Islamic wealth management : theory and practice / edited by Mohamed Ariff, Shamsher Mohamad

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Resource type: Ressourcentyp: Buch (Online)Book (Online)Language: English Series: Foundations of Islamic finance | Elgaronline | Edward Elgar books | Edward Elgar E-Book Archive | Foundations of islamic finance seriesPublisher: Chelterham, UK : Edward Elgar Publishing, 2017Description: 1 Online-Ressource (xiv, 398 Seiten)ISBN:

9781786439390

Subject(s):

Additional physical formats: 9781786439383 LOC classification:

HB835

DOI: DOI: 10.4337/9781786439390Online resources:

Summary: Contents: Preface -- Part I: Definition and concepts -- 1. Wealth as understood in economics and finance / Mohamed Ariff and Shamsher Mohamed -- 2. Wealth from the Shariah perspective / Mohamed A. Gadhoum -- 3. Wealth management, its definition, purpose, structure and practices / Mohamed Ariff -- Part II: Governance of institutions and markets -- 4. Governance framework in Islamic financial institutions / Zulkarnain M. Sori, Shamsher M. and M. Eskandar Shah -- 5. Shariah boards: practical challenges for Islamic financial institutions / Shamsher M., Zulkarnain M. Sori and M. Eskandar Shah -- 6. Property rights and Shariah non-compliance risk / Saiful A. Rosly -- Part III: Wealth creating institutions and markets -- 7. Sovereign wealth funds and reserves as wealth owned by the state / John Farrar and Mohamed Ariff -- 8. Sovereign wealth funds in cOIC group / Habib Farukh and Abbas Mirakhor -- 9. Application of conventional benchmark in Islamic wealth management / Mohamed A. Gadhoum and Shamsher M. -- 10. Benchmarks for Islamic asset pricing / Abbas Mirakhor -- 11. Sukuk as the Islamic debt market securities within Islamic finance / Mohamed Ariff -- 12. Sukuk Market in Malaysia: issues and challenges / Gulsum C. Dolgun and Muhammed H. Dolgun -- 13. Wealth effect of Sukuk issuance announcement in two markets / Ziyaad Mohomed, Mohamed Ariff and Shamsher Mohamad -- Part IV: Preserving and protecting wealth -- 14. Takaful Industry risk transfer: opportunities and challenges / Syed O. Alhabshi -- 15. Purification in Islamic wealth management / Ahcene Lahsasna -- Part V: Wealth distribution -- 16. Faraid as Islamic Inheritance laws for investment: socio-economic impact on investments / Adelina Zulaikha and Shamsher M. -- 17. Waqf in Shariah: basic rules and applications / Mazen El Khatib -- 18. Framework for international Waqf foundation / Jamaliah M. Thahir -- 19. Potential of wealth creation from Waqf assets / Magda I.A. Mohsin and Shaikh H.A. Razak -- 20. Zakat in Islamic wealth management / Ziyaad Mahomed -- 21. Issues in managing Waqf and Zakat assets / Mohamed Ariff and Shamsher Mohamad -- Index.Summary: From an Islamic perspective, although the ownership of wealth is with God, humans are gifted with wealth to manage it with the objective of benefiting the human society. Such guidance means that wealth management is a process involving the accumulation, generation, purification, preservation and distribution of wealth, to be conducted carefully in permissible ways. This book is the first to lay out a coherent framework on how wealth management should be conducted in compliance with guiding principles from edicts of a major world religion. The book begins by defining wealth from both a secular perspective, and an Islamic perspective, before describing how wealth needs to be earned in lawful ways, preserved and used to benefit the needs of community, with a small part of the wealth given away to charity, and the remainder managed in accordance with laws and common practices, as established by a majority consensus of scholars of the religion in historical times. Each section of the book has relevant chapters that discuss the theory, as well as the application and the challenges in Islamic wealth management in real and financial markets. This book will appeal to students and researchers of Islamic wealth management, certainly Islamic economics and finance in general; policy makers; and a range of industry practitioners, such as investment managers, financial planners, accountants and lawyersPPN: PPN: 1658642953Package identifier: Produktsigel: ZDB-1-EWE | ZDB-77-ECE

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