Thesis

This work compares conventional and profit-sharing banking methods under three criteria: the degree of risk, the amount of collateral required by conventional banks to guarantee deposits, and the advantages accrued to a banking system that deals primarily with consumer (as opposed to income earning) clients. The thesis discusses the strategic advantage an Islamic bank has in this context, mostly due to the effect of Islamic laws and practices on the

Sudan is the focal point of this study which investigates the role of Islamic banks in economic and social development through theoretical analysis and empirical research. In Sudan, reliance on agricultural and small business allows the Sudanese Islamic banks to establish special services to develop these sectors. The Faisal Islamic Bank of Sudan is used as a case in point. The thesis seeks to provide a better understanding of ways in which Islamic banks can increase their effectiveness by providing guidelines on the various issues and how best to respond to them.

The thesis sets up a basic model of what an Islamic bank might want to keep in mind while it assembles and maintains its financial portfolio, although one negative aspect of the model is that it tends to retard portfolio diversification. Banks may concurrently achieve the most desirable profit-sharing ratios and portfolio proportions if they consider certain guidelines and formulas.

This thesis examines aspects of the law of sales and establishes basic rules for them, and aims to produce useful knowledge about how medieval jurists approached this subject matter. Certain transactions containing elements of risk, ignorance, uncertainty and ill-will in their structure were forbidden by the

The study provides insight into the financial and economic system of Jordan. Because Islamic banking is well-established in Jordan, the author decided that it was an excellent location for the study. Reference is made to Jordan Islamic Bank, which was classified in 1987 as the third largest Islamic bank in the world. Jordan was the place where the first collapse of an Islamic financial institution occurred. The rise of the Islamic Investment House and the factors that led to its breakdown are a major concern of this study.

The work is an examination of Islamic banking and the role of interest in Muslim society.

Religious or shari`a control in Islamic banks is examined. Shari`a control committees and the their effects on the behavior of clients, shareholders, investors, etc. are considered. A survey questionnaire and interviews related to practices and profiles of institutions and clients is the core of the research effort.

The author attempts to establish microeconomic foundations for an Islamic economic system which replaces the institution of interest with profit and loss sharing schemes endemic to Islamic law. Two models were constructed to analyze saving and investment patterns in an Islamic economic system. The first model is constructed in a deterministic framework and the second in an element of uncertainty.

This thesis explores the history of the legal and administrative development in the Arab Gulf states and the U.A.E.; the history, growth, and development of banking in the U.A.E. and an examination of the legal practice adapted by the Federal and local courts in the U.A.E.; comparative laws and practices of neighboring Arab states and the commercial law and the problems of loans, banking facilities and interest, plus legal dilemma caused by the interest in banking disputes; letters of guarantees in light of the current practice in U.A.E.