LEADER 03898oam 2200625 450 001 9910554273003321 005 20210701232601.0 010 $a3-11-056275-8 010 $a3-11-055974-9 024 7 $a10.1515/9783110562750 035 $a(CKB)4100000011768858 035 $a(MiAaPQ)EBC6478598 035 $a(DE-B1597)487349 035 $a(DE-B1597)9783110562750 035 $a(EXLCZ)994100000011768858 100 $a20210701d2021 uy 0 101 0 $aeng 135 $aurcnu|||||||| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 10$aShariah investment agreement $ethe legal tool for risk-sharing in islamic finance /$fSyed Adam Alhabshi, Abbas Mirakhor, Haji Mohd. Na'im Haji Mokhtar, Syed Othman Alhabshi 210 1$aBerlin, Germany :$cDe Gruyter Oldenbourg,$d[2021] 210 4$d©2021 215 $a1 online resource (192 pages) $cillustrations 225 1 $aDe Gruyter studies in Islamic economics, finance and business ;$vvolume 6 311 $a3-11-055961-7 320 $aIncludes bibliographical references and index. 327 $tFrontmatter -- $tAcknowledgements -- $tForeword -- $tContents -- $tChapter 1 Introduction -- $tChapter 2 The Shariah: Refining Bay? and How It Can Be Applied -- $tChapter 3 The Common Law: Its Background and Applicability to Bay? -- $tChapter 4 The Shariah Investment Agreement: A Solution to Islamic Investment -- $tChapter 5 Policy Recommendations and Future Research -- $tChapter 6 Conclusion -- $tAppendix A Key Quranic Ayahs and Translation -- $tAppendix B Commodity Murabahah Case Study -- $tAppendix C Comparative Analysis of Musharakah by Bank Negara Malaysia and AAOIFI -- $tAppendix D Case Study: Shariah-Compliant Securities as Determined by the SAC of SC (as at 2016) -- $tReferences -- $tList of Abbreviations -- $tList of Cases -- $tList of Legislations -- $tAbout the Authors -- $tIndex 330 $aRisk-sharing investment is currently the buzz word in Islamic finance. However, there is an incongruence in applying multilayered and opaque Tijarah contracts for investment purposes. This has contributed to the divergence between Shariah and Common Law and caused tremendous problems and systemic legal risks to Islamic finance. The authors of Shariah Investment Agreement introduce a legal tool in the form of a Shariah Investment Agreement carefully drafted to ensure that it is Shariah-compliant and can be applied in Common Law jurisdictions as well, so as to allow for the execution of risk-sharing investment in Islamic finance. It details the building blocks and key considerations that must be noted when drafting such agreements so the investor and investee will know what to expect when entering into such a contract. Proper implementation of the Shariah Investment Agreement will pave a clear route to a harmonious convergence between Shariah and Common Law and lead to Islamic finance developing further to become a stronger, unstoppable force in the finance industry. 410 0$aDe Gruyter studies in Islamic economics, finance and business ;$vvolume 6. 606 $aFinance (Islamic law) 606 $aInvestments (Islamic law) 606 $aFinance$zIslamic countries 610 $aCommon Law. 610 $aInvestment. 610 $aIslamic finance. 610 $aIslamic investment. 610 $aShariah. 615 0$aFinance (Islamic law) 615 0$aInvestments (Islamic law) 615 0$aFinance 676 $a346.167092 676 $a346.167082 700 $aAlhabshi$b Adam, Syed$01219502 702 $aMokhtar$b Haji Mohd. Na'im Haji 702 $aMirakhor$b Abbas 702 $aOthman Alhabshi$cSyed, 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bUtOrBLW 906 $aBOOK 912 $a9910554273003321 996 $aShariah investment agreement$92819770 997 $aUNINA LEADER 04938nam 22006735 450 001 9910438091403321 005 20200919031758.0 010 $a3-319-02907-X 024 7 $a10.1007/978-3-319-02907-8 035 $a(CKB)3710000000083693 035 $a(EBL)1636489 035 $a(OCoLC)871777140 035 $a(SSID)ssj0001152489 035 $a(PQKBManifestationID)11627340 035 $a(PQKBTitleCode)TC0001152489 035 $a(PQKBWorkID)11148956 035 $a(PQKB)10769635 035 $a(DE-He213)978-3-319-02907-8 035 $a(MiAaPQ)EBC1636489 035 $a(PPN)17610707X 035 $a(EXLCZ)993710000000083693 100 $a20140104d2013 u| 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 14$aThe American Monetary System $eAn Insider's View of Financial Institutions, Markets and Monetary Policy /$fby William H. Wallace 205 $a1st ed. 2013. 210 1$aCham :$cSpringer International Publishing :$cImprint: Springer,$d2013. 215 $a1 online resource (239 p.) 300 $aDescription based upon print version of record. 311 $a3-319-02906-1 320 $aIncludes bibliographical references and index. 327 $aIntroduction -- Part I -- Historical Perspectives on Money, Financial Institutions and Markets -- What Gives Money Its Value? -- From Gold to Paper -- What is Driving the Financial World Today? -- Part II Banking: Asset & Liability Management; Banking Supervision & Regulation -- How Are Banks Funded? -- How Do Banks Use Their Funds? -- Who Owns the Banks? Bank Capital and the Basel Accord -- How Safe Are Our Banks? -- Part III Financial Markets and the Management of Financial Risk -- What Makes the System Work? -- Who Finances American Industry? ? The Relative Roles of Commercial and Investment Banking -- What Went Wrong and What Are We Doing to Fix It? ?A Chronology of Financial Crises -- Why Have Financial Risks Skyrocketed, and How Is the Industry Dealing With It? -- Part IV Central Banking and Monetary Policy -- What Are the Purposes and Functions of the Federal Reserve System? 248 -- How is American Monetary Policy Made, and How Does It Affect the Domestic and Global Economies? -- About the Author -- Bibliography. . 330 $aToday?s financial system is considerably more complex than in years past, as new financial instruments have been introduced that are not well understood even by the people and institutions that invest in them. Numerous high-risk opportunities are available, and the number of people who unwittingly wander into such ventures seems to grow daily. There is also the realization that people?s lives are affected by the financial system without their overt participation in it. Despite no active participation, pensions can be emasculated by a sudden decline in interest rates, or a rise in rates can increase the monthly payments on a mortgage, credit cards or other debt. This book looks at the history of the American banking system, including the passage of the Federal Reserve Act in 1913, the implementation of deposit insurance, along with certain other provisions of the Glass-Steagall Act of 1933, the Bretton-Woods agreements, the forces of technological innovation and the Dodd-Frank Act, passed by Congress in 2010 for regulatory reform. This book will be of interest to undergraduate and graduate level students that want to gain a broad understanding of how the financial system works, why it is important to the economy as a whole, and what its strengths and weaknesses are. Also, readers should gain an understanding of what the Federal Reserve, other regulators and other central banks are doing, and will be in a position to critique their actions and say with some depth of understanding why they agree or disagree with them. 606 $aMacroeconomics 606 $aEconomic policy 606 $aEconomics 606 $aFinance, Public 606 $aMacroeconomics/Monetary Economics//Financial Economics$3https://scigraph.springernature.com/ontologies/product-market-codes/W32000 606 $aPolitical Economy/Economic Systems$3https://scigraph.springernature.com/ontologies/product-market-codes/W46000 606 $aPublic Economics$3https://scigraph.springernature.com/ontologies/product-market-codes/W34000 615 0$aMacroeconomics. 615 0$aEconomic policy. 615 0$aEconomics. 615 0$aFinance, Public. 615 14$aMacroeconomics/Monetary Economics//Financial Economics. 615 24$aPolitical Economy/Economic Systems. 615 24$aPublic Economics. 676 $a330 676 $a330.12 676 $a330.120973 676 $a336 700 $aWallace$b William H$4aut$4http://id.loc.gov/vocabulary/relators/aut$0248048 906 $aBOOK 912 $a9910438091403321 996 $aThe American Monetary System$92530610 997 $aUNINA