An Economic Explication of the Prohibition of Rib¯a in Classical Islamic Jurisprudence By Mahmoud A. El-Gamal SOURCE: http://www.nzibo.com/riba/riba%20-%20economic%20explanation.pdf
Read MoreTrading In The Shares Of Shari’ah-Compliant Companies That Are Involved In Riba-Based Transactions With Conventional Banks The availability of jobs and the requirements that accompany it; investments that are permitted and pure from any unlawful work; those are all considered part of collective obligation (fardhu kifayah) because people will need
Read MoreShariah Requirements for conventional banks By Sheikh Nizam Yaquby SOURCE: http://www.kantakji.com/fiqh/Files/Fatawa/9005.doc
Read MoreBanking on Sharia Principles: Islamic Banking and the Financial Industry By Dr. Linda Eagle There are an estimated 1.61 billion Muslims worldwide, making Islamic banking one of the fastest growing segments of the financial industry. Banks serving the Islamic population must comply with several very specific principles of Islamic law if they
Read MoreISLAMIC BANKING By A.L.M. Abdul Gafoor Source: http://www.islamicbanking.nl/chap4.html#_Toc3149098
Read MoreIslamic Capital Markets in Asia, Emerging Challenges and New Entrants\" 2008 London Sukuk Summit 25 June 2008 Keynote Address by Mr. Edmond Lau, Executive Director (Monetary Management), Hong Kong Monetary Authority on "Islamic Capital Markets in Asia, Emerging Challenges and New Entrants" Good morning ladies and gentlemen. It was a great pleasure for me to be invited to
Read MoreEmerging Islamic Capital Markets by Zamir Iqbal and Hiroshi Tsubota SOURCE: http://meetings.abanet.org/webupload/commupload/IC727000/relatedresources/Emergin.Islamic.Capital.Markets-A.Quickening.Pace.and.New.Potential.pdf
Read MoreISLAMIC FINANCIAL SERVICES BY Mohammed Obaidullah SOURCE: http://islamiccenter.kaau.edu.sa/english/Publications/Obaidullah/ifs/intro.pdf
Read MoreIncoherence of Contract-Based Islamic Financial Jurisprudence in the Age of Financial Engineering By Mahmoud A. El-Gamal Source: http://www.ruf.rice.edu/~elgamal/files/Incoherence.pdf
Read MoreFinancial Engineering by Islamic Financial Institutions - Some Apprehensions By Muhammad Ayub Financial engineering during last few decades has lead to generate a large number of investment products, without any underlying real assets, mainly by way of factoring (selling of accounts receivable) and creation of derivatives. These products include Forex trade options,
Read MoreGlossary of Islamic Banking Terms Source: http://aibim.com/content/view/150/127/
Read MoreGlossary of Islamic Finance Terms - List #3 adadiyyah (pl. `adadiyyat) Countables i.e. things which are measured in individual unitsrather than by volume, weight, or length. An example of `adadiyyat are eggs which are customarily purchased in unit, (half dozen, dozen, etc.) rather than by weight. `adl `Adl is a general term
Read MoreDefinition of Major Islamic Finance Instruments Ajr = commission or fee charged for services Amanah = reliability, trustworthiness, loyalty, honesty Alternative spelling = Amana An important value of Islamic society in mutual dealings. It also refers to deposits in trust, where a person may hold property in trust for another. Bai al Arboon =
Read MoreGLOSSARY OF ISLAMIC BANKING TERMINOLOGY Source: https://www.ubl.com.pk/ameen/pdf/Glossary_Islamic_Banking.pdf
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