Frequently Asked Questions in Islamic Finance

From knowledge of the Qu'ran and Sharia'a Law, to new and old Islamic financial concepts, Islamic terms, and Islamic financial instruments and services, this book covers all the key areas that practitioners need to Islamic finance.

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Author: Brian Kettell

Publisher: John Wiley & Sons

ISBN: 9780470711897

Category: Business & Economics

Page: 334

View: 916

In Frequently Asked Questions in Islamic Finance, industry expert Brian Kettell answers some of the most frequently asked questions from his many years experience in working and teaching in Islamic finance and banking. From knowledge of the Qu'ran and Sharia'a Law, to new and old Islamic financial concepts, Islamic terms, and Islamic financial instruments and services, this book covers all the key areas that practitioners need to Islamic finance. The book addresses individual questions such as “what is Takaful?”, and provide answers with a clear overview of the product or service, and an example, or illustration where appropriate, of how they work in practice. The book also features a question and answer section for readers to test and build their knowledge of the area. Light, entertaining and varied in its approach, Frequently Asked Questions in Islamic Finance will prove popular for experienced practioners and novices alike.

Islamic Economic Studies

The question now is about Islamic Banking , how far it succeeded in doing its job
? ... Why unwilling to admit that most of our present economic problems are
mainly due to their dependency on the capitalist system that has failed even in ...

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Author:

Publisher:

ISBN: STANFORD:36105214191848

Category: Banks and banking

Page:

View: 717

Frequently Asked Questions in Corporate Finance

Under IFRS, inventories should be valued: - using the LIFO method 0 using the
FIFO method 0 using the identified purchase cost method 9. In Islamic finance: 0
in theory, interest at a fixed rate cannot be charged on a bank loan 0 in theory,
the ...

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Author: Pascal Quiry

Publisher: John Wiley & Sons

ISBN: 9781119960652

Category: Business & Economics

Page: 516

View: 619

The definitive question and answer guide to understanding corporate finance From the team behind the popular corporate finance website, Vernimmen.com comes a concise guide to the subject, presented in an easy-to-use, highly accessible "question and answer" format. An essential reference for students of corporate finance and practising corporate financiers alike, Frequently Asked Questions in Corporate Finance answers key questions in financial engineering, valuation, financial policy, cost of capital, financial analysis, and financial management. Covering both the theory and practice of corporate finance, the book demonstrates how financial theory can be put to use solving practical problems. What advantages are there to a business looking to spin off its divisions into subsidiaries? Is there a formula that can be used to determine the change in normalised free cash flows? What are the possible reasons behind a share buyback? What are the pros and cons of off-market share buy-back? Filled with the answers to all of the most common, and not so common, questions about corporate finance, the book presents authoritative, reliable information from a respected team of experts from the banking, corporate, and academic worlds.

Islamic Finance Instruments and Markets

Frequently Asked Questions in Islamic Finance Brian Kettell Chichester, UK:
Wiley, 2010 334pp, ISBN: 978-0-470-74860-2 This guide provides a host of
useful and interesting answers to the main FAQs in the world of Islamic finance. It
offers a ...

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Author: Bloomsbury Publishing

Publisher: Bloomsbury Publishing

ISBN: 9781849300391

Category: Business & Economics

Page: 240

View: 153

Islamic Finance: Instruments and Markets looks at the application of Sharia law to the world of banking and finance. It provides you with an understanding of the rationale behind the instruments and the rapidly developing Islamic financial markets. Coverage includes in-depth analysis of the financial instruments within the Sharia framework and how they are applied in various sectors including insurance, investment and capital markets. Regulatory issues are also discussed both from the role of the Sharia board to reporting financial risk to legal bodies. It addresses issues such as bringing a New Ethical Dimension to Banking through to The International Role of Islamic Finance and provides you with a range of checklists from Business Ethics in Islamic Finance to The Role of the Shariah Advisory Board in Islamic Finance and Regulatory and Capital Issues under Shariah Law.

Developments in Islamic Finance

(2013). Frequently-asked questions on revised Sharīʿah screening methodology
. Available at: http://www.sc.com.my/frequently-askedquestions-on-revised-
Sharīʿah-screening-methodology/. Usmani, M. I. A. (2015a). Islamic finance.
Karachi: ...

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Author: Syed Aun R. Rizvi

Publisher: Springer

ISBN: 9783319593425

Category: Business & Economics

Page: 178

View: 874

This book presents empirical research that addresses the latest issues and innovative products in Islamic banking and finance around the world. Chapters from expert contributors cover a wide range of topics, including the various issues in stock markets, an overview of takaful, a roadmap for introducing Islamic finance to uncharted territories and an in-depth analysis of the current challenges. Case studies and statistics provide up to date information that can be used for future research. This book will be of interest to academics and researchers who wish to learn more about the challenges of Islamic finance and economics.

Islamic Banking and Finance

Al - Iqtasad Al - Islami , Monthly ( Arabic ) , Journal of Dubai Islamic Bank ; (
Various Issues ) . 33 . Jarhi , Mabid Ali & Munawar Iqbal ( 2001 ) ; ' Islamic
Banking : Answers to some Frequently Asked Questions ' ; IRTI , IDB ; Occasional
Paper No ...

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Author: Muhammad Ayub (Banker)

Publisher:

ISBN: STANFORD:36105025345658

Category: Banking law

Page: 300

View: 274

Mastering Islamic Finance

A practical guide to Sharia-compliant banking, investment and insurance Faizal
Karbani. merchandise. ... personal finance on this basis. The following is an
extract from DIB's website on the Frequently Asked Questions (FAQs) on this
product.

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Author: Faizal Karbani

Publisher: FT Press

ISBN: 9781292001456

Category: Business & Economics

Page: 208

View: 906

A practical and accessible guide to Islamic finance that helps demystify the differences with conventional banking, enabling practitioners to develop Sharia compliant products for customers. The Islamic Finance industry is estimated to be worth $1.2 trillion and is growing globally at over 10% per year. Mastering Islamic Finance will give practitioners an understanding of Islamic finance, from the basic techniques, through to advanced applications. Helping to demystify and clarify the differences with conventional banking, it will enable practitioners to develop Sharia compliant products for customers. According to Sharia law there are strict rules on how financial services and products can be designed; in Islamic Finance money cannot make money and the subject of the finance must be an asset or a verifiable, real trade or business activity. Sharia compliant financial instruments have been devised to enable Muslims to abide by the principles of Islam and still make the most of their money. Mastering Islamic Finance will equip readers with an understanding of Islamic financial instruments so they can sensibly apply them in practice. For each instrument there is a definition of the concept and how it differs from its equivalent in conventional banking. There are also examples and case studies to highlight practical applications.

The Annual Report Islamic Development Bank

Islamic Banking : Answers to Some Frequently Asked Questions . 2 . Risk
Management : An Analysis of Issues in the Islamic Financial Industry . 3. Islamic
Banking and Finance : New Perspectives on Profit Sharing and Risk . 4. Islamic
Tools for ...

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Author: Islamic Development Bank

Publisher:

ISBN: UOM:39015062148666

Category:

Page:

View: 814

Understanding Islamic Finance

... of confusion about the Islamic theory of finance among the public and the
intelligentsia and unattended common criticism ... common objections and
misconceptions will be discussed here; however, answering all frequently
askedquestions ...

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Author: Muhammad Ayub

Publisher: John Wiley & Sons

ISBN: 0470687711

Category: Business & Economics

Page: 542

View: 148

In Understanding Islamic Finance Muhammad Ayub introduces all the essential elements of this growing market by providing an in-depth background to the subject and clear descriptions of all the major products and processes associated with Islamic finance. Key features include: Discussion of the principles of Islamic finance; Introduction to the key products and procedures that International Financial Institutions are using or may adopt to fund a variety of clients ensuring Sharī ́ah compliance; Discussion of the role Islamic finance can play in the development of the financial system and of economies; Practical and operational examples that cover deposit and fund management by banks involving financing of various sectors of the economy, risk management, accounting treatment, and working of Islamic financial markets and instruments. This book is not only an important text for all banks and financial institutions entering this particular market with a commitment to building Islamic financial solutions, but is also essential reading for undergraduate and postgraduate students of Islamic finance.

Traditional or conventional financial and banking tools are corresponded with
different names and terms in the Islamic financial and ... Hence to avoid
confusion , conventional terms were used when asking questions that aim to
reveal awareness of Islamic finance products . ... Most of the respondents
mentioned that they had a general knowledge of the Islamic banking system ;
however , they also ...

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Author:

Publisher:

ISBN: STANFORD:36105133518006

Category: Arabian Peninsula

Page:

View: 107

Thurgood Marshall

100 This model is common for modern day transactions making it easier to
purchase large assets on a cash basis . ... LaRiba , based in Pasadena , CA ,
was established in 1987 and is the oldest of the Islamic financial institutions in
the ... LaRiba American Finance House , Knowledge Center , FAQ - Frequently
Asked Questions , http : / / www . lariba . com / knowledge - center / faqs . htm (
last visited Jan .

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Author:

Publisher:

ISBN: STANFORD:36105063785633

Category: Constitutional law

Page: 319

View: 134

Islamic Finance

The following are excerpts from the Frequently Asked Questions ( FAQ ) circular
that was published in the Islamic finance section of www . zawya . com on
February 3 , 2003 : Question : How can a conventional interest - based ) bank
offer a ...

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Author: Syed Nazim Ali

Publisher: Debolsillo

ISBN: UOM:39015063256492

Category: Banks and banking

Page: 215

View: 431

Tax Notes International

The party that needs financing will continue to enjoy tax exemptions under the
Customs Act 1967, the Sales Tax Act ... "See “Guidelines for Islamic Real Estate
Investment Trusts: Frequently Asked Questions,” question 10, available, as of Jan
.

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Author:

Publisher:

ISBN: STANFORD:36105063863356

Category: Double taxation

Page:

View: 805

Islamic Finance

collective ijtihad, various Islamic countries began to establish national as well as
multinational juristic councils.27 Most prominent among ... Institutions (AAOIFI)
have put in place their own Sharia boards to set general standards for contracts
used in Islamic finance. ... In this regard, the bulk of finance-related questions
considered by the various juristic bodies are posed to them by practitioners of
Islamic ...

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Author: Mahmoud A. El-Gamal

Publisher: Cambridge University Press

ISBN: 9781139457163

Category: Business & Economics

Page:

View: 779

This book provides an overview of the practice of Islamic finance and the historical roots that define its modes of operation. The focus of the book is analytical and forward-looking. It shows that Islamic finance exists mainly as a form of rent-seeking legal-arbitrage. In every aspect of finance - from personal loans to investment banking, and from market structure to corporate governance - Islamic finance aims to replicate in Islamic forms the substantive functions of contemporary financial instruments, markets, and institutions. By attempting to replicate the substance of contemporary financial practice using pre-modern contract forms, Islamic finance has arguably failed to serve the objectives of Islamic law. This book proposes refocusing Islamic finance on substance rather than form. This approach would entail abandoning the paradigm of 'Islamization' of every financial practice. It would also entail reorienting the brand-name of Islamic finance to emphasize issues of community banking, micro-finance, and socially responsible investment.

New Issues in Islamic Finance and Economics

Moreover, technical progress in Islamic finance has been much faster than
intellectual progress in Islamic economics, creating ... The reason why all
economies have to tackle these questions is that resources are scarce—
everything cannot be ...

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Author: Hossein Askari

Publisher: John Wiley & Sons

ISBN: 9781118179642

Category: Business & Economics

Page: 200

View: 939

New Issues in Islamic Finance & Economics: Progress and Challenges provides a review of the main issues and challenges facing Islamic finance. The application of Islamic finance is currently limited to banking. This book starts with an overview of the factors and motives behind the development of Islamic finance. A critical review of issues facing the industry is provided followed by a detailed analysis of areas where further attention is required. The book offers some original thinking on issues pertaining to governance, institutions, public finance and economic development within an Islamic financial system.

Islamic Financial Services in the United Kingdom

It offered a range of banking services, including a form of Islamic home purchase
finance, the first ever in the United ... A question was asked in the House of
Commons on 28 April 1993 by Keith Vaz about the closure of Al Baraka Bank. Mr
Vaz ...

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Author: Elaine Housby

Publisher: Edinburgh University Press

ISBN: 9780748687473

Category: Social Science

Page: 216

View: 467

This book emphasises the ways in which UK examples of Islamic financial provision illustrate both the main characteristics of Islamic financial teaching and some key issues in the situation of British Muslims.

Annual Report

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Author:

Publisher:

ISBN: WISC:89107032567

Category: Banks and banking

Page:

View: 379

Theory and Practice of Islamic Finance

What was introduced as an alternative for Muslims to perform banking
transactions has now simply become the “ bank next door ” . Yet , one of the most
common questions posed by non - Muslims to Islamic bankers is " Is this only for
Muslims ...

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Author: Swee-Hock Saw

Publisher:

ISBN: UCBK:C100331478

Category: Finance

Page: 152

View: 408

Standard Poor s Creditweek

It is defined most broadly as a versatile securitization technique that aims to
enable investors to diversify couldn't economically achieve ... discuss the value of
a corporate collateralized debt obligation credit rating and answer frequently
asked questions about that rating . We then take a close look at several
recovering nontraditional asset classes in the sector : the potential of Islamic
finance in the wake of ...

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Author:

Publisher:

ISBN: NWU:35556039815154

Category: Credit

Page:

View: 330

American Book Publishing Record

Herpt , Ingmar R . Y . van , 1971Corporate governance - Globalization and
challenges for Islamic finance . Includes ... 6015118 Frequently asked questions
in quantitative finance : including key models , important formulae , common
contracts ...

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Author:

Publisher:

ISBN: UOM:39015066180442

Category: American literature

Page:

View: 670