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008 100614t2010 njua f b 001 0 eng d
020 _a9780470449936 (hardback)
020 _a0470449934 (hardback)
039 9 _a201107140007
_bVLOAD
_c201101071515
_dfauzi
_y201006141049
_zsafura
040 _aUMP
090 _aHG3368.A6 A23 2010
100 1 _aAbdul-Rahman, Yahia
245 1 4 _aThe art of Islamic banking and finance :
_btools and techniques for community-based banking /
_cYahia Abdul-Rahman
260 _aHoboken, N.J. :
_bWiley,
_cc2010
300 _axxxv, 396 p. :
_bill. ;
_c24 cm.
490 1 _aThe Wiley finance series
504 _aIncludes bibliographical references and index
520 _a"A detailed look at the fast-growing field of Islamic banking and finance The Art of Islamic Banking and Finance is a modern American take on what it means to incorporate Islamic finance principles into everyday banking and investment techniques by introducing a new brand of banking for all people of all faiths: The Riba-Free (RF) banking. The author is considered the father of RF (Islamic) banking in America. He has been a banker and an Imam/scholar for over 40 years in America since 1968. He started the tedious process with a finance company, LARIBA, in Pasadena, California in 1987. This is the first book ever in the field to trace the origins of prohibiting the renting of money at a price called interest rate and over-indulging in debt. The book reviews in great details the theological foundations of prohibiting interest in the Jewish Bible, the Christian Bible, and the Qur’aan. The author then discusses money and how fiat money is created, the role of the Federal Reserve, and the banking system in America. The book also discusses for the first time ever how to include an important aspect of RF (Islamic) finance using commodity indexation and marking the items to be financed to market in order to avoid participating in economic "bubbles." The author discusses how these rules work, how they affect consumer behavior, and how they change the role of the banker/financier. Covers a new pioneering model that is based on the Law (Shari’aa) and how it is applied in every transaction from joint ventures and portfolio management to home mortgages and personal financing. Shows how to incorporate the Law (Shari’aa) into American financing and banking systems. Points to RF (Islamic) finance and banking as a way to emphasize socially responsible investing The Art of Islamic Banking and Finance also includes a discussion on the emergence of a culture of RF (Islamic) banking and finance today, which is based on the real Judeo-Christian-Islamic spirit and very effective when compared to twentieth-century models that use financial engineering and structuring techniques to circumvent the Law (Shari’aa). The book also includes case studies based on the actual experience of the author and detailed analysis of the superior results realized by applying this new brand of banking to financing"--Provided by publisher
650 0 _aBanks and banking
_zIslamic countries
650 0 _aBanks and banking
_xReligious aspects
_xIslam
650 0 _aFinance
_zIslamic countries
650 0 _aFinance
_xReligious aspects
_xIslam
830 0 _aWiley finance series
999 _aVIRTUA40
_c58735
_d58741
999 _aVTLSSORT0080*0200*0201*0400*0900*1000*2450*2600*3000*4900*5040*5200*6500*6501*6502*6503*8300*9991