Includes bibliographical references and index.

I. Best practice - Instruments. Viewpoint: Shariah law - bringing a new ethical dimension to banking / Amjid Ali --- Islamic modes of finance and the role of Sukuk / Abdel-Rahman Yousri Ahmad --- Introduction to Islamic financial risk management products / Qudeer Latif and Susi Crawford --- Islamic insurance markets and the structure of Takaful / Suzanne White --- Identifying the main regulatory challenges for Islamic finance / Bilal Rasul --- Risk management of Islamic finance instruments / Andreas Jobst --- Sukuk issuance and issues in purchase undertakings / Barry Cosgrave --- Auditing Islamic financial institutions / Roszaini Haniffa --- Islamic finance litigation / Kilian Balz ---- II. Best practice - Markets. Islamic capital markets: the role of Sukuk / Rodney Wilson --- Capital adequacy requirements for Islamic financial institutions: key issues / Edib Smolo and M. Kabir Hassan --- The international role of Islamic finance / Andreas Jobst --- Investment risk in Islamic finance / Kamal Abdelkarim Hassan and Hassan Ahmed Yusuf --- Middle east and north Africa region: financial sector and integration / Samy Ben Naceur and Chiraz Labidi --- Managing Shariah-compliant portfolios: the challenges, the process, and the opportunities / John A. Sandwick --- Small and medium-sized enterprises and risk in the Gulf Cooperation Council countries: managing risk and boosting profit / Omar Fisher --- Bankruptcy resolution and investor protection in Sukuk markets / Kamal Abdelkarim Hassan and Muhammad Kholid --- Procedures for reporting financial risk in Islamic finance / Daud Vicary Abdullah and Ramesh Pillai --- The emergence and development of Islamic banking / Umar Oseni and M. Kabir Hassan --- Islamic finance and the global financial crisis / Bilal Rasul ---- III. Checklists - Instruments. Alternatives to Riba in Islamic finance -- Key Islamic banking instruments and how they work -- Key principles of Islamic finance -- Murabahah sale instruments and their applications -- An overview of Shariah-compliant funds -- Possibilities for Shariah-compliant derivatives -- The role of the Shariah advisory board in Islamic finance -- Sukuk: Islamic bonds -- Takaful insurance ---- IV. Checklists -- Markets. Business ethics in Islamic finance -- Islamic commercial law -- Islamic equity funds -- Islamic joint ventures -- Islamic law of contracts -- Islamic microfinance -- managing risk in Islamic finance -- Regulatory and capital issues under Shariah Law ---- V. Country profiles. Shariah Law: an international perspective -- Algeria -- Bahrain -- Bangladesh -- Brunei -- Egypt -- Indonesia -- Iran -- Iraq -- Israel and the Palestinian territories -- Jordan -- Kuwait -- Lebanon -- Libya -- Malaysia -- Morocco -- Pakistan -- Qatar -- Saudi Arabia -- Syria -- United Arab Emirates.

"This new book looks at the application of Sharia law to the world of banking and finance. It provides you with an understanding of the rationale behind the instruments and the rapidly developing Islamic financial markets. Coverage includes in-depth analysis of the financial instruments within the Sharia framework and how they are applied in various sectors including insurance, investment and capital markets. Regulatory issues are also discussed both from the role of the Sharia board to reporting financial risk to legal bodies. It addresses issues such as bringing a New Ethical Dimension to Banking through to The International Role of Islamic Finance and provides you with a range of checklists from Business Ethics in Islamic Finance to The Role of the Shariah Advisory Board in Islamic Finance and Regulatory and Capital Issues under Shariah Law." -- Publisher description.