An Introduction to Islamic Finance: Theory and Practice

212 AN INTRODUCTION TO ISLAMIC FINANCE stimulation and, at the same time, provide the leasing company with an attractive fl ow o ...

Non - bank Financial Intermediation 213 incentive for the group to do so if it wanted to regain its membership. The interest rat ...

214 AN INTRODUCTION TO ISLAMIC FINANCE these funds to provide productive, consumer, and social loans to their mem- bers. They ar ...

Non - bank Financial Intermediation 215 in the same regions. Total Islamic microfi nance outreach is estimated at 380,000 custom ...

216 AN INTRODUCTION TO ISLAMIC FINANCE Takaful (Islamic Insurance) The closest Islamic instrument to the contemporary system of ...

Non - bank Financial Intermediation 217 and Western Europe. This can be attributed to the fact that the conven- tional insurance ...

218 AN INTRODUCTION TO ISLAMIC FINANCE TRENDS IN THE TAKAFUL MARKET ■ (^) The Gulf Co - operation Council (GCC) region remains o ...

Non - bank Financial Intermediation 219 authorization to operate in Qatar and hopes to launch its fi rst Islamic annuity product ...

220 AN INTRODUCTION TO ISLAMIC FINANCE ■ (^) The operator puts up equity capital and undertakes responsibility to manage the inv ...

Non - bank Financial Intermediation 221 used for asset - management purposes. In this case, the asset management business can be ...

TABLE 10.2 Comparative features of takaful , conventional and mutual insurance Conventional insurance Mutual insurance Takaful R ...

Non - bank Financial Intermediation 223 Issues and Challenges for the Takaful Industry The takaful industry is growing fast and ...

224 AN INTRODUCTION TO ISLAMIC FINANCE element of gambling. While Shari’ah scholars are still divided on the issue, growing numb ...

225 CHAPTER 11 Performance of Islamic Financial Services Financial Services W ith the expansion of the market for Islamic fi nan ...

226 AN INTRODUCTION TO ISLAMIC FINANCE Iqbal (2000) measured the effi ciency of 12 Islamic banks by comparing their trends and p ...

Performance of Islamic Financial Services 227 banking market, Saudi Arabia had the highest equity ratio. The highest net interes ...

228 AN INTRODUCTION TO ISLAMIC FINANCE is signifi cantly higher than that of new Islamic banks. In fact, the revenue effi ciency ...

Performance of Islamic Financial Services 229 access to transaction - level data is extremely diffi cult. When it comes to depos ...

230 AN INTRODUCTION TO ISLAMIC FINANCE In the long run, there is clear evidence that the Islamic indices performed better than t ...

Performance of Islamic Financial Services 231 in Shari’ah, they must serve as active engines of social change rather than indiff ...