Islamic Finance

The Rural Development Scheme (RDS), a shari’a based model of poverty alleviation program, is used by the Islami Bank Bangladesh Limited (IBBL) to provide micro finance services to mainly poor women of the rural areas of Bangladesh. By using a survey, the basic characteristics of women entrepreneurs in an Islamic perspective are identified in this paper and the paper verifies those characteristics of the women entrepreneurs associated with RDS.

The performance of the Islamic entrepreneurship projects financed thought the banking system in Sudan and the obstacles and factors that influence the decision making of Small and Medium Enterprises (SMEs) are evaluated in this paper. Sudanese Islamic banks face the major dilemma of long-term financing of SMEs. For socio-economic development, especially in rural areas, it is important that banking facilities are fairly distributed. The use of group lending concept in financing musharakah to SMEs is recommended.

The article initially gives an overview of Islamic finance and the laws that govern it. It then gives a background on general microfinance and Islamic microfinance. Based on the local needs and financial and economic situation, microfinance tools can be adapted to every environment. The Islamic microfinance enterprises in Australia that rely on the savings of the shareholders have been very successful in delivering microfinance to their clients. The emergence and development of Islamic MMEs (Micro and Medium sized Enterprises) finance in Australia is explored in the article.

As the expansion and performance of Islamic Economics and Banking in Indonesia have shown a positive evolution, the need of qualified human resources has also become paramount. Airlangga University has taken an important initiative to provide this paramount need through its Islamic Economics program. The structure and the content of the program is promising to show a bright future to the industry in the years to come.

The philosophy behind all activities in Faculty of Economics and Muamalat at USIM lies on the integration of original sources of

The present supply of qualified human resources does not concord to the rapid growth of Islamic finance industry. To overcome this issue, FEUI introduced a far-sighted curriculum at its faculty of Economics and Business since 2013, whereby the evaluation can be properly done when the program has started and produced its graduates. Yet if the curriculum contents are not standardized, the outcome is not assumed to be worthwhile.

The famous Islamic movement ‘Muhammadiyah’ has been working since its inception in 1912, towards the development of the human resources in major fields of education. The curriculum at the Department of Economics in Universitas Muhammadiyah Yogyakarta is designed in a way that can show its results by presenting its graduates who are well equipped to fill the jobs n any Shariah business and activities, both at micro and macro levels.

The Quran and Sunnah, namely al-turath, connect the Muslim Ummah to their origin and past. It itself is the foundation of the Ummah’s existence, and a reason for their development and prosperity.

The course and curriculum of the Faculty of Economics and Business at Universitas Brawijaya, lays an emphasis on both the financial and real sectors f the economy, Literature on Islamic banking and finance has increased tremendously, but the literature on the real aspects of Islamic economics is neglected. Islamic economics should be offered as an organized body of knowledge.

This chapter demonstrates how to create the human capital needed in the Islamic Finance (IF) industry, in a multi-culture and multi-faith community, drawing from the experience of La Trobe University. It also demonstrates the motivation for IF education globally and in Australia and covers the rationale, marketing aspects and curricula design of IF courses in La Trobe. It concludes by stating the need for developing a generation of Islamic Scholars to have a standardized global framework of IF standards and to actively contribute to the national strategy and development of IF