Islamic banking is based on principles of Islamic financial laws. Interest is prohibited by Islamic law hence operations of Islamic banking are different from conventional banking although both types of banking fulfill the same needs of customers. In financing customers' needs Islamic banks use either asset based financing or profit and loss sharing modes of financing. Islamic banking was started in last quarter of 20th century to cater the needs of Muslims around the world although it is not limited to Muslims only. It has shown marvelous growth and expansion worldwide. This book is written with a clear focus on learning of Islamic banking by accounting, business and finance students/professionals. Resources available on the subject have so for focused on legal side and very negligible work is available on financial front for a common user. This book is written in financial perspective and author has focused upon financial impacts, generated by application of Islamic financial laws. However a summary of Islamic commercial laws of each chapter has been provided. Author has adopted balance sheet method to inculcate the knowledge; hence, understanding of elementary balance sheet is pre-requisite to get maximum out of this book. A special section in each chapter is developed for concept building through illustrations. To test the concept essay questions, true/false statements, multiple choice questions and sufficient number of exercises in addition to mini cases are included at chapters end.This book is useful for MBA/BBA students as a three credit hour course as well as practitioners of Islamic banking. It is also useful for accounting & finance professionals, trainers in Islamic banking, regulators, investors, corporate managers and general public interested in understanding Islamic finance. For Comments please send message at [email protected].
It has shown marvelous growth and expansion worldwide. This book is written with a clear focus on learning of Islamic banking by accounting, business and finance students/professionals.
Felicia Wainwright has it all—beauty, education, talent and a handsome, successful husband who is madly in love with her. To make their lives perfect, she and her husband, Warren, decide to have a baby. Someone close to Felicia wants what she has and tries to sabotage her life. And the consequences turn ugly and violent. Shattered Dreams is a story of love, betrayal, jealousy and revenge.
Felicia Wainwright has it all—beauty, education, talent and a handsome, successful husband who is madly in love with her.
'People are too inclined to regard their current institutions as the inevitable outcome of a natural evolutionary process. In respect of banking, it is salutary to note that Islamic banking works on a quite different, non-interest-bearing, basis from Western banking; and that several major religions, including Christianity, were in earlier times ethically opposed to interest/usury, but only Islam now keeps that faith. Professor Mervyn Lewis is a highly respected authority on (Western) banking and finance, and Latifa Algaoud is a senior official in Bahrain with a deep knowledge of Islamic banking institutions. Between them they present a highly readable assessment of Islamic banking from both (East/West) viewpoints, with a clear account of its history and principles, and its current position and state.' - Charles Goodhart, London School of Economics, UK 'Islamic banking has become a significant part of global banking. This is a very timely and well written book which successfully links the modern theories of conventional banking and financial intermediation and the theoretical and practical aspects of Islamic banking. By linking theory and practice, and setting Islamic banking in a wider analytical framework, the book will be invaluable to anyone with a theoretical, practical or regulatory interest in Islamic banking.' - David T. Llewellyn, Loughborough University, UK the prohibition of interest is the feature of Islamic banking which most distinctly sets it apart from conventional banking. to Western eyes, this seems a strange restriction, but Christian countries themselves maintained such a ban for 1,400 years. Islamic Banking asks why Islam has been able to maintain its stand. the book explores the intricacies of Islamic law and the religious and ethical factors underpinning Islamic banking. It then considers the analytical basis of Islamic banking in the light of modern theories of financial intermediation, and identifies the conceptual issues to be overcome.
This is a very timely and well written book which successfully links the modern theories of conventional banking and financial intermediation and the theoretical and practical aspects of Islamic banking.
The expert contributors examine why an ethical foundation is important and why the system requires well-thought-out regulations to ensure outcomes that protect the community�s well-being. The volume explores in detail the nature of Islamic banking prod
Following an initial volume, The Foundations ofIslamic Banking. Theory, Practice
and Education, 2011, the first volume in the series dealt with a specialized area,
namely The Islamic Debt Marketfor Sukuk Securities (2012). The present book is
...
A comprehensive overview of key developments in Islamic banking In Islamic Banking in Indonesia, renowned economist Dr. Rifki Ismal explores current issues in Islamic banking and financial products with a particular focus on the danger of liquidity risk in Indonesia. It approaches liquidity risk from the conventional perspective of international banking standards, as well as from the Islamic banking perspective. Dr. Ismal also covers the issues of asset-liability balancing, liquidity risk index, organizational structures for managing liquidity, industrial analysis, withdrawal risk, bankruptcy risk, moral hazard risk, and market risk. Compiling all the latest academic research on liquidity risk and other risks in Islamic banking, the book provides a theoretical foundation for managing risk that will is highly useful for researchers on Islamic banking and practitioners and academics. Written by a renowned expert on Islamic banking who works on monetary policy at the central bank of Indonesia Covers the latest developments in Islamic banking, particularly liquidity risk, for a rapidly expanding market Ideal for European and American readers, in addition to Asian readers, who need a fuller understanding of Islamic banking institutions, markets, and products With the latest academic research and the expertise of a leading practitioner in Islamic banking, this book offers in-depth coverage of the most pressing issues in the field.
This is because funds utilized in Musharakah financing is a combination of funds
from the Qardh hassan Central Bank certificate and from the government (
entrepreneur) funds. However, the use of the Qardh hassan funds should
consider the ...
After barely half a century of experience, Islamic banking has become established as a new niche industry across the world offering new and sophisticated financial products designed to be compliant with the principles of Islamic legal principles and common law. This comprehensive book explores the theory, principles and practices underpinning this rapidly expanding sector of banking. Expert contributors ¿ including eminent scholars and senior practitioners in the field ¿ examine the roots of the principles of ethical Islamic financial transactions, which have evolved over several millennia, on issuesincluding usury, interest rates, financial contracting for funding enterprises, for mortgages, for leasing and other financial transactions. Regulatory and governance issues are discussed, and the practice and operation of Islamicfinancial institutions are explained via three distinct case studies. Importantly, the final chapter looks at what steps are being taken to provide professional accreditation to Islamic banking professional personnel, and prescribes requirements for training in this growing industry.
Subsequent writings also on the practices of Islamic banking have made
important contributions, on the one hand to the evolution of new forms of Islamic
business enterprises and on the other to conceptual development of Islamic
modes and ...
This volume of al-Tabari's History covers nearly a quarter of a century, and after covering the very brief caliphate of al-Hadi, concentrates on that of Harun al-Rashid. During these years, the caliphate was in a state of balance with its external foes; the great enemy, Christian Byzantium, was regarded with respect by the Muslims, and the two great powers of the Near East treated each other essentially as equals, while the Caucasian and Central Asian frontiers were held against pressure from the Turkish peoples of Inner Eurasia. The main stresses were internal, including Shi'ite risings on behalf of the excluded house of 'Ali, and revolts by the radical equalitarian Kharijites; but none of these was serious enough to affect the basic stability of the caliphate. Harun al-Rashid's caliphate has acquired in the West, under the influence of a misleading picture from the Arabian Nights, a glowing image as a golden age of Islamic culture and letters stemming from the Caliph's patronage of the exponents of these arts and sciences. In light of the picture of the Caliph which emerges from al-Tabari's pages, however, this image seems to be distinctly exaggerated. Al-Rashid himself does not exhibit any notable signs of administrative competence, military leadership or intellectual interests beyond those which convention demanded of a ruler. For much of his reign, he left the business of government to the capable viziers of the Barmakid family--the account of whose spectacular fall from power forms one of the most dramatic features of al-Tabari's narratives here--and his decision to divide the Islamic empire after his death between his sons was to lead subsequently to a disastrous civil war. Nevertheless, al-Tabari's story is full of interesting sidelights on the lives of those involved in the court circle of the time and on the motivations which impelled medieval Muslims to seek precarious careers there. A discounted price is available when purchasing the entire 39-volume History of al-Tabari set. Contact SUNY Press for more information.
'Uthman al-Qadi, 40 Umm al-'Abbas Nunah bt. Musa al- Hadi, 59 Umm 'Abdallah
bt. 'Isa b. 'Ali, 'Abbasid, 326 Umm Abiha bt. Harun al-Rashid, 328 Umm 'Ali bt.
Harun al-Rashid, 328 Umm al-Ghaliyah bt. Harun al- Rashid, 328 Umm Habib bt.
