An introduction to Islamic finance
By: Muhammad Taqi Usmani.
Series: Arab and Islamic laws series
Publisher: Kluwer Law International
Published: 2002
Place of publication: Hague; New York
Language: eng
Number of pages: 125
Subjects: Finance -- Islamic countries.; Finance -- Religious aspects -- Islam.; Financial institutions -- Islamic countries.
Notes: Includes bibliographical references (p. 117-118) and index.
Table of contents: title: Machine generated contents note: Some Preliminary Points; title: 1. Belief in Divine Guidance; title: 2. The Basic Difference Between Capitalist and Islamic Economy; title: 3. Asset-backed Financing; title: 4. Capital and Entrepreneur; title: 5. Present Practices of Islamic Banks; title: Chapter 1. Musharakah; title: 1. Introduction; title: 2. The Concept of Musharakah; title: 3. The Basic Rules of Musharakah; title: 3.1 Distribution of Profit; title: 3.2 Ratio of Profit; title: 3.3 Sharing of Loss; title: 3.4 The Nature of the Capital; title: 3.5. Management of Musharakah; title: 3.6. Termination of Musharakah; title: 3.7. Termination of Musharakah without Closing the Business; title: 4. The Concept of Mudarabah; title: 4.1. Business of the Mudarabah; title: 4.2. Distribution of the Profit; title: 4.3. Termination of Mudarabah; title: 5. Combination of Musharakah and Mudarabah; title: 6. Musharakah and Mudarabah as Modes of Financing; title: 6.1. Project Financing; title: 6.2. Securitization of Musharakah; title: 6.3. Financing of a Single Transaction; title: 6.4. Financing of the Working Capital; title: 6.5. Sharing in the Gross Profit Only; title: 6.6. Running Musharakah Account on the Basis of Daily Products; title: 7. Some Objections to Musharakah Financing; title: 7.1. Risk of Loss; title: 7.2. Dishonesty; title: 7.3. Secrecy of the Business; title: 7.4. Clients' Unwillingness to Share Profits; title: 8. Diminishing Musharakah; title: 8.1. Diminishing Musharakah for Carrying Business of Services:; title: 8.2. Diminishing Musharakah in Trade:; title: Chapter 2. Murabahah; title: 1. Introduction; title: 2. Some Basic Rules of Sale; title: 2.1. Bai' Mu'ajjal (Sale on Deferred Payment Basis); title: 3. Murabahah; title: 3.1. Murabahah as a Mode of Financing; title: 4. Basic Features of Murabahah Financing; title: 5. Some Issues Involved In Murabahah; title: 5.1. Different Pricing for Cash and Credit Sales; title: 5.2. The Use of The Interest-Rate as a Benchmark; title: 5.3. Promise to Purchase; title: 5.4. Securities Against Murabahah Price; title: 5.5. Guaranteeing the Murabahah; title: 5.6. Penalty of Default; title: 5.7. An Alternative Suggestion; title: 5.8. No Roll-Over in Murabahah; title: 5.9. Rebate on Earlier Payment; title: 5.10. Calculation of Cost in Murabahah; title: 5.11. Subject-Matter of Murabahah; title: 5.12. Rescheduling of Payments in Murabahah; title: 5.13. Securitization of Murabahah; title: 5.14. Some Basic Mistakes in Murabahah Financing; title: 6. Conclusions; title: Chapter 3. Ijarah; title: 1. Introduction; title: 2. Basic Rules of Leasing; title: 3. Determination of Rental; title: 4. Lease as a Mode of Financing; title: 4.1. The Commencement of Lease; title: 4.2. Different Relationships of the Parties; title: 4.3. Expenses Consequent to Ownership; title: 4.4. Liability of the Parties in Cases of Loss to the Asset; title: 4.5. Variable Rentals in Long-Term Leases; title: 4.6. Penalty for Late Payment of Rent; title: 4.7. Termination of Lease; title: 4.8. Insuranceof the Assets; title: 4.9. The Residual Value of the Leased Asset; title: 5. Sub-Lease; title: 6. Assigning of the Lease; title: 7. Securitization of Ijarah; title: 8. Head-Lease; title: Chapter 4. Salam and Istina'; title: 1. Introduction; title: 1.1. Meaning of Salam; title: 1.2. Conditions of Salam; title: 2. Salam as a Mode of Financing; title: 2.1. Some Rules of Parallel Salam; title: 3. Istisna'; title: 3.1. Difference Between Istisna' and Salam; title: 3.2. Difference Between Istisna' and Ijarah; title: 3.3. Time of Delivery; title: 4. Istisna' as a mode of financing; title: Chapter 5. Islamic Investment Funds; title: 1. Introduction; title: 2. Equity Fund; title: 2.1. Conditions for Investment in Shares; title: 3. Ijarah Fund; title: 4. Commodity Fund; title: 5. Murabahah Fund; title: 6. Bai'-al-dain; title: 7. Mixed Fund; title: Chapter 6. The Principles of Limited Liability; title: 1. Introduction; title: 1.1. Waqf; title: 1.2. Baitul-Mal; title: 1.3. Joint Stock; title: 1.4. Inheritance under Debt; title: 1.5. The Limited Liability of the Master of a Slave; title: Chapter 7. The Performance of Islamic Banks; title: Selected Bibliography; title: Index.