Description
Book SynopsisAfter barely half a century of experience, Islamic banking has become established as a niche industry across the world, offering new and sophisticated financial products designed to be compliant with Islamic legal principles and common law.
Trade ReviewThis wide-ranging guide to the foundations and fundamental principles of this new form of ethics-based financial practice will be of interest for regulators, practitioners, and scholars in the fields of economics, finance, money and banking. --
Islamic HorizonsMohamed Ariff and Munawar Iqbal have put together a significant and useful body of productive thinking that will be of use to both academics and practitioners. . . This book is a very good collection of scholarly papers, well worth reading and reflecting upon. It will undoubtedly help students, academics and practitioners to improve their understanding of Islamic financial institutions and Islamic financial markets. It will be equally useful to specialists in economics, finance, money and banking because it combines a comprehensive discussion of theoretical aspects of the Islamic financial market with very rigorous empirical analysis. --Toseef Azid, The Muslim World Book Review
Table of ContentsContents: Preface 1. Introduction to Islamic Financial Institutions Mohamed Ariff and Munawar Iqbal PART I: FOUNDATIONS OF ETHICAL FINANCIAL TRANSACTIONS 2. Ethics-based Financial Transactions: An Assessment of Islamic Banking Mohamed Ariff 3. Ethical Principles in Islamic Business and Banking Transactions Mervyn K. Lewis 4. Adapting Understanding of Riba to Islamic Banking: Some Developments Abdullah Saeed PART II: ISLAMIC BANKING PRINCIPLES, REGULATIONS AND GOVERNANCE 5. Development, History and Prospects of Islamic Banking Munawar Iqbal 6. Development of Legal Issues of Corporate Governance for Islamic Banking Ishaq Bhatti and Maria Bhatti 7. Corporate Governance and Islamic Banks Michael T. Skully PART III: THE PRACTICE: OPERATING ISLAMIC FINANCIAL INSTITUTIONS 8. Performance of Islamic Banks and Conventional Banks Mohamed Ariff, Mohammad K. Badar, Shamsher M. and Taufiq Hassan 9. Shari’ah-consistent Investment Vehicles in Malaysia Kabir Hassan and Eric Girard 10. Takaful Insurance: Concept, History and Development Challenges Syed Othman Alhabshi and Shaikh Hamzah Razak PART IV: A DEBATE ON THE ISSUE OF REWARD FOR PARTING WITH CAPITAL 11. Usury and its Critics: From the Middle Ages to Modernity Constant Mews and Adrian Walsh 12. Riba and Interest in Islamic Banking: An Historical Review Raquib Zaman 13. Tensions in Christian Financial Ethics: An Historical Overview Ibrahim Abraham PART V: EDUCATION AND PROFESSIONAL BANKING ACCREDITATION 14. Human Capital Development in Islamic Finance: Initiatives and Challenges Syed Hamid Aljunid Index
