Contemporary Islamic Finance: Innovations, Applications and Best Practices

Contents

Acknowledgments

  1  Introduction: Islamic Finance in the World Economy

Karen Hunt-Ahmed

PART I  The Contemporary Islamic Finance Landscape

  2  Contemporary Islamic Economic Thought

Mohammad Omar Farooq

  3  The Legal Framework of Islamic Finance

Cynthia Shawamreh

  4  Globalization and Islamic Finance: Flows and Consciousness

Karen Hunt-Ahmed

  5  Islamic Science and the Critique of Neoclassical Economic Theory

Waleed El-Ansary

  6  Juristic Disagreement: The Collective Fatwā Against Islamic Banking in Pakistan

Shoaib A. Ghias

  7  Managing Liquidity Risk in Islamic Finance

Dr. Muhammad Al-Bashir Muhammad Al-Amine

  8  Elements of Islamic Wealth Management

Paul Wouters

  9  Sukūk and the Islamic Capital Markets: An Introduction

Michael J. T. McMillen

10  Shari'a-Compliant Mutual Funds

Monem Salam

11  The Evolution of Shari'ah-Compliant Indexes and Why They Outperform Conventional Indexes over the Long Term

Tariq Al-Rifai

12  Takaful

Farrukh Siddiqui

13  Islamic Human Resources Practices

William Marty Martin

14  An Integrated Islamic Poverty Alleviation Model

Ali Ashraf and M. Kabir Hassan

15  How Does an Islamic Microfinance Model Play the Key Role in Poverty Alleviation? The European Perspective

Sabur Mollah and M. Hamid Uddin

PART II  Case Studies

16  Islamic Finance in an Almost Postcrisis and Postrevolutionary World: As in Politics, All Islamic Finance Is Local

Mark Smyth

17  Stepping Forward, Backward, or Just Standing Still? A Case Study in Shifting Islamic ...