Dilemmas and Challenges in Islamic Finance

Yasushi Suzuki is Professor at the Ritsumeikan Asia Pacific University, Japan. Mohammad Dulal Miah is Assistant Professor at the University of Nizwa, Oman.

Introduction (Yasushi Suzuki and Mohammad Dulal Miah) Part I: Dilemmas and Challenges on the Prohibition of Riba and Gharar 1. Heterodox vs. Islamic View on Interest and Uncertainty: Contradictions and Commonalities (Yasushi Suzuki and Mohammad Dulal Miah) 2. A Critique to a Naive Critique to 'Murabaha' 'Tawarruq' Syndrome (Mohammad Dulal Miah and Yasushi Suzuki) 3. An Inquiry into the Scope of Acceptable Gharar (Mohammad Hashim Kamali, Yasushi Suzuki and Mohammad Dulal Miah) Part II: Issues in Islamic Equity- and Micro-Finance 4. Altruism and Reciprocity in Islamic Equity Fund: New Institutional and Philosophical Speculations (Yasushi Suzuki and Mohammad Dulal Miah) 5. Anatomy of Islamic Venture Capital: Typology of Bahraini / Indonesian Islamic VC Firms (Yasushi Suzuki, A.K.M. Kamrul Hasan and Sigit Pramono) 6. Sukuk Environment and Challenges in Bangladesh and Malaysia (with the supplement of the Japan-sukuk case) (S.M. Sohrab Uddin, Nahid Afroz and Yasushi Suzuki) 7. A Comparative study on the Grameen and Islamic modes of microfinance in Bangladesh with Reference to Islamic Microfinance in Pakistan (Yasushi Suzuki, Helal Uddin and Mohammad Dulal Miah) 8. An Impact Assessment of Islamic Saving-Loan and Financing Cooperatives in Indonesia: Preliminary Findings from Artificial Neural Networks Technique (Yasushi Suzuki, Saiful Anwar, Sigit Pramono and Trisiladi Supriyanto) Part III: Dilemmas and Challenges in Governance Structure 9. Anatomy of Governance Structure in the Mode of Islamic Finance: An Emphasis on the Governance over Shari'ah Board (Yasushi Suzuki, Sigit Pramono and Oni Sahroni) 10. A Comparative study on Shari’ah Compliance Frameworks: Is the Integrated or Separated Model Well-Suited to Bangladesh? (S.M. Sohrab Uddin, Asif Nawaz Chowdhury and Yasushi Suzuki) 11. Alternative Views upon the 'Division of Work' and 'Specialization' Toward a New Mode of Profit-Loss Sharing (Yasushi Suzuki and Mohammad Dulal Miah) Conclusion (Yasushi Suzuki and Mohammad Dulal Miah)