Islamic Finance

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This article highlights a case study in management of an Islamic bank looking to regain a stronghold in market control in the Middle East. The steps employed in the process involved assessing the current position of the bank, along with establishing the customer demands to be met, followed by product development.

The preferred method of Islamic finance is leasing, as it is directly related to asset ownership. Leasing is particularly attractive given the security over assets offerred, the ability to invest in long-term assets, and the flexibility allowed for in structuring leases. Islamic leases present an opportunity to reach out to what is a largely unexplored investor base. The share of Islamic leases compared to overall investments is relatively small.

This article outlines the history of Islamic finance in Pakistan, with an emphasis on the use of mudarabas , originating in 1985. Reforms in the tax structure need to be carried out in order to further develop the Islamic finance sector.

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Theoretically speaking, Islamic banks have an equity-based capital structure. This structure largely consists of shareholders' equity and investment deposits based on profit and loss sharing (PLS).

This article provides background on the development of Islamic finance, particularly that of the Islamic capital market in Malaysia since 1990. The guidelines employed by the Securities Commission's Shari`a Advisory_x000D_ Council for evaluating securities and industries are discussed. The Islamic finance industry has expanded significantly in recent years. In order to continue such growth, innovation and the ability to adapt to changes are necessary.

This article provides an extensive glossary of Arabic terms pertaining to Islamic banking and other economic activities.