Islamic banking

Islamic Capital Market is a major part of the overall Islamic Financial System especially in providing the component of liquidity to the otherwise illiquid assets. One of the most popular instruments used today in Islamic Capital Market is Sukuk. The structures of Sukuk based on Ijarah, Musharakah, Mudharabah and hybrid forms have evolved. Under any circumstances, these innovations have appeal to many Shari’ah issues and arguments. Therefore, this article aims at analyzing the challenges of realizing

Introduction of mode of financing Islamic banks use a number of non-interest-based finance modes. The use of a mode is dependent on the nature, purpose and size of transactions. In selecting the modes, it is very much the know-how and knowledge of the Islamic banker which comes into play. These modes could be classified as debt type instruments, quasi - debt type Instruments, profit and loss sharing or hybrid instruments. Debt type instruments involve Murabahah, Salam, Istisna’a, Tawarruq and Qard

The Islamic finance industry continues to grow following continued internationalisation efforts. Last year’s growth was an impressive 16.5%, accounting for 25.7% of total assets in the banking system. The foreign currency business also grew with assets amounting to RM 18.1 billion in 2013. Meanwhile in the takaful sector, total assets of takaful funds grew by 10% to RM20.9 billion, while total takaful contributions accounted for 14% of total premiums in the industry. To increase the potential return

important component for the growth of Islamic capital markets is the conception of a secondary selling platform for the capital market instruments. This will supply investors with flexibility in supervising their liquidity requirements. The creation of a continuous supply of Islamic papers and instruments need to advertise them greater depth in the market. There also necessarily to be greater diversity in the type and maturity of the sukuk in the market for Islamic financial institutions and portfolio

A. REVIEW JOURNAL 1. Title “The Effect of new AAOIFI standards on Sukuk in choosing the most authentic Islamic principles” based on the title itself wanted to show how the changes of the new AAOIFI standard effecting industry players of Sukuk not to stress on Sukuk matters. 2. Originality and Share Reviews The originality of this study it is acceptable that the advisor contribute their best on making efforts in order to lessen debated pronouncement as to suit present financial practices. In

Comparison Between AAOIFI & IFRS Under the economic globalization and the rapid development of Islamic finance in recent years, the business activities with Islamic countries became a worldwide focus. However, it is notable that the conventional accounting system would face a challenge with the compliance of Shariah. Therefore, the Islamic accounting standards AAOIFI were developed due to of the existing problem with the adoption of the convention accounting standards (IFRS). In this chapter, to

It is defined as an Islamic insurance concept which is grounded in Islamic muamalat (Islamic banking), observing the rules and regulations of Islamic law. This concept has been practised in various forms since 622 CE. Muslim jurists acknowledge that the basis of shared responsibility (in the system of aquila as practised between Muslims of Mecca and Medina) laid the foundation of mutual insurance. Islamic references These fundamentals are based on the sayings of the Islamic prophet

I will talk about functional areas of M&S and KFH. through Comparison and contrast of how they contribute and operate their functions, as will as the structures, also my task is, to evaluate the benefit and disadvantages of their functions, finally, try to explain my opinion about how well the two companies run there business. In 1884-1907 Michael Marks formed a partnership with Tom Spencer,in 1908-1931 The St Michael trademark was registered, in 1956-1979 The first stores in Continental

Noor Takaful is made up of two sister companies- Noor Takaful Family and Noor Takaful General. Both the companies are owned by Noor Investment Group and 10% of its shares are owned by the Noor bank. Noor Takaful has a contemporary approach towards Islamic insurance, which has enabled them to be at the forefront of the industry in the country. It has enabled Noor Takaful

The adoption of Islamic business practices by organizations: Why, How and what are the performance outcomes Organizations in most industries face increased competitive pressures from other organizations that aim to satisfy customer demands. One of the most significant issues that face organizations today is International competition in rapidly changing environment (Porter, 1986). Competition creates diverse, new capabilities into an industry and more dynamic and uncertain competitive environment