Islamic Banking and Finance: Fundamentals and Contemporary Issues

v

Foreword vii

Acknowledgements ix

An Overview

Salman Syed Ali and Ausaf Ahmad

1

Fundamentals

1 Islamic Banking and Finance: Philosophical Underpinnings

Mabid Ali Al-Jarhi

13

2 The Case Against Riba: Is It Compelling?

Umer Chapra

25

3 Option Contracts and The Principles of Sale of Rights in Shari[ah

Mohammed Burhan Arbouna

51

4 Unresolved issues in Islamic Banking and Finance: Deposit

Mobilization

Sayyid Tahir

81

5 Financial Distress and Bank Failure: Relevance for Islamic Banks

Salman Syed Ali

99

Contemporary Issues

6 Factors of Success of Islamic Banks: An Empirical Study

Monzer Kahaf

121

Contents