Bøker av Mahmood Ahmed

The book provides essays on Islamic banking and finance published earlier in the reputed journals. It covers quite a comprehensive list of concepts and ideas for people who are interested on the topic and would like to practice it. Based on the Quranic injunction, "Allah, The Almighty, has permitted trade and forbidden riba (2: 275)," Islamic banks do not deal in money rather deals with money using the Islamic modes of finance.The bank converts or links 'bank money' into 'commodity' and sells those to the ordering buyer at a 'mark-up profit' under the installments of re-payment in future. Islamic banking therefore, may be called 'money to commodity to money (MCM) model of banking. On the other hand, conventional banks deal in money. It may be called money upon money (MM), which is prohibited 'riba' model of banking. Islamic banks necessarily link financing to real goods, services and projects. Outright lending without the involvement of goods and services may not be possible in the system. Further, it may be called 'asset-backed' financing system. Islamic finance in form and legality is asset-backed at the micro-juristic level. It also ensures control of bank over 'money movement' which ultimately contributes to minimize the overdue risk of bank and curb over expansion of credit to both public and private sectors. This may help attain monetary expansion in harmony with the growth of output and, thus help minimize inflationary pressures. In Islamic banking, profit is the reward of risk. Islamic banks bear risk under documentary ownership and constructive possession of goods for a short or fleeting time. The 'mark-up profit' is the reward for converting 'bank-money' into 'commodity' and selling them under constructive possession to the promised buyer. It is 'mark-up profit' that is generated from the adaptation of Shariah principles of buying and selling to Islamic banking. Mark-up profit therefore, is neither 'general profit, nor 'riba'. The adaptation of Shariah is allowed in the Shariah principle of 'Istihsan'.

'This is a journey of an incredibly shy and timid boy, fulfilling his dream of living in England. Sadly, all the opportunities his new environment offered, failed to remove psychological barriers created by his fear of life and people. Lacking confidence and self-esteem, he fails miserably at school and drifts into daydreaming, losing any sense of reality. He falls in love with the beautiful game, finding real joy only on a football pitch, and dreams of playing alongside his idols; Best, Law and Charlton. As his football dream disintegrates, he settles for jobs he is ill-at-ease with and agrees to marriage and settles down. However, a chance meeting changes his life forever. He is swept off his feet by a total stranger. This meeting provides a springboard for a career he could not have imagined and sets him off on a journey of self-discovery and transformation. He experiences love, heartache, pain, cultural clashes, family turmoil, shame, and guilt. He also learns about discrimination and how to support others. Through the love and devotion of a new woman, he awakens to develop into someone who stands up for others, becoming their voice, offering support, calling upon values, strength, and skills that lay dormant for decades.'