E1BINDEX 10/28/2009 13:23:42 Page 386
Economic and financial global meltdown
of 2008, 133–135, 371–376, 379
Economic system, riba-free, 142–144
Economic viability, calculating, 257,
264.See alsoPrudent investment
Education, importance of and saving for,
139, 143, 150
Eena (sale with promise to buy back at
later date), 216, 217, 220, 231
Egyptian Saudi Finance Bank, 193
Employees.SeeStaff
Equal Credit Opportunity Act (ECOA),
169–172
Equipment, market rental value, 129
Ethics and ethical behavior, 137–139,
144–150, 199.See alsoSocial
responsibility
Examination of banks for safety and
soundness, 181–187
Expenses, 340, 341
External auditors, 211, 309, 310, 312Fadl (increase in exchange ratio), 49, 50
Fair Credit Reporting Act, 180, 181
Fair Housing Act (FHA), 170
Fair Lending Act, 336
Fair market pricing, 48–53, 56, 102,
108–110, 200.See alsoCommodity
indexation; Mark-to-market rule
Fairness/kindness/mercy (tarahum), 206,
259, 271, 276
Faisal Finance, 193, 194
Faisal Islamic Bank, 193
Faisal (King), 62, 75, 193
Al-Faisal, Prince Muhammad, 75, 193,
194
Fannie Mae, 196, 240, 267, 273, 276,
337
Fard kefaya, 143
Fatwa Board, 68
Fatwa (edicts)
on appointment of customer as agent
(wakeel) to buy property, 208
and bank regulations, 169
LARIBA banking model, 226, 228,
233–234, 236, 244, 249, 259–260,
263, 353
late payment penalties, 205, 206scholarly research (Usul Ul Fiqh), 61,
67–74, 77, 78
and Shari’aa-compliant banking models,
213, 214, 219, 226
Federal Deposit Insurance Corporation
(FDIC), 155, 162, 163, 173, 174, 250,
280, 281, 291, 292
Federal Open Market Committee
(FOMC), 91, 92, 101
Federal Reserve
and bank compliance with statutes and
regulations, 181
and bank reserves, 94, 96
and bubbles, 104
establishment of, 90
Federal Reserve Banks, 92, 93
functions of, 91, 92, 103, 104, 172
goals of, 90, 91
and gold standard, 89, 97
and inflation, 103
interest rates, setting (Taylor rule),
99–101, 172
members of Federal Reserve system, 159
printing money, 98, 99
real and nominal interest rates, 101, 102
Regulation B, 169–172
Regulation C, 172–174
Regulation H, 181
structure of, 92, 93
Finance houses, 194
Financial Accounting Standards Board
(FASB), 339
Financial derivatives, 98, 231
Financial engineering, 134, 211, 241, 257,
274
Financial statement audits, 311
Financial system in U.S., breakdown of.
SeeEconomic and financial global
meltdown of 2008
Financing future production (ba’i ul
salam), 59, 354
FinCEN, 335
Findley, Gary Steven, 285–288, 292, 295,
302
Findley, Gerald, 285, 286
Findley Report, 285
Fiqh,67–73, 77,78,105, 106
Flood Disaster Protection Act, 186386 INDEX