Islamic Finance

Index 213

Guidance Financial, 43

Hadith, 3, 167
halal, 5, 54, 205
Hanbali,4
Hanifi 4
haram, 5–6, 115–16, 205
harmonization factors, 119–20
hawala,205
hijra, 129
history of Islamic finance, 7–8, 9–11
Hong Kong, 122
housing finance see mortgages
HSBC bank, 43, 171
hubs of Islamic finance, 122–23
human resources, 143–48
see alsoeducation and training

ijara,19–20, 22–24, 34, 103, 205–06
home finance, 44–45, 47–48, 50
ijara muntahiya bit tamleek,67–69
ijara wa iqtina,45, 47, 50, 206
real estate/project finance, 77–79
working capital finance, 67–68, 72
ijma,4, 206
ijtihad, 4–5, 72, 206
ikhtilat,206
Income and Corporation Taxes Act
(ICTA), 158
information sources, 25
Institute of Islamic Banking and
Insurance (IIBI), 21, 25, 147
Diploma in Islamic Finance, 26
institutional infrastructure, 21–27
insurancesee takaful
interchange fees, 40
interest, 5, 13, 32, 39, 125
see alsoriba
internal capital adequacy assessment
process (ICAAP), 172–73
international accounting standards
(IAS), 173
international business classification
codes (IBC), 126
International Capital Markets
Association, 122
International Centre for Education in
Islamic Finance, 21, 26
International Financial Reporting
Standards (IFRS), 24, 173

International Islamic Financial

Market, 122

International Islamic Universities,

21–22, 27, 145

International Monetary Fund, 8

International Turnkey Systems (ITS),

196–97

investment agency agreementssee

syndicated finance

investment banking, 93–102

Iran, 104

Islamic Bank of Britain (IBB), 43, 178,

183

Islamic Cooperative Housing

Corporation, 43

Islamic Development Bank (IDB), 7,

21–23, 112

Islamic finance instruments,

overview, 13–20

Islamic Finance Information Service

(IFIS), 25

Islamic Financial Services Board

(IFSB), 21, 23–24, 120, 166, 174–

75

Islamic Insurance Company of Sudan,

8, 130

Islamic lawseeShari’a

Islamic Ratings Agency, 120

Islamic Research and Training

Organization, 23

Islamic windows, 10–11, 163–64

istisna’a,18, 23–24, 206

home finance, 45

real estate/project finance, 75–78

trade finance 53

working capital finance 67, 72

ju’ala, 206

juzaf, 206

Kuala Lumpur Shari’a Index, 115

Kuwait International Bank (KIB),

195–97

late payment, 39–40, 56

leasingsee ijara

legal issues, 146–47

letters of credit, 56

liberal approach, 6–7, 38–39

licensing models, 163–64