Essential Perspectives in Islamic Economics and Finance

Preface

1. Essential Perspectives in Islamic Economics and Finance: An Introduction
– Haniza Khalid, Mohd Nizam Barom and Nasim Shah Shirazi

Part I: Islamic Economic Methodology

2. Preliminary Thoughts on Diagnosing Some Methodological Issues in Developing Islamic Economics
– Mohamed Aslam Haneef

3. Logical Positivism and Islamic Economics
– Asad Zaman

Part II: Islamic Economic Concepts

4. A Comparison of Islamic and Capitalist Conception of Islamic Justice
– Omar Javaid and Mehboob Ul Hassan

5. Sustainable Islamic Development: Recognizing the Primacy of Trust, Iman and Institutions
– Nazim Zaman

6. Conceptualizing a Strategic Framework of Social Responsibility in Islamic Economics
– Mohd Nizam Barom

Part III: Islamic Economic Policy

7. Fiscal and Monetary Policies in Islamic Economics: Contours of an Institutional Framework
– Sayyid Tahir

8. Riba, Profit Rate, Islamic Rate, and Market Equilibrium
– Mohammed Yusoff

9. Inflation and Monetary Policy in an Islamic Financial System: Empirical Relationships Among Money, Output and Consumer Prices in Nine Muslim-Majority Countries
– Akhand Akhtar Hossain

10. Monetary Systems, Sustainable Growth and Inclusive Economic Development
– Edo Omerčević

Part IV: Islamic Banking Operation

11. Conceptualizing Illusion: Theoretical Illustration of Truth and False in Epistemological Methodology Followed in Islamic Finance
– Mohammad Bin Abdul Rahim Alsaghir

12. Towards an Integrated Theory of al-Maqasid: The UM-HI Framework and Its Application in Islamic Banking and Finance
– Mustafa Omar Mohammed

13. Qard Hasan: Its Shariah Rules and Applications in Islamic Finance
– Syed Faiq Najeeb and Ahcene Lahsasna

Part V: Islamic Capital Market

14. Screening Strategies for Social Responsibility Concern in Islamic Equity Investment
– Mohd Nizam Barom

15. Sukuk Market Development and Behaviour in Times of Crisis
– Maya Puspa Abd Rahman, Mohd Azmi Omar and Salina Kassim

16. Applications of Shariah compliant derivatives for Hedging Exchange Rate Risks in Islamic Finance
– Zaharuddin Abd Rahman

Part VI: Zakat and Waqf

17. Integrating Zakat and Waqf into the Poverty Reduction Strategy of the IDB Member Countries
– Nasim Shah Shirazi

18. Issues and Challenges in Enhancing the Efficiency of Waqf Institutions: The Case of Selected Waqf Institutions in Malaysia
– Norma Md Saad, Salina Kassim and Zarinah Hamid

19. Corporate Waqf and its Role in Financing Different Needs: Case Studies in Turkey, India, Pakistan and Malaysia
– Magda Ismail Abdel Mohsin