Arab Islamic banking and the renewal of Islamic law

Author(s)

    • Ray, Nicholas Dylan

Bibliographic Information

Arab Islamic banking and the renewal of Islamic law

Nicholas Dylan Ray

(Arab and Islamic laws series / series general editor, Mark S. W. Hoyle)

Graham & Trotman, 1995

Available at  / 3 libraries

Search this Book/Journal

Note

Includes bibliographical references (p. 187-192) and index

Description and Table of Contents

Description

Over the last several decades the Islamic religious movement has steadily gained importance in the Muslim world, manifesting the desire to modify existing institutions so that they conform to the values of traditional Islamic culture. This new book examines the application of such values to modern finance: Islamic banking. It also attempts to address the surprising lack of familiarity with Islamic banking among Western bankers and lawyers. The Author provides a thorough overview of Islamic banking, its devlopmenty, participants, structure, and aims, goes on to study the Islamic legal contracts undelying it, and finally, by way of a cae study of the Faisal Islamic Bank of Egypt, assesses the financial viability of Islamic banks. He asserts that Arab Islamic banking is a financial system fundamentally different from the system currently dominant throughout the world, and further, is a viable financial phenomenon. The establishment of Islamic banking, which can be seen as a bold new development model for the Muslim world, has necessitated immense intellectual and financial commitments, as well as an empirical approach emphasizing teh adaptation of both modern finance and medieval Islamic law. The text is supplemeted by translations of selected fatwas, and also includes financial information on a large number of Islamic banks.

Table of Contents

I: Introduction. A: Introduction to Islamic Banking. 1. Goals and Methods of this Work. 2. History of Islamic Banking. 3. Islamic Financial Institutions. 4. Aims of Islamic Banking. 5. Organizational Structure of Islamic Banking. 6. Successes and Difficulties of Islamic Banking. B: Introduction to Islamic Law. 1. Histort of Islamic Law. 2. Resume of Usul al-Fiqh. 3. Riba and Gharar. 4. Summary of Relevant Contracts. 5. Note on Theory and Practice. II: Modes of Finance in Arab Islamic Banks. A: Murabaha. 1. Medieval Murabaha. 2. Modern Murabaha. B: Musharaka. 1. Medieval Musharaka. 2. Modern Musharaka. C: Mudaraba. 1. Medieval Mudaraba. 2. Modern Mudaraba. D: Conclusions. 1. Muslim Views of Western Finance. 2. Conclusion. III: Case Study of Faisal Islamic Bank of Egypt (FIBE). A: Introduction. 1. Introduction to FIBE. 2. Brief Financial History of FIBE. B: Comparison between FIBE and Commercial Banks. 1. Comparison of Balance Sheet Items. 2. Comparison of Balance Sheet Financial Ratios. 3. Comparison of Growth Rates. 4. FIBE's Market Share. C: FIBE Income Analysis. 1. Income Figures. 2. Financial Ratios. 3. Comparison of FIBE's Income with that of Other Banks. 4. Summary of Comparisons. 5. Conclusions. D: Additional Documents. IV: Aggregate Assets and Growth Rates of Islamic Banks. V: Concluding Remarks. Appendix 1: Translations of Selected Fatwas. Bibliography. Index.

by "Nielsen BookData"

Related Books: 1-1 of 1

Details

Page Top