This book published by Center for Middle Eastern Studies, Harvard University, is the proceedings of the Second Harvard University Forum on Islamic Finance, October 1998. After the preface by Thomas D. Mullins and foreword by Samuel L. Hayes III, the book chapters are divided into four parts as:
Part I: Islamic Economics
Introduction / Mahmoud El-Gamal
Capital Budgeting and Project Financing In Equity-based Economies / Abdul Aziz and Mahmud Rahman
Monetary Policy and Economic Growth: An Islamic Perspective / Abdel-Hameed M. Bashir
Islam and Economic Development: A Discussion within the Framework of Ibn Khaldun’s Philosophy of History / M. Umer Chapra
Resource Mobilization and Development Goals for Islamic Banks / Masudul Alam Choudhury
Size, Profitability, and Agency in Profit- and Loss-sharting in Islamic Banking and Finance / Humayon A. Dar, David I. Harvey, and John R. Presley
The Survival of Islamic Banking: A Micro-evolutionary Perspective / Mahmoud A. El-Gamal
The Institution of Zakat and Its Economic Impact on Society / Marghoob A. Quraishi
A Short Outline of the Foundations of Islamic Economics / Usamah Uthman
Part II: The Shari’a
Introduction / Yusuf Talal DeLorenzo
Linking Ethics and Economics: The Role of Ijtihad in the Regulation and Correction of Capital Markets / Taha J. al-Alwani and Waleed El-Ansary
Shari’ah Precautionary Procedures in Murabaha and Istisna’: A Practical Perspective / Abdul-Rahman Abdullah bin Aqeel
Islamic Tradable Instruments: Basic Building Blocks / Gohar Bilal
Murabaha, Sales of Trust, and the Money-value of Time / Yusuf Talal DeLorenzo
Some Recurring Shari’ah Violations in Islamic Investment Agreements Used by International Banking Institutions / M. A. Elgari
Practical Legal and Tax Issues in Islamic Finance and Investment in the United States / Isam Salah and W. Donald Knight, Jr.
Islamic Finance in View of the Shari’ah / Nizam Yaquby
Part III: Islamic Finance
Introduction / Muhammed-Shahid Ebrahim
Islamic Finance: Opportunities and Challenges in a New Global Environment / Shaukat Aziz
Islamic Project Finance: Problems and Promises / Don Babai
Islamic Finance and Investment- A New Era / Adnan A. Al Bahar
Integrating Islamic and Conventional Project Finance / Muhammed-Shahid Ebrahim
Islamic Banking- Issues in Prudential Regulations and Supervision / Luca Errico and Mitra Farahbaksh
Islamic Finance in Malaysia: A Tax Perspective / Walid Hegazy
Islamic Finance- Evolution and Challenges / Iqbal Ahmad Khan
Financial Engineering in Islamic Finance / Zamir Iqbal
Accounting and Auditing Standards for Islamic Financial Institutions / Rifaat Ahmed Abdel-Karim
Challenges Facing Islamic Banking in the 21st Century / Fuad Abdullah Al-Omar and Munawar Iqbal
The Realities and Challenges Facing Islamic Equity Funds: Islamic Bankers Are Missing the Point / Tariq Al-Rifai
Part IV: Commerical Products, Business Models, and Other
Introduction / Gohar Bilal
Islamic Finance Information Superhighway / Taha Abdul-Basser
Strategic Alliances in Islamic Banking / Basil Al-Ghalayini
New Frontiers of Islamic Banking in the 21st Century with Special Reference to Informal and Voluntary Sector Banking / M. A. Mannan
Key Concepts of Islamic Finance: Their Relevance to Consumer Finance Products / Pervez Nasim
LARIBA (Islamic) Mortgage Financing in the United States: Providing an Alternative to Traditional Mortgages / Yahia K. Abdul-Rahman and Abdullah S. Tug
The Hedge Fund: An Ideal Investment Vehicle for Muslim Investors / Arif Kamal Siddiqui