E1BINDEX 10/28/2009 13:23:42 Page 385
Commodities
futures, 98
as money, 87.See alsoReference
commodities
prices of and inflation, 97, 98
and reason for prohibiting riba, 106
Commodity indexation
homes in the U.S., 111–114
money, 228, 229
overview, 10
principles of and RF banking, 48–53,
56, 102, 105, 108–110, 201, 212,
229, 235, 252, 260, 275, 319,
365–367
and values, 377
Community
adding value and productivity to, 6, 7,
287
investing in as principle of RF banking,
8, 132, 142, 147, 179, 197, 200, 251
Community banks, 293
Community leaders, 237
Community Reinvestment Act (CRA),
162, 179, 180, 251, 287, 305, 355,
380
Compensation.SeeSalaries
Compliance audit, 167, 168, 311, 312
Compliance committee, 165, 166
Conflicts of interest, 79, 80, 241
Consumer compliance management, 164
Consumer Credit Protection Act, 170
Contracts
court challenges to ‘‘contract fitting’’
finance approach, 221–223
objections of Shari’aa scholars to
conventional riba-based finance
contracts, 249–251
Shari’aa-compliant contracts as regular
finance contracts, 247, 252, 263
standardized, 232
Copper, as reference commodity, 50
‘‘Cost of being a Muslim’’ (COBM), 199,
212
Cost-plus model (murabaha)
described, 54–56, 204, 207–212
force-fitting to appearance of Shari’aa
compliance, 267, 268
initial use of at LARIBA, 226litigation, 222
OCC ruling on, 255
problems with, 204–206
as regular finance transaction, 240, 247,
255
and risk management, 354
Courts of the Law (Shari’aa), 221, 222
Credit analysts, 325–328, 336
Credit cards, 297, 352, 374, 377, 378
Credit unions, 159, 160, 271
Currency exchange, 47, 48, 98
Customer Identification Program (CIP),
334, 335
Customer service, 329–331Dallah Al Baraka Finance Company, 76,
193, 204, 236, 240
Dallah Al Baraka Group, 75, 286
Dar Al-Maal Al Islami, 75
Day trading, 134, 148
Debit cards, 297, 352
Debt
buying and selling, 346, 347
and Hajj, 219
reduction of, 378
and social responsibility, 140, 143, 146,
147, 150
Deceptive business practices (gharar), 43,
44, 47, 108, 142, 201, 229, 317, 320
Deceptive tricks and practices (heelah),
228, 231, 238, 249, 253, 257, 274,
320
Declining Joint Venture Lease-to-Own
Model, 259
Delinquencies, 205
Demand deposit accounts (DDAs), 174,
175, 232, 315, 337, 338, 344, 348,
358
Deposit in trust account (DIT account or
amana), 315, 337, 344, 348, 358
Diminishing partnership (musharaka
mutnaqisah), 215–221, 262, 263, 268
Discrimination, 142, 143, 168–173, 179,
197, 200, 251, 319, 336, 355
Disputes, resolution of, 256, 275
Diversification, 354, 355, 357
Dow Jones Islamic Market Index (DJIMI),
366Index 385