ABSTRACT

This book covers the recent literature concerning Islamic banking and finance (IBF), focuses on the history of IBF since its inception and introduces the latest innovative concepts and practices in the field.

The authors cover important topics such as the role of ownership, Shari`ah compliance and governance structures in raising debt capital using IBF practices, including Fatwa issues and the use of benchmarking practices. The book also addresses topics like archival data, the influence of leverage on ownership structure, and sukuk structures, as well as misconceptions, threats, challenges and opportunities in IBF. Finally, the book deals with prominent issues such as business score-carding, Takāful (Islamic Insurance), IBF implications for block-chain-based fintech and finance hub concepts in Islamic microfinance models.

This edited volume is an important contribution to the IBF literature as it provides a much-needed in-depth look into industry practices through the perspective of corporate finance and governance. With its interdisciplinary approach covering legal and financial issues along with a wide variety of notable contributors, this book will be a valuable reference guide to both teachers and students of Islamic banking and economics.

chapter 1|26 pages

Standardization in the Islamic banking & financial system

The methodology of inclusion (Taqlid al-Madh’hab)

chapter 5|14 pages

IT-based Finance Hub

A new horizon towards transparent Zakat distribution model

chapter 7|12 pages

The fallacy of conventional benchmarks in Islamic banking and finance

Defining, defending and discussing with evidence from archival data

chapter 8|15 pages

Influence of leverage on ownership structure-performance relationship

A panel data approach of Islamic and conventional banks of Pakistan

chapter 10|15 pages

Provision of riba by religious faith

A comparative analysis

chapter 11|20 pages

Layers of misconceptions about IB

Are Islamic banks threats, challenges and opportunities for investors

chapter 15|21 pages

Pricing anomaly

Tale of two similar credit-rated bonds with different yields 1

chapter 19|16 pages

Islamic safety nets for the poor

Pakistan’s experience