Islamic banking : theory, practice, and challenges / Fuad Al-Omar & Mohammed Abdel-Haq.
By: Al-Omar, Fuad
Contributor(s): Abdel-Haq, MohammedMaterial type: TextLanguage: English Publisher: Atlantic Highlands, NJ : Zed Books, 1996Description: 137 p. ; 23 cmISBN: 1856493431; 185649344X (pbk.)Subject(s): Banks and banking -- Islamic countries | Banks and banking -- Religious aspects -- Islam | Banking law (Islamic law)DDC classification: 332.10917671 LOC classification: HG3368.A6 | A443 1996Online resources: Publisher description | Table of contents | WorldCat Details
|Item type||Current location||Collection||Call number||Copy number||Status||Date due||Barcode||Item holds|
|Text||EWU Library Reserve Section||Non-fiction||332.10917671 ALI 1996 (Browse shelf)||C-1||Not For Loan||7050|
Al-Omar, Fuad, 1954-
Atlantic Highlands, NJ : Zed Books, 1996
Includes bibliographical references and index.
Table of contents 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. 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. Challenges Faced by Islamic Banks --
11. Important Considerations Before Engaging in Islamic Transactions --
12. Conclusions and Recommendations.
"Islam has a very specific approach to commercial transactions, the law of contract, the legitimacy of interest charges, indeed to the very nature of property. For financial institutions operating in an Islamic environment, or seeking to meet the requirements of Muslim communities, this poses a variety of problems. Islamic Banking investigates how these challenges are being met in practice." "The authors describe the way Islamic banks actually work within various economic, financial, legal and religious environments. They take the reader through the principles involved, issues that arise, and difficulties encountered." "Drawing on detailed studies of Islamic banking in the very different institutional and legal contexts of Jordan, Turkey, Malaysia and Pakistan, as well as London, they explain how Islamic concepts impact upon the use of financial instruments, commercial priorities and banking services. They also focus on Islamic banks' relations with central banks, comparative analysis of their financial performance and their role generally in a development context." "Islamic Banking will be essential reading for all those in Western banks and law firms involved in the setting up and running of banking units operating in accordance with Islamic precepts. It will also be a resource for students of international banking practice."--BOOK JACKET.