Jurisprudence and arbitrage -- Two major prohibitions : Riba and Gharar -- Sale-based Islamic finance -- Derivative-like sales : salam, istisna', and 'urbun -- Leasing, securitization, and Sukuk -- Partnerships and equity investment -- Islamic financial institutions -- Governance and regulatory solutions in mutuality -- Beyond Shari'a arbitrage
Summary
Provides an overview of the practice of Islamic finance and the historical roots that define its modes of operation. The focus of the book is analytical and forward-looking. It shows that Islamic finance exists mainly as a form of rent-seeking legal-arbitrage
Bibliography
Includes bibliographical references (pages 213-218) and index
