The Resource Islamic finance : law, economics, and practice, Mahmoud A. El-Gamal
Islamic finance : law, economics, and practice, Mahmoud A. El-Gamal
Resource Information
The item Islamic finance : law, economics, and practice, Mahmoud A. El-Gamal represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in Sydney Jones Library, University of Liverpool.This item is available to borrow from 1 library branch.
Resource Information
The item Islamic finance : law, economics, and practice, Mahmoud A. El-Gamal represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in Sydney Jones Library, University of Liverpool.
This item is available to borrow from 1 library branch.
- 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
- Language
- eng
- Extent
- xvii, 221 p.
- Note
- Originally published: 2006
- 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
- Isbn
- 9780511309014
- Label
- Islamic finance : law, economics, and practice
- Title
- Islamic finance
- Title remainder
- law, economics, and practice
- Statement of responsibility
- Mahmoud A. El-Gamal
- 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
- 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
- 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.
Subject
- Securities -- Islamic countries
- Banking law (Islamic law)
- Business enterprises -- Finance | Law and legislation -- Islamic countries
- Economics -- Religious aspects | Islam
- Finance -- Religious aspects | Islam
Member of
- Online access with purchase: Cambridge Books Online
- Online access with subscription: Proquest Ebook Central
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<div class="citation" vocab="http://schema.org/"><i class="fa fa-external-link-square fa-fw"></i> Data from <span resource="http://link.liverpool.ac.uk/portal/Islamic-finance--law-economics-and-practice/qJXBgUrOeGA/" typeof="Book http://bibfra.me/vocab/lite/Item"><span property="name http://bibfra.me/vocab/lite/label"><a href="http://link.liverpool.ac.uk/portal/Islamic-finance--law-economics-and-practice/qJXBgUrOeGA/">Islamic finance : law, economics, and practice, Mahmoud A. El-Gamal</a></span> - <span property="potentialAction" typeOf="OrganizeAction"><span property="agent" typeof="LibrarySystem http://library.link/vocab/LibrarySystem" resource="http://link.liverpool.ac.uk/"><span property="name http://bibfra.me/vocab/lite/label"><a property="url" href="http://link.liverpool.ac.uk/">Sydney Jones Library, University of Liverpool</a></span></span></span></span></div>
