Islamic Law

Handbook of Islamic Banking

By M. Kabir Hassan
Edward Elgar Publishing April 2009

Specifications

ISBN-13
9781848444737
Publisher
Edward Elgar Publishing
Publication
April 2009
Format
Paperback , 464 pages
Jurisdiction
International ? Countri(es) for reference only

Details

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.

Table of Contents

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 

About the Author

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

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