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Cover

Islamic Banking and Finance

An Integrative Approach

Zubair Hasan

February 2014

ISBN: 9789834710453

352 pages
Paperback
260x190mm

In Stock

Price: £21.99

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Description

This book provides a comprehensive presentation of topics, including the theoretical foundations, financial instruments, banking operations, risk management, takaful, and issues relating to the law, regulation and governance. It integrates mainstream and Islamic perspectives to provide students with real-world financial structures and examples.

  • Marginal notes provide a snapshot view of the issues under discussion
  • Provides comprehensive exposition of the subject, with specific examples suitable for the global market
  • A Key Concepts section at the end of each chapter
  • Real-world case studies provided in every chapter
  • A web-based task is provided at the end of each chapter

About the Author(s)

Zubair Hasan, Professor of Islamic Economics and Finance at the Global University of Education in Islamic Finance (INCEIF)

Prof Dr Zubair Hasan is an economist and acclaimed author who has taught in the University of Delhi, and the International Islamic University of Malaysia. He joined INCEIF, the Global University of Education in Islamic Finance, as a Professor of Islamic Economics and Finance in 2008. He has published numerous articles, commentaries and book reviews in academic journals of repute on topics in economics and finance. In recognition of his numerous contributions, Prof. Dr. Hasan was awarded the prestigious Islamic Development Bank (IDB) Prize in Islamic Economics in 2009.

Table of Contents

    Preface
    Structure of the book
    Acknowledgements
    Contents
    CHAPTER 1: INTRODUCTION TO ISLAMIC FINANCE
    1.1 What is finance?
    1.2 The significance of finance in modern economies
    1.3 Money and economies
    1.4 Money and prices
    1.5 Islamic approach to finance
    1.6 Why ban interest?
    1.7 Overview: the origin and evolution of Islamic finance
    Summary
    Glossary
    Key concepts
    Case studies
    Test questions
    Web exercise
    What next?
    CHAPTER 2: MONEY CREATION AND CONTROL
    2.1 What works as money?
    2.2 Money supply: the principles
    2.3 Methods of note issue
    2.4 Fiscal policy and money supply
    2.5 Credit (money) creation by banks
    2.6 Central banks and credit control
    2.7 The ailment and the cure
    Summary
    Glossary
    Key concepts
    Case studies
    Test questions
    Web exercise
    What next?
    CHAPTER 3: VALUE OF MONEY AND SOCIETY
    3.1 Background
    3.2 Inflation
    3.3 Deflation
    3.4 Islam and cyclical fluctuations
    Summary
    Glossary
    Key concepts
    Case studies
    Test questions
    Web exercise
    What next?
    CHAPTER 4: ISLAMIC FINANCE - THE BASICS
    4.1 Islamic finance: why and for whom?
    4.2 Objectives and principles of Islamic finance
    4.3 Internationalization
    4.4 The performance of Islamic banks
    Summary
    Glossary
    Key concepts
    Case studies
    Test questions
    Web exercise
    What next?
    CHAPTER 5: DIRECT MODES OF ISLAMIC FINANCE
    5.1 Contracts and instruments
    5.2 Participatory modes
    5.3 Islamic requirements
    Summary
    Glossary
    Key concepts
    Case studies
    Test questions
    Web exercise
    What next?
    CHAPTER 6: INDIRECT MODES OF FINANCE
    6.1 Direct and indirect modes
    6.2 Murabahah
    6.3 Leasing or ijarah
    6.4 Salam
    6.5 Istisna'a
    6.6 Combining modes
    6.7 The BBA structure
    6.8 Tawarruq
    6.9 Benevolent loan (Qard hasan)
    Summary
    Glossary
    Key concepts
    Case studies
    Test questions
    Web exercise
    What next?
    CHAPTER 7: INVESTMENT SUKUK - ISLAMIC BONDS
    7.1 The origin and meaning of sukuk
    7.2 Bonds, equity shares and sukuk
    7.3 Structuring the sukuk
    7.4 Sukuk across countries
    7.5 Benchmarking
    Summary
    Glossary
    Key concepts
    Case studies
    Test questions
    Web exercise
    What next?
    CHAPTER 8: MODES OF SHORT-TERM FINANCING
    8.1 Financial markets - introduction
    8.2 Financial intermediation
    8.3 Types of financial market and their role
    8.4 The Islamic money market
    Summary
    Glossary
    Key concepts
    Case studies
    Test questions
    Web exercise
    What next?
    CHAPTER 9: LONG-TERM FINANCING: CAPITAL MARKETS
    9.1 Islam and capital markets
    9.2 Stock markets
    9.3 Instruments for investment
    Summary
    Glossary
    Key concepts
    Case studies
    Test questions
    Web exercise
    What next?
    CHAPTER 10: RISK MANAGEMENT
    10.1 Risk profit and finance
    10.2 Islam and financial risks
    10.3 Risk exposure and management
    10.4 Risk management framework
    Summary
    Glossary
    Key concepts
    Case studies
    Test questions
    Web exercise
    What next?
    CHAPTER 11: TAKAFUL - ISLAMIC INSURANCE
    11.1 Insurance: concepts and evolution
    11.2 Basic principles
    11.3 Islam and insurance
    11.4 Takaful contracts and models
    11.5 Finance risk valuation
    11.6 Re-takaful
    Summary
    Glossary
    Key concepts
    Case studies
    Test questions
    Web exercise
    What next?
    CHAPTER 12: LAW, REGULATION AND GOVERNANCE
    12.1 Dominance of diversity
    12.2 Regulations: need complexity and progress
    12.3 The Basel Accords
    12.4 Governance of Islamic Financial Institutions (IFIs)
    Summary
    Glossary
    Key concepts
    Case studies
    Test questions
    Web exercise
    What next?
    Index