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The financial crisis of the last decade has brought to the fore many discourses on the stability of the financial system under the current interest rate regime and whether issuing more debts, that create further divergence between the financial and real sector of the economy, is a sustainable solution to the ensuing debt crisis that followed. Invigoratingeconomic development may need more than just achieving mere growth in GDP numbers and other mainstream macroeconomic key performance indices. Social equity, environmental conservation, inclusive development, and equitable income distribution are concepts that are increasingly given more weight in the measurement of economic development. The onset of the pandemic of the current decade has further emphasized the importance of these considerations as well as the concept of sharing of risks and return. This book analyses the past and current fiscal situation in Malaysia and identifies areas of improvements in the current tax system and public sector financing in generating the required revenue and financing government expenditure. The alternative fiscal framework proposed in this book covers a tax structure that features a simple and fairer tax system that is based on the ability to pay and public financing which is free of interest and provides opportunity for broader participation of the public. As Malaysia has a comprehensive framework as well as firm regulatory and government support for Islamic finance, the fiscal reform builds on an important feature of risk sharing Islamic finance that brings the real and financial sectors of the economy close together. The fiscal policy reform recommended in this book seeks to address the public debt burden, expand fiscal space, increase financial inclusion, reduce income and wealth disparities, increase employment and income for the growing population and ultimately improve social solidarity especially for a pluralistic country such as Malaysia.
Economics --- Fiscal policy --- Finance (Islamic law) --- Sustainable development
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Islam --- Law --- Finance (Islamic law) --- Taxation (Islamic law) --- Islamic law --- Finance (Islamic law). --- Taxation (Islamic law). --- Banks and banking --- Interest (Islamic law) --- Usury (Islamic law) --- Ribā (Islamic law) --- Banking law (Islamic law)
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While creating new forms (Shari'ah-compliant standards) to operationalize Islamic values and ethics into the current conventional economic system and banking products is crucial to sustain the Islamic economy as it is today, we also need to develop new strategies to cope with the next economic evolution. The digital revolution in financial services is under way, and digital disruption has the potential to shrink the role and relevance of today's banks, while simultaneously creating better, faster, cheaper services that will be an essential part of everyday life. This forward-looking book discusses the crucial innovation, structural and institutional development for financial technologies (fintech) in Islamic finance. The authors explain concepts in fintech and blockchain technology and follow through with their applications, challenges and evolving nature. The book provides insights into technology which will enable and enhance actual prescribed Islamic behaviors in modern economic transactions. Case studies highlight how to cope with modern transactional behavior with the advent of global online/mobile markets, shorter attention spans, and impersonal trade exchange.
Islam --- Finance --- Information systems --- Middle East --- Arab states --- Electronic funds transfers --- Finance (Islamic law) --- Blockchains (Databases) --- E-books --- Block chains (Databases) --- Database security --- Distributed databases --- Islamic law --- EFT (Electronic funds transfers) --- Electronic banking --- Electronic check clearing --- Electronic money systems --- Electronic payments systems --- Electronic transfer of funds --- Funds, Electronic transfers of --- Telebanking --- Transfers of funds, Electronic --- Electronic data interchange --- Electronic benefits transfers --- Home banking services --- Fintech, Blockchain, Islamic Economics, Islamic Finance, Shari'ah. --- Banks and banking --- Cryptocurrencies --- Financial institutions --- Money --- Religious aspects --- Islam. --- Technological innovations. --- Currency --- Monetary question --- Money, Primitive --- Specie --- Standard of value --- Exchange --- Value --- Coinage --- Currency question --- Gold --- Silver --- Silver question --- Wealth --- Financial intermediaries --- Lending institutions --- Associations, institutions, etc. --- Crypto coins --- Cryptocoins --- Digital currency --- Banks and banking, Islamic --- Islamic banks and banking --- Non-interest banks, Islamic
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L'activité bancaire, nécessairement associée de près aux marchés financiers, se trouve gouvernée par un ensemble de règles provenant d'importants instruments communautaires. Parmi ces instruments, figure la directive 2004/39/CE du 21 avril 2004 concernant les marchés financiers, dite directive «MiFid». Marc-David Weinberger dénoue les liens complexes entre conseil en investissement au sens de cette directive et pratiques commerciales déloyales. Aujourd'hui, l'épargne publique se cherche une voie nouvelle. Dans cette mouvance, de nombreux fonds d'investissements thématiques se développent. Monsieur Werner Derijcke examine les caractéristiques des fonds souverains. Madame Amal Abdallah analyse les conceptions qui sous-tendent le financement islamique et le régime juridique qui s'y applique. La directive dite «Finalité» et la directive «Collateral» ont fait l'objet d'une évaluation d'impact satisfaisante de la part de la Commission. Madame Vanessa de Francquen montre qu'en effet, leur application soulève peu de difficultés. Elles devraient néanmoins faire l'objet d'une réforme très prochaine, visant notamment à en élargir le champ d'application. Un travail plus fondamental destiné à restaurer la cohérence interne du droit du crédit demeure cependant souhaitable, afin qu'un équilibre constructif se révèle entre les aspirations liées à un projet économique et les attentes légitimes du banquier
Financial law --- Belgium --- Banking law --- Bankrecht --- Droit bancaire --- Bankers --- Competition, Unfair --- Sovereign wealth funds --- Banking law (Islamic law) --- Finance (Islamic law) --- Pledges (Law) --- Banquiers --- Concurrence déloyale --- Fonds souverains --- Banques --- Finances --- Gage (Droit) --- Malpractice --- Responsabilité professionnelle --- Droit islamique --- BE / Belgium - België - Belgique --- 347.730 --- 347.734 --- U40 Droit bancaire / Généralités - Bankrecht / Algemeenheden --- BPB0911 --- Belgique --- Financiële instellingen: algemeen. --- Bank- en spaarinstellingen (recht). --- België --- Bankrecht. Bankwezen --- 347.734 Bankrecht. Bankwezen --- Concurrence déloyale --- Responsabilité professionnelle --- Financiële instellingen: algemeen --- Bank- en spaarinstellingen (recht) --- Bélgica --- Belgija --- Belgien --- Belgie --- Belgicko --- Beļģija --- Белгија --- Belgio --- Белгия --- Belgia --- il-Belġju --- An Bheilg --- Βέλγιο --- Belgjika --- Belgia Kuningriik --- Beļģijas Karaliste --- Royaume de Belgique --- Belgian kuningaskunta --- Belgické kráľovstvo --- Koninkrijk België --- Belgijos Karalystė --- das Königreich Belgien --- Βασίλειο του Βελγίου --- Kingdom of Belgium --- Кралство Белгија --- Краљевина Белгија --- Belgické království --- Reino de Bélgica --- ir-Renju tal-Belġju --- Regatul Belgiei --- Kongeriget Belgien --- Кралство Белгия --- Mbretëria e Belgjikës --- Belga Királyság --- Królestwo Belgii --- Konungariket Belgien --- Reino da Bélgica --- Kraljevina Belgija --- Regno del Belgio --- diritto bancario --- banklagstiftning --- τραπεζικό δίκαιο --- ligji i veprimtarisë bankare --- liġi bankarja --- bankjog --- bankininkystės teisė --- drept bancar --- банкарско право --- direito bancário --- bančno pravo --- bankové právo --- pangandusõigus --- Derecho bancario --- bankret --- prawo bankowe --- банково право --- bankrecht --- pankkilainsäädäntö --- law of banking --- bankovní právo --- bankarsko pravo --- banku tiesības --- закон за банките --- zákon o bankách --- banku tiesību akti --- bankarsko zakonodavstvo --- banku likumdošana --- legislație bancară --- bankovní legislativa --- legislazione bancaria --- τραπεζική νομοθεσία --- banklovgivning --- banková legislatíva --- législation bancaire --- Bankengesetzgebung --- bankügyi jogszabályok --- bankwetgeving --- banking legislation --- bankų įstatymai --- банкарско законодавство --- legislación bancaria --- pangandusseadusandlus --- bankovní zákon --- legjislacion bankar --- legislação bancária --- regolamentazione bancaria --- dlí na baincéireachta --- Droit économique et commercial --- Droit bancaire et financier --- Crise bancaire --- Responsabilité du banquier --- Conseil en investissement --- Lois financières --- Pratiques commerciales déloyales --- Finance islamique
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