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(Issue 57)
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| Comment |
Islamic
Stock Market
|
| Feature |
Ijtihad
in the Development of Islamic Banking
The concept of Ijtihad in the religion of Islam is vitally
important. The appearance of Ijtihad in the Development
of Islamic Banking and finance has shown that Ijtihad
is a major component of Islamic legal doctrine. Mohammed
Ali Elgari examines the positive effect it has had
in the development of Islamic banking sector and argues
in favour of re-establishing the Ijtihad institute in
the Muslim world. |
|
Islamic
Accounting
|
Non-Financial
Management Accounting
Islamic Banks and Financial Institutions are not only
to maximise profit, but also to improve the socio-economic
condition of the community and conform to the principles
of Shariah. Non-profit activities which make a positive
contribution on promoting welfare programs in society,
are actively advocated by the Shariah. Dr Mostaque
Hussain, and Erkki K Laitinen explain the need of
Management Accounting Systems to measure performance,
specially the non-financial performance, in these organisations. |
|
Islamic
Banking
|
Islamic
Securitisation - A Practical Approach
This article, explores the development of securitisation
in both Islamic and the conventional banking. It highlights
some of the concepts of the securitisation that are present
in the Islamic and non-Islamic institutions. According
to Mohamoud El Helw, securitisation offers Islamic
financial institutions the opportunities and challenge
to penetrate new markets among many other benefits. |
| Corporate
Profile |
Dallah Al Baraka Group
For the past quarter of a century, Dallah Albaraka has
been active in several commercial areas, of which investment
and financing is just one aspect. This Saudi conglomerate
of companies has achieved a formidable reputation at
both national and international levels. We look at the
Group in general, Albaraka Investment and Development
Company and Dallah Albaraka (UK) Ltd.
|
| Book
Review |
Islamic Banking - An Overview
Published by The Institute of Islamic Banking and Insurance,
Islamic Banking - An Overview, follows such texts as the
Encyclopaedia of Islamic Banking and Insurance into the
practitioners reference library. Richard G Thomas, Head
of Investments, Islamic Investment Banking Unit, UBK,
reviews the book and writes: "This book is a welcome
addition to my own bookshelf." |
| IIBI
Forum |
IIBI
Shariah Scholars provide answers to questions and issues
pertinent to Islamic banking
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| IIBI
News |
Report on Institutes Activities
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| News
Monitor |
New
Horizon reports on recent developments within the Islamic
financial world
|
