia From The Pre-Islamic Era Until 1983

This book cosists of five chapters. The five chapters of this book will give readers a complete picture of the primary developments in the emergence and use of Islamic finance in Malaysia over seven centuries, as well as show the…

ISRA ISLAMIC FINANCE SPACE (IIFS) Volume 5

2016 Resolusi Muzakarah

ISRA ISLAMIC FINANCE SPACE (IIFS) Volume 4

ISRA & THOMSON REUTERS Launch Inaugural Joint Publication on Islamic Commercial Law Report 2016

ISRA Thomson Reuters Islamic Commercial Law Report 2016

Introduction The Shariah is what distinguishes Islamic finance. It is the guidance that creates opportunities and responsibilities. The success of Islamic finance depends on endeavouring to understand it, applying it thoughtfully, enabling adherence to it, and understanding the many risks…

5th ISRA-IRTI-Durham University SRD 2015 Recommendations

ISRA ISLAMIC FINANCE SPACE (IIFS) Volume 3

Resolusi Muzakarah Cendekiawan Syariah Nusantara ke-9

Islamic Capital Market - Principles & Practices

One of the predicaments that readers on the Islamic capital Market (ICM) face is a lack of comprehensive and quality literature that combines theoretical insight with practical knowledge of the market's operations. The textbook In your hand Is a remarkable…

5th SRD RESOLUTION 2015 - Kuala Lumpur

ISRA ISLAMIC FINANCE SPACE (IIFS) Volume 2

توصيات المؤتمر العالمي التاسع لعلماء الشريعة في المالية الإسلامية (Resolution)

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Resolusi Muzakarah

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ISRA ISLAMIC FINANCE SPACE (IIFS) Volume 1

To further promote Islamic finance, ISRA now replaces the Bulletin with a Magazine – ISRA ISLAMIC FINANCE SPACE (IIFS) IIFS brings a fresh outlook and wider content, with more columns and sections to elaborate Islamic finance issues in a more in-depth manner

Bulletin (Vol. 16 / Dec 2013)

Harmonisation in Islamic Finance: Reasons and Dimensions  Extended Questions in International Harmonisation Shari‘ah Harmonisation & Regulatory Consolidation in Takaful Industry Shari‘ah Harmonisation and Regulatory Consolidation in Islamic Finance: Reality and Outlook Prospects and Challenges of Shariah Harmonization in the Islamic…

Bulletin (Vol. 15 / August 2013)

Unethical Profit-Making and Islamic Banking Practices: A Short Appraisal Islamic Capital Market: An Ethical and Moral Perspective Lessons from Ethical Insurance Professional Contract Drafting for Shari’ah Advisors & Non-Legal Executives Strategic Roundtable Discussion

Bulletin (Vol. 14 / April 2013)

The Extended Meaning of Shari’ah Compliance Towards Tightening The Shari’ah Compliance of Equities in Malaysia The Principle of Risk Sharing in Islamic Financial Institutions(IFIs) Understanding the Agent- Principal Relationship in the Takaful Industry in Malaysia: A Pre-Emptive Measure Against Disputes…

Bulletin (Vol. 13 / Dec 2012)

Does Our PLS (Profit-and-Loss Sharing) Paradigm Resemble Its True Concept? The Concept of Risk Sharing in Takaful The Principle of Risk Sharing in Islamic Financial Institutions(IFIs) The Gold Investment Paradox The 7th International Shari’ah Scholars Forum (ISSF 2012)

Bulletin (Vol. 12 / Dec 2012)

Cases Involving Islamic Banking and Finance in Malaysia: Indicators of Regulatory and Market Maturity? Are Debt-Based Instruments Less Islamic? The Principle of Risk Sharing in Islamic Financial Institutions(IFIs) Innovation in Islamic Finance: Conforming to a Shari‘ah-Based or Conventional Ethos? An…

Bulletin (Vol. 11 / Apr 2012)

Tailoring Islamic Banking Products for Women An Ideal Alternative for Women Mohamed Qadri Pasha & His Reform in Islamic Transactions 3RD ISRA-IIBI International thematic workshop The 6th International Shari’ah Scholars Forum (ISSF 2011) ISRA’S Move to a New Campus

Bulletin (Vol. 10 / Dec 2011)

The 6th International Shari'ah Scholars Forum 2011 Waiting for a Breakthrough in hte Islamic Financial System How Sustainable are Current Models of Banking Prospects for Islamic Finance In Libya Corporate Social Responsibility (CSR) Activity - Welfare Unit ISRA Awarded Most…

Bulletin (Vol. 9 / July 2011)

The World’s First Comprehensive Islamic Financial Markets Textbook Malaysia & India Invites Constitutional Issues in Islamic Finance When Crime Hurts: Takaful Claims under the Practice of ‘Aqilah & Diyah An Islamic Bank Charges its Customers Fees to use the ATM…

Bulletin (Vol. 8 / April 2011)

Takaful : What Next Recent Fiasco in Qatar: The Need for Good Governance (Shari‘ah Governance) Sukuk: An Overview Suspicious Transaction Reporting in Malaysia’s Anti-Money Laundering and Counter Financing of Terrorism Regime: A Siyasah Shar‘iyyah Perspective Takaful under IFRS: Is It…

Bulletin (Vol. 6 / Oct 2010)

Islamic Finance: Opportunities for Tomorrow Innovation in Liquidity Management Instruments SUKUK ALIM Innovation in Simplicity Musharakah Ta’awuniyyah for Takaful Operations Exclusive Interview with Assoc. Prof. Dr. Shamsiah Mohamad The Bank as a: Mudarib Ruling on Commission on Investment

Bulletin (Vol. 5 / June 2010)

Project Alpha: An Attempt to Develop an Asset-Based System Managing Default in Musharakah Mutanaqisah Sukukization: Risk Factors in the Shari‘ah Juristic Differences Over Surplus Distribution in TAKAFUL OPERATIONS Exclusive Interview with Jamelah Jamaluddin

Bulletin (Vol. 4 / Dec 2009)

Bulletin (Vol. 3 / Aug 2009)

MAKIN as a platform for Shari'ah harmonization in the South East Region Shari'ah Governance in Islamic Financial Services Shari'ah Parameters (Dhawabit) in Structuring Islamic Swap Hibah bil Thawab : An Integral Part of Tabarru' Philosophy Intellectual Discourse with ISRA Council…

Bulletin (Vol. 2 / April 2009)

Responsible Banking : Luncheon Talk~ Dato’ Mohd Razif Abd. Kadir Shari`ah Compliant versus Shari`ah Based Product ~ What Is It Does Shari’ah Encourage Risk Taking? Mediation-expert determination (MED-EX) as an Alternative Dispute Resolution Mechanism Behind the Screen of ETF Fundamental…

Bulletin (Vol. 1 / Dec 2008)

Why is ISRA in Town Novation Agreement in Islamic Perspective Relationship between leakage in commodity Concept of Insurable Interest Events Update Interview with Prof. Dato' Dr. Shukor Research Update Fatwa Section Arabic Session

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Jeddah Roundtable Declaration - 3rd SRD

  The Third Strategic Roundtable Discussion, jointly organized by the International Shari'ah Research Academy for Islamic Finance (ISRA), the Islamic Research and Training Institute (IRTI) and Durham University, met on 31st March and 1st April, 2013 in the Islamic Development Bank Headquarters, Jeddah.

أساسيات التمويل الإسلامي

-أساسيات التمويل الإسلامي

ISRA Compendium for Islamic Finance Terms (Arabic - English)

ISRA Compendium for Islamic Finance Terms (Arabic - English)

Islamic Financial System - Principles & Operations

The Islamic financial services industry has developed from the early theoretical writings on interest-free finance in the 1940s–1960s into the growing global establishment of Islamic financial institutions in the 21st century. Today, the Islamic financial services industry has expanded globally…

Resolutions of ISSF 2009

  International Shariah Scholars Forum (ISSF 2009) "Islamic Financial Instruments: The Genuine and the Imitation" The Resolutions: 1. It is important for scholars and mujtahids to remain in ongoing communication with expert practitioners of Islamic finance in order to stay…

Parameter Hiyal dalam Kewangan Islam (kertas kerja)

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ISRA's 2016 Milestone

Launch of Re-vamped I-FIKR Portal (I-FIKR Intro Video)

ABOUT ISRA - International Shariah Research Academy for Islamic Finance (10th anniversary)

ISRA was established in 2008 by the Central Bank of Malaysia (BNM) as an Islamic finance and Shariah related research institution. ISRA is recognised globally as a leading Global Premier Research Academy in Islamic Finance industry with numerous accolades. An…

MUZAKARAH-12: SESI 1 "Metodologi Pengiraan Zakat bagi Institusi Kewangan Islam: Satu Analisis"

Pembentang: 1. Dr. Luqman Bin Haji Abdullah (Malaysia) 2. Dr. Irfan Syauqi Beik (Indonesia) 3. Ust. Burhanuddin Lukman (Malaysia) Pendiskusi: 1. Dr. Zakariya Hama (Thailand) 2. Ust. Kamal Mokhtar (Singapura) 3. Ust. Mohamad Amin Bin Ibrahim (Malaysia)

MUZAKARAH-12: Perbincangan dan Pembentangan Resolusi

MUZAKARAH-12: SESI 4 "Proses Tuntutan Hutang Tertunggak (Forum)"

Panelis: 1. Dr. Suhaimi Mohd Yusof (Malaysia) 2. Ust. Fazrihan Duriat (Singapura) 3. Dr. Zaharuddin Abdul Rahman (Malaysia)

MUZAKARAH-12: SESI 2 "Kaedah Pengiraan Zakat: Aplikasi di Institusi Perbankan Islam"

Pembentang: 1. Ust. Mohd Nazri Bin Chik (Malaysia) 2. Ust. Munawwaruzzaman Mahmud (Malaysia) 3. YM Awang Muhammad Takzimallah Bin Haji Ahmad Sanuddin (Brunei Darussalam) Pendiskusi: 1. Prof. Dr. Abdul Rahim Abdul Rahman (Malaysia) 2. Dr. Oni Shahroni (Indonesia) 3. Ust.…

MUZAKARAH-12: SESI 3 "Kaedah Pengiraan Zakat: Aplikasi di Syarikat Pengendali Takaful"

Pembentang: 1. Ustazah Khuzamah Ab. Rahaman (Malaysia) 2. Puan Yusaini Yusof (Malaysia) Pendiskusi: 1. Dr. Cecep Maskanul Hakim (Indonesia) 2. Prof. Madya Dr. Azman Mohd Noor (Malaysia)

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…