Islamic Finance: Instruments and Markets

Cover......Page 1
Contents......Page 6
Contributors......Page 8
Best Practice: Instruments......Page 12
Viewpoint: Shariah Law—Bringing a New Ethical Dimension to Banking......Page 14
Islamic Modes of Finance and the Role of Sukuk......Page 18
Introduction to Islamic Financial Risk Management Products......Page 22
Islamic Insurance Markets and the Structure of Takaful......Page 28
Identifying the Main Regulatory Challenges for Islamic Finance......Page 32
Islamic Microfinance: Fulfilling Social and Developmental Expectations......Page 36
Risk Management of Islamic Finance Instruments......Page 42
Sukuk Issuance and Issues in Purchase Undertakings......Page 50
Auditing Islamic Financial Institutions......Page 56
Islamic Finance Litigation......Page 60
Best Practice: Markets......Page 66
Islamic Capital Markets: The Role of Sukuk......Page 68
Capital Adequacy Requirements for Islamic Financial Institutions: Key Issues......Page 72
The International Role of Islamic Finance......Page 78
Investment Risk in Islamic Finance......Page 84
Middle East and North Africa Region: Financial Sector and Integration......Page 90
Managing Shariah-Compliant Portfolios: The Challenges, the Process, and the Opportunities......Page 96
Small and Medium-Sized Enterprises and Risk in the Gulf Cooperation Council Countries: Managing Risk and Boosting Profit......Page 106
Bankruptcy Resolution and Investor Protection in Sukuk Markets......Page 112
Procedures for Reporting Financial Risk in Islamic Finance......Page 120
The Emergence and Development of Islamic Banking......Page 124
Islamic Finance and the Global Financial Crisis......Page 130
Checklists: Instruments......Page 134
Alternatives to Riba in Islamic Finance......Page 136
Key Islamic Banking Instruments and How They Work......Page 138
Key Principles of Islamic Finance......Page 140
Murabahah Sale Instruments and Their Applications......Page 142
An Overview of Shariah-Compliant Funds......Page 144
Possibilities for Shariah-Compliant Derivatives......Page 146
The Role of the Shariah Advisory Board in Islamic Finance......Page 148
Sukuk: Islamic Bonds......Page 150
Takaful Insurance......Page 152
Checklists: Markets......Page 154
Business Ethics in Islamic Finance......Page 156
Islamic Commercial Law......Page 158
Islamic Equity Funds......Page 160
Islamic Joint Ventures......Page 162
Islamic Law of Contracts......Page 164
Islamic Microfinance......Page 166
Managing Risk in Islamic Finance......Page 168
Regulatory and Capital Issues under Shariah Law......Page 170
Country Profiles......Page 172
Shariah Law: An International Perspective......Page 174
Algeria......Page 178
Bahrain......Page 180
Bangladesh......Page 182
Brunei......Page 184
Egypt......Page 186
Indonesia......Page 188
Iran......Page 190
Iraq......Page 192
Israel and the Palestinian Territories......Page 194
Jordan......Page 196
Kuwait......Page 198
Lebanon......Page 200
Libya......Page 202
Malaysia......Page 204
Morocco......Page 206
Pakistan......Page 208
Qatar......Page 210
Saudi Arabia......Page 212
Syria......Page 214
United Arab Emirates......Page 216
Information Sources......Page 218
Books......Page 220
Magazines......Page 227
Journals......Page 229
Internet......Page 230
Organizations......Page 232
G......Page 236
S......Page 237
Y......Page 238