<i>'It is a timely book on a much neglected area of the Islamic finance discipline. It contains 21 chapters ranging from wealth management, to governance, to Islamic social finance, strewn together under 5 sub-themes. The book chapters combine both concepts and operational aspects of Islamic wealth management. The authors have done an excellent job in exploring each idea and concept thoroughly, and I highly recommend this book for academicians, scholars, practitioners and policymakers.'</i><br /> --M. Kabir Hassan, University of New Orleans, US<p><i>'This book is a welcome contribution to Islamic finance literature. As the global Islamic market continues to grow, strengthening capacity-building has become crucial to consolidate a comprehensive ecosystem for shari`ah-compliant operations. The volume successfully addresses this need by shedding light on the rationales and tools of Islamic wealth management, where not only are the creation, enhancement, protection and distribution of wealth functional to market efficiency, but primarily conceived in the light of ultimate objectives of fairness, equality and economic justice.'</i><br /> --Valentino Cattelan, IE Business School, Madrid, Spain</p>

From an Islamic perspective, although the ownership of wealth is with God, humans are gifted with wealth to manage it with the objective of benefiting the human society. Such guidance means that wealth management is a process involving the accumulation, generation, purification, preservation and distribution of wealth, to be conducted carefully in permissible ways. This book is the first to lay out a coherent framework on how wealth management should be conducted in compliance with guiding principles from edicts of a major world religion. The book begins by defining wealth from both a secular perspective, and an Islamic perspective, before describing how wealth needs to be earned in lawful ways, preserved and used to benefit the needs of community, with a small part of the wealth given away to charity, and the remainder managed in accordance with laws and common practices, as established by a majority consensus of scholars of the religion in historical times. Each section of the book has relevant chapters that discuss the theory, as well as the application and the challenges in Islamic wealth management in real and financial markets. This book will appeal to students and researchers of Islamic wealth management, certainly Islamic economics and finance in general; policy makers; and a range of industry practitioners, such as investment managers, financial planners, accountants and lawyers.Contributors include: S.O. Alhabshi, M. Ariff, G.Ç. Dolgun, M.H. Dolgun, M. El Khatib, J. Farrar, F. Habib, A. Lahsasna, Z. Mahomed, A. Mirakhor, S. Mohamad, M.I.A. Mohsin, E.S. Rasid, S.H.A. Razak, S.A. Rosly, Z.M. Sori, J.A. Thahir, A. Zuleika
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From an Islamic perspective, although the ownership of wealth is with God, humans are gifted with wealth to manage it with the objective of benefiting human society.
Contents: Preface Part I: Definition and Concepts 1. Wealth as Understood in Economics and Finance Mohamed Ariff and Shamsher Mohamad 2. Wealth from the Shariah Perspective Mohamed A. Gadhoum 3. Wealth Management, its Definition, Purpose, Structure and Practices Mohamed Ariff Part II: Governance of Institutions and Markets 4. Governance Framework in Islamic Financial Institutions Zulkarnain M. Sori, Shamsher Mohamad and M. Eskandar Shah Rasid 5. Shariah Boards: Practical Challenges for Islamic Financial Institutions Shamsher Mohamad, Zulkarnain M. Sori and M. Eskandar Shah Rasid 6. Property Rights and Shariah Non-Compliance Risk Saiful A. Rosly Part III: Wealth Creating Institutions and Markets 7. Sovereign Wealth Funds and Foreign Exchange Reserves as State Wealth John Farrar and Mohamed Ariff 8. Sovereign Wealth Funds in OIC Group Faruk Habib and Abbas Mirakhor 9. Application of Conventional Benchmark in Islamic Wealth Management Mohamed A. Gadhoum and Shamsher Mohamad 10. Benchmarks for Islamic Asset Pricing Abbas Mirakhor 11. Sukuk as the Islamic Debt Market Securities within Islamic Finance Mohamed Ariff 12. The Sukük Market in Malaysia: Issues and Challenges Gülsüm C. Dolgun and Muhammed H. Dolgun 13. Wealth Effect of Sukuk Issuance Announcement in Two Markets Ziyaad Mahomed, Mohamed Ariff and Shamsher Mohamad Part IV: Preserving and Protecting Wealth 14. Challenges for the Takaful Industry Syed O. Alhabshi 15. Wealth Purification Ahcene Lahsasna Part V: Wealth Distribution 16. Faraid as Islamic Inheritance Laws: Socio-Economic Impact on Investments Adelina Zuleikha and Shamsher Mohamad 17. Waqf in Shariah: Basic Rules and Applications Mazen El Khatib 18. Framework for International Waqf Foundation Jamaliah Abdul Thahir 19. Potential for Wealth Creation from Waqf Assets Magda I.A. Mohsin and Shaikh H.A. Razak 20. Zakat in Islamic Wealth Management Ziyaad Mahomed 21. Issues in Waqf and Zakat Management Mohamed Ariff and Shamsher Mohamad Index
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Produktdetaljer

ISBN
9781786439383
Publisert
2017-12-29
Utgiver
Vendor
Edward Elgar Publishing Ltd
Høyde
234 mm
Bredde
156 mm
Aldersnivå
P, 06
Språk
Product language
Engelsk
Format
Product format
Innbundet
Antall sider
416

Om bidragsyterne

Edited by Mohamed Ariff, Chair of Economics and Finance, Sunway University and Shamsher Mohamad, Professor of Finance, International Centre for Education in Islamic Finance, Malaysia