Money, You & Islam
Title: Money, You & Islam
Sub-Title: Views on contemporary financial and Islamic banking issues
Description:
This book generally explains and clarifies current issues and questions regarding finance, banking and monetary transactions from the Islamic perspective.
About The Author:
Zaharuddin Abd Rahman has vast experience in Syariah, finance and Islamic banking. He currently works as a lecturer in International Islamic University Malaysia in the Kulliyyah of Economics and Management Sciences. He is also a Syariah Consultant for a number of local financial institutions.
Previously, he worked as the Head of Syariah in Asian Finance Bank Berhad, Manager of Product Development in RHB Islamic Bank Berhad and Syariah Executive in Ingress Corporation Berhad.
He holds a Degree in Usuluddin from Universiti Malaya and Masters (MA) in Fiqh from Al-Yarmouk University, Jordan.
Contents:
Chapter 1 Reasons for learning about lawful and unlawful matters in finance
Part One: The evidences
Part Two: Zuhd and the misunderstandings
Chapter 2 Introduction to the fiqh of mu’amalat (jurisprudence of transactions)
Part One: Fundamental principles of fiqh mu’amalat
Part Two: Contracts of Islamic Mu’amalat
Part Three: Pillars and conditions of trading in Islam
Chapter 3 Unlawful (haram) elements in finance
Chapter 4 Riba and its rulings
Part One: Definition of riba
Part Two: Forms of riba
Part Three: The ruling of riba in Islam
Part Four: Riba and its contemporary structures
1. Riba In Loan
2. Riba in Savings Account and Fixed Deposit Account
3. Riba in Credit Cards
4. Riba in Conventional Insurance
5. Riba in the Trading of Gold and Silver Jewellery
Chapter 5 Gharar and gambling
Part One: Definition of gharar and evidence of its prohibition
Part Two: Types of gharar and their venues
Part Three: Gharar and gambling in the current forms
Chapter 6 The differences between Islamic banking and conventional banking
Part One: Islamic banking and its conformity with the Syariah ruling
Part Two: The duty of the Syariah Advisory Council
Part Three: Halal authorization process of Islamic banking and takaful
Part Four: Islamic banking products
Part Five: Examples and forms of Islamic finance products
Part Six: Takaful products (Islamic insurance)
Chapter 7 Prohibited elements in businesses & present careers
Part One: Career as a lawyer & marketing executive for riba-based financial products
Part Two: Cheating in earning wealth
Part Three: Bribery and its implications
Chapter 8 Banking and takaful issues
Part One: Doubtful and mixed capital of Islamic banks and takaful operators
Part Two: Is Islamic banking costly and merciless?
Part Three: Syariah advisory and conflict of interest
Part Four: Unquestioningly accepting the halal or Islamic logo
Part Five: Change the statement of the ‘aqd to make the riba permitted
Part Six: Loans for employees
Part Seven: Administrative charges for loans
Part Eight: Penalty for late payment at an Islamic bank is similar to a conventional bank
Part Nine: Asset ownership status before sales
Part Ten: Acquiring an auctioned asset
Part Eleven: Stalled housing development: Is it appropriate for Islamic banks to claim payment?
Part Twelve: Does the dharurat (necessity) concept apply when an Islamic bank rejects an application?
Part Thirteen: Rulings on debt trading in Syariah
Part Fourteen: Islamic pawnbroking in Malaysia
Chapter 9 Forbidden wealth and how to manage it
Part One: Method of disposal
Part Two: Giving alms from forbidden wealth
Part Three: Using forbidden wealth to build mosques
Part Four: Is zakat the only way to cleanse forbidden wealth?
Part Five: Ways to dispose returns from forbidden investment
Chapter 10 Debt from the Islamic perspective
Chapter 11 Syariah issues in multi level marketing
Part One: Definition of MLM
Part Two: The ‘Ustaz’ and multi level marketing
Part Three: A number of Syariah issues in MLM
Part Four: Minimum level of Syariah compliance for MLMs
Part Five: What is an alternative Syariah compliant MLM scheme?
Part Six: Fatwa by the Indonesian Fiqh Council regarding MLM157
Chapter 12 Current financial and investment issues
Part One: Swiss Cash Investment
Part Two: Abb Fund, Eaindex, Winlifund & Arabic Fund: A case study
Part Three: Investing in Iraqi Dinar
Part Four: Malaysian Employee’s Provident Fund (EPF)
Part Five: Share Trading and Syariah Rulings
Part Six: Transacting with a Jewish company: eating, buying and selling
Part Seven: Public sector employees’ salary
Part Eight: Invitation from neighbors that prepare food from haram sources
Part Nine: Relationship between corporate leaders, Islamic banks
Ending
Appendix
