E1BINDEX 10/28/2009 13:23:42 Page 384
Banking laws and regulations (Continued)
Truth in Lending Act, 178, 179, 210
Truth in Savings Act, 180
USA Patriot Act, 181, 311, 334, 335
Bankruptcies and bankruptcy law, 3, 98,
187, 188, 232, 251
Bankruptcy-Remote Limited Liability
Company, 219
Banks and banking in the U.S.
advertising, 170
banking system, 154–156
community banks, takeover by large
banks, 373–376
compliance audit, 167, 168
conventional riba-based banking
compared to RF banking, 201, 202,
283–285, 315–317, 338–341
credit creation, 93–96
credit unions, 159, 160
Federal Deposit Insurance Corporation
(FDIC), 155, 162, 163, 173, 174
investment banks, 155, 160, 174
licensing, 160, 161, 380
national banks, 155–159, 161–163,
173
policies and procedures, 167
policy statement, 170
property, ownership of, 206, 211, 232,
253
record retention, 171
regulation and supervision of, 161–163.
See alsoBanking laws and regulations
reporting requirements, 173, 181
state banks, 156–159, 161
t-accounts, 93, 94
training and education of bank
personnel, 167
types of banking services, 156–161
Al Baraka Bank of London, 206, 212–216,
240, 260, 263
Al Baraka Turk Finance House, 194
Barter, 48–53, 56, 87
Basset, Sheikh Muhammad Badr Abdel, 76
Bayt al Tamweel Al Kuwaiti – Kuwait Fi-
nance House.SeeKuwait Finance
House (KFH)
Bible, Christian, 13, 15–17, 19, 21, 32
Bible, Jewish.SeeTorahBoard of directors, 164, 165, 167, 175,
308, 309
Bonds (sukuk), 2, 207, 246, 359–363
Borrowing money.SeeLoans (qard)
Bretton Woods Agreement, 6, 89, 96, 97,
135, 235
Bubbles, 85, 102–105, 110–112, 116, 128,
201, 235, 252, 259, 264–267, 275,
366, 367
Buddhism, 15
Business ethics, 144–150
Business finance, 23, 30, 31, 39–41, 43,
44, 129
Buy/sell transactions
commercial transactions, 230, 231
and commodity indexation.See
Commodity indexation
and RF banking, 198, 204, 249, 253
Buyer as agent (wakeel), 59, 208, 260Capital, Assets, Management, Earnings,
and Liquidity (CAMEL), 182
Capital gains, 55, 56, 205, 206, 208, 209,
253
Capital leases, 58
Cash and cash equivalents, 358
Change of control, 280, 291
Charitable donations, 360
Check fraud, 334
Checking accounts, 174, 175, 232, 349
Chief compliance officer, 165
Christian church
foundations of faith, 17
poor and needy, position on loans to,
27–29
position on charging of ribit (interest),
27–31
values, 137–142, 168, 169, 230,
376–378
Circumvention transactions, 210–212,
216, 221, 222, 231, 238, 249, 257,
320
Civility, 132, 136–139.See alsoSocial
responsibility
Client(wakeel), 59,208, 260
Co-ownership, implied, 213, 218
Coal, 113–115, 125, 126
Commercial buildings, 129384 INDEX