Coverart for item
The Resource Islamic finance : law, economics, and practice, Mahmoud A. El-Gamal

Islamic finance : law, economics, and practice, Mahmoud A. El-Gamal

Label
Islamic finance : law, economics, and practice
Title
Islamic finance
Title remainder
law, economics, and practice
Statement of responsibility
Mahmoud A. El-Gamal
Creator
Author
Subject
Language
eng
Summary
Provides an overview of the practice of Islamic finance and the historical roots that define its modes of operation. The focus of the book is analytical and forward-looking. It shows that Islamic finance exists mainly as a form of rent-seeking legal-arbitrage
Cataloging source
CaPaEBR
http://library.link/vocab/creatorDate
1963-
http://library.link/vocab/creatorName
El-Gamal, Mahmoud A.
Dewey number
332.0917/67
Illustrations
illustrations
Index
index present
LC call number
KBP940.2
LC item number
.E414 2006eb
Literary form
non fiction
Nature of contents
  • standards specifications
  • bibliography
http://library.link/vocab/subjectName
  • Banking law (Islamic law)
  • Business enterprises
  • Securities
  • Finance
  • Economics
Label
Islamic finance : law, economics, and practice, Mahmoud A. El-Gamal
Instantiates
Publication
Note
Originally published: 2006
Bibliography note
Includes bibliographical references (p. 193-218) and index
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
  • List of Illustrations
  • Partnerships and Equity Investment
  • Classical Types of Partnership
  • Silent Partnership: Theoretical Workhorse of Islamic Finance
  • Valid and Defective Silent Partnerships
  • Common-Stock Ownership
  • "Islamic Screens" and Their Shortcomings
  • Cleansing Returns
  • Positive Screens and the Islamic Brand Name
  • Islamic Financial Institutions
  • Banking and Islamic Banking
  • Theoretical Structure: Two-Tier Silent Partnership
  • Deposits vs. Loans: Trust and Guaranty
  • Insurance and Takaful
  • Two Sides of the Two Debates
  • Shari'a Arbitrage vs. Islamic Prudential Regulation
  • Generic Agency Characterization of Financial Institutions
  • Governance and Regulatory Solutions in Mutuality
  • Rent-Seeking Shari'a Arbitrage and Absence of Mutuality
  • Potential for Mutuality in Islamic Banking
  • Need for Mutuality in Takaful
  • A Call for Mutuality in Banking and Insurance
  • Mutuality in Banking
  • Mutuality in Insurance
  • Beyond Shari'a Arbitrage
  • Shari'a Arbitrage and Criminal Finance
  • Shari'a Arbitrage at the Limit
  • Benchmarking ad Absurdum
  • Hedge-Fund Instruments - Shari'a-Arbitrage Style
  • Self-Destructiveness of Shari'a Arbitrage
  • Declining Shari'a-Arbitrage Profit Margins
  • Dilution of the "Islamic" Brand Name
  • Toward a New Islamic Finance Identity
  • Macroeconomic Substance: Privatization Sukuk
  • Mosque-Based Network of Financial Mutuals
  • Positive Screens, Ethical Investment
  • Conclusion
  • Notes
  • Bibliography
  • Index
  • Preface
  • Glossary and Transliteration
  • Introduction
  • Finance without Interest?
  • Distinguishing Features of Islamic Finance
  • Prohibition-Driven Finance
  • Jurists, Shari'a Boards, and Innovation
  • Lawyers and Regulatory Arbitrage
  • Islamic Transactions Law as Common Law
  • Precedents, Analogies, and Nominate Contracts
  • Tradeoff between Efficiency and Legitimacy
  • Limits and Dangers of Shari'a Arbitrage
  • Risk of Mispricing
  • Legal and Regulatory Risks
  • Jurisprudence and Arbitrage
  • Islamic Law and Jurisprudence
  • The Canon: Qur'an, Tradition, and Consensus
  • Juristic Inference (Ijtihad) and Benefit Analysis
  • From Classical to Contemporary Jurisprudence
  • Jurisprudence, Revival, and Codification
  • Institution of Fatwa and Islamic Finance
  • Arbitraging Classical Jurisprudence
  • Shari'a-Arbitraging Classical Property Law
  • Arbitraging Classical Contract Conditions
  • Arbitrage, Ruses, and Islamic Finance
  • Two Major Prohibitions: Riba and Gharar
  • The Prohibition of Riba
  • Canonical Texts on Riba
  • Economic Substance of the Prohibition of Riba
  • The Prohibition of Gharar
  • Definition of Gharar
  • Economic Substance of Prohibition
  • Insurance and Derivatives
  • Bundled vs. Unbundled Credit and Risk
  • Sale-Based Islamic Finance
  • Basic Rules for Sales
  • Trust Sales: Murabaha, Tawliya, Wadi'a
  • Currency Exchange (Sarf)
  • Same-Item Sale-Repurchase ('Ina)
  • Same-Item Trading in 'Ina and Tawarruq
  • Custody Sale (Bay' Al-'uhda) and Sukuk Al-ijara
  • Cost of Funds: Interest-Rate Benchmarks
  • Opportunity Cost for Conventional Fund Providers
  • Viability of Islamic Benchmark Alternatives
  • Derivative-Like Sales: Salam, Istisna', and 'Urbun
  • Prepaid Forward Sale (Salam)
  • Parallel Salam
  • Conventional and Synthesized Forwards
  • Commission to Manufacture (Istisna')
  • Down-Payment Sale ('Urbun)
  • 'Urbun as Call Option
  • Leasing, Securitization, and Sukuk
  • General Lease Conditions
  • Flexible-Rate Financing
  • Subleasing, Repairs, and Insurance Costs
  • Asset-Backed Securities
  • Leasing and Securitization
  • Receivable Securitization and Sale of Debt
  • Bundling Asset-Based and Debt-Based Securities: A Paradox
  • Asset-Backed Leasing Bonds (Sukuk)
  • Credit-Rating Issues
  • Reward Pledges and Gifts Revisited
  • Usufruct Sukuk
  • Sukuk Al-Salam
Control code
008690631
Dimensions
23 cm.
Extent
xvii, 221 p.
Isbn
9780511309014
Media category
unmediated
Media MARC source
rdamedia
Media type code
  • n
Other physical details
ill.
Label
Islamic finance : law, economics, and practice, Mahmoud A. El-Gamal
Publication
Note
Originally published: 2006
Bibliography note
Includes bibliographical references (p. 193-218) and index
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
  • List of Illustrations
  • Partnerships and Equity Investment
  • Classical Types of Partnership
  • Silent Partnership: Theoretical Workhorse of Islamic Finance
  • Valid and Defective Silent Partnerships
  • Common-Stock Ownership
  • "Islamic Screens" and Their Shortcomings
  • Cleansing Returns
  • Positive Screens and the Islamic Brand Name
  • Islamic Financial Institutions
  • Banking and Islamic Banking
  • Theoretical Structure: Two-Tier Silent Partnership
  • Deposits vs. Loans: Trust and Guaranty
  • Insurance and Takaful
  • Two Sides of the Two Debates
  • Shari'a Arbitrage vs. Islamic Prudential Regulation
  • Generic Agency Characterization of Financial Institutions
  • Governance and Regulatory Solutions in Mutuality
  • Rent-Seeking Shari'a Arbitrage and Absence of Mutuality
  • Potential for Mutuality in Islamic Banking
  • Need for Mutuality in Takaful
  • A Call for Mutuality in Banking and Insurance
  • Mutuality in Banking
  • Mutuality in Insurance
  • Beyond Shari'a Arbitrage
  • Shari'a Arbitrage and Criminal Finance
  • Shari'a Arbitrage at the Limit
  • Benchmarking ad Absurdum
  • Hedge-Fund Instruments - Shari'a-Arbitrage Style
  • Self-Destructiveness of Shari'a Arbitrage
  • Declining Shari'a-Arbitrage Profit Margins
  • Dilution of the "Islamic" Brand Name
  • Toward a New Islamic Finance Identity
  • Macroeconomic Substance: Privatization Sukuk
  • Mosque-Based Network of Financial Mutuals
  • Positive Screens, Ethical Investment
  • Conclusion
  • Notes
  • Bibliography
  • Index
  • Preface
  • Glossary and Transliteration
  • Introduction
  • Finance without Interest?
  • Distinguishing Features of Islamic Finance
  • Prohibition-Driven Finance
  • Jurists, Shari'a Boards, and Innovation
  • Lawyers and Regulatory Arbitrage
  • Islamic Transactions Law as Common Law
  • Precedents, Analogies, and Nominate Contracts
  • Tradeoff between Efficiency and Legitimacy
  • Limits and Dangers of Shari'a Arbitrage
  • Risk of Mispricing
  • Legal and Regulatory Risks
  • Jurisprudence and Arbitrage
  • Islamic Law and Jurisprudence
  • The Canon: Qur'an, Tradition, and Consensus
  • Juristic Inference (Ijtihad) and Benefit Analysis
  • From Classical to Contemporary Jurisprudence
  • Jurisprudence, Revival, and Codification
  • Institution of Fatwa and Islamic Finance
  • Arbitraging Classical Jurisprudence
  • Shari'a-Arbitraging Classical Property Law
  • Arbitraging Classical Contract Conditions
  • Arbitrage, Ruses, and Islamic Finance
  • Two Major Prohibitions: Riba and Gharar
  • The Prohibition of Riba
  • Canonical Texts on Riba
  • Economic Substance of the Prohibition of Riba
  • The Prohibition of Gharar
  • Definition of Gharar
  • Economic Substance of Prohibition
  • Insurance and Derivatives
  • Bundled vs. Unbundled Credit and Risk
  • Sale-Based Islamic Finance
  • Basic Rules for Sales
  • Trust Sales: Murabaha, Tawliya, Wadi'a
  • Currency Exchange (Sarf)
  • Same-Item Sale-Repurchase ('Ina)
  • Same-Item Trading in 'Ina and Tawarruq
  • Custody Sale (Bay' Al-'uhda) and Sukuk Al-ijara
  • Cost of Funds: Interest-Rate Benchmarks
  • Opportunity Cost for Conventional Fund Providers
  • Viability of Islamic Benchmark Alternatives
  • Derivative-Like Sales: Salam, Istisna', and 'Urbun
  • Prepaid Forward Sale (Salam)
  • Parallel Salam
  • Conventional and Synthesized Forwards
  • Commission to Manufacture (Istisna')
  • Down-Payment Sale ('Urbun)
  • 'Urbun as Call Option
  • Leasing, Securitization, and Sukuk
  • General Lease Conditions
  • Flexible-Rate Financing
  • Subleasing, Repairs, and Insurance Costs
  • Asset-Backed Securities
  • Leasing and Securitization
  • Receivable Securitization and Sale of Debt
  • Bundling Asset-Based and Debt-Based Securities: A Paradox
  • Asset-Backed Leasing Bonds (Sukuk)
  • Credit-Rating Issues
  • Reward Pledges and Gifts Revisited
  • Usufruct Sukuk
  • Sukuk Al-Salam
Control code
008690631
Dimensions
23 cm.
Extent
xvii, 221 p.
Isbn
9780511309014
Media category
unmediated
Media MARC source
rdamedia
Media type code
  • n
Other physical details
ill.

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      53.403069 -2.963723
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