The art of RF (Riba-Free) Islamic banking and finance : tools and techniques for community-based banking

The art of RF (Riba-Free) Islamic banking and finance tools and techniques for community-based banking

"Updated and expanded insights into Islamic banking and financeFrom Yahia Abdul-Rahman-the father of Riba-Free (RF) banking-comes the expanded edition of the definitive resource that offers an understanding for applying Islamic banking and financial practices. No matter what your faith or relig...

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Detalles Bibliográficos
Otros Autores: Abdul-Rahman, Yahia, 1944- author (author)
Formato: Libro electrónico
Idioma:Inglés
Publicado: Hoboken, New Jersey : Wiley 2014.
Edición:Second edition
Colección:Wiley finance series.
Materias:
Banks and banking > Islamic countries.
Banks and banking > Religious aspects > Islam.
Finance > Islamic countries.
Finance > Religious aspects > Islam.
Ver en Biblioteca Universitat Ramon Llull:https://discovery.url.edu/permalink/34CSUC_URL/1im36ta/alma991009629990806719
Tabla de Contenidos:
  • Intro
  • The Art of RF (Riba-Free) Islamic Banking and Finance
  • Contents
  • Preface to the Second Edition
  • Preface: My Story with RF (Islamic) Banking and Finance in America
  • Acknowledgments
  • About the Book Cover
  • CHAPTER 1 Introduction
  • NOTES
  • CHAPTER 2 The Faith-Based Judeo-Christian-Islamic Foundation of the Prohibition of Interest and the RF (Riba-Free) Banking System
  • ISLAM: THE ADDITIONAL AND CLOSING LINK IN THE CHAIN OF JUDAISM AND CHRISTIANITY
  • AN INTRODUCTION TO THE JUDEO-CHRISTIAN-ISLAMIC FOUNDATIONS OF FAITH
  • The Book
  • The People of the Faith
  • Loans
  • Usury/Interest
  • THE JUDAIC POSITION ON THE CHARGING OF RIBIT (INTEREST): MONEY, LENDING, AND INTEREST IN THE TORAH AND THE JEWISH TRADITION
  • Loans to the Poor
  • Lending to Non-Jews with Interest
  • Business Financing
  • THE CHARGING OF RIBIT (INTEREST) IN THEROMAN CATHOLIC TRADITION: THEN AND NOW
  • Lending to the Poor
  • Position of the Contemporary Roman Catholic Churchon Allowing the Charging of Interest
  • THE CHARGING OF RIBIT (INTEREST) IN THE TRADITION AND TEACHINGS OF THE EVANGELICAL CHRISTIAN CHURCH
  • Lending to the Poor
  • Lending to the Enemy
  • Business Financing and Relaxation of the Rules of Prohibiting the Charge of Interest
  • THE PROHIBITION OF CHARGING OF RIBIT/RIBA (INTEREST/USURY) IN ISLAM
  • The Development of the Universal RF System in Islam
  • The Concept of God Owning Everything
  • Developing the Institution of Giving (Zakah) as a Required Islamic Ritual (Like Prayers)
  • Behavioral Guidelines and the Discipline of Giving
  • Business Finance
  • Types of Riba
  • Riba al-Jahiliyah
  • Riba al-Fadl
  • The Law (Shari'aa) Prohibits Deceptive and Speculative Activities in Business Transactions (Gharar)
  • REVIEW QUESTIONS
  • NOTES
  • CHAPTER 3 The RF Valuation Disciplines of Commodity Indexation and Marking to the Market.
  • DEVELOPMENT OF THE MARK-TO-THE-MARKET RULE
  • RIBA-FREE BUSINESS TRANSACTION MODELS
  • Cost-Plus (Murabaha)
  • Leasing (Ijara) Rules
  • The RF Legal Foundation on Leasing
  • Process
  • Joint Venture (Musharaka) Direct Investment/Equity Ownership or Partnership
  • Money Management (Mudaraba)
  • Financing Future Production (Ba'i ul Salam)
  • REVIEW QUESTIONS
  • NOTES
  • CHAPTER 4 The Law: The Judeo-Christian-Islamic Shari'aa
  • THE LAW: SHARI'AA
  • Sources of Shari'aa
  • The Qur'aan
  • The Way of Life (Sunnah) of the Prophet
  • The Science and Foundation of Scholarly Research, or "Usul Ul Fiqh"
  • Performing Scholarly Research to Develop and Pass Religious Edicts and Rulings: The Process of Issuing a Fatwa (An Edict)
  • The Ultimate Intent and Goals of the Law (Shari'aa): Maqasid Al Shari'aa
  • THE SHARI'AA BOARD IN AN RF (ISLAMIC) BANK OR FINANCE COMPANY
  • The Role of the Shari'aa Board
  • Duties of the Shari'aa Board at the RF Bank
  • Approaches Used to Appoint Shari'aa Boards
  • Concerns of Western Central Bankers and Bank Regulators Regarding Shari'aa Boards
  • THE DEVELOPMENT OF RF SCHOLARS AND COMPLIANCE COMMITTEES FOR RF FINANCE INSTITUTIONS IN THE TWENTY-FIRST CENTURY
  • The Central Bank and the Regulatory Shari'aa Compliance Committee
  • REVIEW QUESTIONS
  • NOTES
  • CHAPTER 5 Money and Its Creation: The U.S. Federal Reserve System (Central Banks) and Interest Rates
  • THOSE WHO "MAKE" MONEY AND OTHERS WHO "EARN" MONEY
  • What Is Money?
  • The History of Money
  • Fiat (Paper) Money
  • American Currency before the Federal Reserve System
  • THE FEDERAL RESERVE BOARD OF THE UNITED STATES OF AMERICA
  • Function of the Federal Reserve
  • Structure of the Federal Reserve Board (America's Central Bank)
  • Who Owns the Federal Reserve Bank?
  • Credit Creation in the Modern Banking System-The Money Multiplier Concept.
  • A BRIEF HISTORY OF THE BRETTON WOODS AGREEMENT
  • GOLD: THAT AMAZING METAL
  • Gold Reserves in the World
  • The History of Gold Markets and Prices
  • Setting the Market Price of Gold: Gold Price Fixing
  • The Fed Fund Interest Rates Setting Regime: The Taylor Rule
  • Real and Nominal Interest Rate
  • The Fiat Money Economy
  • The U.S. Dollar's Role as an International Reserve Currency and the Developing Nations (Also Called Less Developed Nations)
  • REVIEW QUESTIONS
  • NOTES
  • CHAPTER 6 Towards an RF Monetary Discipline: The RF Commodity Indexation Discipline
  • THE CYCLICAL NATURE OF THE FIAT MONEY ECONOMY
  • THE PROHIBITION OF RIBA/RIBIT
  • Reason for Prohibition
  • Application of the RF Law Using the RF Commodity Indexation Discipline
  • Toward an RF Monetary Theory and Discipline
  • Development of an RF Monetary System to Develop a Fair RF Pricing Discipline
  • ANALYSIS OF PRICES OF HOMES, COMMODITIES, AND STOCK MARKETS IN THE UNITED STATES USING THE COMMODITY INDEXATION DISCIPLINE
  • Homes in America
  • Price of Coal
  • Price of Crude Oil
  • Price of Natural Gas
  • Price of Rice
  • A PROPOSED BEGINNING OF A NEW ERA THAT USES THE RF MONETARY DISCIPLINE
  • REVIEW QUESTIONS
  • NOTES
  • CHAPTER 7 Civility and Social Responsibility of the RF Banking System
  • THE JUDEO-CHRISTIAN-ISLAMIC VALUES: CIVILITY, MORALITY, AND SOCIAL RESPONSIBILITY
  • THE VISION OF AN IDEAL FAITH-BASED JUDEO-CHRISTIAN-ISLAMIC SOCIETY
  • NEW TRENDS THAT CAPTURED THE IMAGINATION OF THE PAGANS OF THE ARABIAN PENINSULA-LESSONS TO LEARN FROM
  • ELEMENTS OF THE RF ECONOMIC SYSTEM
  • Production
  • Distribution
  • Consumption
  • THE RF JUDEO-CHRISTIAN-ISLAMIC SYSTEM AND BUSINESS ETHICS
  • The RF Market System
  • The RF Management Ethics
  • Justice and Fairness on Both Sides: The RF Bank and the Customer
  • BANKING AND INVESTMENT BANKING.
  • VALUES AND BUSINESS ETHICS OF THE RF BANKER
  • Professionalism
  • Concentration
  • Consistency
  • Commitment
  • THE 10 GOLDEN COVENANTS OF THE RF BANKER
  • THE RF BANKING DISCIPLINE: WHERE DO WE START AND HOW DO WE REALIZE THE DREAM?
  • REVIEW QUESTIONS
  • NOTES
  • CHAPTER 8 The Conventional Riba-Based Banking System
  • THE BANKING SYSTEM OF THE UNITED STATES
  • TYPES OF BANKING SERVICES IN THE UNITED STATES
  • National Banks
  • State Banks
  • Credit Unions
  • Investment Banks
  • Licensing a Commercial Bank in the United States
  • GOVERNMENT SUPERVISION OF THE BANK
  • The Office of the Comptroller of the Currency
  • The OCC's Objectives
  • OCC Funding
  • Insurance of Bank Deposits by the Federal Deposit Insurance Corporation (FDIC)
  • U.S. BANKING REGULATIONS
  • Consumer Compliance Management
  • Board of Directors and Management Supervision and Administration
  • Compliance Program
  • Compliance Committee
  • Duties, Responsibilities, Authorities, and Accountability of the Compliance Committee
  • Internal Controls
  • Organizational Structure
  • Policies and Procedures
  • Training
  • Compliance Audit Function
  • SUMMARY OF FEDERAL BANKING REGULATIONS IN THE UNITED STATES
  • Regulation B: Equal Credit Opportunity
  • Fair Lending Policy
  • General Policy Statement
  • Advertising
  • Applications and Information Gathering
  • Application Processing and Evaluation and Loan Application Second Review Process
  • Credit Extension
  • Notification
  • Record Retention
  • Government Monitoring Program
  • Fair Lending Training
  • Regulation C: Home Mortgage Disclosure Act (HMDA)
  • Purpose of the Act
  • Reporting Requirements
  • Denial Reasons and Other Data
  • Disclosure
  • Training and Oversight Responsibilities
  • Regulation Q: Prohibition against Payment of Interest on Certain Deposit Account Types.
  • Regulation D: Reserve Requirements for Depository Institutions (Banks)
  • Regulation O: Loans to Bank Insiders
  • Regulations P and S
  • Regulation Z: Truth in Lending Act (TILA)
  • Regulation BB: Community Reinvestment Act (CRA)
  • Regulation DD: Truth in Savings Act
  • Fair Credit Reporting Act
  • Anti-Money Laundering (AML) Program
  • Bank Examination for Safety and Soundness by Bank Regulators
  • Bankruptcy Laws
  • REVIEW QUESTIONS
  • NOTES
  • CHAPTER 9 Comparing RF Banking and Conventional Riba-Based Banking: What Is the Difference?
  • THE RF BANKING BRAND: HISTORY, DEVELOPMENT, AND STAGES OF GROWTH
  • AN OVERVIEW OF RF BANKING
  • Misnomers in RF Banking
  • What Is RF (Islamic) Banking?
  • What Is the Difference between Riba-Based Conventional Banking and RF (Islamic) Banking?
  • REVIEW QUESTIONS
  • NOTES
  • CHAPTER 10 RF (Islamic) Banking in the Twentieth Century
  • RF (ISLAMIC) BANKING MODELS
  • The Cost-Plus (Murabaha) Model
  • Financial Engineering and the Law (Shari'aa)
  • The Lease-to-Own Models (Al-Ijarah Wal Iqtina or Al-Ijarah Wal Tamaluk)
  • The Al-Baraka Shari'aa-Compliant Model
  • The South Asian Diminishing Musharaka Shari'aa-Compliant Model
  • Application of the South Asian Shari'aa-Compliant Model
  • COURT CHALLENGES TO THE SHARI'AA-COMPLIANT "CONTRACT FITTING" USED BY SOME ISLAMIC FINANCE APPROACHES
  • Cases Litigated in the U.K. Courts
  • Resolutions Taken by "Islamic" Banks to Avoid Lengthy Trials
  • CONCLUSION
  • REVIEW QUESTIONS
  • NOTES
  • CHAPTER 11 RF Banking Model for the Twenty-First Century: The LARIBA RF Model: Developing the Shari'aa-Based Finance Model
  • THE PUZZLE AND THE CHALLENGE OF DEVELOPING RF BANKING AND FINANCING
  • Legal and Financial Categories
  • Participants in the Development of Modern RF Banking
  • Muslim Puritans
  • Monetarists
  • Religious Leaders.
  • Academics and University Professors of Economics and Finance.

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