Index 401
defi nition of riba 57, 59–63
delegated monitoring 357
depositors 12, 16, 73, 87–88,
117–118, 119, 133, 138, 140, 146,
152, 153, 156, 160, 162–164,
171–172, 227, 232, 237, 239, 240,
241, 281, 285–287, 290, 291,
292–294, 296, 299, 300, 301, 302,
303, 304, 306, 314–316, 318, 335,
336, 337, 359, 371, 384, 387
disclosures 242, 281, 284, 286, 304,
311–312, 314, 322, 339, 340, 343,
385, 386
displaced commercial risk 285, 297,
306, 310
dispute resolution 203, 314
diversifi cation 40, 102, 111, 113, 114,
116, 121, 126, 128, 136, 152, 153,
169, 170, 171–172, 173, 174, 180,
199, 207, 229, 230, 246, 257, 276,
312–313, 360, 383, 387
Dow Jones Islamic Index 178, 179,
229, 230
E
economic development 15, 19, 63, 68,
80, 96, 113–114, 136, 152, 173, 207,
248, 255, 260, 301, 329, 354, 365,
371, 380, 387, 389
economic justice 46–51, 64, 332,
387, 391
economic system 2, 4, 8, 14, 16,
29–55, 57, 62, 64, 73, 75, 116, 132,
134, 181, 212, 323, 324, 326, 328,
329, 331, 333, 334, 368, 376, 388,
389, 396
economies of scale 25, 116, 119, 171,
226, 233, 258, 362, 380
economies of scope 313, 382
effi ciency of Islamic banks 225–229
enforcement mechanism 4, 30, 31–32,
38, 346
enterprise level sponsorship of active
risk management 362
equity 12, 14, 17, 23, 24, 26, 46, 47,
48, 49, 50, 67–68, 70, 77, 83, 88,
89, 97, 105, 108, 117, 119–120,
121, 123, 132, 138, 145, 147, 151,
153, 154, 156, 157, 158, 162, 168,
169, 172, 174, 175, 176–179, 180,
181–183, 184, 186, 204, 207, 208,
209, 210, 220, 226, 227, 228, 229,
230, 232, 245, 246, 249, 250, 267,
271, 272, 278, 279, 282, 283–284,
285, 286, 287, 289, 290, 292, 293,
302, 306, 309, 314, 316, 318, 332,
337, 343, 352, 355, 356, 357, 358,
360, 370, 373, 376, 377, 382, 383,
387, 388
equity fi nancing 24, 83, 105, 108,
162, 183, 356, 370
equity funds 17, 175, 176–180
equity investment risk 279, 283–284
excessive interest 59, 60–61, 72
exchange contract 58, 183F
fi duciary risk 292–293
fi ltering 176, 180, 339
fi nancial contracting 65, 68, 77, 115,
116, 130, 162, 250
fi nancial engineering 119–120, 204,
223, 245–260, 261–272, 360, 362,
380, 391
fi nancial innovations 19, 102, 120,
245, 247, 248, 255, 256, 275, 324,
351, 352, 376
fi nancial liberalization 135
fi nancial risk 153, 189, 247, 266,
276, 277, 278, 279–298, 335,
361–362, 379, 383
fi nancial services 24, 163, 170, 176,
223, 225–243, 279, 294, 299, 307,
315, 316, 319, 332, 345, 346, 382,
385, 386, 387
fi nancial system 1, 2, 8–13, 16, 17,
75, 77, 89, 105, 108, 109, 110,
113–136, 137–149, 163, 167, 173,