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A Brief Review & Introduction to Practiced Islamic Banking & Finance

Salman Ahmed Shaikh

Islamic Economics Project

January 14, 2010

This paper looks at the practiced Islamic finance and alternatives it offers for corporate finance managers in sourcing funds i.e. i) Ijara ii) Murabaha iii) equity modes like Musharakah and Mudarabah iv) Diminishing Musharakah, v) Salam and vi) Istisna. It also looks at alternatives for sourcing funds from savers to provide financing thereof by financialintermediaries i.e. i) Qard-e-Hasan ii) Musharakah and iii) Mudarabah. The paper also gives a brief account of literature on Islamic corporate finance, interest free finance, alternatives suggested in the past and their pros and cons, role of central bank in Islamic finance and alternatives for OMO, Interbank lending and money market in Islamic finance.

Number of Pages in PDF File: 14

Keywords: Islamic corporate finance, pricing of capital, interest free finance, Interest, Interest free economy, Usury, Time value of money, Riba, Musharakah, Mudarabah, Ijara, Salam, Istisna, Qard-e-Hasan, Diminishing Musharakah

JEL Classification: G21, G30, G10

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Date posted: January 17, 2010  

Suggested Citation

Shaikh, Salman Ahmed, A Brief Review & Introduction to Practiced Islamic Banking & Finance (January 14, 2010). Available at SSRN: http://ssrn.com/abstract=1536943 or http://dx.doi.org/10.2139/ssrn.1536943

Contact Information

Salman Ahmed Shaikh (Contact Author)
Islamic Economics Project ( email )
HOME PAGE: http://www.islamiceconomics.net
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