Islamic Wealth Management
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Islamic Wealth Management

Theory and Practice

Edited by Mohamed Ariff and Shamsher Mohamad

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, all 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.
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Chapter 8: Sovereign wealth funds in OIC group

Farrukh Habib and Abbas Mirakhor

Abstract

Several of the biggest SWF are found in Islamic majority countries. These wealth is from setting aside proceeds from energy resources from these countries. Under the aim of replacing a portion of the depleting values, several governments have set up huge wealth under government management. The author of this chapter examine the mode of management of such wealth, and found it wanting in several aspects.

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