The Art of Islamic Banking and Finance: Tools and Techniques for Community-Based Banking

(Shari’aa) and the parties submit to the jurisdiction of the Courts... (not being the Shari’aa Courts or any Courts implementing ...

2.Institute of Islamic Banking and Insurance (IIBI)magazine: New Horizon; http://www.NewHorizon-IslamicBanking.com, issue number ...

Ibid. Ibid: Justice Taqi Usmani states of the Shari’aa foundation: ‘‘... there is no difference of opinion among the Muslim jur ...

CHAPTER 10 RF Banking Model for the 21st Century Developing the Shari’aa-Based Finance Model T his chapter will detail the uniqu ...

then claim that we are providing Islamic finance services just because the namewasdifferent.Wewereseverely criticized by many of ...

The Law (Shari’aa) &Shari’aa has as its main goal the protection of the self, the family, the assets and wealth, and the fai ...

and indexed to these basic real money reference commodities. That is, one can use U.S. dollars, British pounds, and/or the euro, ...

Interest Rates &Interest can be defined as an excess—riba (in the Qur’aan) or ribit (in the Jewish Bible and the Old Testame ...

&To perfect the buy-sell transaction, the two parties must participate in all risks (including profit and loss) as defined b ...

&The laws and regulations are designed to supervise, identify, and dis- cover abusers of the system and to examine the safet ...

Muslim alike, who did and are still doing their best to bring full life back to the ‘‘Islamic’’ RF banking industry. This effort ...

To satisfy the needs of these customers, we wanted to expose them to all the edicts and Shari’aa opinions (fatwas) by displaying ...

This approach will achieve our goal of helping people transact their busi- ness in an RF way, according to the values of the Jud ...

religious knowledge was complemented by the Muslim and non-Muslim professionals who worked in the riba-based conventional banks ...

Some of these local leaders are first-generation immigrants from the Muslim world, and they usually resort to checking with thei ...

‘‘Islamic’’ names have been given to various transactions that do not truly reflect the goals or vision of Islam. The result of ...

Islamic banking is offered side by side with riba-based banking to meet the growing market demand for Islamic banking. To meet t ...

The phone call lasted more than 60 minutes. At the end of the call, he said, ‘‘Can I come to visit you?’’ He flew from Washingto ...

Professionals Who Serve and/or Benefit from the New Islamic Banking Industry Shari’aa Scholars Shari’aa scholars come from diver ...

States, the United Kingdom, France, Germany, and other countries in Asia and the Middle East that use these laws. The author has ...