The Islamic Banking and Finance Workbook - Step-by-Step Exercises to Help You Master theFundamentals of Islamic Banking and Finance
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More About This Title The Islamic Banking and Finance Workbook - Step-by-Step Exercises to Help You Master theFundamentals of Islamic Banking and Finance

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The ongoing turbulence in the global financial markets has drawn attention to an alternative system of financial intermediation: Islamic banking and finance. This is now one of the fastest growing sectors within the market place and has, so far, remained on the sidelines of this unrest. Since the inception of Islamic banking thirty years ago the number and reach of Islamic financial institutions worldwide has risen significantly. Institutions offering Islamic financial services constitute a significant and growing share of the financial system in several countries, and market participants everywhere are joining the race to study and be a part of this emerging financial system.

The Islamic Banking and Finance Workbook is a one-of-a-kind workbook on the topic, enabling readers to test their understanding of Islamic banking and finance concepts. Although suitable as a standalone learning tool, the book is designed to test the information covered in the companion book, Introduction to Islamic Finance and Banking, and covers the fundamentals of Sharia'a law, the Islamic contracts interpretations and definitions, Murabaha, Mudaraba, Musharaka, Istisna'a, Salam and Ijara modes of finance, Takaful and much more. Emphasis is placed on mini case studies, multiple choice questions and tests of the basic concepts. It also includes a full answer key and brief chapter summaries, as well as learning objectives.

The Islamic Banking and Finance Workbook is an essential learning tool for students and practitioners who want to test their knowledge of the rapidly growing world of Islamic banking and finance.

English

Brian Kettell has a wealth of practical experience in the area of Islamic banking and finance. He worked for several years as an Advisor for the Central Bank of Bahrain where he had numerous Islamic banking responsibilities.
Subsequently, Brian taught courses on Islamic banking and finance at a range of financial institutions including the World Bank, National Commercial Bank (Saudi Arabia), Global Investment House (Kuwait), Noor Islamic Bank (UAE), the UK Treasury, the Central Bank of Iran, the Central Bank of Syria, the Chartered Institute for Securities and Investment, the Institute for Financial Services and Scotland Yard.
Brian's vast academic expertise in Islamic finance is highlighted by his role as former Joint Editor of the Islamic Finance Qualification Handbook and his past teaching work at a number of top universities worldwide including the London School of Economics, the City University of Hong Kong, the American University of the Middle East in Kuwait and London Metropolitan University Business School.
Brian's impressive list of publications include over 100 articles in journals, business magazines and the financial press including Islamic Business and Finance, Islamic Banking and Finance, the Central Banking Journal, Euromoney, the Securities Journal and the International Currency Review. He has also published 6 books on Islamic banking and financial markets.

English

Preface.

About the Author.

1 What Do You Know About Islam?

1.1 Learning Outcomes, Summary Overview and Problems.

1.1.1 Learning Outcomes.

1.1.2 Summary Overview.

1.2 Questions.

1.3 Answers.

2 Sources of Sharia'a Law and the Role of Sharia'a Boards.

2.1 Learning Outcomes, Summary Overview and Problems.

2.1.1 Learning Outcomes.

2.1.2 Summary Overview.

2.1.3 Sharia'a Supervisory Board.

2.2 Questions.

2.2.1 General.

2.2.2 Responsibilities of the Parties to the Sharia'a Contracts.

2.2.3 Islamic Finance Terminology Quiz.

2.3 Answers.

2.3.1 General.

2.3.2 Responsibilities of the Parties to the Sharia'a Contracts.

2.3.3 Islamic Finance Terminology Quiz.

3 Principles of Islamic Banking and Finance.

3.1 Learning Outcomes, Summary Overview and Problems.

3.1.1 Learning Outcomes.

3.1.2 Summary Overview.

3.1.3 History of Islamic Banking.

3.1.4 Islamic Banking Principles.

3.2 Questions.

3.2.1 General.

3.2.2 Islamic Banking Principles.

3.3 Answers.

3.3.1 General.

4 The Murabaha Contract as a Mode of Islamic Finance.

4.1 Learning Outcomes, Summary Overview and Problems.

4.1.1 Learning Outcomes.

4.1.2 Summary Overview.

4.2 Questions.

4.2.1 What are the Features of the Murabaha Contract?

4.2.2 The Murabaha Contract.

4.2.3 Risks with the Murabaha Contract.

4.3 Answers.

4.3.1 What are the Features of the Murabaha Contract?

4.3.2 The Murabaha Contract.

4.3.3 Risks with the Murabaha Contract.

5 The Mudaraba Contract as a Mode of Islamic Finance.

5.1 Learning Outcomes, Summary Overview and Problems.

5.1.1 Learning Outcomes.

5.1.2 Summary Overview.

5.2 Questions.

5.2.1 What are the Features of the Mudaraba Contract?

5.2.2 The Mudaraba Contract.

5.2.3 Musharaka versus the Mudaraba Contract.

5.2.4 Risks with the Mudaraba Contract.

5.3 Answers.

5.3.1 What are the Features of the Mudaraba Contract?

5.3.2 The Mudaraba Contract.

5.3.3 Musharaka versus the Mudaraba Contract.

5.3.4 Risks with the Mudaraba Contract.

6 The Musharaka Contract as a Mode of Islamic Finance.

6.1 Learning Outcomes, Summary Overview and Problems.

6.1.1 Learning Outcomes.

6.1.2 Summary Overview.

6.1.3 Criticism of Musharaka.

6.2 Questions.

6.2.1 What are the Features of the Musharaka Contract?

6.2.2 The Musharaka Contract.

6.2.3 Risks with the Musharaka Contract.

6.3 Answers.

6.3.1 What are the Features of the Musharaka Contract?

6.3.2 The Musharaka Contract.

6.3.3 Risks with the Musharaka Contract.

7 The Ijara Contract as a Mode of Islamic Finance.

7.1 Learning Outcomes, Summary Overview and Problems.

7.1.1 Learning Outcomes.

7.1.2 Summary Overview.

7.2 Questions.

7.2.1 What are the Features of the Ijara Contract?

7.2.2 The Ijara Contract.

7.2.3 The Ijara wa Iqtina Contract.

7.2.4 The Ijara Contract in more detail.

7.2.5 Risks with the Ijara Contract.

7.3 Answers.

7.3.1 What are the Features of the Ijara Contract?

7.3.2 The Ijara Contract.

7.3.3 The Ijara Wa Iqtina Contract.

7.3.4 The Ijara Contract in more detail.

7.3.5 Risks with the Ijara Contract.

8 The Istisna'a Contract as a Mode of Islamic Finance.

8.1 Learning Outcomes, Summary Overview and Problems.

8.1.1 Learning Outcomes.

8.1.2 Summary Overview.

8.2 Questions.

8.2.1 What are the Features of the Istisna'a Contract?

8.2.2 The Istisna'a Contract.

8.2.3 Istisna'a and Salam Contracts.

8.2.4 Risks with the Istisna'a Contract.

8.3 Answers.

8.3.1 What are the Features of the Istisna'a Contract?

8.3.2 The Istisna'a Contract.

8.3.3 Istisna'a and Salam Contracts.

8.3.4 Risks with the Istisna'a Contract.

9 The Salam Contract as a Mode of Islamic Finance.

9.1 Learning Outcomes, Summary Overview and Problems.

9.1.1 Learning Outcomes.

9.1.2 Summary Overview.

9.2 Questions.

9.2.1 What are the Features of the Salam Contract.

9.2.2 The Salam Contract.

9.2.3 Istisna’a and Salam Contracts.

9.2.4 Risks with the Salam Contract.

9.3 Answers.

9.3.1 What are the Features of the Salam Contract.

9.3.2 The Salam Contract.

9.3.3 Istisna’a and Salam Contracts.

9.3.4 Risks with the Salam Contract.

10 Takaful: Islamic Insurance.

10.1 Learning Outcomes, Summary Overview and Problems.

10.1.1 Learning Outcomes.

10.1.2 Summary Overview.

10.1.3 Takaful Products are Based on Three Main Business Models.

10.2 Questions.

10.2.1 Takaful Terminology and Concepts.

10.2.2 Takaful Principles.

10.3 Answers.

10.3.1 Takaful Terminology and Concepts.

10.3.2 Takaful Principles.

Glossary.

Bibliography.

Index.

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