Islamic Research and Training Institute, Islamic Development Bank

Measures have got to be taken to strengthen Islamic Financial Institutions. These measures include creating an enabling market environment that has the proper market discipline, moral integrity, and appropriate socio-political environment among others.

Comprehensive study of the use of zakah and awqaf at the macro-level to transition populations out of poverty, concluding that the potential for success in the use of zakah to eliminate poverty is contingent upon the GDP and population size of individual countries, and also upon the establishment of laws, regulations, and responsible institutions to ensure their proper use..

Assesses theoretical developments in Islamic banking, current trends of Islamic banking in practice, and identifies several issues requiring further study and research in light of current experience, such as the permissibility of credit creation by banks under Shar'ia law, risk in an interest-free economy, and seigniorage.

Compilation of articles addressing the fast-growing segment of Islamic capital markets within Islamic finance. The development of capital markets in Islamic economies is essential because of Shar'ia prohibition of interest, which causes these markets to rely more heavily on equities and asset based financing. Examines the state of equity and stable income products (ijarah sukuk) in Islamic capital markets, advocating for their futher development.

This book describes the development of equity and stable income products in Islamic capital markets today. It is divided into five sections. The first of these introduces the topic at hand, emphasizing the importance of Islamic capital markets in the absence of interest-based finance. The second chapter describes the landscape of the capital market as a whole, with sections on market penetration, corporate earnings, market liquidity, and the relative paucity of stock listings.