Developments in Islamic Banking The Case of Pakistan

Developments_in_Islamic_Banking   Developments in Islamic Banking   The Case of Pakistan   M. Mansoor Khan and M. Ishaq Bhatti Forewords by Rodney Wilson and Agil Natt 1 Introduction 1 2 Islamic economics: Divine vision of distributive justice 7 3 Islamic Banking and Finance Movement Worldwide: Performance and Prospects 38 4 Conceptual Developments in Islamic Banking and Finance in Pakistan (1977--1980) 77 5 Islamic Banking

Read More

A Suggested Structure for the Issuance of Shari’a Compliant Securities by Deutsche Bank

A Suggested Structure for the Issuance of Shari’a Compliant Securities by Deutsche Bank The Structure …………………………………………......1 The Relevant Documents……………………………... 1 The Parties………………………………………......……. 1 The Structure…………………………………….…...…. 2 The Economic Effect…………………………….……. 3 An Example…………………………………….…..…... 3 The Derivatives Aspect……………………….……..4 The Shari’a Related Issues………………………..…5 Dissecting the Structure…………………………..…5 Promises and Contracts in the Shari’a………... 5 The Nature of Promise ……………………………...7 Promises and Exclusionary Reasons for Action………………………………………..…….. 9 Promises and

Read More

Profit and Loss Allocation among Islamic Bank and Client Partner in Equity Financing: Practice, Precepts and Alternatives

Profit and Loss Allocation among Islamic Bank and Client Profit and Loss Allocation among Islamic Bank and Client Partner in Equity Financing: Practice, Precepts and Alternatives Muhammad Abdurrahman Sadique     Abstract. The profit sharing ratio in equity financed projects is decidedby Islamic banks mainly through applying the relevant rate of return oncapital. After first determining the

Read More

Islamic Critique and Alternative to Financial Engineering Issues

Islamic Critique and Alternative to Islamic Critique and Alternative to Financial Engineering Issues Masudul Alam Choudhury College of Commerce & Economics, Sultan Qaboos University & Trisakti University, Postgraduate Program in Islamic Economics and Finance   Comment by:Mohammad Omar Farooq Mohammad Omar Farooq Comment by:Zubair Hasan Zubair Hasan Comment by:Seif I. Tag el-Din  Seif I. Tag el-Din

Read More

Achieving Maqasid al Shariah through Takaful

Maqasid+al+Shariah+and+Takaful   Achieving Maqasid al Shariah through Takaful By: - Zia Ahmed 1. MAQASID E SHARIAH...........................................................................................................3 1.1. Definition of Maqasid AI-Shari'ah............................................................................3 1.2. Classification of Maqasid AI-Shari'ah.....................................................................3 2. Shari'ah Approves of Good and Forbids Bad:.............................................................5 3. Aims of Shari'ah Unchangeable........................................................................................7 3.1. Origin of Takaful (Islamic Insurance)..................................................................10 3.2. Objective of Takaful....................................................................................................14 3.3. Basis of Takaful.............................................................................................................16 3.4. Elements of Gharar, Maysir and Riba in Insurance

Read More