Islamic Finance Status Quo In The Light Of Financial Innovation:, Sukuk As A Model

2020 ◽  
pp. 933
Author(s):  
Assia Cherfi ◽  
Kamel Ameur
Keyword(s):  
Financial Innovation ◽  
Status Quo ◽  
Islamic Finance

scholarly journals EVOLUTION IN WAQF JURISPRUDENCE AND ISLAMIC FINANCIAL INNOVATION

2018 ◽  
Vol 4 (1) ◽  
pp. 161-182 ◽  
Author(s):  
Mohammad Abdullah
Keyword(s):  
Risk Mitigation ◽  
Financial Innovation ◽  
Evolutionary Process ◽  
Islamic Finance ◽  
Finance Industry ◽  
Financial Products ◽  
Current Scenario ◽  
Charitable Institution ◽  
Investment Tool ◽  
Compare And Contrast

This paper aims to analyse the evolutionary process in the jurisprudential structure of modern waqf (Islamic endowment) and underlines the scope of Islamic financial innovation through the mechanism of waqf. The paper proposes the innovative models of parallel waqf, waqf-based social and financial instruments, waqf-based ṣukūk, micro-takāful, and waqf-based commodity bank. The research adopts the qualitative approach and employs socio-legal research methodology for the analysis. The paper relies on desk-based research. Compared to the classical structure of waqf which was confined within the domain of a perpetual charitable institution, this paper finds that modern waqf has ushered in several new dimensions into its fold. Modern waqf is in the process of re-evolution. Waqf, in the current scenario, has evolved into a financial product, a property-conveyance tool, an instrument of contract, an investment tool, a risk mitigation mechanism and an incorporated entity. The scope of this paper is limited to analysing the jurisprudential evolution of waqf and its impact on the Islamic finance industry. It does not seek to discuss the overall role or impact of waqf on the society as a whole. This paper also does not endeavor to compare and contrast the mechanism and modalities of other philanthropic institutions vis-ā-vis waqf. This paper examines the jurisprudential underpinnings of waqf and their implications and applicability to the Islamic finance industry. The paper draws on the process of how the mechanism of waqf has already been employed to develop various innovative Islamic financial products and how this process can be a catalyst for further innovation in the Islamic finance industry. The main contribution of the paper is encapsulated in the analysis of how the jurisprudential structure of the modern waqf has been evolving in the last few decades to accommodate the modern needs of Islamic finance. It further enumerates a few innovative Islamic financial products which can be developed by exploiting the available flexibility in the evolved version of modern waqf.

scholarly journals The Role of Skills in Islamic Financial Innovation: Evidence from Bahrain and Malaysia

2020 ◽  
Vol 6 (3) ◽  
pp. 47 ◽  
Author(s):  
Jessie Poon ◽  
Yew Wah Chow ◽  
Michael Ewers ◽  
Razli Ramli
Keyword(s):  
Continuous Improvement ◽  
Financial Institutions ◽  
Service Innovation ◽  
Financial Innovation ◽  
Technical Skill ◽  
Islamic Finance ◽  
Islamic Financial Institutions ◽  
Negative Effect ◽  
The Relationship

A body of work has emerged that examines human capital from the perspective of skills to better understand the types of expertise that influence innovation. The relationship between skill and financial innovation, however, is poorly understood in the context of Islamic financial institutions (IFIs). IFIs are distinct from their conventional counterparts by their compliance with Shariah law. Based on a survey of IFIs in Bahrain and Malaysia, this paper examines the effect of different skills on IFI innovation. The findings indicate that while skill in Islamic finance positively influences innovation, skill in Shariah law does not. Cognitive-technical skill is also highly significant, but marketing skill has a negative effect. The results suggest that Islamic financial innovation relies on continuous improvement that sustains markets, product and service innovation. Sustaining innovation lends itself to abilities that are oriented towards problem solving and computation of Shariah and business risks. This favors skills of programming and expertise in Islamic finance over marketing and Shariah legal proficiency.

scholarly journals Financial Innovation on Zakat Distribution and Economic Growth

2019 ◽  
Author(s):  
Ummu Salma Al Azizah ◽  
Muhammad Choirin
Keyword(s):  
Economic Growth ◽  
Labor Force ◽  
Poverty Alleviation ◽  
Positive Impact ◽  
Financial Innovation ◽  
Islamic Finance ◽  
Market Segment ◽  
Deep Well ◽  
Speed Up

We investigate that the technological determinants and Islamic finance encouraging to speed up economic growth and poverty alleviation. We find that countries evidence more fintech startup formations when latest technology is readily available, zakat institutions are deep well developed. And also people which are touching with internet subscriptions. Furthermore, the available labor force has a positive impact on this new market segment through economic acceleration. Finally, the more usable fintech in collection and distribution zakat, the faster the development of country.  Overall, the evidence suggests that fintech set off the formation need not be left to chance, but active policies can affect this new market emerge.

Terra incognita Hausarztpraxis – Tabakentwöhnung in der deutschen Primärversorgung

2014 ◽  
Vol 60 (3) ◽  
pp. 175-187 ◽  
Author(s):  
Sven Schneider ◽  
Katharina Diehl ◽  
Christina Bock ◽  
Raphael M. Herr ◽  
Manfred Mayer ◽  
...  
Keyword(s):  
Status Quo ◽  
Expert Review ◽  
Terra Incognita

Zielsetzung: Die Hausarztpraxis gilt als ideales Setting für die Tabakentwöhnung. Die bundesweite „ÄSP-kardio-Studie“ liefert aktuelle Daten zum Status quo der Tabakentwöhnung nach der „5 A-Strategie“ in deutschen Hausarztpraxen. Methodik: Zwischen 10/2011 und 03/2012 wurden über 4.000 Hausärzte repräsentativ befragt. Der Fragebogen wurde vorab einem Expert Review unterzogen, durch kognitive Interviews validiert und in einer Pilotstudie getestet. Ergebnisse: Routinemäßig erfassten 89 % der Hausärzte etwaigen Tabakkonsum („Assess“), 82 % rieten Rauchern zu einem Rauchstopp („Advise“) und 12 % vereinbarten schriftliche Ziele einer Entwöhnung („Agree“). Hilfestellungen („Assist“) in Form einer Kurzintervention fanden mit 72 % deutlich häufiger statt als in Form von Informationsmaterial (33 %) oder einer Entwöhnungstherapie (27 %). Etwa die Hälfte (54 %) vereinbarte Folgetermine zur Überprüfung des Rauchstopps („Arrange“). Das Angebot war von arzt-, praxis- sowie patientenspezifischen Faktoren abhängig und in den nordöstlichen Bundesländern unterdurchschnittlich. Acht von 10 Hausärzten (77 %) bewerteten ihre Maßnahmen als nicht erfolgreich. Schlussfolgerungen: Deutlich wird die suboptimale und ungleich verteilte Versorgung von Rauchern mit angemessenen Entwöhnungsmaßnahmen in deutschen Hausarztpraxen.

ADHS im Kindesalter: ätiologische und therapeutische Ansätze mit dem Schwerpunkt der Bildgebung

2012 ◽  
Vol 23 (4) ◽  
pp. 193-203 ◽  
Author(s):  
Elisabeth Steinmann ◽  
Michael Siniatchkin ◽  
Franz Petermann ◽  
Wolf-Dieter Gerber
Keyword(s):  
Status Quo

Die Aufmerksamkeitsdefizit-/Hyperaktivitätsstörung (ADHS) zählt zu den häufigsten psychischen Störungen im Kindesalter. Ziel ist es, den Status Quo der Ätiologie hinsichtlich genetischer, neurobiologischer und neuropsychologischer Faktoren zu beschreiben. Es werden die derzeit anerkannten Therapiemethoden in der Behandlung der ADHS sowie ihre Wirksamkeit vorgestellt. Moderne Bildgebungsmethoden (z. B. MRT; fMRT) bieten die Möglichkeit, nichtinvasiv spezifische Aussagen über anatomische und funktionelle Änderungen zutreffen. Untersuchungen mit Hilfe dieser bildgebenden Verfahren stehen deswegen im Fokus der hier zitierten Ätiologie- und Therapieforschung. Abschließend folgt ein kurzer Ausblick auf mögliche Zukunftsfragen.

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