This chapter lays out the core principles, norms and values underlying Islamic business administration. It explains the role of business and resources used for it; describes the business environment, key stakeholders, and major types of decision making; elucidates the core beliefs and values of...

An essential condition in the orthodox definition of riba is stipulated excess in a loan or debt. This essential condition is traced to al-Jassas. Understanding this issue of stipulated excess is critical to understanding riba. In this paper the stipulated excess in connection with al-Jassas as...

Sukuk restructuring primarily aims at offering a debtor more latitude, in form and time, to settle his obligations. To meet Shari'ah requirements of transferring assets to Sukuk holders in asset-based Sukuk, the originator usually transfers the beneficial ownership to the issuer special purpose...

The proponents of Islamic finance argue that unlike conventional finance it emphasizes the real economy. Such emphasis should be reflected in the sectoral distribution in an economy. In this paper, in light of a conceptualization of the real economy, the sectoral distribution of financial...

Prohibition of riba (as part of the Riba-Interest equation) is one of the key dimensions of Islamic economics and finance. While it is recognized that riba is a form of unjust and unearned income or gain, the focus on riba is too narrow to capture the wider implications of unearned income or...

Among all topics discussed during the International Conference on Multidimensional Finance, Insurance and Investment (ICMFII' 2013) held at the College of Business Administration of University of Bahrain from 23 to 25 November 2013, Islamic finance generated a lot of interest from conference...

How is Islamic wealth management (IWM) distinguished from conventional wealth management? In this paper it is argued that the level of concentration of wealth at both national and international level is related to the conventional wealth management, where the latter can be viewed having a...

As part of Islamic finance going Main Street, Dow Jones introduced a number of Islamic indices in 1999. Many studies are now available that explores various aspects of these indices. One area that has not received much attention is applying technical analysis to these indices and exploring if...

Riba-Interest equation, where riba is blanketly equated with interest, is a major issue in Islamic economics and finance. To justify this equation, hadiths or prophetic narrations as one of the primary sources are invoked. Farooq wrote a paper "Riba, Interest and Six Hadiths: Do We Have a...

Insolvency and Debt Restructuring have become important issues in Islamic Finance. Harvard-LSE Annual Workshop in 2013 invited analytical comments on the theme of its workshop on Insolvency and Debt Restructuring in Islamic Finance. These comments from various expert participants were invited by...