Islamic Banking and Finance, (4 Volume Set)

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

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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.
 

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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

Index