The Islamic Banking and Finance Workbook Step-by-Step Exercises to help you Master the Fundamentals of Islamic Banking and Finance

by Kettell, Brian B.

• ISBN13: 9781118467282
• ISBN10: 1118467280
• Edition: 1st
• Format: eBook
• Copyright: 2012-05-25
• Publisher: Wiley

Summary

The first practical workbook of its kind that promotes the understanding of Islamic banking and finance, by allowing readers to self-test their knowledge of Islamic finance and banking concepts. The Workbook includes a full answer key and brief chapter summaries and learning objectives, making the information that readers attain from An Introduction to Islamic Banking and Finance that much more valuable.

Author Biography

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.

Table of Contents

Preface.

About the Author.

1 What Do You Know About Islam?

1.1 Learning Outcomes, Summary Overview and Problems.

1.1.1 Learning Outcomes.

1.1.2 Summary Overview.

1.2 Questions.

1.3 Answers.

2 Sources of Sharia'a Law and the Role of Sharia'a Boards.

2.1 Learning Outcomes, Summary Overview and Problems.

2.1.1 Learning Outcomes.

2.1.2 Summary Overview.

2.1.3 Sharia'a Supervisory Board.

2.2 Questions.

2.2.1 General.

2.2.2 Responsibilities of the Parties to the Sharia'a Contracts.

2.2.3 Islamic Finance Terminology Quiz.

2.3 Answers.

2.3.1 General.

2.3.2 Responsibilities of the Parties to the Sharia'a Contracts.

2.3.3 Islamic Finance Terminology Quiz.

3 Principles of Islamic Banking and Finance.

3.1 Learning Outcomes, Summary Overview and Problems.

3.1.1 Learning Outcomes.

3.1.2 Summary Overview.

3.1.3 History of Islamic Banking.

3.1.4 Islamic Banking Principles.

3.2 Questions.

3.2.1 General.

3.2.2 Islamic Banking Principles.

3.3 Answers.

3.3.1 General.

4 The Murabaha Contract as a Mode of Islamic Finance.

4.1 Learning Outcomes, Summary Overview and Problems.

4.1.1 Learning Outcomes.

4.1.2 Summary Overview.

4.2 Questions.

4.2.1 What are the Features of the Murabaha Contract?

4.2.2 The Murabaha Contract.

4.2.3 Risks with the Murabaha Contract.

4.3 Answers.

4.3.1 What are the Features of the Murabaha Contract?

4.3.2 The Murabaha Contract.

4.3.3 Risks with the Murabaha Contract.

5 The Mudaraba Contract as a Mode of Islamic Finance.

5.1 Learning Outcomes, Summary Overview and Problems.

5.1.1 Learning Outcomes.

5.1.2 Summary Overview.

5.2 Questions.

5.2.1 What are the Features of the Mudaraba Contract?

5.2.2 The Mudaraba Contract.

5.2.3 Musharaka versus the Mudaraba Contract.

5.2.4 Risks with the Mudaraba Contract.

5.3 Answers.

5.3.1 What are the Features of the Mudaraba Contract?

5.3.2 The Mudaraba Contract.

5.3.3 Musharaka versus the Mudaraba Contract.

5.3.4 Risks with the Mudaraba Contract.

6 The Musharaka Contract as a Mode of Islamic Finance.

6.1 Learning Outcomes, Summary Overview and Problems.

6.1.1 Learning Outcomes.

6.1.2 Summary Overview.

6.1.3 Criticism of Musharaka.

6.2 Questions.

6.2.1 What are the Features of the Musharaka Contract?

6.2.2 The Musharaka Contract.

6.2.3 Risks with the Musharaka Contract.

6.3 Answers.

6.3.1 What are the Features of the Musharaka Contract?

6.3.2 The Musharaka Contract.

6.3.3 Risks with the Musharaka Contract.

7 The Ijara Contract as a Mode of Islamic Finance.

7.1 Learning Outcomes, Summary Overview and Problems.

7.1.1 Learning Outcomes.

7.1.2 Summary Overview.

7.2 Questions.

7.2.1 What are the Features of the Ijara Contract?

7.2.2 The Ijara Contract.

7.2.3 The Ijara wa Iqtina Contract.

7.2.4 The Ijara Contract in more detail.

7.2.5 Risks with the Ijara Contract.

7.3 Answers.

7.3.1 What are the Features of the Ijara Contract?

7.3.2 The Ijara Contract.

7.3.3 The Ijara Wa Iqtina Contract.

7.3.4 The Ijara Contract in more detail.

7.3.5 Risks with the Ijara Contract.

8 The Istisna'a Contract as a Mode of Islamic Finance.

8.1 Learning Outcomes, Summary Overview and Problems.

8.1.1 Learning Outcomes.

8.1.2 Summary Overview.

8.2 Questions.

8.2.1 What are the Features of the Istisna'a Contract?

8.2.2 The Istisna'a Contract.

8.2.3 Istisna'a and Salam Contracts.

8.2.4 Risks with the Istisna'a Contract.

8.3 Answers.

8.3.1 What are the Features of the Istisna'a Contract?

8.3.2 The Istisna'a Contract.

8.3.3 Istisna'a and Salam Contracts.

8.3.4 Risks with the Istisna'a Contract.

9 The Salam Contract as a Mode of Islamic Finance.

9.1 Learning Outcomes, Summary Overview and Problems.

9.1.1 Learning Outcomes.

9.1.2 Summary Overview.

9.2 Questions.

9.2.1 What are the Features of the Salam Contract.

9.2.2 The Salam Contract.

9.2.3 Istisna’a and Salam Contracts.

9.2.4 Risks with the Salam Contract.

9.3 Answers.

9.3.1 What are the Features of the Salam Contract.

9.3.2 The Salam Contract.

9.3.3 Istisna’a and Salam Contracts.

9.3.4 Risks with the Salam Contract.

10 Takaful: Islamic Insurance.

10.1 Learning Outcomes, Summary Overview and Problems.

10.1.1 Learning Outcomes.

10.1.2 Summary Overview.

10.1.3 Takaful Products are Based on Three Main Business Models.

10.2 Questions.

10.2.1 Takaful Terminology and Concepts.

10.2.2 Takaful Principles.

10.3 Answers.

10.3.1 Takaful Terminology and Concepts.

10.3.2 Takaful Principles.

Glossary.

Bibliography.

Index.