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Handbook of Islamic Banking

Handbook of Islamic Banking

Author: M. Kabir Hassan
Publisher: Edward Elgar Publishing
ISBN: 9781848444737
Published In: April 2009
Format: Paperback , 464 pages
Jurisdiction: International ? Disclaimer:
Countri(es) stated herein are used as reference only

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The Handbook of Islamic Banking comprises 25 studies by leading international experts on Islamic banking and finance specially commissioned to analyse the various debates and the current state of play in the field.

From its origins thirty years ago, Islamic banking has expanded rapidly to become a distinctive and fast growing segment of the international banking and capital markets. Despite this expansion, Islamic banking still remains poorly understood in many parts of the Muslim world and continues to be a mystery in much of the West. This comprehensive Handbook provides a succinct analysis of the workings of Islamic banking and finance, accessible to a wide range of readers. At the same time, it seeks to bring the current research agenda and the main issues on Islamic banking before a wider audience.

Islamic banking offers, as an alternative to conventional interest-based financing methods, a wide variety of financial instruments and investment vehicles based on profit-and-loss sharing arrangements. These are all explored in detail along with other subjects such as governance and risk management, securities and investment, structured financing, accounting and regulation, economic development and globalization.

M. Kabir Hassan, Mervyn Lewis and the other contributors have created an authoritative and original reference work, which will contribute to a wider understanding of Islamic banking as well as provoking further discussion and research. It will be invaluable to all scholars, researchers and policymakers with an interest in this subject.

1. Islamic Banking: An Introduction and Overview
M. Kabir Hassan and Mervyn K. Lewis

PART I: FOUNDATIONS OF ISLAMIC FINANCING
2. Development of Islamic Economic and Social Thought
Masudul Alam Choudhury

3. Islamic Critique of Conventional Financing
Latifa M. Algaoud and Mervyn K. Lewis

4. Profit-and-loss Sharing Contracts in Islamic Finance
Abbas Mirakhor and Iqbal Zaidi

5. Comparing Islamic and Christian Attitudes to Usury
Mervyn K. Lewis

PART II: OPERATIONS OF ISLAMIC BANKS
6. Incentive Compatibility of Islamic Financing
Humayon A. Dar

7. Operational Efficiency and Performance of Islamic Banks
Kym Brown, M. Kabir Hassan and Michael Skully

8. Marketing Islamic Financial Products
Said M. Elfakhani, Imad J. Zbib and Zafar U. Ahmed

9. Governance of Islamic Banks
Volker Nienhaus

10. Risk Management in Islamic Banking
Habib Ahmed and Tariqullah Khan

PART III: INSTRUMENTS AND MARKETS
11. Islamic Money Market Instruments
Sam R. Hakim

12. Trade Financing in Islam
Ridha Saadallah

13. Securitization in Islam
Mohammed Obaidullah

14. Islamic Project Finance
Michael J.T. McMillen

15. Islam and Speculation in the Stock Exchange
Seif El-Din Tag El-Din and M. Kabir Hassan

16. Islamic Mutual Funds
Said M. Elfakhani, M. Kabir Hassan and Yusuf M. Sidani

PART IV: ISLAMIC SYSTEMS
17. Islamic Banks and Economic Development
Monzer Kahf

18. Islamic Methods for Government Borrowing and Monetary Management
M. Fahim Khan

19. Accounting Standards for Islamic Financial Services
Simon Archer and Rifaat Ahmed Abdel Karim

20. Mutualization of Islamic Banks
Mahmoud A. El-Gamal

21. Challenges Facing the Islamic Financial Industry
M. Umer Chapra

PART V: GLOBALIZATION OF ISLAMIC BANKING
22. International Islamic Financial Institutions
Munawar Iqbal

23. Islamic Financial Centres
Ricardo Baba

24. Islamic Banking and the Growth of Takaful
Mohd Ma’sum Billah

25. Islamic Banking in the West
Rodney Wilson

Edited by M. Kabir Hassan, University of New Orleans, US and Mervyn K. Lewis, Professor of Banking and Finance, University of South Australia and Fellow, Academy of the Social Sciences in Australia