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Islamic Wealth Management - Theory and Practice (Hardcover)
Loot Price: R4,841
Discovery Miles 48 410
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Islamic Wealth Management - Theory and Practice (Hardcover)
Series: Foundations of Islamic Finance Series
Expected to ship within 10 - 15 working days
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From an Islamic perspective, although the ownership of wealth is
with God, humans are gifted with wealth to manage it with the
objective of benefiting the human society. Such guidance means that
wealth management is a process involving the accumulation,
generation, purification, preservation and distribution of wealth,
to be conducted carefully in permissible ways. This book is the
first to lay out a coherent framework on how wealth management
should be conducted in compliance with guiding principles from
edicts of a major world religion. The book begins by defining
wealth from both a secular perspective, and an Islamic perspective,
before describing how wealth needs to be earned in lawful ways,
preserved and used to benefit the needs of community, with a small
part of the wealth given away to charity, and the remainder managed
in accordance with laws and common practices, as established by a
majority consensus of scholars of the religion in historical times.
Each section of the book has relevant chapters that discuss the
theory, as well as the application and the challenges in Islamic
wealth management in real and financial markets. This book will
appeal to students and researchers of Islamic wealth management,
certainly Islamic economics and finance in general; policy makers;
and a range of industry practitioners, such as investment managers,
financial planners, accountants and lawyers.
General
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