Islamic Finance

212 Index

Central Bank of Malaysia, 189

Central Bank of the United Arab

Emirates, 164

Certificate in Islamic Finance, 26

Chartered Institute of Management

Accountants (CIMA), 21

collection fees, 40

commercial real estate finance, 75–82

commoditymurabaha, 141

conflicts of interest, Shari’a scholars,

188–89

conservative approach, 6–7, 38–39

conventional finance, 20

Council of Islamic Scholars in Mecca,

130

credit cards, 22, 37–41

annual charges, 39

currency exchange agreements, 99–

100

current accounts, 31–33

Dallah AlBaraka Group, 115

data sources, 25

Datamonitor reports, 50–51

debt-creating modes of finance, 15–20

see also diminishingmusharaka;

ijara;istisna’a;murabaha;

musawamaand

salam

deferred payment, 15–16

degree qualifications, 21–22, 27, 144–

45

derivative style products, 86–87, 99–

101

diminishingmusharaka, 18–19, 20,

207

home finance 44, 47–50

UK tax system, 154

working capital finance 68–69, 72

Diploma in Islamic Finance, 26

direct structuring of securities, 105

displaced commercial risk, 169–70

Dow Jones Islamic Market Index

(DJIM), 22, 98, 115–116

Dubai, 122

Department of Civil Aviation, 101

Dubai Financial Services Authority

(DFSA), 164–166

Dubai International Financial

Centre, 27

Dubai International Financial

Exchange (DIFX), 121

Dubai Islamic Bank, 7–8, 121

Durham University, UK, 22, 27

Durrat Al Bahrain, 111

education and training, 21–22, 26–27,

144–45

Egypt, 7

equity markets, 103–04, 115–16

Ernst & Young, 123–24

Europe, mortgage availability, 43, 52

European Islamic Investment Bank,

178

exchanges, 121–22

exposure at default, 172

External Credit Assessment

Institution, 172

Faculty of Islamic Studies in Qatar, 21–

22, 27

fatwa, 22, 147, 186–88, 189, 190–92,

205

fiduciary risk, 169

Finance Acts, UK, 11, 123, 154–59

finance instruments overview, 13–20

“financial compliance” criteria, 126–27

Financial Services and Markets Act

(FSMA), 178–79, 180–81

Financial Services Authority (FSA),

11, 51, 164–165, 177–82, 189

authorization, 178–80

fiqh, 22, 205

Fiqh Academy, 21–22

fiqh al-muamala,5–8, 205

forward leasingsee ijara

foundation internal ratings-based

approach (FIRB), 172

France, 119

FTSE Global Islamic Index Series,

115–116

full loan repayment credit cards, 37–

38

gambling, 6, 99, 125, 140

Gems Symphonycase, 191

GFI Group, 122

gharar, 6, 13, 99, 140, 205

Government Investment Issue (GII),

104