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Islamic economics, which is a discipline for studying economic behaviour from an Islamic perspective, advocates comprehensive human development defined by advancement and progress in multiple dimensions beyond GDP, income, or standard of living. Not only should socio-economic progress be in all dimensions but it should also have a higher purpose. A society is considered economically and socially developed if adequate protections are provided for faith, life, intellect, progeny, and wealth. This concept of balanced progress itself is an important idea recognized by the sociologists. However, the same has so far not been measured or used in policy making by economists. Similarly, lack of adequate protections in a society along these dimensions indicates poverty which is another way of measuring slack in development. The chapters in this edited volume deal with conceptualization of socio-economic development on these lines, and show how to measure socio-economic development in a comprehensive way. The book will be of interest to academics in the fields of economics, economic development, and Islamic economics. It will also be of interest to policy makers engaged in economic development, social progress, and poverty alleviation. .

Maqāṣid (Islamic law) --- Finance, Public—Islamic countries. --- Islamic Finance. --- Finance, Public

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Islamic finance has grown exponentially since 1963 and has reached more than 70 countries around the world with the asset size of about $2.5 trillion. The Islamic financial system today comprises a sizable asset base and there is evidence of sustained demand for Islamic financial products and services in the global market, with demand outstripping supply. This book provides a new source of understanding of the Islamic financial products in view of facilitating academia, industrialists, professionals, product designers, students and policymakers globally. There is a mass of literature on Islamic finance available to the market, but very little research is found in the form of book exclusively on Islamic financial products and their structures. Thus, this book is a timely contribution to the global market with Islamic financial product solutions.

Finance, Public—Islamic countries. --- Investment banking. --- Securities. --- Islamic Finance. --- Investments and Securities.

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This book examines a range of current issues in Islamic development management. The first part of the book explores practical issues in governance and the application of Islamic governance in new areas such as quality management systems and the tourism industry, while the second delves into questions of sustainability. The book proposes a new Islamic sustainability and offers new perspectives on CSR in connection with waqf (Islamic endowments) and microfinance. The third part of the book addresses Islamic values and how they are applied in entrepreneurship, inheritance, consumer behavior and marketing. The fourth part examines the issues of waqf and takaful (a form of insurance in line with the Islamic laws), while the fifth discusses the fiqh (the study of Islamic legal codes) and legal framework from the perspectives of entrepreneurship, higher education, reporting and inheritance (wills). The final chapter is dedicated to the application of Islamic principles in various other issues. Written in an accessible style, the book will appeal to newcomers to the field, as well as researchers and academics with an interest in Islamic development management. Noor Zahirah Mohd Sidek is a Senior Lecturer at the Department of Economics, Universiti Teknologi MARA (UiTM), Kedah, Malaysia. She holds a Master and PhD in Economics from the International Islamic University, Malaysia. She is also a certified Shariah Registered Financial Planner (SRFP00513). Roshima Said (PhD) is an Associate Professor at the Universiti Teknologi MARA, Malaysia. Her research interests are in the areas of Corporate Governance, Corporate Social Responsibility, Ethics and Financial Criminology. Wan Norhaniza Wan Hasan is a Senior Lecturer at the Centre for Islamic Development Management Studies (ISDEV), Universiti Sains Malaysia (USM). She holds a Master of Social Sciences (Islamic Development Management) and PhD in Islamic-based Development, both from the USM. Her main research interest is in Islamic-based development with a focus on sustainability and development indexes, and on the measurement of sustainable development based on Islamic principles.

Finance, Public—Islamic countries. --- Economic development—Environmental aspects. --- Economic development projects—Finance. --- Islamic Finance. --- Development and Sustainability. --- Development Finance.

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This book explores the methodological foundation of Islamic thought premised on the cardinal principle of Tawhid, meaning the Oneness of God as the universal law. The consequential methodological worldview arising from the monotheistic unity of knowledge is explained as the theory of consilience, meaning unity of knowledge as the primal ontological reality leading to its epistemological and phenomenological essentials of reasoning and thereby configuring reality. Masudul Alam Choudhury presents a non-mathematical exposition of the theory and applications of Meta-Science of Tawhid, and brings out the essential monotheistic methodological worldview of science.

Islam-Doctrines. --- Finance, Public—Islamic countries. --- Middle East—Economic conditions. --- Islamic Theology. --- Islamic Finance. --- Middle Eastern and North African Economics. --- Islam—Doctrines.

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Financial Technology (Fintech) has revolutionized the financial world as one of the fastest-growing segments in both the technology and financial sectors. With the usage of underlying principles of Blockchain technology, Fintech is bringing the financial community together and making financial services accessible to everyone. Fintech has far-reaching implications for Islamic finance such as banking, investment, insurance (takaful) and wealth management, which are benefitting from this usage. This book provides a comprehensive review of how Fintech is shaping the Islamic finance industry through three key aspects: Digitalization, Development and Disruption. The book will provide insight on the Shariahtech (Fintech in line with Shariah principle) and its application in the Islamic finance industry. The book also gives an overview of Blockchain and Fintech evolution and how they act as the building blocks of the digital financial landscape. Readers of the book will also get a detailed discernment on the Islamic viewpoint on cryptocurrency as well as the application of the smart contract in different Islamic financial services. The book provides students, academics and researchers with a detailed description of the Blockchain and Fintech application in Islamic finance.

Finance, Public—Islamic countries. --- Banks and banking. --- Islamic Finance. --- Banking. --- Agricultural banks --- Banking --- Banking industry --- Commercial banks --- Depository institutions --- Finance --- Financial institutions --- Money --- Finance (Islamic law) --- Islamic law