The Islamic Worldview of Money, Social Finance, Wealth & Financial Wellbeing, 2nd Edition


Author: Dato’ RK Nandy@ Farouk
ISBN: 97886299704300
Published: 25th August 2022
Format: Paperback


An insight into the Maqasid Al’Syariah Principles of Islamic Wealth Management| Inheritance| Trust| Insurance| Banking & Finance| & Pawnbroking in comparison to conventional practice within the regulatory framework of Malaysia, The Republic of Singapore & The Kingdom of Brunei Darussalam

Categories: , Product ID: 9887


This book simplifies the schema and the reasoning of the Maqasid Al’ Syariah, which in simple terms is the perspective, interpretation, and application of the teachings and practices as ordained by the Holy Qur’an, the Sunnah, and the Ahadith in relation to Money and its Islamic Worldly views, its relevance to Islamic Social Finance as a means of poverty eradication and Wealth redistribution [Zakat, Sadaqah, Infaq, and Waqf] it’s correlation to the Islamic Wealth Cycle of Islamic Wealth Creation and Accumulation [Halal earnings], Islamic Wealth Preservation [Takaful], Islamic Wealth Purification [Zakat and Sadagah], and Islamic Wealth Distribution [Faraid, Wassiyah, and Hibah]. The Customary practices of Harta Sepencarian and Adat as a tool for Islamic Wealth Distribution is also addressed for the reader’s insight into these matters.

The book proceeds to simplify these practices of the Magasid Al’ Syariah and its harmonious views towards the Islamic charitable endowment of Waqf [The Islamic Trust], Takaful [The Islamic Insurance], and the Islamic concepts of Justice in financial practices through the ideology of Shared Profits and Losses via the Islamic Financial instruments or models of Musharakah, Murabaha & Bai’ Al Inah [among others} as found in Islamic Finance and then proceeds to elucidate on the subject of Rahn in Ar’ Rahnu (Islamic Pawnbroking) and it’s the role in Islamic Micro and Social finance.

In a practical, clear, and reader-friendly manner, the book also sets out the similarities and differences between all these Islamic principles to the conventional principles of the Wealth Management Cycle, Inheritance [Wills, Probate, and Letters of Administration], Insurance, Trust law [Living Trusts], Banking, and Pawnbroking. Each of these topics is then applied to the relevant disruptive transformations that have been brought about by the IR 4 [The 4th Industrial Revolution] and its applicability to Fintech [Financial Technology] and The Islamic Waqf Ahli [Family Office], to name a few, as they are found and applied within the current and given regulatory frameworks of Malaysia, The Republic of Singapore and The Kingdom of Brunei Darussalam. The book is also replete with the relevant statutory provisions of law within these said jurisdictions.

It has been prepared as a practical reference tool for the reader who may be Students, Professionals in the Wealth Management field, Bankers, insurers, Legal Practitioners, in-house counsels, and Ali who are personally interested in these subject matters for personal or professional enhancement.

The book indeed, eagerly awaits the reader to unlock the Wealth of information residing within it.

Having read this book, the reader will be able to:
  • Appreciate the concept of Wealth in Islam
  • Identify these concepts in the sphere of the Wealth Management Industry
  • Associate with these principles in their Islamic and Conventional sense
  • Be proficient with the respective Regulatory Frameworks and Legislation that are applicable to the Wealth Management industry in Malaysia, Singapore, and Brunei
  • Apply these concepts to the everyday practice of Islamic and Conventional Wealth Management in Malaysia, Singapore, and Brunei

Table of Contents:
Chapter 1 The Concept of Money in Islam
Chapter 2 Wealth, Poverty, and Social Finance in Islam
Chapter 3. Conventional Wealth Management
Chapter 4 Conventional Wealth Distribution The Law of Inheritance for Non-Muslims [Conventional Estate Planning] West Malaysia
Chapter 5 Islamic Wealth Management & The Maqasid AI’ Syariah
Chapter 6 Islamic Wealth Creation & Islamic Wealth Accumulation
Chapter 7 Islamic Wealth Preservation
Chapter 8 Islamic Wealth Purification
Chapter 9 Islamic Wealth Distribution

Chapter 10 Islamic & Conventional Wealth Distribution
– The Law of Inheritance: Muslim & Non-Muslims
– [Syariah & Conventional Estate Planing]
– The Republic of Singapore
– The Kingdom of Brunei Darussalam & East Malaysia

Chapter 11 Women in Islamic Societies & Islamic Wealth Management
Chapter 12 The Islamic Waqf & The Conventional Trust A Comparison
Chapter 13 “Adat” (customs and Conventions) as a Tool for Ismaic Wealth Distribution Introduction
Chapter 14 The Family Office & Waqf Ahli A Comparison
Chapter 15 Digital Wealth Management
Chapter 16 Fintech
Chapter 17 The Principles of Islamic Banking & Finance
Chapter 18 Ar’Rahnu: Islamic Pawnbroking Introduction


Dato’ R.K.Nandy is an Advocate and Solicitor of the High Court of Malaya (non-practicing). Having been in the housing development business for the past 9 years, he was in active legal practice for several years specializing in housing development law. Besides this book, the author’s other literary accomplishments and publications are as follows:

– Probate & Administration in Malaysia | Jan 2024
– Law of Wills in Malaysia and Singapore | Aug 2023
– Injunctions & Specific Performance in Malaysia | Nov 2023
– The Wealth Manager’s Guide to Islamic & Conventional (Wealth Management) | Oct 2023
– The Fundamentals of Islamic Wealth Management (Syariah & Legal Principles).
– The Islamic Worldview of Money, Social Finance, Wealth & Financial Wellbeing (Malaysia, Singapore & Brunei).
– The Student’s Guide to the Administration of Estates in Malaysia.
– Trustees Duties, Responsibilities & Liabilities in Malaysia.
– Islamic Estate Planning & Administration of Estates, Malaysia.
– Instruments of Dealings & Caveats in Malaysia.

– The author holds a Bachelor of Law degree from the University of Wales, United Kingdom, and was in active legal practice in Malaysia, before he ventured into the Property Development arena and the academia, over the past many years.

The author is also the course and content creator and the founder of the Professional Diploma Courses: 
– Professional Diploma in Trust Management (Islamic & Non-Islamic).
– Professional Diploma in Estate Planning & Trust Management (Islamic & Non-Islamic).
– Professional Diploma in Conveyancing in Malaysia.
which are awarded by the London Examination Board of the United Kingdom.

Additional information

Weight 2 kg
Dimensions 21 × 30 × 15 cm


There are no reviews yet.

Be the first to review “The Islamic Worldview of Money, Social Finance, Wealth & Financial Wellbeing, 2nd Edition”

Your email address will not be published. Required fields are marked *