Introduction to Islamic Banking and Finance

Preface.
 
About the Author.
 
1 Muslim Beliefs.
 
1.1 Five Pillars of Faith.
 
1.2 Six Islamic Creeds.
 
1.3 Belief in Allah and His Attributes.
 
1.4 Belief in Destiny.
 
1.5 Belief in Angels.
 
1.6 Belief in Apostles.
 
1.7 Belief in the Revealed Books.
 
1.8 Belief in the Hereafter.
 
2 Sharia'a Law and Sharia'a Boards: Roles, Responsibility and Membership.
 
2.1 Definition of the Sharia'a.
 
2.2 Allah is the Law Giver.
 
2.3 Objectives of the Sharia'a.
 
2.4 Sources of the Sharia'a.
 
2.5 Sharia'a Islamic Investment Principles.
 
2.6 Conditions for Investment in Shares.
 
2.7 Sharia'a Supervisory Board (SSB).
 
2.8 Sharia'a Board Scholar Qualifications.
 
2.9 State Bank of Pakistan (SBP): Proper Criteria for Appointment of Sharia'a Advisors.
 
3 Definition of Islamic Banking.
 
3.1 Conventional Bankers and Islamic Banking.
 
3.2 Six Key Islamic Banking Principles.
 
3.3 Definition of Asymmetric Information.
 
3.4 Origins of Asymmetric Risk within Islamic Banking.
 
3.5 Riba in the Qur'an and Sunnah or Hadith.
 
3.6 Five Reasons for the Prohibition of Riba.
 
4 Murabaha as a Mode of Islamic Finance.
 
4.1 Murabaha Transactions.
 
4.2 What Makes Murabaha Sharia'a Compliant?
 
4.3 Islam Treats Money and Commodities Differently.
 
4.4 Murabaha and the Sharia'a.
 
4.5 Practicalities of Implementing Murabaha.
 
4.6 Sharia'a Rules Concerning Murabaha.
 
4.7 Reasoning Behind Sharia'a Rules.
 
4.8 Practical Examples of the Application of Murabaha.
 
4.9 Key Issues Associated with Murabaha.
 
4.10 Comparison of Murabaha with Interest-Based Finance.
 
4.11 Murabaha Differences from the other Islamic Financing Techniques.
 
4.12 Summary.
 
Reference.
 
5 Mudaraba as a Mode of Islamic

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.