Title: Islamic Banking and Finance, (4 Volume Set) Author: Amer al-Roubaie, Shafiq Alvi ISBN: 0415485762 / 9780415485760 Format: Hard Cover Pages: 1610 Publisher: Routledge Year: 2010 Availability: 45-60 days
Description
Contents
Islamic banking refers to a financial system which is consistent with principles of Islamic law (or ‘sharia’) and guided by Islamic economics. In particular, Islamic law prohibits ‘riba’ or usury, the collection and payment of interest. Additionally, Islamic law prohibits investing in businesses considered unlawful (‘haram’) or contrary to Islamic values. In recent years, a number of Islamic banks have been created to cater to the growing demand, driven by globalization and the vast wealth of some Muslim states in the Middle East and Southeast Asia, and Islamic finance has moved from a niche position to become a mainstream component of the global banking system.
A large amount of research has been undertaken into this subject (much of which highlights the institutional aspects of Islamic social, economic, and financial arrangements) and this new four-volume collection from Routledge meets the need for a one-stop collection of the best scholarship. Its scope extends from the time of the creation of Islamic institutions in accordance with Quranic principles to the present day. And while Islamic Banking and Finance surveys the historic evolution of Islamic financial institutions over the last 1,400 years, it also illustrates the directions in which the subject is moving, including its role in the new world order, good governance, and transparency, and how the gaps can be bridged between Islamic and conventional financial systems.
With a full index, together with a comprehensive introduction newly written by the editor which places the collected material in its historical and intellectual context, Islamic Banking and Finance is an essential work of reference. It is destined to be valued by economists - as well as by scholars, students, and researchers of Islamic Studies, Middle East Studies, and Business Studies - as a vital resource.
Volume 1 : Pre and Early Islamic Finance
Acknowledgements
General Introduction - Amer Al-Roubaie and Shafiq Alvi
Introduction to volume 1 - Murat Cizakca
Part 1 : Pre-Islamic Financial Setup Chapter 1 : Interregional Trade and The Formation of Prehistoric Gateway Communities’, American Antiquity Chapter 2 : The Economic Relations of The Neo-Assyrian Empire with Egypt’, Journal of The American Oriental Studie Chapter 3 : Anthropological Perspectives on Ancient Trade’, Current Anthropology Chapter 4 : Credit in Medieval Trade’, Economic History Review, 1, 1927-28 Chapter 5 : The Balance of Trade in Southwestern Asia in The Mid-Third Millennium BC’, Current Anthropology Chapter 6 : Mudaraba: An Ancient Mode of Finance’, Journal of Islamic Banking and Finance Chapter 7 : Financial Intermediation in The Early Roman Empire’, Journal of Economic History
Part 2 : Early Islamic Financial System Chapter 8 : Economic and Fiscal System during The Life of Holy Prophet (P.B.U.H.)’, Journal of Islamic Banking and Finance Chapter 9 : On The Markets of Medina (Yathrib) in Pre-Islamic and Early Islamic Times’, Jerusalem Studies in Arabic and Islam Chapter 10 : Early Arab Economic Policies (1st/7th – 4th/10th Centuries)’, Islamic Studies Chapter 11 : Public Borrowing in Early Islamic History’, in The Role of The State in The Economy: As Islamic Perspective Chapter 12 : Reflections on The Institution of Credit and Banking in The Medieval Islamic Near East’, Studia Islamica Chapter 13 : Taxation Policy in Early Islam: The Pioneering Contribution of Abu Yusuf’, Muslim and Arab Perspectives Chapter 14 : The Permissible Gharar (Risk) in Classical Islamic Jurisprudence’, Islamic Economics
Part 3 : Islamic Economic Philosophy Chapter 15 : Defining Islamic Economics’, Journal of Islamic Banking and Finance Chapter 16 : The Islamic Economic System’, Journal of Comparative Economics Chapter 17 : The Islamic Doctrine of Economics and Contemporary Economic Thought’, American Enterprise Institute for Public Policy Research Chapter 18 : Chapter : Islamic Economics: The Emergence of a New Paradigm’, The Economic Journal Chapter 19 : Al-Ghazzali on Social Justice: Guidelines for a New World Order from an Early Medieval Scholar’, International Journal of Social Economics Chapter 20 : Charity in The World of Islam: Waqf’s Origin and Evolution’, paper delivered at The Conference on Indigenous Charities: Historical Studies of Charity Institutions Across Cultures
Volume 2 : Evolution of Islamic Financial System
Acknowledgements
Introduction – Bilal Kuspinar
Part 4 : Islamic Finance: Evolution and Institutions Chapter 21 : Financial Engineering in Islamic Finance’, Thunderbird International Business Review Chapter 22 : Two Paths to Development: Capitalist vs. Islamic Approach’, Hamdard Islamicus Chapter 23 : Why Do Financial Systems Differ? History Matters’, Journal of Monetary Economics Chapter 24 : Islamic Banking in The Making’, Journal of Islamic Banking and Finance Chapter 25 : Origin and Development of Commercial and Islamic Banking Operations’, Islamic Economics Chapter 26 : Monetary Management in an Islamic Economy’, Islamic Economics Chapter 27 : Introducing Islamic Banks into Conventional Banking System’, IMF Working Paper
Part 5 : The Discourse on Interest – Religious Context Chapter 28 : What is Riba?’ in Abdulkader Thomas (ed.), Interest in Islamic Economics Chapter 29 : From Usury to Interest’, Journal of Economic Perspectives Chapter 30 : Metaphysics and Economy – The Problem of Interest: A Comparison of The Practice and Ethics of Interest in Islamic and Christian Cultures’, International Journal of Social Economics Chapter 31 : Buying a Passport to Heaven: Usury, Restitution and The Merchants of Medieval Genoa’, Religion Chapter 32 : Lending at Interest: Some Jewish, Greek and Christian Approaches 800 BC-100 AD’, History of Political Economy Chapter 33 : The Treatment of Usury in The Holy Scriptures’, Thunderbird International Business Review
Part 6 : The Islamic View of Interest Chapter 34 : Conceptual Foundation of Riba in Qur’an, Hadith and Fiqh’, Journal of Islamic Banking and Finance Chapter 35 : The Moral Context of The Prohibition of Rib%u0101 in Islam Revisited’, American Journal of Islamic Social Sciences Chapter 36 : Why has Islam Prohibited Interest? Rationale behind The Prohibition of Interest’, Review of Islamic Economics Chapter 37 : Prohibition of Riba (Interest) and Insurance in The Light of Islam’, Islamic Studies Chapter 38 : Interest and The Paradox of Contemporary Islamic Law and Finance’, Fordham International Law Journal
Part 7 : The Secular (Modern) View of Interest Chapter 39 : The Economics of Usury Regulation’, Journal of Political Economy Chapter 40 : A Short Review of The Historical Critique of Usury’, Accounting, Business and Financial History Chapter 41 : Riba in Contemporary Literature’, in Issues in Islamic Economics Chapter 42 : Adam Smith’s Case for Usury Laws’, History of Political Economy
Volume 3 : Current Islamic Finance
Acknowledgements
Introduction – Syed Ali Tawfik al-Attas
Part 8 : Islamic Financial System: Theory and Practice Chapter 43 : Ethics, Islamic Banking and The Global Financial Market’, World Policy Journal, 23, 1, Winter-Spring 1999 Chapter 44 : Islamic Financial Systems’, Journal of Islamic Banking and Finance Chapter 45 : Islamic Banks and Financial Stability: An Empirical Analysis Chapter 46 : Central Banking in an Interest-Free Banking System’, Islamic Banking and Finance Chapter 47 : Involving Islamic Banks in Central Bank Open Market Operations’, Thunderbird International Business Review Chapter 48 : Central Banking in an Interest-Free Banking System’, Islamic Economics Chapter 49 : The Concept of Riba and Salient Features of Islamic Financial System’, in Islamic Banking and Finance
Part 9 : Capitalization of Islamic Institutions
Chapter 50 : The Implication of Using Profit and Loss Sharing Modes of Finance in The Banking System with a Particular Reference to Equity Participation (Partnership) Method in Sudan’, Humanomics: International Journal of Systems and Ethics Chapter 51 : A Capital Adequacy Framework for Islamic Banks: The Need to Reconcile Depositors’ Risk Aversion With Managers’ Risk Taking’, Applied Financial Economics Chapter 52 : Prudential Regulation of Islamic Banks: An Analysis of Capital Adequacy Standards’, Review of Islamic Economics Chapter 53 : Portfolio Management of Islamic Banks: "Certainty Model"’, Journal of Banking and Finance Chapter 54 : "The Impact of Capital Requirements on Banks’ Cost of Intermediation and Performance: The Case of Egypt’, Journal of Economics and Business
Part 10 : Islamic Financial Instruments Chapter 55 : Principles of Shariah Governing Islamic Investment Funds’, Journal of Islamic Banking and Finance Chapter 56 : Islamic Financial Instruments: Definition and Types’, Review of Islamic Economics Chapter 57 : Islamic Asset Management: An Expanding Sector’, Review of Islamic Economics Chapter 58 : A Shari’ah Analysis of Issues in Islamic Leasing’, Islamic Economics Chapter 59 : Efficiency of Conventional Versus Islamic Banks: Evidence from The Middle East’, International Journal of Islamic and Middle Eastern Finance Chapter 60 : Islamic Financial Institutions and Products in The Global Financial System: Key Issues in Risk Management and Challenges Ahead Chapter 61 : Legality of Corporate Governance in Islamic Finance’, forthcoming in Journal of Asian Politics and Policy
Part 11 : Management and Governance of Islamic Institutions Chapter 62 : Recent Development in The Market for Islamic Mortgages: Theory and Practice’, Review of Islamic Economics Chapter 63 : Regulatory Challenges Posed by Islamic Capital Market Products and Services’, Journal of Islamic Banking and Finance Chapter 64 : Islamic Financial Intermediation: Economic and Prudential Considerations Chapter 65 : Credit Creation and Control: An Unresolved Issue in Islamic Banking’, Journal of Islamic and Middle Eastern Finance and Management Chapter 66 : Distribution of Profits in Islamic Banking: A Case Study of Faysal Islamic Bank of Sudan (FIBS)’, Islamic Economics Chapter 67 : Islamic and "Social Accounting"’, Journal of Business Finance and Accounting
Volume 4 : Future Islamic Finance
Acknowledgements
Introduction – Mohammad Hashim Kamali
Part 12 : Prospects for Islamic Finance Chapter 68 : Islamic Finance: A Bulwark Against Contagion in The Global Banking System’, Journal of Civilization Studies Chapter 69 : Islamic Finance: A Growing International Market’, Thunderbird International Business Review Chapter 70 : Islamic Banks: Concept, Precept and Prospects’, Review of Islamic Economics Chapter 71 : Islamic Banking and Finance: On its Way to Globalization’, Managerial Finance Chapter 72 : Islamic Banking: Rationale, Prospects and Challenges’, Journal of Islamic Banking and Finance Chapter 73 : Islamic Banks at The Threshold of The Third Millennium’, Thunderbird International Business Review Chapter 74 : The Stock Exchange and Islamic Finance: Some Thoughts for a Reconsideration’, The Islamic Quarterly Chapter 75 : Progress and Challenges of Islamic Banking’, Review of Islamic Economics
Part 13 : Challenges Facing Islamic Finance Chapter 76 : Islamic Banking: Present and Future Challenges’, Journal of Management and Social Sciences Chapter 77 : Foreign Transactions in an Interestless Economy’, in Interest Free Banking Chapter 78 : Future of Islamic Banking’, Journal of Islamic Banking and Finance Chapter 79 : Islamic Finance and Banking: The Challenge of The 21st Century Chapter 80 : Some Strategic Suggestions for Islamic Banking in 21st Century' Chapter 81 : Islamic Finance Gears Up’, Finance and Development, December 2005 Chapter 82 : Islamic Banking and Finance in Theory and Practice: The Experience of Malaysia and Bahrain’, American Journal of Islamic Social Sciences
Part 14 : Globalization of Islamic Financial System Chapter 83 : Future of Islamic Banking in Canada’, in Imtiazuddin Ahmad (ed.), Islamic Banking and Finance: The Concept, The Practice and The Challenge Chapter 84 : Financial Analysis of Performance of Islamic Banks in GCC Countries’, Journal of Islamic Banking and Finance Chapter 85 : Islamic Banking Experiences in The Islamic Republic of Iran and in Pakistan’, Economic Development and Cultural Change Chapter 86 : Jordan: The Experience of The Jordan Islamic Bank’, in Rodney Wilson (ed.), Islamic Financial Markets Chapter 87 : The Permissibility and Potential of Developing Islamic Derivatives as Financial Instruments’, Journal of Economics and Management Chapter 88 : Islamic Banking: A Study in Singapore’, International Journal of Bank Marketing Chapter 89 : Islamic Banking in Thailand: Prospects and Challenges’, Journal of Islamic Banking and Finance Chapter 90 : Turkey: Islamic Banking in a Secularist Country, Islamic Financial Markets Chapter 91 : Challenges and Opportunities for Islamic Banking and Finance in The West: The United Kingdom Experience’, Thunderbird International Business Review