Browsing by Topic Islamic banking

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Showing results 91 to 100 of 171
  • islamic_finance_multipolar_world_abbas.pdf.jpg
  • Industry Article


  • Authors: Mirakhor, Abbas (2011-10-20)

  • Continuation of a debt-based financing regime will not necessarily allow the benefits of emerging multipolarity to accrue to the world economy. The new system can be more effective with a new regime of financing. Indications are that almost all emerging countries in Asia are actively considering risk sharing via Islamic finance as a possible alternative.

  • islamic_finance_insolvencies.pdf.jpg
  • Chapter in Book


  • Authors: Zada, Najeeb; Lahsasna, Ahcene; Mahomed, Ziyaad; Saleem, Muhammad Yusuf (2017)

  • Like many other financial institutions, Bahrain-based Arcapita Bank operating in the United States was hit hard by the Eurozne crisis that followed the global financial crisis. Unable to restructure its $1.1 billion debt obligations due in March 2013, the bank decided to file for Chapter 11 protection in the US Bankruptcy Court. This case study introduces Arcapita and its operations, explains the US Chapter 11 and its important aspects like debtor in possession (DIP) financing, highlights the most significant episodes of the Arcapita case, and concludes with important lessons embedded in the proceedings. Available in physical copy only (Call Number: HG 3368 A6 I82Na)

  • islamic_norms_excel_time_value.pdf.jpg
  • Chapter in Book


  • Authors: Hasan, Zubair (2014)

  • This chapter adds to the series of writings on Islamic home financing presented and published by the author on the subject of compounding versus and Islamic Shari'ah-consistent requirement for computation to avoid continuos compounding. It spells out certain normas Islamic banks must observe in home financing, and demonstrates that the conventional time value formula in Excel does not the stated norms. Available in physical copy and ebook (Call Number: HG 3368 A6 R595L)

  • item.jpg
  • Journal Article


  • Authors: Hasan, Zubair (2013)

  • This paper adds to the series of writings on Islamic home financing presented and published by the author since February 2010. It spells out certain norms Islamic banks must observe in home financing and demonstrates that the conventional model based on an Excel formula does not meet the stated norms. It may well be emphasized that in Islam the question of observing these norms arises before, and not after, the selection of the formula; additional juristic requirements may only follow subsequently. Is it not then strange many Islamic banks are using the formula to determine the periodic instalment payments in their home financing programs? The paper finds, for example, the popular Mus...

  • Issues_Islamic_banking_finance_Islamic_banks_Shari’ah-compliant_investment_sukuk_mansor.pdf.jpg
  • Journal Article


  • Authors: Ibrahim, Mansor H. (2015)

  • This introductory article of the special issue “Islamic Banking and Finance II” highlights various studies on fast-growing Islamic finance industry. It focuses specifically on Islamic banking and Islamic capital market research. To date, scholarly research on Islamic finance is mainly confined to empirical verification of its performance on the argument that the Islamic finance is distinct from conventional finance. While more works need to be done to soundly and concretely justify the viability of Islamic finance, future works should aim at placing the Islamic foundations of the industry in proper theoretical settings beyond the statement that it is different. In addition, theoretica...

  • issues_in_the_risk_and_regulation_of_islamic_banking.pdf.jpg
  • Chapter in Book


  • Authors: Ariff, Mohamed; Lewis, Mervyn K.; Ramadili Mohd, Shamsher Mohamad (2014)

  • This book is the result of an international collaboration of scholars, all specializing in the field of Islamic finance, publishing symposium findings under the Edward Elgar series on the Foundation of Islamic Finance. Following an initial volume, The Foundations of Islamic Banking. Theory, Practice and Education, 2011, the first volume in the series dealt with a specialized area, namely The Islamic Debt Market for Sukuk Securities (2012). The present book is entitled Risk and Regulation of Islamic Banking, and in comparison with the 2011 volume contains conceptual material, along with new ideas on Islamic banking products, risk, regulation and associated practical issues. Availabl...

  • issues of form and substance.pdf.jpg
  • Chapter in Book


  • Authors: Saleem, Muhammad Yusuf (2013)

  • There is growing criticism levelled against Islamic banking and financial products where industry critics argue that Islamic banks' deposit and finance products are the eaxt replicas of their conventional counterparts in substance. The difference, they contend, is only in the "form" where some English terms are replaced by Arabic ones. They contend that the gift (hibah) given by Islamic banks to their wadi'ah account holders and profit share given to the mudharabah investment account holders resemble interest which conventional banks give to their savings account holders.

  • iwad_requirement_lawful_sale_critical_analysis_saiful.pdf.jpg
  • Journal Article


  • Authors: Rosly, Saiful Azhar (2001)

  • This paper will argue that replacing riba' with al-bay' does not mean that the latter can imply any form of sale (al-bay') to justify Islamic legitimacy. Apart from the prohibition of uncertainties (gharar) in sale, the requirement of an equivalent countervalue (ciwa') must also be met. Risk (ghurm) and liability (iman) after sale and value-addition or effort (ikhtiyar) are the principal components of ciwa'. As such, any increase from sale must contain ciwa', otherwise riba' is implicated. In classical Islamic commercial contracts such as ijarah, salam and mudarabah, ciwa' is evident. However, the contracts of credit of al-murabahah or al-bay bithaman ajil are widely used by Islamic b...

  • laws_pertinent_to_corporate_governance_of_Islamic_banks_Malaysia_aishath.PDF.jpg
  • Journal Article


  • Authors: Muneeza, Aishath (2012)

  • Malaysia is the cranium of Islamic banking and the most sophisticated laws on the matter could be found in Malaysia. Corporate governance legal infrastructure of Islamic banks is an area that is not explored much. Whenever a person talks about the corporate governance of Islamic banks, people perceive it as Shariah governance or the regulation of the Shariah Advisory Boards established in the Islamic banks. It has been misconceived that Islamic banks only apply Shariah or Islamic law which is not codified as legislations but based on what the Shariah scholars who sit in Shariah Advisory Boards derive. This may be the reason as to why Islamic banks are often considered to be prone to t...

Browsing by Topic Islamic banking

Jump to: 0-9 A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
or enter first few letters:  
Showing results 91 to 100 of 171
  • islamic_finance_multipolar_world_abbas.pdf.jpg
  • Industry Article


  • Authors: Mirakhor, Abbas (2011-10-20)

  • Continuation of a debt-based financing regime will not necessarily allow the benefits of emerging multipolarity to accrue to the world economy. The new system can be more effective with a new regime of financing. Indications are that almost all emerging countries in Asia are actively considering risk sharing via Islamic finance as a possible alternative.

  • islamic_finance_insolvencies.pdf.jpg
  • Chapter in Book


  • Authors: Zada, Najeeb; Lahsasna, Ahcene; Mahomed, Ziyaad; Saleem, Muhammad Yusuf (2017)

  • Like many other financial institutions, Bahrain-based Arcapita Bank operating in the United States was hit hard by the Eurozne crisis that followed the global financial crisis. Unable to restructure its $1.1 billion debt obligations due in March 2013, the bank decided to file for Chapter 11 protection in the US Bankruptcy Court. This case study introduces Arcapita and its operations, explains the US Chapter 11 and its important aspects like debtor in possession (DIP) financing, highlights the most significant episodes of the Arcapita case, and concludes with important lessons embedded in the proceedings. Available in physical copy only (Call Number: HG 3368 A6 I82Na)

  • islamic_norms_excel_time_value.pdf.jpg
  • Chapter in Book


  • Authors: Hasan, Zubair (2014)

  • This chapter adds to the series of writings on Islamic home financing presented and published by the author on the subject of compounding versus and Islamic Shari'ah-consistent requirement for computation to avoid continuos compounding. It spells out certain normas Islamic banks must observe in home financing, and demonstrates that the conventional time value formula in Excel does not the stated norms. Available in physical copy and ebook (Call Number: HG 3368 A6 R595L)

  • item.jpg
  • Journal Article


  • Authors: Hasan, Zubair (2013)

  • This paper adds to the series of writings on Islamic home financing presented and published by the author since February 2010. It spells out certain norms Islamic banks must observe in home financing and demonstrates that the conventional model based on an Excel formula does not meet the stated norms. It may well be emphasized that in Islam the question of observing these norms arises before, and not after, the selection of the formula; additional juristic requirements may only follow subsequently. Is it not then strange many Islamic banks are using the formula to determine the periodic instalment payments in their home financing programs? The paper finds, for example, the popular Mus...

  • Issues_Islamic_banking_finance_Islamic_banks_Shari’ah-compliant_investment_sukuk_mansor.pdf.jpg
  • Journal Article


  • Authors: Ibrahim, Mansor H. (2015)

  • This introductory article of the special issue “Islamic Banking and Finance II” highlights various studies on fast-growing Islamic finance industry. It focuses specifically on Islamic banking and Islamic capital market research. To date, scholarly research on Islamic finance is mainly confined to empirical verification of its performance on the argument that the Islamic finance is distinct from conventional finance. While more works need to be done to soundly and concretely justify the viability of Islamic finance, future works should aim at placing the Islamic foundations of the industry in proper theoretical settings beyond the statement that it is different. In addition, theoretica...

  • issues_in_the_risk_and_regulation_of_islamic_banking.pdf.jpg
  • Chapter in Book


  • Authors: Ariff, Mohamed; Lewis, Mervyn K.; Ramadili Mohd, Shamsher Mohamad (2014)

  • This book is the result of an international collaboration of scholars, all specializing in the field of Islamic finance, publishing symposium findings under the Edward Elgar series on the Foundation of Islamic Finance. Following an initial volume, The Foundations of Islamic Banking. Theory, Practice and Education, 2011, the first volume in the series dealt with a specialized area, namely The Islamic Debt Market for Sukuk Securities (2012). The present book is entitled Risk and Regulation of Islamic Banking, and in comparison with the 2011 volume contains conceptual material, along with new ideas on Islamic banking products, risk, regulation and associated practical issues. Availabl...

  • issues of form and substance.pdf.jpg
  • Chapter in Book


  • Authors: Saleem, Muhammad Yusuf (2013)

  • There is growing criticism levelled against Islamic banking and financial products where industry critics argue that Islamic banks' deposit and finance products are the eaxt replicas of their conventional counterparts in substance. The difference, they contend, is only in the "form" where some English terms are replaced by Arabic ones. They contend that the gift (hibah) given by Islamic banks to their wadi'ah account holders and profit share given to the mudharabah investment account holders resemble interest which conventional banks give to their savings account holders.

  • iwad_requirement_lawful_sale_critical_analysis_saiful.pdf.jpg
  • Journal Article


  • Authors: Rosly, Saiful Azhar (2001)

  • This paper will argue that replacing riba' with al-bay' does not mean that the latter can imply any form of sale (al-bay') to justify Islamic legitimacy. Apart from the prohibition of uncertainties (gharar) in sale, the requirement of an equivalent countervalue (ciwa') must also be met. Risk (ghurm) and liability (iman) after sale and value-addition or effort (ikhtiyar) are the principal components of ciwa'. As such, any increase from sale must contain ciwa', otherwise riba' is implicated. In classical Islamic commercial contracts such as ijarah, salam and mudarabah, ciwa' is evident. However, the contracts of credit of al-murabahah or al-bay bithaman ajil are widely used by Islamic b...

  • laws_pertinent_to_corporate_governance_of_Islamic_banks_Malaysia_aishath.PDF.jpg
  • Journal Article


  • Authors: Muneeza, Aishath (2012)

  • Malaysia is the cranium of Islamic banking and the most sophisticated laws on the matter could be found in Malaysia. Corporate governance legal infrastructure of Islamic banks is an area that is not explored much. Whenever a person talks about the corporate governance of Islamic banks, people perceive it as Shariah governance or the regulation of the Shariah Advisory Boards established in the Islamic banks. It has been misconceived that Islamic banks only apply Shariah or Islamic law which is not codified as legislations but based on what the Shariah scholars who sit in Shariah Advisory Boards derive. This may be the reason as to why Islamic banks are often considered to be prone to t...