CIS Faculty

Islamic finance (IF) plays a pivotal role in the development of the real economy. It helps and stimulates economic activities and entrepreneurship, addresses poverty and income inequality, ensures financial stability, and promotes comprehensive human development in complex societies of the 21st century. IF and Islamic economics (IE) recognize the significant role of the voluntary Islamic financial sectors which uplift poverty, and eliminate homelessness and hunger.

The Prophet Muhammad is considered the first commentator on the Qur’an and the exemplar whose actions teach Muslims how live and act in accordance with the Qur’an. Whereas the Qur’an provides accounts of the trials that previous messengers such as Moses and Abraham faced before their prophetic missions began, there are only a few allusions to the life of the Prophet Muhammad before the onset of his prophetic mission.

In the Qur’an, the covenant is etiological. As Tariq Jaffer writes, “from the perspective of the Qur’an the event in cosmic history is one that establishes and binds together the monotheistic worldview and an ethos or program of conduct on earth for humanity”.

Digital currencies have received a mixed response from the Islamic banking and finance (IB&F) industry. As Shariah permissibility (or ‘compliance’) strongly influences the demand for and supply of products in the IF&B industry, the verdicts reached by Shariah scholars on digital currencies have a strong bearing on their adoption amongst users.

Countries in the Middle East and North Africa (MENA) Region are highly vulnerable to climate change. With ongoing rapid and competing development in diverse economic sectors, such as infrastructure, healthcare, sports, and education, amongst others, innovative financing approaches are needed to secure the necessary financing required to mitigate and adapt to climate change in the region. Climate finance is critical to achieve climate change adaptation and mitigation objectives.

Football is more than “just a game” especially if one happens to be living in a country that would host the next World Cup. As a spectacle and the  most  globally  watched  sportfollowed  by  hundreds  of  millions  of people around the world every week, football has been influencing global societies  in  versatile  ways. The  influence  extends  to  historical,  practical and ideational issuesrevolving around deeply rooted power relationships and dynamics in the football industry.

This chapter provides an overview of existing studies in the literature which offer varying interpretations of contextualization. This chapter builds the overall framework of the book by arguing that contextualizing EE entails a number of attributes such as receptivity to learn from global experiences, undertaking national strategies and policies and finally being sensitive to dominant value systems in the society.