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

easier, without even the need for a regulatory change or transformation of the current laws of the land in the United States. We ...

insurance, and responding to customers’ needs), because selling debt and/or servicing is also not allowed. I usually use a strik ...

the private banker in charge, as well as the rest of the participants in- cluding the servicing department manager. Based on the ...

of all, land is not accepted as an asset in most commercial banking regimes, because it is illiquid and nonproductive. The solut ...

the ones who financed the underlying mortgages in an RF way. More details on RF MBSs will be included in the next chapter, which ...

of accounts were marketing techniques used by the new accounts depart- ments of different banks to entice customers to open acco ...

Regulation D, which allows the bank to open accounts as Negotiable Order of Withdrawal, or NOW, accounts for individuals, to all ...

management has to match the maturities of the TCD portfolio with the RF bank investment portfolio’s (loan portfolio in riba-base ...

Another important but challenging issue which needs a lot of future re- search is the ability of the investors in RF TCD to cash ...

members of the family can be accurately assessed in advance, and liquidity can be planned without having to deal with any unplea ...

The Source of Shari’aa and Edicts (Fatwa) Used by the RF Bank This is per- haps one of the most serious concerns for an RF bank, ...

facts; nor put down or criticize the competition in order to ‘‘sell.’’ This practice is enhanced by the Shari’aa supervisor and ...

allocation would be dynamic and would change as the economic projec- tions change. Risk Management through Diversification by Ge ...

began as a financing approach for those who have low credit scores, but evolved to cover a much wider spectrum and was relaxed t ...

CHAPTER 13 Case Studies Developing the RF Banking Investment Products T his chapter is designed to apply the riba-free (RF) bank ...

readers to come up with new ideas, approaches, and products that are in compliance with the RF principles, offering new, less ri ...

This category includes short-termfinancing instruments structured using the RF finance principles discussed in Chapter 10, such ...

The Development of MUIS^2 Waqf Sukuk:^3 RF Asset- Based Bonds Used to Unlock the Value of Trusts This example is a product of a ...

1.Immovable:Like real estate, including land, buildings, and other loca- tion-specific assets, such as fruit orchards, trees, wa ...

along with a high-rise building that could produce enough income to enhance the fortunes of the community. After in-depth discus ...