Islamic banking: distribution of profit (case study, Sudan) (Ph.D. Thesis)

This thesis discusses the Islamic concept of profit within the context of interest or riba. The objective of the writer is to show how these institutions work and show the instruments they use to substitute for interest to induce deposits. Methodologies to determine the structure of depositors' share in investments and profit are detailed. Such methodologies utilized in several Islamic banks in the Sudan are offered as examples together with comparisons to other means by which profit is distributed. Historical background regarding how certain Islamic banks came into existence is presented and models of investment used in these banks are also outlined. The difference between Islamic and conventional banks is shown and other problems associated with profit-sharing techniques are also assessed, classified, and discussed. Limited mudaraba, using different periods and values for mudaraba certificates is discussed at length. Credit financing models presently used by Islamic banks shou