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Modern Islamic Investment Management: Principles and Practices

Modern Islamic Investment Management: Principles and Practices

Paperback

Business GeneralInvesting & Finance

ISBN10: 3030176304
ISBN13: 9783030176303
Publisher: Palgrave Macmillan
Published: Aug 14 2020
Pages: 248
Weight: 0.73
Height: 0.58 Width: 5.83 Depth: 8.27
Language: English
The conventional model of investment in most cases involves fixed interest over a debt-based deal, gaining by transferring the risk to others. Investment sectors are not necessarily ethically compliant as commercial gain is the priority over ethical compliance and/or humanitarian concern. Alternatively, the Islamic investment model in the contemporary reality is based on the Shari'ah principles with an integrated concern free from any interest (usury) while gain is realized upon sharing the risk and formalized on an underlying asset with transparency. Investment sectors are strictly screened by ensuring one to be free from unethical elements while caring about socio-humanitarian concern. An Islamic investment model thus advocates beneficial opportunities for all regardless of one's religious background or gender to participate in and benefit over a debt-free asset-based economy with a risk-sharing platform. Hence, this book is a timely guide to understanding the paradigm of Islamic investment and its application in the contemporary investment reality of particular interest to students, academics, and investment professionals.

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