Islamic Wealth Management

Theory and Practice

Mohamed Ariff, Shamsher Mohamad (Herausgeber)

Buch | Hardcover

416 Seiten

2017
Edward Elgar Publishing Ltd (Verlag)
978-1-78643-938-3 (ISBN)

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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.

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

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

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

Erscheinungsdatum	18.04.2018
Reihe/Serie	Foundations of Islamic Finance series
Verlagsort	Cheltenham
Sprache	englisch
Maße	156 x 234 mm
Themenwelt	Sozialwissenschaften ► Soziologie ► Spezielle Soziologien
Themenwelt	Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung
ISBN-10	1-78643-938-7 / 1786439387
ISBN-13	978-1-78643-938-3 / 9781786439383
Zustand	Neuware