An Introduction to Islamic Finance: Theory and Practice

406 INDEX

tawarruq 86, 259
tawhid 3
theory of interest 66–69
time value of money 10, 59, 63, 66
trade fi nancing 21, 124, 153, 154,
168, 174, 226, 249, 297, 306, 379
transactional contracts 76, 77–83
transfer of debt 94
transferability 182, 188, 189
transparency 24, 37, 45, 110, 115,
135, 169, 173, 183, 184, 191, 192,
211, 219, 221, 228, 231, 241, 242,
250, 255, 257, 260, 276, 280, 281,
284, 291, 297, 298, 304, 311, 314,
315, 316, 317, 319, 322, 334, 335,
336, 339, 340, 343, 346, 347, 352,
355, 363, 370, 371, 374, 378, 385,
386, 390
transparency risk 293, 295
treasury risks 287
trust 32, 34, 36–38, 39, 41, 45, 46,
57, 64, 77, 81, 88, 91, 92–93, 104,
106, 109, 110, 115, 122, 153, 239,

241, 242, 251, 292, 293, 294, 328,

331–335, 345, 354, 355, 356, 358,

369, 387

two-tier mudarabah 15, 117, 146,

302, 303

“two-windows” model 117–118, 301

U

universal banking 163–166, 302, 304,

382

usury 10, 58, 60, 70–71, 72, 109

V

Value-at-Risk (VaR) 297, 298, 343

W

wadia 92, 153

wikala 90, 92, 117, 118–119, 220,

322

withdrawal risk 172, 287

Z

zakat 42, 49, 111, 231, 338