Towards realizing the Maqasid Al-Shariah: a critique of Islamic banking and finance practices

There has been phenomenal growth in the Islamic banking and finance (IBF) industry since its nascent introduction just slightly over 1'0111' years ago. In Iran, Pakistan. and Sudan, only Islamic banking is allowed. In other countries, such as Bangladesh, Egypt, Indonesia, Jordan and Malay...

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Main Authors:	Nor Azmi, Hamzah Syahir, Kayadibi, Saim
Format:	Book Chapter
Language:	English
Published:	IIUM Press 2011
Subjects:	HG Finance HG1501 Banking
Online Access:	http://irep.iium.edu.my/20527/ http://irep.iium.edu.my/20527/ http://irep.iium.edu.my/20527/1/Towards_Realizing_The_Maqasid_Al-Shariah.pdf

id	iium-20527
recordtype	eprints
spelling	iium-205272012-11-06T10:32:59Z http://irep.iium.edu.my/20527/ Towards realizing the Maqasid Al-Shariah: a critique of Islamic banking and finance practices Nor Azmi, Hamzah Syahir Kayadibi, Saim HG Finance HG1501 Banking There has been phenomenal growth in the Islamic banking and finance (IBF) industry since its nascent introduction just slightly over 1'0111' years ago. In Iran, Pakistan. and Sudan, only Islamic banking is allowed. In other countries, such as Bangladesh, Egypt, Indonesia, Jordan and Malaysia, Islamic banking coexists with conventional banking. Islamic banking, moreover, is not limited to Islamic countries. In August 2004, the Islamic Bank of Britain became the first bank licensed by a non-Muslim country to engage in Islamic banking. The HSBC, University Bank in Ann Arbor and Devon Bank in Chicago offer Islamic banking products in the United States. Recent industry estimates showe that Islamic banking, vvhich managed around U5$250 billion worth of assets worldwide as of2004 (Chong & Liu, 2007). Consequently, Islamic banking and finance has emerged as one of the fastest gro\ving industries, and is expected to grovv' at the rate of 15% per annum. It has spread to all comers of the globe and received wide acceptance by both Muslim and non-Muslim alike (Iqbal & Molyneux, 2005). IIUM Press 2011 Book Chapter PeerReviewed application/pdf en http://irep.iium.edu.my/20527/1/Towards_Realizing_The_Maqasid_Al-Shariah.pdf Nor Azmi, Hamzah Syahir and Kayadibi, Saim (2011) Towards realizing the Maqasid Al-Shariah: a critique of Islamic banking and finance practices. In: The Principal of Currency Value System and Islam Banking and Finance. IIUM Press, Kuala Lumpur, pp. 85-114. ISBN 978-967-418-118-5 http://rms.research.iium.edu.my/bookstore/default.aspx
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	HG Finance HG1501 Banking
spellingShingle	HG Finance HG1501 Banking Nor Azmi, Hamzah Syahir Kayadibi, Saim Towards realizing the Maqasid Al-Shariah: a critique of Islamic banking and finance practices
description	There has been phenomenal growth in the Islamic banking and finance (IBF) industry since its nascent introduction just slightly over 1'0111' years ago. In Iran, Pakistan. and Sudan, only Islamic banking is allowed. In other countries, such as Bangladesh, Egypt, Indonesia, Jordan and Malaysia, Islamic banking coexists with conventional banking. Islamic banking, moreover, is not limited to Islamic countries. In August 2004, the Islamic Bank of Britain became the first bank licensed by a non-Muslim country to engage in Islamic banking. The HSBC, University Bank in Ann Arbor and Devon Bank in Chicago offer Islamic banking products in the United States. Recent industry estimates showe that Islamic banking, vvhich managed around U5$250 billion worth of assets worldwide as of2004 (Chong & Liu, 2007). Consequently, Islamic banking and finance has emerged as one of the fastest gro\ving industries, and is expected to grovv' at the rate of 15% per annum. It has spread to all comers of the globe and received wide acceptance by both Muslim and non-Muslim alike (Iqbal & Molyneux, 2005).
format	Book Chapter
author	Nor Azmi, Hamzah Syahir Kayadibi, Saim
author_facet	Nor Azmi, Hamzah Syahir Kayadibi, Saim
author_sort	Nor Azmi, Hamzah Syahir
title	Towards realizing the Maqasid Al-Shariah: a critique of Islamic banking and finance practices
title_short	Towards realizing the Maqasid Al-Shariah: a critique of Islamic banking and finance practices
title_full	Towards realizing the Maqasid Al-Shariah: a critique of Islamic banking and finance practices
title_fullStr	Towards realizing the Maqasid Al-Shariah: a critique of Islamic banking and finance practices
title_full_unstemmed	Towards realizing the Maqasid Al-Shariah: a critique of Islamic banking and finance practices
title_sort	towards realizing the maqasid al-shariah: a critique of islamic banking and finance practices
publisher	IIUM Press
publishDate	2011
url	http://irep.iium.edu.my/20527/ http://irep.iium.edu.my/20527/ http://irep.iium.edu.my/20527/1/Towards_Realizing_The_Maqasid_Al-Shariah.pdf
first_indexed	2023-09-18T20:30:53Z
last_indexed	2023-09-18T20:30:53Z
_version_	1777408728096571392

Towards realizing the Maqasid Al-Shariah: a critique of Islamic banking and finance practices

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