Overview

Islam has a very specific approach to commercial transactions, the law of contract, interest charges, indeed to the very nature of property. For financial institutions operating in an Islamic environment, or seeking to meet the requirements of communities committed to Islamic law, this poses a variety of problems. This important book investigates how such a challenge can be met in practice. The authors investigate the way Islamic banks work within different economic, financial, social, legal and religious environments. They take the reader through the basic principles involved, the issues that arise, and the difficulties that are often encountered. Drawing on detailed studies of Islamic banking in London, Jordan, Turkey, Malaysia and Pakistan, they provide an understanding of how complex Islamic concepts impact upon the use of financial instruments, commercial priorities and services. Relationships with central banks, comparative analysis of financial statements and the role of Islamic banking in a development context are also covered. ISLAMIC BANKING will be essential reading to all those involved in the setting up and running of Islamic banking units in western countries, and a key resource for students of economics in the international arena.

Full Product Details

Author:   Fuad A Al-Omar ,  Mohammed Abdel Haq
Publisher:   Bloomsbury Publishing PLC
Imprint:   Zed Books Ltd
Dimensions:   Width: 13.80cm , Height: 1.70cm , Length: 21.60cm
Weight:   0.410kg
ISBN:  

9781856493437

ISBN 10:   1856493431
Pages:   160
Publication Date:   27 June 1996
Audience:   General/trade ,  General
Format:   Hardback
Publisher's Status:   Active
Availability:   Manufactured on demand  
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Table of Contents

Contents 1. Framework of Islamic Finance 2. Oerview of Islamic Banking 3. Al-Baraka International Bank Ltd: The Experience of an Islamic Bank in England 4. The Jordan Islamic Bank for Finance and Investment: The Experience of an Islamic Bank in Jordan. 5. Special Finance Houses in Turkey 6. Islamic Banking in Malaysia 7. Derivatives, and the Challenges in the Development of Islamic Secondary Market Instruments: The Experience of the IDB 8. Islamic Banking in Pakistan 9. Comparative Analysis of the Financial Statements of Islamic and non-Islamic Banks 10. The Challenges Faced by Islamic Banks 11. Important Considerations before Engaging in Islamic Transactions. 12. Conclusions and Recommendations Preface Glossary Abbreviations 1. Framework of Islamic Finance 2. Overview of Islamic Banking 3. Al-Baraka International Bank Limited (AIBL): The Experience of an Islamic Bank in England 4. The Jordan Islamic Bank for Finance and Investment (JIB): The Experience of an Islamic Bank in Jordan 5. Special Finance Houses in Turkey, with Emphasis on (Al-Baraka Turk) Al-Baraka Turkish Finance House 6. Islamic Banking in Malaysia 7. Derivatives, and the Challenges in the Development of Islamic Secondary-Market Instruments: The Experience of the Islamic Development Bank 8. Islamic Banking in Pakistan 9. Comparative Analysis of the Financial Statements of Islamic and non-Islamic Banks 10. The Challenges Faced by Islamic Banks 11. Important Considerations Before Engaging in Islamic Transactions 12. Conclusions and Recommendations References Index Tables

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Author Information

Fuad Al-Omar is Vice President (Finance) of the Islamic Development Bank (Jeddah). Mohammed Kayed Abdel-Haq is a manager at a London-based merchant bank.

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