The Islamic Banking and Finance Workbook: Step-by-Step Exercises to help you Master the Fundamentals of Islamic Banking and Finance

About the Author.

1 What Do You Know About Islam?

1.1 Learning Outcomes, Summary Overview and Problems.

1.1.1 Learning Outcomes.

1.1.2 Summary Overview.

1.2 Questions.

1.3 Answers.

2 Sources of Sharia'a Law and the Role of Sharia'a Boards.

2.1 Learning Outcomes, Summary Overview and Problems.

2.1.1 Learning Outcomes.

2.1.2 Summary Overview.

2.1.3 Sharia'a Supervisory Board.

2.2 Questions.

2.2.1 General.

2.2.2 Responsibilities of the Parties to the Sharia'a Contracts.

2.2.3 Islamic Finance Terminology Quiz.

2.3 Answers.

2.3.1 General.

2.3.2 Responsibilities of the Parties to the Sharia'a Contracts.

2.3.3 Islamic Finance Terminology Quiz.

3 Principles of Islamic Banking and Finance.

3.1 Learning Outcomes, Summary Overview and Problems.

3.1.1 Learning Outcomes.

3.1.2 Summary Overview.

3.1.3 History of Islamic Banking.

3.1.4 Islamic Banking Principles.

3.2 Questions.

3.2.1 General.

3.2.2 Islamic Banking Principles.

3.3 Answers.

3.3.1 General.

4 The Murabaha Contract as a Mode of Islamic Finance.

4.1 Learning Outcomes, Summary Overview and Problems.

4.1.1 Learning Outcomes.

4.1.2 Summary Overview.

4.2 Questions.

4.2.1 What are the Features of the Murabaha Contract?

4.2.2 The Murabaha Contract.

4.2.3 Risks with the Murabaha Contract.

4.3 Answers.

4.3.1 What are the Features of the Murabaha Contract?

4.3.2 The Murabaha Contract.

4.3.3 Risks with the Murabaha Contract.

5 The Mudaraba Contract as a Mode of Islamic Finance.

5.1 Learning Outcomes, Summary Overview and Problems.

5.1.1 Learning Outcomes.

5.1.2 Summary Overview.

5.2 Questions.

5.2.1 What are the Features of the Mudaraba Contract?

5.2.2 The Mudaraba Contract.

5.2.3 Musharaka versus the Mudaraba Contract.

5.2.4 Risks with the Mudaraba Contract.

5.3 Answers.

5.3.1 What are the Features of the Mudaraba Contract?

5.3.2 The Mudaraba Contract.

5.3.3 Musharaka versus the Mudaraba Contract.

5.3.4 Risks with the Mudaraba Contract.

6 The Musharaka Contract as a Mode of Islamic Finance.

6.1 Learning Outcomes, Summary Overview and Problems.

6.1.1 Learning Outcomes.

6.1.2 Summary Overview.

6.1.3 Criticism of Musharaka.

6.2 Questions.

6.2.1 What are the Features of the Musharaka Contract?

6.2.2 The Musharaka Contract.

6.2.3 Risks with the Musharaka Contract.

6.3 Answers.

6.3.1 What are the Features of the Musharaka Contract?

6.3.2 The Musharaka Contract.

6.3.3 Risks with the Musharaka Contract.

7 The Ijara Contract as a Mode of Islamic Finance.

7.1 Learning Outcomes, Summary Overview and Problems.

7.1.1 Learning Outcomes.

7.1.2 Summary Overview.

7.2 Questions.

7.2.1 What are the Features of the Ijara Contract?

7.2.2 The Ijara Contract.

7.2.3 The Ijara wa Iqtina Contract.

7.2.4 The Ijara Contract in more detail.

7.2.5 Risks with the Ijara Contract.

7.3 Answers.

7.3.1 What are the Features of the Ijara Contract?

7.3.2 The Ijara Contract.

7.3.3 The Ijara Wa Iqtina Contract.

7.3.4 The Ijara Contract in more detail.

7.3.5 Risks with the Ijara Contract.

8 The Istisna'a Contract as a Mode of Islamic Finance.

8.1 Learning Outcomes, Summary Overview and Problems.

8.1.1 Learning Outcomes.

8.1.2 Summary Overview.

8.2 Questions.

8.2.1 What are the Features of the Istisna'a Contract?

8.2.2 The Istisna'a Contract.

8.2.3 Istisna'a and Salam Contracts.

8.2.4 Risks with the Istisna'a Contract.

8.3 Answers.

8.3.1 What are the Features of the Istisna'a Contract?

8.3.2 The Istisna'a Contract.

8.3.3 Istisna'a and Salam Contracts.

8.3.4 Risks with the Istisna'a Contract.

9 The Salam Contract as a Mode of Islamic Finance.

9.1 Learning Outcomes, Summary Overview and Problems.

9.1.1 Learning Outcomes.

9.1.2 Summary Overview.

9.2 Questions.

9.2.1 What are the Features of the Salam Contract.

9.2.2 The Salam Contract.

9.2.3 Istisna’a and Salam Contracts.

9.2.4 Risks with the Salam Contract.

9.3 Answers.

9.3.1 What are the Features of the Salam Contract.

9.3.2 The Salam Contract.

9.3.3 Istisna’a and Salam Contracts.

9.3.4 Risks with the Salam Contract.

10 Takaful: Islamic Insurance.

10.1 Learning Outcomes, Summary Overview and Problems.

10.1.1 Learning Outcomes.

10.1.2 Summary Overview.

10.1.3 Takaful Products are Based on Three Main Business Models.

10.2 Questions.

10.2.1 Takaful Terminology and Concepts.

10.2.2 Takaful Principles.

10.3 Answers.

10.3.1 Takaful Terminology and Concepts.

10.3.2 Takaful Principles.

Glossary.

Bibliography.

Index.