E1BINDEX 10/28/2009 13:23:43 Page 389
Kanefsky, Yosef, Rabbi, 21
Khater, Sheikh Muhammad, Sheikh, 75
Kindness/fairness/mercy (tarahum), 206,
259, 271, 276
Know your customer, 200, 319, 334
Kuwait Finance House (KFH), 75, 76, 193,
204LARIBA
and Bank of Whittier.SeeBank
of Whittier, N.A.
capital, lack of, 272, 273
commodity indexation rule, use of, 103.
See alsoCommodity indexation
development of RF financing model,
208, 212.See alsoRF banking and
finance
founding of, 8, 9, 151, 152, 195, 196,
199, 271, 272
mark-to-market rule, use of, 54, 103.
See alsoMark-to-market rule
Shari’aa-based finance model.See
Shari’aa-based finance model
Ten Golden Rules for an RF Banker,
151
and use of cost-plus financing concept,
208
Web site, 1
LARIBA Agreement, 257, 260, 269, 270,
274
Late fees, 205, 206, 249, 250
Law of the land.See alsoBanking laws and
regulations
attempts to change, 246, 247
compliance with, 9–11, 201, 245–248,
318, 320
Lease-to-own (al ijara wal tamaluk or ijar-
ah wal iqtinaa), 58, 206, 207, 212,
247, 250, 354
MUIS and United Overseas Bank exam-
ple, 362, 363
OCC ruling on, 255
as regular finance transaction, 240, 247,
255
Leasing (ijara).See alsoLease-to-own;
Renting
process, 57, 58
RF banking and finance, 56–58riba-free legal foundation for, 57
Shari’aa rules on, 56, 57
Licensing of banks, 160, 161, 380
Liens, 213, 260–262, 276
Limited liability companies (LLCs),
209, 211, 218, 219, 221,
222, 238
Lines of credit, 345, 346.See alsoHome
equity loans
Litigation, challenges to Shari’aa-compli-
ant ‘‘contract fitting,’’ 221–223
Loan applications, 170, 171
Loan review audit, 312
Loans (qard), 16, 18, 19, 227, 228, 230,
258, 259, 346, 375, 378Maintenance of property, 250, 263
Making money versus earning money,
7, 84–86, 134, 147, 371, 373,
375
Malaysia, 81, 194, 195, 204, 205, 207,
210, 221, 222, 234, 239, 242, 286
Maliki Law, 49
Management, 145, 312, 313, 341, 342
Al Manzil, 240
Mark-to-market rule.See alsoCommodity
indexation
development of, 53, 54, 229
leases, 58
pricing, 84
and RF banking and finance, 102, 105,
128, 129, 200, 212, 235, 252, 256,
258–260, 265, 275, 277, 319, 343,
344
time certificate of deposits, 338
and values, 84, 377
Market system, 145
Market value, 53, 54, 58.See alsoFair
market pricing; Mark-to-market rule
Marriage contract and ceremonies,
245–247,249, 255, 256
Media,239, 240
Microlending, 62, 192
Milk ul raqabah (right to own title to
property), 215, 260, 261
Miraath (inheritance), 142–144
Monetarists, 234, 235
Monetary policy, 91–93, 100, 101Index 389