The Art of Islamic Banking and Finance: Tools and Techniques for Community-Based Banking

E1BINDEX 10/28/2009 13:23:42 Page 382

Index

Abdelaaty, Mike, 294, 295

Academics and university professors, 237,

238.See alsoScholars (fuquahaa)

Accounting and Auditing Organization for

Islamic Financial Institutions

(AAOIFI), 81

Accounting standards, 154, 205, 339

Advertising, 170, 180, 249, 257

Agent (wakeel), 59, 208, 260

Al Baraka Bank of London, 206, 212–216,

240, 260, 263

Al Baraka Turk Finance House, 194

Al-Faisal, Prince Muhammad, 75, 193,

194

Al Manzil, 240

Al Yaseen, Sheikh Bazee, 75, 76

Allowance for loan and lease losses

(ALLL), 289, 290, 312, 341, 344,

345, 350, 354

Amana (deposit in trust account), 315,

337, 344, 348, 358

Amana Funds, 366

American Bankers Association,

167

American Finance House LARIBA.

SeeLARIBA

American International Group (AIG),

372, 373

Anti-money laundering, 181, 335

Appraisals, 264, 265

Arab-Israeli (Ramadan-Yom Kippur) war

(1973), 97, 193

Art of Islamic banking and finance,

244–249

Asset-based bonds (sukuk), 2, 207, 246,

359–363

Asset-based financing, 200

Attorneys, 241, 242, 244

Audit committee, 308, 309

Audits, Bank of Whittier policies.SeeBank

of Whittier, N.A.

Automobiles, 128, 283–285

Backing requirement, 89

Ba’i ul salam.SeeFinancing future

production (ba’i ul salam)

Al bai’ bithaman aajil (BBA), 204, 207.See

alsoCost-plus model (murabaha)

Bailouts, 3, 98

Baker, James A., III, 49, 52, 108, 109, 235

Balance sheet, 93, 96, 337–341, 9495

Bank accounts

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

RF banking, 347–352

Bank charters, 89, 93, 159–161, 287, 288,

380

Bank fees, 340

Bank Islam Malaysia, 194

Bank Negara Malaysia (BNM), 195

Bank of Whittier, N.A.

accounts and services offered, 196,

347–352

acquisition of by LARIBA, shareholders,

196, 274, 287–295

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