An Introduction to Islamic Finance

Glossary ix CHAPTER 1 Introduction 1 CHAPTER 2 The Economic System 29 CHAPTER 3 Riba vs. Rate of Return 57 CHAPTER 4 Financial Instruments 75 CHAPTER 5 Risk Sharing as an Alternative to Debt 99 CHAPTER 6 The Islamic Financial System 113 CHAPTER 7 The Stability of the Islamic Financial System 137 CHAPTER 8 Islamic Financial Intermediation and Banking 151 CHAPTER 9 Capital Markets 173 CHAPTER 10 Non-bank Financial Intermediation 207 CHAPTER 11 Performance of Islamic Financial Services 225 CHAPTER 12 Financial Engineering 245 CHAPTER 13 Risk Management 275 CHAPTER 14 Regulation of Islamic Financial Institutions 299 CHAPTER 15 Corporate Governance 323 CHAPTER 16 Globalization and its Challenges 351 CHAPTER 17…