The Art of Islamic Banking and Finance

A detailed look at the fast-growing field of Islamic banking and finance The Art of Islamic Banking and Finance is a modern American take on what it means to incorporate Islamic finance principles into everyday banking and investment techniques by introducing a new brand of banking for all people of all faiths: The Riba-Free (RF) banking. The author is considered the father of RF (Islamic) banking in America. He has been a banker and an Imam/scholar for over 40 years in America since 1968. He started the tedious process with a finance company, LARIBA, in Pasadena, California in 1987. This is the first book ever in the field to trace the origins of prohibiting the renting of money at a price called interest rate and over-indulging in debt. The book reviews in great details the theological foundations of prohibiting interest in the Jewish Bible, the Christian Bible, and the Qur'aan. The author then discusses money and how fiat money is created, the role of the Federal Reserve, and the banking system in America. The book also discusses for the first time ever how to include an important aspect of RF (Islamic) finance using commodity indexation and marking the items to be financed to market in order to avoid participating in economic "bubbles." The author discusses how these rules work, how they affect consumer behavior, and how they change the role of the banker/financier.* Covers a new pioneering model that is based on the Law (Shari'aa) and how it is applied in every transaction from joint ventures and portfolio management to home mortgages and personal financing* Shows how to incorporate the Law (Shari'aa) into American financing and banking systems* Points to RF (Islamic) finance and banking as a way to emphasize socially responsible investing The Art of Islamic Banking and Finance also includes a discussion on the emergence of a culture of RF (Islamic) banking and finance today, which is based on the real Judeo-Christian-Islamic spirit and very effective when compared to twentieth-century models that use financial engineering and structuring techniques to circumvent the Law (Shari'aa). The book also includes case studies based on the actual experience of the author and detailed analysis of the superior results realized by applying this new brand of banking to financing.

ISBN 0470449934   Volumes 1 ISBN13 9780470449936 (What's this?)   Weight (grammes) 670 Publisher John Wiley and Sons Ltd   Published in Chichester Imprint John Wiley & Sons Ltd   Series ISSN 504 Format Hardback   Series title The Wiley Finance Series Publication date 26 Jan 2010   Height (mm) 238 DEWEY 332.091767   Width (mm) 167 DEWEY edition DC22   Spine width (mm) 36 Pages 432   Academic level Professional / Scholarly

Ch. 1		Introduction
Ch. 2		The Faith-Based Judeo-Christian-Islamic Foundation of the Prohibition of Interest and the RF (Riba-Free) Banking System
Ch. 3		The Rule of Commodity Indexation and the Principle of Marking to the Market
Ch. 4		Shari'aa: Shari'aa Boards in Islamic Banks: An Overview and a Vision for the Future
Ch. 5		Money and Its Creation: The Federal Reserve System (Central Banks) and Interest Rates, and Commodity Indexation
Ch. 6		Civility and Social Responsibility of the Riba-Free Banking System
Ch. 7		The Conventional Riba-Based Banking System
Ch. 8		What is the Difference? Comparing Riba-Free Banking and Conventional Riba-Based Banking
Ch. 9		Islamic Banking in the 20th Century
Ch. 10		RF Banking Model for the 21st Century: Developing the Shari'aa-Based Finance Model
Ch. 11		Starting an RF Bank in the United States: Acquiring and Restructuring a Troubled Bank and Operating It Riba-Free
Ch. 12		Operating an RF Bank in the United States
Ch. 13		Case Studies: Developing the RF Banking Investment Products
Ch. 14		Visions for the Future of RF Banking
Ch. 15		A New Banking Vision the 21st Century
		Index

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