Beschreibung
Inhaltsangabe"This book is direct and concise, with the result that readers will easily comprehend the whys and wherefores of this somewhat different, challenging, and ultimately rewarding approach to finance." Shaykh Yusuf Talal De Lorenzo, Chief Sharia'a Officer and Board Member at Sharia'ah Capital and Member of the AAOIFI Sharia'a Board "A valuable resource for all those who wish to be initiated into the emerging domain of Islamic Banking and Finance." Adnan Ahmed Yousif, President and Chief Executive, Al Baraka Banking Group, Bahrain "An invaluable book for those seeking to know more about Islamic banking. Comprehensive and detailed, the book is an excellent first-read for banking professionals and others to understand where Islamic banking comes from, what philosophies underlie it and the major components of Sharia'a compliant banking and finance." Joseph DiVanna, Managing Director, Maris Strategies Limited
Autorenportrait
InhaltsangabePreface. About the Author. 1 Muslim Beliefs. 1.1 Five Pillars of Faith. 1.2 Six Islamic Creeds. 1.3 Belief in Allah and His Attributes. 1.4 Belief in Destiny. 1.5 Belief in Angels. 1.6 Belief in Apostles. 1.7 Belief in the Revealed Books. 1.8 Belief in the Hereafter. 2 Sharia'a Law and Sharia'a Boards: Roles, Responsibility and Membership. 2.1 Definition of the Sharia'a. 2.2 Allah is the Law Giver. 2.3 Objectives of the Sharia'a. 2.4 Sources of the Sharia'a. 2.5 Sharia'a Islamic Investment Principles. 2.6 Conditions for Investment in Shares. 2.7 Sharia'a Supervisory Board (SSB). 2.8 Sharia'a Board Scholar Qualifications. 2.9 State Bank of Pakistan (SBP): Proper Criteria for Appointment of Sharia'a Advisors. 3 Definition of Islamic Banking. 3.1 Conventional Bankers and Islamic Banking. 3.2 Six Key Islamic Banking Principles. 3.3 Definition of Asymmetric Information. 3.4 Origins of Asymmetric Risk within Islamic Banking. 3.5 Riba in the Qur'an and Sunnah or Hadith. 3.6 Five Reasons for the Prohibition of Riba. 4 Murabaha as a Mode of Islamic Finance. 4.1 Murabaha Transactions. 4.2 What Makes Murabaha Sharia'a Compliant? 4.3 Islam Treats Money and Commodities Differently. 4.4 Murabaha and the Sharia'a. 4.5 Practicalities of Implementing Murabaha. 4.6 Sharia'a Rules Concerning Murabaha. 4.7 Reasoning Behind Sharia'a Rules. 4.8 Practical Examples of the Application of Murabaha. 4.9 Key Issues Associated with Murabaha. 4.10 Comparison of Murabaha with Interest-Based Finance. 4.11 Murabaha Differences from the other Islamic Financing Techniques. 4.12 Summary. Reference. 5 Mudaraba as a Mode of Islamic Finance. 5.1 Definition of Mudaraba. 5.2 What makes Mudaraba Sharia'a Compliant? 5.3 Practicalities of Implementing Mudaraba. 5.4 Sharia'a Rules Concerning Mudaraba. 5.5 Practical Examples of Mudaraba. 5.6 Key Issues Associated with Mudaraba. 5.7 Comparison of Mudaraba with the Conventional Banking Equivalent. 5.8 Mudaraba: Differences from the other Islamic Financing Techniques. 5.9 Summary. Reference. 6 Musharaka as a Mode of Islamic Finance. 6.1 Definition of Musharaka. 6.2 What makes Musharaka Sharia'a Compliant? 6.3 Practicalities of Implementing Musharaka. 6.4 Sharia'a Rules Concerning Musharaka. 6.5 Practical Examples of Musharaka. 6.6 Problems Associated with Musharaka. 6.7 Comparison of Musharaka with the Conventional Banking Equivalent. 6.8 Summary. Reference. 7 Ijara as a Mode of Islamic Finance. 7.1 Definition of Ijara. 7.2 What makes Ijara Sharia'a Compliant? 7.3 Practicalities of Implementing Ijara. 7.4 Sharia'a Rules Concerning Ijara. 7.5 Basic Rules of Islamic Leasing. 7.6 Practical Examples of Ijara. 7.7 Key Differences between an Ijara Contract and a Conventional Lease. 7.8 Comparison of Ijara with the Conventional Banking Equivalent. 7.9 Ijara: Differences from the other Islamic Financing Techniques. 7.10 Summary. Reference. 8 Istisna'a as a Mode of Islamic Finance. 8.1 Definition of Istisna'a. 8.2 What makes Istisna'a Sharia'a Compliant? 8.3 Practicalities of Implementing Istisna'a. 8.4 Sharia'a Rules Concerning Istisna'a. 8.5 Practical Examples of Istisna'a. 8.6 Key Issues Associated with Istisna'a. 8.7 Comparison of Istisna'a with the Conventional Banking Equivalent. 8.8 Istisna'a: Differences from the other Islamic Financing Techniques. 8.9 Summary. Reference. 9 Salam as a Mode of Islamic Finance. 9.1 Definition of Salam. 9.2 What makes Salam Sharia'a Compliant? 9.3 Practicalities of Implementing Salam. 9.4 Sharia'a Rules Concerning Salam. 9.5 Sharia'a Rules Concerning Parallel Salam. 9.6 Practical Examples of Salam. 9.7 Benefits of the Salam Contract. 9.8 Problems Associated with Salam. 9.9 Comparison of Salam with the Conventional B
Leseprobe
Leseprobe
