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 | : diplom.de |
| Total Pages | : 199 |
| 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 | : Mehmet Cosgun |
| Publisher | : |
| Total Pages | : 144 |
| Release | : 2014-11-25 |
| Genre | : |
| ISBN | : 9783656845645 |
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 | : 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 | : 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 | : 34 |
| Release | : 2014-09-02 |
| Genre | : Business & Economics |
| ISBN | : 3656732906 |
Download Is an "interestFree" Bank sustainable and competitive? Book in PDF, ePub and Kindle
Research Paper (postgraduate) from the year 2014 in the subject Economics - Finance, Mendel University, course: PhD., Economics and 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.
| Author | : M. Fahim Khan |
| Publisher | : Edward Elgar Publishing |
| Total Pages | : 253 |
| Release | : 2010-01-01 |
| Genre | : Business & Economics |
| ISBN | : 1849803412 |
Download Islamic Banking and Finance in the European Union Book in PDF, ePub and Kindle
As an introduction to the complex issue of harmonization of legal and regulatory structure of the European financial system and Islamic finance, this is a useful and welcome volume. The ideas, insights and practical issues addressed in the informed papers that compose the book should be valuable for academics and students of finance, and to those who provide legal and financial services. The book will be helpful also to European regulators who have yet to appreciate the importance of Islamic finance and its potential contribution to financial globalization as well as to European economic growth. Abbas Mirakhor, Former Executive Director, International Monetary Fund, US This timely book examines the authorization of Shari ah-compliant intermediaries as either credit institutions or as investment companies in the European Union. The contributing authors explore the key topics of this area through differing yet parallel perspectives for example, comparing economic and legal standpoints, looking at both European and national levels and considering both academic and technical approaches. The book discusses the common origin of Islamic and Western traditions in commercial and banking transactions, reviewing a period in which the Italian merchants and their organizations drove the rebirth of post-medieval society in trade and law. The editors investigate whether the Islamic banking and financial model complies with the European framework, spelling out the different experiences in single Member States (Germany, France, Italy, and the United Kingdom). Notwithstanding the obstacles to being authorized as domestic credit institutions, they conclude that the access of Islamic intermediaries is suitable and may have positive effects on European integration, as well as increasing the competition among the stand-still operators and evoking the ethical dimension of banking and finance. The book also highlights how Islamic banking would make the industry more inclusive. This multidisciplinary book will appeal greatly to economics and legal scholars with an interest in European and international banking and financial law, as well as postgraduate students in international law and banking law. Practitioners and regulators will also find this book an invaluable resource.
| 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.
| Author | : Suren Basov |
| Publisher | : Springer |
| Total Pages | : 172 |
| Release | : 2016-12-01 |
| Genre | : Business & Economics |
| ISBN | : 1137286628 |
Download Islamic Finance in the Light of Modern Economic Theory Book in PDF, ePub and Kindle
This book provides researchers and students with an understanding of the basic legal tenets of the Islamic finance industry, studying the real economic effects of those tenets using the tools of the modern economic theory. Split into four parts, the book begins with an introduction to the history and a legal framework for Islamic banking, covering typical Islamic financial products such as Sukuk and Takaful and examining the structure of Islamic financial institutions. It then analyzes and discusses the Miller-Modigliani Theorem, which is of direct relevance to Islamic banks which are prohibited to charge interest and often have to rely of profit-loss sharing agreements. Part III of the book introduces the reader to modern mechanism design theory, paying particular attention to optimal contracting under hidden action and hidden information, and final part of the book applies the tools of economic theory to understand performance of Islamic financial institutions such as Islamic banks and Takaful operators. Islamic Finance in Light of Modern Economic Theory brings together all the necessary technical tools for analyzing the economic effects of Islamic frameworks and can be used as an advanced textbook for graduate students who wish to specialize in the area, as a reference for researchers and as a tool to help economists improve the design of Islamic financial institutions.
| Author | : Sam Adelman |
| Publisher | : Routledge |
| Total Pages | : 258 |
| Release | : 2022-04-27 |
| Genre | : Law |
| ISBN | : 1351427482 |
Download Beyond Law and Development Book in PDF, ePub and Kindle
The book highlights new imaginaries required to transcend traditional approaches to law and development. The authors focus on injustices and harms to people and the environment, and confront global injustices involving impoverishment, patriarchy, forced migration, global pandemics and intellectual rights in traditional medicine resulting from maldevelopment, bad governance and aftermaths of colonialism. New imaginaries emphasise deconstruction of fashionable myths of law, development, human rights, governance and post-coloniality to focus on communal and feminist relationality, non-western legal systems, personal responsibility for justice and forms of resistance to injustices. The book will be of interest to students and scholars of development, law and development, feminism, international law, environmental law, governance, politics, international relations, social justice and activism.
