Shariah Investment Planning
Ahcene Lahsasna, 2016 (Hardcover)
ISBN 978-967-0149-87-5, 364 pages

Publisher: Islamic Banking and Finance Institute Malaysia (IBFIM)

The principles of investment that are used in Islamic finance are based on Islamic teachings related to the mu’amalat or the ways of interaction between the players in the economy. The laws of Islam are divided into laws for various areas needed by individuals and society in life. Muslims need to have guidance in marital affairs (munakahat), criminal affairs (jinayat), economic affairs (mu’amalat) and how to actually perform the act of worshipping Allah (ibadat). That is what Islamic law prescribes to the believers of the religion. Islam being the religion that provides guidance in every aspect of the followers lives, is referred to as the religion of the way of life.

This chapter will deal with the philosophies of Islamic finance, sources and types of laws in Islam and the considerations that need to be observed for investments to be considered Shariah-compliant. In order to learn about the technicalities of how Islamic-compliant products are designed, we need to first understand the concepts or instruments in Islamic finance. These instruments, which include among others, mudarabah, murabahah and ijarah, can be employed to create Islamic-compliant financial products including Sukuk options and Islamic structured products, to name a few.

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UUMPRESS SHARIAH INVESTMENT PLANNING