The Cultural And Demographic Aspects Of The Islamic Financial System And The Potential For Islamic Financial Products In The German Market PDF Download
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| Author | : Holger Timm |
| Publisher | : GRIN Verlag |
| Total Pages | : 200 |
| Release | : 2005-02-04 |
| Genre | : Business & Economics |
| ISBN | : 3638346749 |
Download The cultural and demographic aspects of the Islamic financial system and the potential for Islamic financial products in the German market Book in PDF, ePub and Kindle
Diploma Thesis from the year 2004 in the subject Business economics - Investment and Finance, grade: 1,4, Stralsund University of Applied Sciences, language: English, abstract: The author has divided the thesis in four parts. The first chapter, “Chapter A – Islam – History, Cultural Aspects, and Principles for the Financial System“, introduces Islam, its roots and foundation about 1,400 years ago. In that chapter basic Islamic principles are explained and their relevance in all aspects of Muslim life is shown. With those principles underlying, a financial system developed which is different from the Western one. The development of the financial system is described as are various Islamic financial tools explained. In “Chapter B – Muslims in Germany” it is shown how the Muslim community in Germany developed. It is explained when processes of migration started and to what extent they developed. The cultural and educational “Status Quo” of the Muslim community is analysed, and it is looked at their stand concerning school, work, associations, etc. Thereby Islamically cultural distinctions are outlined and resulting obstacles for integration deduced. Following that, the financial “Status Quo” is looked at. Facts about Muslim savings are provided and examples of instruments available at the German market, which are in compliance with Islamic law, are described. Out of the outlined facts in the “Status Quos” a potential analyses is developed. Future scenarios about shifts in the population structure are calculated and thereby resulting changes at the labour market predicted. After the Muslim community and its financial situation is analysed, “Chapter C - Possibilities for Islamic Products in the German Market“ describes legal requirements set by German authorities as does it look at Islamic prescriptions for the running of a financial institution. Proposals are given how to harmonise differences to create possibilities for a financial system which encompasses both – conventional and Islamic finance. Afterwards descriptions of product examples are provided which are in compliance with German law and with Islamic law. Finally a conventional equity financing model is analysed and ways of its transformation into an Islamically acceptable model are developed. In “Chapter D – Conclusions Deduced from the Thesis” final remarks are given concerning results achieved in the process of analysing the market and writing this paper. It has been the author’s aim to outline complex correlations as simply as possible. By looking at selected areas of a financial system it was tried to clarify theoretical conditions with help of practical examples.
| Author | : Holger Timm |
| Publisher | : diplom.de |
| Total Pages | : 195 |
| Release | : 2005-02-07 |
| Genre | : Business & Economics |
| ISBN | : 3832440828 |
Download The Cultural and Demographic Aspects of the Islamic Financial System and the Potential for Islamic Financial Products in the German Market Book in PDF, ePub and Kindle
Inhaltsangabe:Abstract: The aim of this thesis is to show the potential Muslims in Germany have concerning their number and financial power. As assumed, whilst developing the idea for this work, no financial institution is existent in Germany which offers banking services in compliance with Islamic law. Would it not make sense to introduce such instruments in a market which accommodates more than 3 million Muslims? Are the hurdles for introduction too high or is the financial potential of the Muslim population too low to care about such questions? They will be answered in this thesis. To gather information necessary for writing this thesis, the author read various books about Islam, its roots, and its financial systems. The World Wide Web was a valuable source, especially publications of data by statistical offices, ministries, and institutions dealing with the topic. For certain parts specific data were not accessible to the author. For investigation purposes he wrote letters and mails to various institutions to find out that specific data were not available and certain statistical investigations were not undertaken. In that case approximations and extrapolations were used and marked as such. The author has divided the thesis in four parts. The first chapter, Chapter A Islam History, Cultural Aspects, and Principles for the Financial System , introduces Islam, its roots and foundation about 1,400 years ago. In that chapter basic Islamic principles are explained and their relevance in all aspects of Muslim life is shown. With those principles underlying, a financial system developed which is different from the Western one. The development of the financial system is described as are various Islamic financial tools explained. In Chapter B Muslims in Germany it is shown how the Muslim community in Germany developed. It is explained when processes of migration started and to what extent they developed. The cultural and educational Status Quo of the Muslim community is analysed, and it is looked at their stand concerning school, work, associations, etc. Thereby Islamically cultural distinctions are outlined and resulting obstacles for integration deduced. Following that, the financial Status Quo is looked at. Facts about Muslim savings are provided and examples of instruments available at the German market, which are in compliance with Islamic law, are described. Out of the outlined facts in the Status Quos a potential analyses is [...]
| Author | : Abdullah, Daud Vicary |
| Publisher | : Marshall Cavendish International Asia Pte Ltd |
| Total Pages | : 216 |
| Release | : 2013-11-15 |
| Genre | : Business & Economics |
| ISBN | : 9814516821 |
Download Islamic Finance: Why It Makes Sense (For You) — Understanding its Principles and Practices, 2nd Edition Book in PDF, ePub and Kindle
Islamic finance has been growing faster than conventional finance for most of the past decade. It has done this on a model of finance that rejects interest and promotes profit sharing. How is this possible? Yet the wealth potential of Islamic finance is far from being its most attractive feature. What is most compelling about Islamic finance are its ethical principles and strong corporate governance based on Shariah law. This SECOND EDITION explains and updates how conventional financial products work — from mortgages and leases to trade finance and insurance — before delving into their Islamic versions and contains three new topics on microfinance, the ethical company and wealth successionAbout the Authors Daud Vicary Abdullah has been in the finance and consulting industry for more than 40 years, and has focused solely on Islamic finance since 2002. At Hong Leong Islamic Bank, he was instrumental in transforming an Islamic banking window into a full-fledged Islamic banking subsidiary. Today, he helms INCEIF (International Centre for Education in Islamic Finance), the global university for Islamic finance set up by Bank Negara (Central Bank of Malaysia) in December 2005. He is also a frequent speaker and commentator on matters relating to Islamic finance. Keon Chee is a senior executive in Singapore where he oversees the wills, trusts and corporate services businesses in his firm. He has many years' experience in investment research, derivatives, financial training and insurance. He obtained an MBA from Columbia University and an LL.B (Hons) from the University of London, and enjoys using his broad background in helping clients with their estate planning needs. He is also co-author of the best-selling Make Your Money Work For You.
| Author | : Tina Harrison |
| Publisher | : Springer |
| Total Pages | : 192 |
| Release | : 2016-09-20 |
| Genre | : Business & Economics |
| ISBN | : 3319309188 |
Download Islamic Finance Book in PDF, ePub and Kindle
This book demonstrates how the global market for Islamic financial services has shown strong growth in recent years and shown remarkable resilience during the global financial crisis. Drawing on a range of international perspectives from the Gulf Cooperation Council countries, Malaysia, Pakistan, Australia and Europe, this book explores the characteristics and performance of Islamic finance and banking and discusses future prospects. It offers a comprehensive theoretical framework for Shariah governance in Islamic financial institutions, explores Shariah-compliant equities, as well as issues in productivity, technology and efficiency. It includes a number of comparative studies on Islamic and conventional banks, Islamic and conventional unit trusts, and Islamic and conventional banks’ product mixes. The challenges and opportunities for the expansion of Islamic finance and banking into Europe are explored through the contexts of the UK, Germany and Italy.
| Author | : Mehmet Cosgun |
| Publisher | : GRIN Verlag |
| Total Pages | : 23 |
| Release | : 2014-07-02 |
| Genre | : Business & Economics |
| ISBN | : 3656687862 |
Download How "helal" can an Islamic Bank be? The Islamic Finance in Germany and Turkey Book in PDF, ePub and Kindle
Wissenschaftlicher Aufsatz aus dem Jahr 2014 im Fachbereich VWL - Finanzwissenschaft, ( Mendel-Universität Brünn ), Sprache: Deutsch, Abstract: In a world of global finance, the cash flows are linked. So this applies also to the emerging Islamic financial institutions. Due to this background, I would like to dedicate myself to the important principle of Islamic finance, especially in Germany and Turkey. The Islamic finance is an alternative to conventional finance. The Islamic finance is open to the whole humanity. By theirs sparing and careful action the Islamic finance could claim his market interest and need in the global economy since its founding ́s in the 1970 ́s. The world population exists to approximately 23% of Muslims. By Not-serving this population group by conventional bank houses and there special needs, further rising of Islamic finance houses becomes likely. The economies in Islamic finance only allowed to trade and work with "halal" money. This means that the money from trade with forbidden substances is not "Helal”. As practical examples mostly alcohol, pork etc. are listed. But what is the concrete meaning of “Helal”? “Helal” means to be in line with ALLAH and his Kuran and to avoid “Haram” ways. The Islamic regulations gives corridors for which is economically spoken the frame for doing business. These “Helal”-frames are delivering corridors not only for economy, it is also valid for the Law regulation, society and government for a region, a nation, a continent and a global union? For the better understanding and the implementing in my working of “Islamic Finance” it is crucial to use only my knowledge of Islam and deflecting it on my economic research. The first critic; understands the pure regulations of “Helal” chained out of the Kuran, because understanding of this times descents and transforming on our current time and case is a highly responsible, complex topic. The second critic; there is no complete “Helal” system implemented for all areas of Life. If we look on the field of Law, we found the most developed area so far, but in my personal view, we have even here negative movements, mostly titled with the term “shariah”, which are leading humans on “Haram” ways. I want to analyze the question of "helal" to pursue operational and real field experiences within finance world.
| Author | : Zamir Iqbal |
| Publisher | : Wiley |
| Total Pages | : 0 |
| Release | : 2011-08-09 |
| Genre | : Business & Economics |
| ISBN | : 9780470828083 |
Download An Introduction to Islamic Finance Book in PDF, ePub and Kindle
The first book to offer comprehensive coverage of Islamic finance and banking and its applications to the rest of the world, now fully revised and updated The ongoing international financial crisis has reignited debate over the development of a risk-sharing financial system, such as that required in Shariah Law. An Introduction to Islamic Finance: Theory and Practice, Second Edition highlights the core principles of risk sharing in Islam, arguing that a risk-sharing financial system is exactly what we need to promote greater financial stability. Providing comprehensive coverage of the fundamental theory behind Islamic finance and banking, according to the core concepts of Shariah law, authors Zamir Iqbal and Abbas Mirakhor clearly explain the distinct features of an Islamic financial system and how it compares with traditional financial models. Addressing the myriad important developments that have taken place in recent years, this second edition looks to the future, addressing emerging issues sure to influence future developments in Islamic finance. Explores the unique features of an Islamic financial system, how they compare to more traditional financial systems, and how they could improve them Discusses all the most recent developments and emerging issues in Islamic finance Updated with the latest developments, trends, innovations, and statistics, this new edition features additional chapters on the financial crisis, globalization, non-bank financial institutions, and recent developments in Takaful (Islamic insurance) The first edition of An Introduction to Islamic Finance established the book as the market leader, and this newly revised and updated second edition incorporates the most recent developments in this booming financial sector, including financial stability, globalization, and non-banking financial institutions.
| Author | : Valentino Cattelan |
| Publisher | : Edward Elgar Publishing |
| Total Pages | : 260 |
| Release | : 2013-01-01 |
| Genre | : Business & Economics |
| ISBN | : 1781002517 |
Download Islamic Finance in Europe Book in PDF, ePub and Kindle
Highlighting the impact of current globalization on financial markets, this topical book challenges the universality of Western property rights and interprets Islamic finance in Europe as part of a plural financial system, where different conceptions of economic justice(s) co-exist and influence each other. The contributing authors analyse key economic development and social integration issues from an Islamic perspective and outline the European approach to accommodating Islamic finance, with particular regard to the peculiarities of individual nation-states. Set in this context, the book presents financial pluralism as a device to enhance a level playing field in the global marketplace, as well as to foster a plural open society. Providing a comprehensive and methodological guide to Islamic finance in Europe, this book will prove an illuminating and informative read for academics, students and policymakers with an interest in the impact on financial regulation of an increasingly globalized world.
| Author | : M. K. Hassan |
| Publisher | : Edward Elgar Publishing |
| Total Pages | : 359 |
| Release | : 2024-01-18 |
| Genre | : Business & Economics |
| ISBN | : 1035308703 |
Download Islamic Finance in Eurasia Book in PDF, ePub and Kindle
Providing a comprehensive account of the progress, potential and challenges facing Islamic finance in Eurasia, this prescient book explores Islamic finance’s history and development across the Asian and European continents and argues that in order for this market to continue to prosper, innovation and adaptation is a necessity.
| Author | : Mehmet Cosgun |
| Publisher | : GRIN Verlag |
| Total Pages | : 145 |
| Release | : 2014-11-25 |
| Genre | : Business & Economics |
| ISBN | : 3656845638 |
Download The Islamic Finance Book in PDF, ePub and Kindle
Doctoral Thesis / Dissertation from the year 2014 in the subject Economics - Finance, grade: Succesful Defense, Mendel University (Economics), course: International Management, language: English, abstract: This work analyzes whether in recent years Islamic financial developments apply globally, for example to Germany. The author is interested in the reality of Islamic finance and its potential existence in non-Muslim environments. In much of the extant literature, studies consider a theoretical model such as: “The stability of Islamic finance”. The authors in these studies tend to focus on global Islamic banks. In the present study, the Author wants to examine the situation for a specific non-Muslim country like Germany. The second focus is to find out whether there is a relationship between the number of Muslims in Germany and the need for Islamic financial products. A detailed view of market entry and critical key indicators are analysed. The current laws and their handling by Islamic banks will additionally be examined. To complete this research, a comparison with a country with more real market experiences in the field of Islamic finance, such as Turkey, will be undertaken. Are there certain Islamic, Jewish, Christian Practices and Aims for Business? With this background, starting from the year 2000, the author observed and investigated economics sources. Here, the concrete issue of Islamic finance became more and more compelling. The development of Islamic finance in recent decades is characterized by increasing, worldwide market share. With the most recent crisis of 2008, Islamic finance strengthened its global attention. This was due to profit increases throughout the period of crisis.
| Author | : Mr.Mumtaz Hussain |
| Publisher | : International Monetary Fund |
| Total Pages | : 35 |
| Release | : 2015-06-02 |
| Genre | : Business & Economics |
| ISBN | : 1513565621 |
Download An Overview of Islamic Finance Book in PDF, ePub and Kindle
Islamic finance has started to grow in international finance across the globe, with some concentration in few countries. Nearly 20 percent annual growth of Islamic finance in recent years seems to point to its resilience and broad appeal, partly owing to principles that govern Islamic financial activities, including equity, participation, and ownership. In theory, Islamic finance is resilient to shocks because of its emphasis on risk sharing, limits on excessive risk taking, and strong link to real activities. Empirical evidence on the stability of Islamic banks, however, is so far mixed. While these banks face similar risks as conventional banks do, they are also exposed to idiosyncratic risks, necessitating a tailoring of current risk management practices. The macroeconomic policy implications of the rapid expansion of Islamic finance are far reaching and need careful considerations.
