PUBLICATIONS - FIQH - ISRA - new titles

New titles :

Reshaping the Islamic Finance Industry Applying the Lessons Learnt from the Global Financial Crisis (No 11/2010) - Rafe Haneef, Research Fellow, ISRA & Edib Smolo, Researcher, ISRA

The Issue of sequence and Pre-Signingin Contract Execution : A Comparison of Shari'ah Rules and Current Practice (No 12/2010) - Assoc. Prof. Dr. Asmadi Mohamed Naim, Islamic Finance and Banking Unit, College of Business, Universiti Utara Malaysia (UUM)

Can Bursa Malaysia’s Suq al-Sila’ (Commodity Murabahah House) Resolve the Controversy over Tawarruq? (No 10/2010) - Assoc. Prof. Dr. Asyraf Wajdi Dusuki, Head of Research Affairs Department, ISRA

PUBLICATIONS - FIQH - ISRA - Paper - The Concept and Operations of Swap as a Hedging Mechanism for Islamic Financial Institutions (No 14/2010)

The Concept and Operations of Swap as a Hedging Mechanism for Islamic Financial Institutions - ISRA Research Paper (No. 14/2010) 

Assoc. Prof. Dr. Asyraf Wajdi Dusuki, Head of Research Affairs Department, ISRA 

The paper discusses the concept and operations of the swap instrument as a hedging mechanism in the Islamic financial system.  The main objective of this paper is to give a clearer picture of the swap mechanism as offered by the international Islamic financial institutions and how its operations are structured in accordance with Shariah principles and contracts. 

BANKING - TAWARRUQ - Tawarruq in Islamic banking is usury: IDB - ongoing controversy

Islamic banks which enforce Tawarruq in their financial and investment operations are involved in usury, which is prohibited in Islam, a senior scholar from the Islamic Development Bank (IDB) has said.

Sheikh Mohammed Mukhtar Al Salami, Head of the Sharia (Islamic) Panel in the Jeddah-based IDB, said many Islamic banks have been involved in such an investment tool in the Islamic banking industry.

VIDEO - LECTURE - Bilal Philips on Fiqh / Jurisprudence

Youtube :

Bilal Philips on Fiqh / Jurisprudence (5/5 parts)

VIDEO - LECTURE - Mufti Taqi Usmani on Fiqh Academy and AAOIFI

Youtube
 
Mufti Taqi Usmani explains the constitution and working of the Islamic Fiqh Academy–of which he is vice-chairman–and the Shariah Council of AAOIFI–of which he is chairman.

He explains the method of issuing fatwas and of drafting Shariah standards on auditing and accounting.
Mufti Taqi goes on to name the leading scholars in the field of Islamic Finance today.

Recorded at a training course on Islamic Finance conducted at the Centre for Islamic Economics, Bait al-Mukarram Masjid, Karachi, in conjunction with 1st Ethical.

ISLAMIC LAW - Tawarruq: Shariah Risk or Banking Conundrum?

www.opalesque.com

Tawarruq: Shariah Risk or Banking Conundrum? Nikan Firoozye, Ph.D

Source : http://www.opalesque.com/OIFI12/Featured_Structure_Tawarruq_Shariah_Risk_or_Banking679.html - July 3, 2009