TY - BOOK AU - Al-Omar,Fuad AU - Abdel-Haq,Mohammed TI - Islamic banking: theory, practice, and challenges SN - 1856493431 AV - HG3368.A6 A443 1996 U1 - 332.10917671 20 PY - 1996/// CY - Atlantic Highlands, NJ PB - Zed Books KW - Banks and banking KW - Islamic countries KW - Religious aspects KW - Islam KW - Banking law (Islamic law) N1 - Online version: Al-Omar, Fuad, 1954- Islamic banking. Atlantic Highlands, NJ : Zed Books, 1996 (OCoLC)655282174; Includes bibliographical references and index; TOC; 1. Framework of Islamic Finance -- 2. Overview of Islamic Banking -- 3. Al-Baraka International Bank Limited (AIBL): The Experience of an Islamic Bank in England -- 4. Jordan Islamic Bank for Finance and Investment (JIB): The Experience of an Islamic Bank in Jordan -- 5. Special Finance Houses in Turkey, with Emphasis on (Al-Baraka Turk) Al-Baraka Turkish Finance House -- 6. Islamic Banking in Malaysia -- 7. Derivatives, and the Challenges in the Development of Islamic Secondary-Market Instruments: The Experience of the Islamic Development Bank -- 8. Islamic Banking in Pakistan -- 9. Comparative Analysis of the Financial Statements of Islamic and non-Islamic Banks -- 10. Challenges Faced by Islamic Banks -- 11. Important Considerations Before Engaging in Islamic Transactions -- 12. Conclusions and Recommendations; BM N2 - Summary: "Islam has a very specific approach to commercial transactions, the law of contract, the legitimacy of interest charges, indeed to the very nature of property. For financial institutions operating in an Islamic environment, or seeking to meet the requirements of Muslim communities, this poses a variety of problems. Islamic Banking investigates how these challenges are being met in practice." "The authors describe the way Islamic banks actually work within various economic, financial, legal and religious environments. They take the reader through the principles involved, issues that arise, and difficulties encountered." "Drawing on detailed studies of Islamic banking in the very different institutional and legal contexts of Jordan, Turkey, Malaysia and Pakistan, as well as London, they explain how Islamic concepts impact upon the use of financial instruments, commercial priorities and banking services. They also focus on Islamic banks' relations with central banks, comparative analysis of their financial performance and their role generally in a development context." "Islamic Banking will be essential reading for all those in Western banks and law firms involved in the setting up and running of banking units operating in accordance with Islamic precepts. It will also be a resource for students of international banking practice."--BOOK JACKET. UR - http://www.loc.gov/catdir/description/hol055/96016262.html UR - http://www.loc.gov/catdir/toc/hol052/96016262.html UR - http://www.worldcat.org/title/islamic-banking-theory-practice-and-challenges/oclc/34514950&referer=brief_results ER -