Islamic Banks and Financial Institutions (eBook)

Dr. Fayaz Ahmad Lone is Assistant Professor at the College of Business Administration in Salman Bin Abdulaziz University, Al-Kharj, Saudi Arabia. Dr. Fayaz Ahmad obtained a PhD in Islamic Finance from Aligarh Muslim University, India, and a Master's Degree from the University of Kashmir, India. He has published more than a dozen research papers on Islamic finance in International and National Journals and has presented a large number of papers at international conferences.

"PART I: ISLAMIC FINANCE: AN INTRODUCTION
1.1. Islamic Finance1.2. Conventional Financial System Vs Islamic Financial System1.3. Islamic Banks Vs Conventional Banks1.4. Components of Islamic Finance1.4.1. Banks1.4.1.1. Investment and Investment Management1.4.1.2. General Banking Services1.4.1.3. Social Services1.4.2. Equity and Capital Market1.4.3. Takaful1.4.4. Waqf and Zakat1.5. Operating Structure of Islamic Banks1.5.1. Window Model1.5.2. Branches1.5.3. Subsidiaries1.5.4. Full-Fledged Banks1.6. Products and Services of Islamic Finance1.6.1. Murabahah (Cost Plus Financing)1.6.2. Mudarabah (Sleeping Partnership)1.6.3. Musharakah (Partnership Financing)1.6.4. Ijara (Leasing)1.6.5. Salam1.6.6. Takaful (Insurance)1.6.7. Sukak (Bond)1.7. Why Islamic Finance is Growing1.7.1. Fast and Steady Growth1.7.2. Green Financing Platform1.7.3. Syariah-Compliant Products1.7.4. Attracts Even Non-Muslim Investors1.7.5. Global Indexing1.7.6. Oil-Wealthy GCC Adopting Islamic Finance1.7.7. Streamlined and Simpler1.7.8. No Crisis '' '' Zone1.7.9. Shared Responsibility1.7.10. Thoughtful Decision-Making1.8. Modes of Operation1.8.1. Consumer and Business Loans1.8.2. Bank Deposits and Fixed Income Securities1.8.3. Fee-based Services1.8.4. Investment Vehicle Alternatives1.8.5. Corporate and Government Bonds1.8.6. InsurancePART II: HISTORICAL DEVELOPMENT AND RESEARCH DESIGN2.1. History of Islamic Finance2.2. Current Islamic Finance Market2.3. Islamic Finance in Saudi Arabia2.4. Statement of the Problem2.5. Literature Review2.6. Research Gap2.7. Objectives of the Study2.8. Hypotheses of the Study2.9. Research Process2.10. Research Questions2.11. Research Methodology2.12. Plan of the Research2.13. Limitations of the Research2.14. Scope for Further ResearchPART III: ISLAMIC FINANCE - AN OVERVIEW3.1. Background3.2. Sources of Islamic/Divine Law3.2.1. The Qur '' ''an3.2.2. The Sunnah3.2.3. Ijma3.2.4. Qiyas3.2.5. Ijtehaad3.3. Interest3.4. Prohibition of Riba (interest)3.4.1. Prohibition of Riba in Qur '' ''an3.4.2. Prohibition of Riba in Hadith3.5. Meaning of Riba (usuary)3.6. Types of Riba3.6.1. Riba Al-Nasi '' ''ah3.6.2. Riba Al-Fadl3.7. Development of Islamic Finance3.8. Islamic Finance in Malaysia3.9. Islamic Finance in United Arab Emirates3.10. Challenges of Islamic FinancePART IV: OBJECTIVES OF ISLAMIC FINANCE4.1. Introduction4.2. Islamic Shariah and its Objectives4.3. Sources of Shariah Tenets4.4. Objectives (Maqasid) of Shariah4.5. Types of Islamic Finance Objectives4.5.1. Islamic Objectives4.5.2. Economic Objectives4.5.3. Social Objectives4.5.4. Ethical ObjectivesPART V: OBJECTIVES AND ACHIEVEMENTS OF ISLAMIC FINANCE: AN ANALYSIS5.1. Universe5.2. Sample5.3. Questionnaire 5.4. Sampling Plan5.5. Stakeholders5.5.1. Customers5.5.2. Employees of Islamic Banks5.5.3. Shariah Advisors5.5.4. Regulatory Officers5.5.5. Others5.6. Sampling Size5.7. Gender Profile of Respondents5.8. Religious Profile of Respondents5.9. Age Profile of Respondents5.10. Country Profile of Respondents5.11. Reliability of Data5.12. Validity5.13. Factor AnalysisHypothesis TestingPART VI: COMPATIBILITY BETWEEN OBJECTIVES AND ACHIEVEMENTS6.1. Achievements6.2. Conclusion6.3. Suggestions for Development of Islamic FinanceBibliographyAnnexure I QuestionnaireAnnexure II Islamic Finance InstitutionsAnnexure III Glossary of Islamic Financeindex"