Muhammad Ayub

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1

Understanding Islamic Finance

By: Muhammad Ayub In Understanding Islamic Finance Muhammad Ayub introduces all the essential elements of this growing market by providing an in-depth background to the subject and clear descriptions of all the major products and processes associated with Islamic finance. Key features…

Books
2

Focusing on Shari‘ah Governance in Regulating the Islamic Banking Institutions - [Journal of Islamic Business and Management (JIBM)]

  Editorial Vol 1 Issue 1 (December-2011) Open Access

Articles
3

(Amend) Report on the 4 th International Conference on Islamic Business (ICIB - 2016) - [Journal of Islamic Business and Management (JIBM)]

The 4th international conference on Islamic business by the Riphah international University discussed the theme: Islamic Economics, Finance, Entrepreneurial Development, and Public Policy for Socio-economic Well-being. Initially, the 4th Conference was planned to be held at Madinah al-Munawarah. MoU was…

Articles
4

‘Running Mushārakah’ by Islamic Banks in Pakistan: Running from Mushārakah or Moving back to Square One - [Journal of Islamic Business and Management (JIBM)]

      Editorial   A common man, anywhere in the world, who knows a bit about Islamic finance, may consider Islamic banking as a system based on the principle of not charging interest, prohibited under Islam; instead, the lender…

Articles
5

Dichotomy between Shari‘ah Compliance and the Economic Goals of Islamic Finance Institutions [Journal of Islamic Business and Management (JIBM)]

Islamic  banking  has  crossed  the  milestone  of  forty  years  since  the  Dubai Islamic  Bank  and  the  Islamic  Development  Bank  were  established  in  1975. Islamic banking windows, standalone Islamic banking systems and even full -fledged Islamic banks, are operating as a…

Articles
6

Islamic Finance as basis for a New International Finance Protocol [Journal of Islamic Business and Management (JIBM)]

The generic term of  'financial inclusion' has been in use for last many years not only in developing but also developed economies referring to the schemes to combat the issue of  'exclusion' of the people of small means from the…

Articles
7

A Concise Glossary on Technical Terms used in the Literature on Islamic Business and Finance [Journal of Islamic Business and Management (JIBM)]

Editor’s Note: A comprehensive glossary of Shari‘ah related terms used in Islamic commercial   law –business,   banking   and   finance  was published in the JIBM, Vol.2 No.2, 2012.  In continuation of that, JIBM is making another humble addition…

Articles
8

Financial Inclusion: Social Inclusion with its true Paradigm to be the Target! [Journal of Islamic Business and Management (JIBM)]

The generic term of 'financial inclusion' has been in use for last many years not only in developing but also developed economies referring to the schemes to combat the issue of 'exclusion' of the people of small means from the…

Articles
9

Profit and Loss Distribution and Pool Management Framework for IBIs in Pakistan: Progress, Issues and Implications - [Journal of Islamic Business and Management (JIBM)]

Pakistan is  among  the  three  countries  that  opted  for  economy-wide  transformation  to  Islamic financial system in 1980s, the other two being Iran and Sudan. But the ‘non-interest based’ banking  system  introduced  in  mid-eighties  was  declared  un-Islamic  by  the  ‘Federal  Shariat…

Articles
10

Veteran Islāmic Economist, Dr. Ziauddin Ahmad, Passed Away - Obituary [Journal of Islamic Business and Management (JIBM)]

Veteran Islāmic Economist, Dr. Ziauddin Ahmad, Passed Away - Obituary Vol 4 Issue 2 (December 2014)  

Articles
11

Standardization of Fatawa and Shariah Certification [Journal of Islamic Business and Management (JIBM)]

Islamic    finance    while    progressing    impressively    in    terms    of    figures, competitiveness  with  the  conventional  finance  in  financial  engineering,  and hence  profitability,  is  losing  in  terms  of  integrity  as  a  system  based  on  Divine…

Articles
12

Case for Following the Business Ethics - [Journal of Islamic Business and Management (JIBM)]

“And eat up not one another's property  unfairly  /  wrongfully  (in  any  illicit  way  e.g. stealing,  robbing,  deceiving,  etc.)  nor  give  bribery  to  the  rulers  that  you  may  knowingly eat up a part of the property of others sinfully (2:…

Articles
13

Islamic Capitalism and Finance: Origins, Evolution and the Future By: Murat Çizakça - Book Review

  Islamic Capitalism and Finance: Origins, Evolution and the Future By: Murat Çizakça Book Review - [Journal of Islamic Business and Management (JIBM)] Vol 2 Issue 2 (December-2012) Open Source

Articles
14

(Amend) Quran, Hadith and Riba Connotation - [Journal of Islamic Business and Management (JIBM)]

The Quran categorically prohibits riba and provides a comprehensive principle with regard to its connotation so that the divine tenet could be appropriately implemented. Quranic verses on riba pertain to loans and debts. The Hadith extends the point in the…

Articles
15

Islamic Finance: Shortcomings have to be Remedied, not Denied! - [Journal of Islamic Business and Management (JIBM)]

“O ye who believe! Stand out firmly for justice as witnesses for Allah, even though it be against yourselves  or  (your)  parents  or  (your)  kindred,  whether  (the  case  be  of)  a  rich  man  or  a  poor man, for Allah is…

Articles
16

Global Financial Crisis (GFC) and Growth of Islamic Finance - [Journal of Islamic Business and Management (JIBM)]

“And  that  man  can have  nothing  but  what  he  does  (good  or  bad)”; And  that his deeds will be seen(Al-Quran-An-Namj; LIII: 39, 40). The  worldview  of  Islamic  economics  that  emerged  in  the  modern  age  in  the  20th century  AD after …

Articles
17

Resolving the Problems Facing Economies, Business and Finance - [Journal of Islamic Business and Management (JIBM)]

“Chaos (fasad) has  appeared  on  land  and  sea  because  of  what  the  human  hands  have earned. That Allah may give them a taste of some of their deeds, in order that they may turn back (from evil)” (Al-Quran; Al-Rum-XXX: 41).…

Articles
18

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