Saturday, February 27, 2010

All Wealth belongs to God and man is only a trustee. Base on this statement explain the rights of various groups to wealth from the Islamic perspective?

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Wealth in Islam is divided into two categories: First the public wealth (public utilities and natural resources) that is not owned by indivi...

Regulatory bodies which govern the financial systems and institutions in Malaysia.

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The Malaysian financial system and landscape have undergone a major transformation in this recent decade. The financial sector reforms, with...

ISSUES IN BAY’ AL-‘INAH AND BAY’ AL-DAYN AND PROPOSAL FOR OTHER CONCEPTS AVAILABLE IN ISLAMIC COMMERCIAL LAW TO BE EMPLOYED AS ALTERNATIVES IN CONTEMPORARY ISLAMIC FINANCE

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ABSTRACT The application of bay’ al-‘inah (sale and repurchase back) and bay’ al-dayn(sale of debts) is making the Islamic financial industr...

Rationality of decision making by market players is by itself ethical. As such there is no need to regulate a market that is functioning efficiently. Do you agree? Discuss.

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I disagree because there were many cases that shown the market players try to take advantage in the loop holes of the system for example ins...

The issue of moral hazard and adverse selection issues in musharakah contracts and proposal for risk mitigation.

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1.0       Introduction Commonly, business ventures start off with a loan. For Muslims, loans cannot be made or accepted according to tradi...
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The Islamic legal maxim “al-ghorm bil ghonm” that is, “no reward without risk” is an important principle in Islamic finance. Discuss why this is so?

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The explicit Quranic verse (Al-Baqarah : 275) says that “Allah hath permitted trade and forbidden riba (usury)....”, to counter back the cl...
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In an Islamic hire purchase scheme, suppose an Islamic bank is required to purchase a car before leasing it to the customer. Discuss how this could affect the bank’s profit and loss?

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Accounting and Auditing Organisation For Islamic Financial Institutions (AAOIFI) was formed to undertake responsibility for issuing accounti...