Pub Date : 2022-06-27DOI: 10.55188/ijifarabic.v13i1.241
Abdalla M. Al-Badarin
The study aimed to explain the reality of subsequent Sharia supervision in Jordanian Islamic banks, its problems, the requirements for its activation, and present the necessary proposals for its development and activation. The study relied on the descriptive, inductive and deductive approach. The study found that there are problems that impede the activation of subsequent censorship. It also concluded that the Sharia audit, which does not enjoy high independence, carries out subsequent oversight tasks, given the inability of the Sharia Supervisory Board to perform this role Due to insufficient time and human resources. The study presented a proposal to activate the subsequent Sharia oversight, which is based on the complete independence of Sharia supervision through the establishment of a central Sharia control that is provided with all the requirements for doing the work.
{"title":"Activating the subsequent Sharia supervision in the Jordanian Islamic banks","authors":"Abdalla M. Al-Badarin","doi":"10.55188/ijifarabic.v13i1.241","DOIUrl":"https://doi.org/10.55188/ijifarabic.v13i1.241","url":null,"abstract":"The study aimed to explain the reality of subsequent Sharia supervision in Jordanian Islamic banks, its problems, the requirements for its activation, and present the necessary proposals for its development and activation. The study relied on the descriptive, inductive and deductive approach. The study found that there are problems that impede the activation of subsequent censorship. It also concluded that the Sharia audit, which does not enjoy high independence, carries out subsequent oversight tasks, given the inability of the Sharia Supervisory Board to perform this role Due to insufficient time and human resources. The study presented a proposal to activate the subsequent Sharia oversight, which is based on the complete independence of Sharia supervision through the establishment of a central Sharia control that is provided with all the requirements for doing the work.","PeriodicalId":322283,"journal":{"name":"مجلة إسرا الدولية للمالية الإسلامية","volume":"6 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-06-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126312004","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-06-27DOI: 10.55188/ijifarabic.v11i2.250
Ahmad Hisham Alnajjar, Asmuliadi Lubis, Mohd Rizal Muwazir
Financial technology with its divisions and tools is considered one of the fastest economic catalysts in the financial industry, being the main window for innovation and the provision of advanced financial services, Despite the major transformations that have taken place over the decades due to changes in technological systems, economic and political legislation and even geography, many authors have pointed to the birth of a new era of financial services, which will be radically reflected in the financial industry as a whole. Because of the importance of the topic and how new it is for the banking sector, attracting the attention of financial and economic bodies and financial and business leaders in addition to its association to the technology sector, cybersecurity and information network, it was necessary to identify the term financial technology (fintech) and clarify its origin and purpose and track its origin and development and show its relationship to the successive technological revolutions. The research concluded that the sequential and successive developments of each of the industrial revolutions as well as the changes in their biological, physical and digital engines confirm the fact that a new generation of technology will lead to sweeping changes in the nature and future of many sectors including the financial and banking sectors. The digital technological catalyst of the Fourth Industrial Revolution can be considered the main basis for the emergence of new tools, technologies and entities, collectively called financial technology. The term financing technology and financial technology have to be differentiated, as financing technology is part of the fbusiness models of financial technology and returns to them.
{"title":"Differentiation, delineation, and terminological commonalities in financial technology","authors":"Ahmad Hisham Alnajjar, Asmuliadi Lubis, Mohd Rizal Muwazir","doi":"10.55188/ijifarabic.v11i2.250","DOIUrl":"https://doi.org/10.55188/ijifarabic.v11i2.250","url":null,"abstract":"Financial technology with its divisions and tools is considered one of the fastest economic catalysts in the financial industry, being the main window for innovation and the provision of advanced financial services, Despite the major transformations that have taken place over the decades due to changes in technological systems, economic and political legislation and even geography, many authors have pointed to the birth of a new era of financial services, which will be radically reflected in the financial industry as a whole. Because of the importance of the topic and how new it is for the banking sector, attracting the attention of financial and economic bodies and financial and business leaders in addition to its association to the technology sector, cybersecurity and information network, it was necessary to identify the term financial technology (fintech) and clarify its origin and purpose and track its origin and development and show its relationship to the successive technological revolutions. The research concluded that the sequential and successive developments of each of the industrial revolutions as well as the changes in their biological, physical and digital engines confirm the fact that a new generation of technology will lead to sweeping changes in the nature and future of many sectors including the financial and banking sectors. The digital technological catalyst of the Fourth Industrial Revolution can be considered the main basis for the emergence of new tools, technologies and entities, collectively called financial technology. The term financing technology and financial technology have to be differentiated, as financing technology is part of the fbusiness models of financial technology and returns to them.","PeriodicalId":322283,"journal":{"name":"مجلة إسرا الدولية للمالية الإسلامية","volume":"600 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-06-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131612678","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-06-27DOI: 10.55188/ijifarabic.v11i1.254
Salah Bouchelaghem
Money has been considered the sinew of the economy and the medium of exchange throughout the ages. Money consisted of gold and silver coins in the first Islamic era; however, in our contemporary reality it has taken on completely different forms having no connection to gold or silver. This has generated many problems in categorizing these forms as money to which the legal rulings of the Qur’an and Sunnah, as well as the jurisprudence of former jurists, apply. This research aims to track the most important of these problems in order to facilitate understanding of them. It adopts inductive, analytical and critical methods to do so. The research reached a number of results, the most important of which is that the unqualified application of Shariah provisions that were established for gold and silver to paper currencies and other forms of money deviates from the accurate application (taḥqīq al-manāṭ) of the legal texts. Moreover, it deviates from the objectives of the Shariah regarding justice in wealth and prevention of its wrongful consumption. It is, thus, necessary to review the previous jurisprudential rulings in order to restore gold as a measure of value and a medium of exchange. The emergence of virtual currencies and the current global situation can be used to achieve this.
{"title":"The Monetary Status of Paper Currency: The Jurisprudential Problem and the Future Alternative","authors":"Salah Bouchelaghem","doi":"10.55188/ijifarabic.v11i1.254","DOIUrl":"https://doi.org/10.55188/ijifarabic.v11i1.254","url":null,"abstract":"Money has been considered the sinew of the economy and the medium of exchange throughout the ages. Money consisted of gold and silver coins in the first Islamic era; however, in our contemporary reality it has taken on completely different forms having no connection to gold or silver. This has generated many problems in categorizing these forms as money to which the legal rulings of the Qur’an and Sunnah, as well as the jurisprudence of former jurists, apply. This research aims to track the most important of these problems in order to facilitate understanding of them. It adopts inductive, analytical and critical methods to do so. The research reached a number of results, the most important of which is that the unqualified application of Shariah provisions that were established for gold and silver to paper currencies and other forms of money deviates from the accurate application (taḥqīq al-manāṭ) of the legal texts. Moreover, it deviates from the objectives of the Shariah regarding justice in wealth and prevention of its wrongful consumption. It is, thus, necessary to review the previous jurisprudential rulings in order to restore gold as a measure of value and a medium of exchange. The emergence of virtual currencies and the current global situation can be used to achieve this.","PeriodicalId":322283,"journal":{"name":"مجلة إسرا الدولية للمالية الإسلامية","volume":"38 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-06-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131558958","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-06-27DOI: 10.55188/ijifarabic.v13i1.240
Waleed Mansour
This paper proposes an Islamic financing product based on increased participation through the incorporation of recurring mutual promises. The product is based on three-tier increasing musharakah (partnership). In the primary stage, it brings together the entrepreneur and the Islamic bank. In the next stage, a third party, which we call the 'participative hedger', enters into the partnership relationship. The contractual relationship is characterized at the initial stage by studying the characteristics of the project and defining the contractual terms related mainly to the participative hedger's role of injecting funds to cover loss ‒ whenever it exists ‒ according to recurring mutual promises. In return for this undertaking, the participatory hedger gains a share in the profit and loss in a dynamic manner as a third participant in the capital immediately after the first injection, and he repeatedly commits to covering the risk of financial flows. This financial structuring constitutes a different way of applying the principle of profit-and-loss sharing, which Islamic banks have been relatively unsuccessful in developing products based upon.
{"title":"Increasing Musharakah through Repetitive Mutual Promises and Participatory Hedging","authors":"Waleed Mansour","doi":"10.55188/ijifarabic.v13i1.240","DOIUrl":"https://doi.org/10.55188/ijifarabic.v13i1.240","url":null,"abstract":"This paper proposes an Islamic financing product based on increased participation through the incorporation of recurring mutual promises. The product is based on three-tier increasing musharakah (partnership). In the primary stage, it brings together the entrepreneur and the Islamic bank. In the next stage, a third party, which we call the 'participative hedger', enters into the partnership relationship. The contractual relationship is characterized at the initial stage by studying the characteristics of the project and defining the contractual terms related mainly to the participative hedger's role of injecting funds to cover loss ‒ whenever it exists ‒ according to recurring mutual promises. In return for this undertaking, the participatory hedger gains a share in the profit and loss in a dynamic manner as a third participant in the capital immediately after the first injection, and he repeatedly commits to covering the risk of financial flows. This financial structuring constitutes a different way of applying the principle of profit-and-loss sharing, which Islamic banks have been relatively unsuccessful in developing products based upon.","PeriodicalId":322283,"journal":{"name":"مجلة إسرا الدولية للمالية الإسلامية","volume":"30 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-06-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133464090","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-06-27DOI: 10.55188/ijifarabic.v13i1.242
Baghdad Banine, Ibrahim Gaid, Houweidi Abdel-Basit
This research aims to discern the effectiveness of cash waqf in modernizing and improving the performance of charitable institutions through the establishment of small, supported projects for the economic empowerment of disadvantaged families. These basic support mechanisms were employed in two pioneering experiments in Algeria: Ethar Productive Family and Bab Rizk Project. Both experiments relied on one type of project financing source: cash waqf. The nature of this source is to maintain the capital while utilizing its benefits for charitable purposes. Despite the recent initiation of the two projects, the results of the study demonstrate how effective cash waqf is in improving the performance of charitable institutions through projects for the economic empowerment of the families receiving sponsorship. It changes their behavior from dependent families to productive ones with an independent income who contribute to the development of the national economy. The two experiments also make use of the society’s capabilities in the form of professional experts and academics in many disciplines by getting them involved in volunteer work. It has led to the modernization of the performance of charitable institutions from their traditional role as mediators between the benefactor and the recipient of philanthropy to a modern performance represented in the process of mediation, training, innovation and ongoing support for projects that provide sustainable income for the recipients of philanthropy.
{"title":"Cash Waqf as a Mechanism to Modernize the Performance of Charitable Institutions: The Experience of Disadvantaged Families in Algeria","authors":"Baghdad Banine, Ibrahim Gaid, Houweidi Abdel-Basit","doi":"10.55188/ijifarabic.v13i1.242","DOIUrl":"https://doi.org/10.55188/ijifarabic.v13i1.242","url":null,"abstract":"This research aims to discern the effectiveness of cash waqf in modernizing and improving the performance of charitable institutions through the establishment of small, supported projects for the economic empowerment of disadvantaged families. These basic support mechanisms were employed in two pioneering experiments in Algeria: Ethar Productive Family and Bab Rizk Project. Both experiments relied on one type of project financing source: cash waqf. The nature of this source is to maintain the capital while utilizing its benefits for charitable purposes. Despite the recent initiation of the two projects, the results of the study demonstrate how effective cash waqf is in improving the performance of charitable institutions through projects for the economic empowerment of the families receiving sponsorship. It changes their behavior from dependent families to productive ones with an independent income who contribute to the development of the national economy. The two experiments also make use of the society’s capabilities in the form of professional experts and academics in many disciplines by getting them involved in volunteer work. It has led to the modernization of the performance of charitable institutions from their traditional role as mediators between the benefactor and the recipient of philanthropy to a modern performance represented in the process of mediation, training, innovation and ongoing support for projects that provide sustainable income for the recipients of philanthropy.","PeriodicalId":322283,"journal":{"name":"مجلة إسرا الدولية للمالية الإسلامية","volume":"21 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-06-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127775945","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-12-15DOI: 10.55188/ijifarabic.v12i2.74
Ihsane Bouberima, Hamza Chaker
Many economic researchers and economic policy-makers are discussing an upcoming global financial crisis that will result in a long-term economic recession due to the accumulation of global debt that has reached record levels. However, the truth is that the crisis is still far from our economic reality because the debt crisis has been addressed in a number of countries since the crisis of the 1980s by the rescheduling and write-offs of debts, international cooperation, and other measures. Also, the United States is still able to manage its debts as long as the dollar is the global reserve currency, and it cannot easily be abandoned as such. In addition, the International Monetary Fund is prepared to manage debts and financial crises while at the same time monitoring economic indicators. It provides the necessary international liquidity to achieve global monetary and economic stability.
{"title":"The Buildup of Global Debt and the Emergence of a New Global Financial Crisis","authors":"Ihsane Bouberima, Hamza Chaker","doi":"10.55188/ijifarabic.v12i2.74","DOIUrl":"https://doi.org/10.55188/ijifarabic.v12i2.74","url":null,"abstract":"Many economic researchers and economic policy-makers are discussing an upcoming global financial crisis that will result in a long-term economic recession due to the accumulation of global debt that has reached record levels. However, the truth is that the crisis is still far from our economic reality because the debt crisis has been addressed in a number of countries since the crisis of the 1980s by the rescheduling and write-offs of debts, international cooperation, and other measures. Also, the United States is still able to manage its debts as long as the dollar is the global reserve currency, and it cannot easily be abandoned as such. In addition, the International Monetary Fund is prepared to manage debts and financial crises while at the same time monitoring economic indicators. It provides the necessary international liquidity to achieve global monetary and economic stability.","PeriodicalId":322283,"journal":{"name":"مجلة إسرا الدولية للمالية الإسلامية","volume":"96 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-12-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129901880","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-12-15DOI: 10.55188/ijifarabic.v12i2.60
عبد القادر زيتوني
عُنيت هذه الدراسة بقراءة في مُقومّات الصّكوك الإسلاميّة الاستثماريّة بحثاً فيها عمّا يؤثر في تفعيل دور المصارف الإسلاميّة وترقيته في دعم السّلوك "الادّخاري الاستثماري" لدى الأفراد. وبعد عرضٍ مُختصرٍ للمُراد بسلوك الأفراد "الادّخاري-الاستثماري"، وبيانٍ لمسؤولية المصارف الإسلاميّة في بعثه وتفعيله ولسُبل تجسيدها، وتشخيصٍ سريعٍ لواقع تبنّي الأفراد ذلك السّلوك في إيداعاتهم لدى عيّنة مُختارة من المصارف الإسلاميّة، ووقوفٍ من ثمَّ على أهمِّ الحوافز التي تستوعبها الصّكوك الإسلاميّة والتي تحمل الفرد على مُمارسة النّشاط الادّخاري وتدعم جهُود المصرفية الإسلاميّة، ودراسة ميدانيّة تقييميّة لأثر إصدارات الصّكوك التي قامت بها المصارف الإسلاميّة محل الدراسة على سلوك الأفراد "الادّخاري-الاستثماري"، تبيّن أن التعامل في الصّكوك إصداراً واكتتاباً يُسهم بشكلٍ فاعل في ترقية دور المصارف الإسلامية في دعم السّلوك "الادّخاري-الاستثماري" لدى الأفراد، وذلك لاستيعابها جُملة من الحوافز الدّاعمة لرغبة الفرد الادّخارية كتملّك الأصُول وقابلية التسييل، وملاءمة الحجم والفترة، والمحافظة على رأس المال، فضلاً عن سهُولة الاستثمار وارتفاع العائد.
{"title":"نحو استثمار مقوّمات الصّكوك الإسلاميّة الاستثماريّة لترقية إسهام المصارف الإسلاميّة في تفعيل السّلوك الادّخاري الاستثماري لدى الأفراد، دراسة تطبيقيّة على عيّنة من المصارف الإسلاميّة للفترة 2004 -2017","authors":"عبد القادر زيتوني","doi":"10.55188/ijifarabic.v12i2.60","DOIUrl":"https://doi.org/10.55188/ijifarabic.v12i2.60","url":null,"abstract":"عُنيت هذه الدراسة بقراءة في مُقومّات الصّكوك الإسلاميّة الاستثماريّة بحثاً فيها عمّا يؤثر في تفعيل دور المصارف الإسلاميّة وترقيته في دعم السّلوك \"الادّخاري الاستثماري\" لدى الأفراد. وبعد عرضٍ مُختصرٍ للمُراد بسلوك الأفراد \"الادّخاري-الاستثماري\"، وبيانٍ لمسؤولية المصارف الإسلاميّة في بعثه وتفعيله ولسُبل تجسيدها، وتشخيصٍ سريعٍ لواقع تبنّي الأفراد ذلك السّلوك في إيداعاتهم لدى عيّنة مُختارة من المصارف الإسلاميّة، ووقوفٍ من ثمَّ على أهمِّ الحوافز التي تستوعبها الصّكوك الإسلاميّة والتي تحمل الفرد على مُمارسة النّشاط الادّخاري وتدعم جهُود المصرفية الإسلاميّة، ودراسة ميدانيّة تقييميّة لأثر إصدارات الصّكوك التي قامت بها المصارف الإسلاميّة محل الدراسة على سلوك الأفراد \"الادّخاري-الاستثماري\"، تبيّن أن التعامل في الصّكوك إصداراً واكتتاباً يُسهم بشكلٍ فاعل في ترقية دور المصارف الإسلامية في دعم السّلوك \"الادّخاري-الاستثماري\" لدى الأفراد، وذلك لاستيعابها جُملة من الحوافز الدّاعمة لرغبة الفرد الادّخارية كتملّك الأصُول وقابلية التسييل، وملاءمة الحجم والفترة، والمحافظة على رأس المال، فضلاً عن سهُولة الاستثمار وارتفاع العائد.","PeriodicalId":322283,"journal":{"name":"مجلة إسرا الدولية للمالية الإسلامية","volume":"27 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-12-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121154808","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-12-15DOI: 10.55188/ijifarabic.v12i2.72
Meriem Zughlami
This study aims to shed light on the parameters of Islamic finance and the extent to which they contribute to improving the investment environment in the Algerian economy. We find that the package of legal, ideological, economic, social and ethical parameters for Islamic finance support the creation of an investment environment free of manifestations of corruption, ambiguity and injustice in which investment varies according to the needs and requirements of society. Local investment thrives with it, which leads to achieving sustainable economic and social well-being. The research also analytically examined the Algerian investment environment by studying the overall economic situation and the reality of domestic and foreign investment, and then the status of the Algerian economy according to indicators of global competitiveness and corruption. The study concluded that the situation of real domestic and foreign investment in Algeria is still far below average as per the global indicators. The study recommended the adoption of a set of Islamic finance parameters in order to increase Algerian domestic production capacity, attract foreign investment, and improve the internal investment environment.
{"title":"The Parameters of Islamic Finance and Their Role in Improving the Investment Environment in Algeria, a Critical Analytical Study","authors":"Meriem Zughlami","doi":"10.55188/ijifarabic.v12i2.72","DOIUrl":"https://doi.org/10.55188/ijifarabic.v12i2.72","url":null,"abstract":"This study aims to shed light on the parameters of Islamic finance and the extent to which they contribute to improving the investment environment in the Algerian economy. We find that the package of legal, ideological, economic, social and ethical parameters for Islamic finance support the creation of an investment environment free of manifestations of corruption, ambiguity and injustice in which investment varies according to the needs and requirements of society. Local investment thrives with it, which leads to achieving sustainable economic and social well-being. The research also analytically examined the Algerian investment environment by studying the overall economic situation and the reality of domestic and foreign investment, and then the status of the Algerian economy according to indicators of global competitiveness and corruption. The study concluded that the situation of real domestic and foreign investment in Algeria is still far below average as per the global indicators. The study recommended the adoption of a set of Islamic finance parameters in order to increase Algerian domestic production capacity, attract foreign investment, and improve the internal investment environment.","PeriodicalId":322283,"journal":{"name":"مجلة إسرا الدولية للمالية الإسلامية","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-12-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125811036","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-12-15DOI: 10.55188/ijifarabic.v12i2.68
A. Mashal
This research aims to determine the role of internal Sharīʿah audits in enhancing Sharīʿah governance and compliance in Islamic banks. The paper also seeks to provide a vision of risk-based internal Sharīʿah audit based on professional standards and international best practices. The ultimate goal of the internal Sharīʿah audit process is to assist the institution in fulfilling its duty of Sharīʿah compliance. It is therefore necessary to search for the best methods and professional practices for adoption to improve the internal Sharīʿah audit process and evaluate the effectiveness and efficiency of the internal Sharīʿah control system and to monitor its operation. The research adopted the descriptive analytical approach by describing the role of internal Sharīʿah audit in strengthening governance and Sharīʿah compliance in Islamic banks. After that, it analyzes the results in order to provide a vision for risk-based internal Sharīʿah audit in accordance with the best international practices and professional standards. The findings of this research are as follows: The role of the internal Sharīʿah supervisory system is to translate the concepts of Sharīʿah governance and compliance from theory to implementable procedures. The most crucial role of an internal Sharīʿah auditor is to evaluate the effectiveness and efficiency of the internal Sharīʿah supervisory system, to monitor its operation, and to recommend necessary improvements to the system. The recommendation of this paper to supervisory bodies is to adopt the approach of risk-based Sharīʿah audit in order to further develop the governance standards for Islamic financial institutions related to internal and external Sharīʿah audit.
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Pub Date : 2021-06-15DOI: 10.55188/ijifarabic.v12i1.235
أشرف محمد دوابه
يعد التمويل الاجتماعي الإسلامي من أهم الوسائل الفعالة للإسهام في تحقيق التمكين الاقتصادي، بما يملكه من تنوع في أساليبه، سواء أكان تمويلا خيريا أو ربحيا، لاسيما في ظل ما تعانيه المجتمعات العربية والإسلامية من الفقر والبطالة. وفي هذا الإطار تأتي هذه الدراسة للتعرف على مفهوم التمويل الاجتماعي الإسلامي وخصائصه وأهميته، ومفهوم التمكين الاقتصادي، وأهميته والرؤية الإسلامية له ومعوقاته، والإسهام في تحقيقه من خلال أساليب التمويل الاجتماعي الإسلامي، ومن ثم الانتقال بالمطلوب تمكينهم اقتصاديا من الحاجة واعتمادهم على الغير إلى الكفاية واعتمادهم على أنفسهم، والإسهام في عملية التنمية، فضلا عن الإسهام في تحقيق أهداف الشمول المالي. وقد اعتمدت الدراسة على المنهج الوصفي التحليلي حيث يتفق مع طبيعة موضوع البحث، وكذلك مع هدفه، وتوصلت إلى أنه يمكن تمويل المشروعات المتناهية الصغر والصغيرة من أجل التمكين الاقتصادي من خلال المصارف والمؤسسات المالية الإسلامية، ومؤسسة الزكاة ومؤسسة الوقف، وذلك من خلال التمويل الاجتماعي الإسلامي الخيري (غير الربحي) بالقرض الحسن والزكاة والصدقات والوقف، أو التمويل الاجتماعي الربحي ولكن بربحية متواضعة لضمان استدامة التمويل، من خلال التمويل بالمعاوضات والتمويل بالمشاركات تحقيقا للمسئولية الاجتماعية.
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