404 INDEX
mudarib 77, 89, 90, 91, 92, 117,
191, 219, 279, 281, 284, 286, 306,
308, 336
muqaradah 183–184, 191, 192
muqaradah bonds 183–184, 191
murabahah 15, 18, 23, 79, 83–86,
119, 141, 153, 154, 175, 187–188,
200, 209–210, 211, 213, 214, 249,
259, 262, 263–265, 279, 281, 282,
288, 290, 291, 292, 293, 307, 309,
310, 319, 371
musharakah 77, 86–88, 89–90, 96,
97, 103, 104, 119, 153, 156, 167,
168, 175, 181–182, 187, 191–192,
210, 213–214, 250, 278, 281, 283,
284, 288, 290, 292, 297, 307, 309,
310, 315, 316, 337, 371
musharakah bonds 191–192
Muslim societies 1, 13, 353–355, 387
N
negotiability 177, 182, 188, 189, 360
nexus of contracts 45, 324, 325, 326
non-bank fi nancial services 170,
207–224, 386
O
operational risk 170, 256–257, 277,
291–292, 308, 310, 321, 362, 384,
386
P
participation rights 184
partnership 62, 77, 82, 86–88, 88–92,
96, 97, 109, 117, 156, 161, 167,
168, 181, 191, 210, 218, 219, 250,
266–269, 283, 292, 302, 307, 366,
370, 378, 389
pass-through 119, 154, 157, 162,
163, 289, 290, 302, 318
Pillar I 311
Pillar II 311
Pillar III 311, 312
pledge 92, 93, 94, 281, 309
price risk 85, 103, 282–283
primary market 130, 173
principle of unity 7, 26
productive loans 59–60
profi t at risk (PaR) 296, 297
Profi t Equalization Reserves
(PER) 286, 296, 297, 310, 337
profi t/loss sharing 91, 160–162, 174,
210, 211
prohibition of riba 9, 10, 57, 59, 60,
63–65, 68, 80, 103, 116
property obligations 32
property rights 11, 32–35, 38, 39, 45,
46, 47, 57, 64–65, 75, 99, 101, 104,
111, 135, 248, 249, 251, 260, 294,
314, 324, 326, 327, 328, 329–330,
331, 332, 333, 334, 346, 354,
368, 388
Prophet, the 7, 37, 38, 44, 47, 50, 53,
58, 60, 68, 80, 85, 86, 90, 348
public good 123, 260, 299, 300Q
qimar 57, 249
quantitative methods of risk
measurement 296–297R
rabb-ul-mal 279
rahn 90, 93–94
rate-of-return risk 285–287
rate-of-return swap 269–271
regulation 109, 202, 246,
299–322, 385
regulatory capital 305, 308
regulatory framework 202, 203, 304,
314, 360, 385, 389
reputation risk 294
reserve requirement 117, 146, 147
resource mobilization 77, 116,
120, 128
restricted investment accounts
(RIA) 336
reverse engineering 250–251