1st Edition
Contemporary Issues in Islamic Social Finance
The development of Islamic banking and finance (IBF) previously centred around three regions of the world: the Middle East, Southeast Asia, and South Asia. However, in recent years, this has expanded, as interest in IBF has gained momentum in Australia, the USA, and Europe, especially in the UK. Several Western market players have established their own Islamic window or subsidiaries to cater to the need of growing Muslim populations in these regions.
This book examines the recent developments in IBF, particularly in the context of Islamic social finance instruments, such as Islamic microfinance, halal education, takaful, mutual funds, and waqf. It covers the religiosity, spirituality, and tawhid index, which promotes social well-being and empowerment. The book is interdisciplinary, and theories, practice, and key issues are presented simultaneously, introducing new ideas and techniques to the IBF community. Moreover, the book examines topics such as innovation in Islamic social finance instruments, advanced techniques of risk mitigation in Islamic capital markets, marketing and the halal industry, and shari’ah-compliant instruments, which are critical to Islamic finance.
The book is an essential reference text for academics and research students at the master’s and doctorate levels in IBF.
List of Figures
List of Tables
Preface
Chapter 1: Contemporary Issues in Islamic Socio-finance
Hussain M Qadri & M Ishaq Bhatti
Chapter 2: Implications of profit-sharing investment accounts on the capital structure of Islamic bank: a comparative study
Dawood Asharaf
Chapter 3: Tawhid index of global wellbeing as the principal indicator of spirituality and development
Masud Alam
Chapter 4: Risk management and risk sharing in Islamic finance: theory and practice
Rodney Wilson
Chapter 5: Debt, Risk and Islamic Moral Economy
Toseef Azid
Chapter 6: Role of state Banks Policy rate in the economy of Pakistan
Atiq ul Rehman
Chapter 7: Religion, Culture and Islamic Marketing
Hussain mohi ud din Qadri
Chapter 8: A theoratical model for job creation: The role of Banks
Anwar Shah
Chapter 9: Lessons from the UK’s dedicated Islamic banks
Mohammed Amin
Chapter 10: Inclusive and sustainable growth with Islamic Finance
Salman Ahmed
Chapter 11: Embracing Islamic Banking as a new Engine towards the Growth of Economy
Syed Abdul Rehman Shah
Chapter 12: The role of Zakat in addressing poverty: An analysis of Sokoto State Zakat and Waqf (endowment) Commission
Aminu Bhala
Chapter 13: Analysis of sources and uses of charity fund account: A case study of Meezan Bank
Ayaz
Chapter 14: Issuance of musawwamah based card by islamic banks as an alternative to credit card
Imam ud deen
Chapter 15:
The Socio-Economic Impact of Waqf in Islam: A study of Zakkat and Endowment Commission in Sokoto State
M. Dahiru Shunni
Chapter 16: Business Zakat Reporting: Evidences from the Islamic Financial Institutions
Teh Suhaila
Chapter 17: The Blueprint of Pre-Higher education pragramme: A platform to uplift the B40 Economics position
Aine Japar, Siti Salwa Salleh
Chapter 18: An increasing Demand for Halal products and services: A call for an enactment of international convention on Halal Industries
Ibrahim Danjuna
Chapter 19: Education for Young Generations on Halal Food Audit and Certification: Challenges and Future Aspects
Hadia Hashmi
Chapter 20: Halal Tourism optimization to economic Growth: Study at Jakarta Indonesia
Shinta Maharani
Chapter 21: Do best by providing quality services: A case study towards Islamic Banking and customer behaviour
Shahbaz Ahmed
Chapter 22: Green Sukuk for Financing Renewable Projects in Islamic Social Finance: Problems and Solutions
Maryam Saeed
Chapter 23: Conclusion on Contemporary Issues in Islamic Socio-finance
Hussain M Qadri & M Ishaq Bhatti
Index
Biography
Hussain Mohi-ud-Din Qadri is Deputy Chairman of the Board of Governors of Minhaj University, Lahore, and Associate Professor at the School of Economics and Finance, Minhaj University, Lahore, Pakistan.
M. Ishaq Bhatti is a Professor of Finance and Financial Econometrics and the Founding Director of the Islamic Banking and Finance Programme at Latrobe University, Australia.
