Islamic Finance

216 Index

Standard & Poors, 115–116

standard industry classification (SIC)

codes, 126

standardization factors, 119–20

standardized approach

credit risk, 172

operational risk, 172

State Bank of Pakistan, 164

structured finance, 86–91

subscription fees, credit cards, 39

suftaja, 209

sukuk, 20, 103 –15, 141, 209

asset securitization, 87–88, 105

vs conventional bonds, 106

convertible, 121

hybrid, 111–12

investment, 106

ratings, 113–14

secondary markets, 118–24

sukuk al-ijara, 94–95, 101, 107–08,

113

sukuk al-istisna’a, 110–11

sukuk al-mudaraba, 95–96, 102, 108–

09

sukuk al-musharaka, 95, 102, 109–10

structured finance, 87–91

tradability, 112–13

Sunnah, 3–4

Sunni,3–4

supervisory criteria, 163–68

Syarikat Takaful Malaysia Berhad,

131

syndicated finance, 83–85

tabarru’, 138

takaful, 129–38, 134–136, 209

vs conventional,139–42

hybridtakafulmodel, 135

investment compliance,takaful

businesses, 138

investments,takafulbusinesses,

140–41

taskeek, 105

tawarruq, 7, 34–36, 209

real estate/project finance, 79–80

trade finance, 54

working capital finance, 70–73

tawliyah,209

taxation, 149–59

UK, 11, 153–59

technology requirements, 147

tobacco sector, 115–16, 125

“total assets” compliance method, 127

trade finance, 53–63

tranches of deliveries, 60

transaction structures, 174

transfer of title, 54

UAEseeUnited Arab Emirates

UK

education and training, 144

mortgage availability, 43–51, 119

regulations and challenges, 164, 177–

83

taxation system, 11, 153–59

wholesale market, 9–11

uncertaintysee gharar

United Arab Emirates (UAE), 190–

192

United Bank of Kuwait, 43

universities, 21–22

unlawful activitiessee haram

urf,4

US

mortgage availability, 43

tax system, 153

wa’ad87, 209

wadiah, 209

wakala, 209

syndicated finance, 83–84

takafulmodel, 134–35

wakil,83, 134, 210

waqf, 135–36, 210

warranties, 57

working capital finance, 65–73

WCF-1, 66–69, 72–73

WCF-2, 66, 69–73

WCF-3, 66, 71–73

World Bank, 104

zakat, 210