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Islamic Finance: Law, Economics, and Practice » (1ST)

Book cover image of Islamic Finance: Law, Economics, and Practice by Mahmoud A. El-Gamal

Authors: Mahmoud A. El-Gamal
ISBN-13: 9780521864145, ISBN-10: 0521864143
Format: Hardcover
Publisher: Cambridge University Press
Date Published: June 2006
Edition: 1ST

Author Biography: Mahmoud A. El-Gamal

Mahmoud A. El-Gamal is Professor of Economics and Statistics at Rice University, where he holds the endowed Chair in Islamic Economics, Finance, and Management. Professor El-Gamal has also served in the Middle East Department of the International Monetary Fund (1995-96), and was the first Scholar in Residence on Islamic Finance at the U.S. Department of the Treasury in
2004. He has published extensively in the areas of econometrics, finance, experimental economics, and Islamic law and finance.

Book Synopsis

This book provides an overview of the practice of Islamic finance.

1	Introduction	1
2	Jurisprudence and arbitrage	26
3	Two major prohibitions : Riba and Gharar	46
4	Sale-based Islamic finance	64
5	Derivative-like sales : Salam, Istisna', and 'Urbun	81
6	Leasing, securitization, and Sukuk	97
7	Partnerships and equity investment	117
8	Islamic financial institutions	135
9	Governance and regulatory solutions in mutuality	162
10	Beyond Shari'a arbitrage	175