Cover; Title Page; Copyright; Contents; List of Figures; List of Tables; Acknowledgements; About the Author; Preface; About the Website; Chapter 1 Introduction to Islamic Finance and Islamic Economics; Introduction; Creation of Money and Conventional Finance and Banking; Definition of Islamic Finance and Banking; Distinctive Features of Islamic Finance; Economics and Islam; Economics in Ancient Times; Modern Economics; Islamic Economics; History of Islamic Economic Thought; Principles of Islamic Economics; Islam's Solution to the Classic Economic Problem; Islam and the Welfare Economy.
Property Ownership in Islamic EconomicsZakat and Sadaqah; Ban on Interest versus Cost of Capital in Islam; Conventional Economics versus Islamic Economics; Evolution of Islamic Finance; Early Days; Birth of Modern Islamic Finance; Institutional Developments During the Revival of Modern Islamic Finance; The Mit Ghamr Experiment; Tabung Haji; Islamic Development Bank; Dubai Islamic Bank; Rapid Growth of the Islamic Finance and Banking Industry; Islamic Finance and Banking in Muslim Communities and Countries; Islamic Finance and Banking in Non-Muslim Countries.
Sub-sectors in the Islamic Finance and Banking IndustryCurrent Status of Modern Islamic Finance and Banking; Timeline of Development of Contemporary Islamic Finance and Banking; Key Terms and Concepts; Chapter Summary; Chapter 2 Shariah Law and the Shariah Supervisory Board; Introduction to the Islamic Law
Shariah; Sources of Shariah; Schools of Islamic Jurisprudence; Ethics in Shariah-Compliant Business and Finance; Major Shariah Prohibitions and Principles and their Implications; Prohibition of Interest or Riba; Prohibition of Uncertain Dealings or Gharar.
Prohibition of Speculative Behaviour or MaysirShariah Supervisory Board (SSB); Introduction to the SSB; Formation of the SSB; Status of the SSB Within the Industry; Functions of the SSB; Corporate and Shariah Governance; Shariah Governance Process; Key Terms and Concepts; Chapter Summary; Chapter 3 Islamic Banking versus Conventional Banking; Introduction to Islamic Banking; Islamic Banking versus Conventional Banking; Similarities Between Conventional and Islamic Banks; Differences Between Conventional and Islamic Banking; Relationship with the Central Banks.
Generic and Specific to Islamic BanksGeneric Risks; Risks Specific to Islamic Banks; Financial Intermediation; The Definition of Financial Intermediation; Conventional Financial Intermediation; Islamic Financial Intermediation; Islamic Financial Intermediation Models; Distribution of Islamic Banking Products; Conventional versus Islamic Financial Intermediation; Balance Sheet of an Islamic Bank
Sources and Uses of Funds by an Islamic Bank; Sources of Funds; Application of Funds; Contracts in Shariah Law; Contracts of Exchange in Shariah-Compliant Commerce and Finance.
