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1 Bibliography AAOIFI Financial accounting standard 9. Manama, Bahrain: Accounting and Auditing Organization for Islamic Financial Institutions. AAOIFI Accounting, auditing and governance standards for Islamic financial institutions. Manama, Bahrain: Accounting and Auditing Organization for Islamic Financial Institutions. AAOIFI Governance standards: Shari a supervisory board: Appointment, composition and report. Manama, Bahrain. Accounting and Auditing Organization for Islamic Financial Institutions. Abderrezak, Farid The performance of Islamic equity funds: A comparison to conventional, Islamic and ethical benchmarks. MA dissertation. University of Maastricht, Abdul- Rahman, Yahia The art of Islamic banking and finance. Hoboken, NJ: John Wiley & Sons. Abu Bakar, Nur Barizah and Abdul Rahim A. Rahman A comparative study of zakah and modern taxation. Journal of King Abdulaziz University: Islamic Economics 20 (1): Abu Ghuddah, A.S. n.d. Practical application of al- ijara al- mawsufa fil dhimma (forward ijara). Presented at Al- Baraka 30th Symposium for Islamic Economics, Abu Ghuddah, A.S. n.d.-a. Ijara (leasing). Al- Baraka Group, Department of Research and Development, Research- Studies/RSIJ EN.pdf. Abu Saud, M The exploitation of land and the Islamic law. Islamic Review 40: Abu Saud, Mahmoud Contemporary zakah. Cincinnati, OH: Zakat and Research Foundation. Abu Ubaid, al- Qasim bin Sallam Kitab al- amwal [Book on finance]. Urdu. Trans. A.R. Surti. Islamabad: Islamic Research Institute. Abu Yusuf, Imam Islam ka nizam e mahasil [Taxation system of Islam]. Urdu. Trans. M.N. Siddiqi. Karachi: Maktaba Chiragh e Rah. Addas, Waleed A.J Methodology of economics: Secular vs. Islamic. 451

2 452 What is wrong with Islamic economics? Kuala Lumpur: International Islamic University Malaysia Press. Online at muenchen.de/8264/, MPRA Paper no. 8264, posted 5 May 2008, 14:43. Adnan, M. Akhyar and Muhamad Agency problems in mudaraba financing: The case of sharia (rural) banks, Indonesia. IIUM Journal of Economics and Management 15 (2): Aggarwal, Rajesh and Tarik Yousef Islamic banks and investment financing, Agha, Oliver Is Islamic finance a failure? An assessment, future- idusl5e8c R0FV Aghnides, Nicholas Muhammadan theories of finance. Lahore: Premier Book House. Ahmad, A.R. Yusri Methodological approach to Islamic economics: Its philosophy, theoretical contribution and applicability. In Theoretical foundations of Islamic economics, ed. Habib Ahmed, pp Jeddah: Islamic Research and Training Institute, Islamic Development Bank. Ahmad, A.R. Yusri Tawarruq, its concepts, its practices, and its economic implications on its promotion by Islamic banks. Kuala Lumpur: International Shari ah Research Academy, islamic- banking/tawarruq.html. Ahmad, Abu Umar Faruq and M. Kabir Hassan The time value of money concept in Islamic finance. American Journal of Islamic Social Sciences 23 (1): Ahmad, Khurshid Economic development in Islamic economic framework: Some notes on the outlines of a strategy. In Studies in Islamic economics, ed. Khurshid Ahmad, pp Leicester: Islamic Foundation. Ahmad, Khurshid Capitalism, socialism, the welfare state, and Islam. IDB/IRTI lecture. Jeddah: Islamic Research and Training Institute, Islamic Development Bank. Ahmad, Manzur Credit cards ki shari i hathiyat [Legal position of credit cards]. Urdu. Fikro Nazar (Islamabad) 45 (4) (April June): Ahmad, Sheikh Mahmud Economics of Islam, 2nd edn. Lahore: Sh. M. Ashraf. Ahmad, Sheikh Mahmud Towards interest- free banking. Lahore: Institute of Islamic Culture. Ahmad, Syed Reflection on the concept and law of riba. In Outlines of Islamic economics, pp Indianapolis, IN: Association of Muslim Social Scientists.

3 Bibliography 453 Ahmad, Ziauddin Public finance in Islam. Working paper WP/89/68, 6 September. Washington, DC: International Monetary Fund. Ahmed, Habib, ed Theoretical foundations of Islamic economics. Jeddah: Islamic Research and Training Institute, Islamic Development Bank. Ahmed, Habib a. Analytical tools of Islamic economics: A modified marginalist approach. In Theoretical foundations of Islamic economics, ed. Habib Ahmed, pp Jeddah: Islamic Research and Training Institute, Islamic Development Bank. Ahmed, Habib Islamic law, adaptability and financial development. Islamic Economic Studies 13 (2) (February): Ahmed, Habib Zakah, macroeconomic policies and poverty alleviation: Lessons from simulations on Bangladesh. Thoughts on Economics 18 (3) (July): Ahmed, Habib Financial crisis: Risks and lessons for Islamic finance. ISRA International Journal of Islamic Finance 1 (1): Ahmed, Habib Product development in Islamic banks. Edinburgh: Edinburgh University Press. Ahmed, Wahabalbari Amir The concept of scarcity and its implication on human behavior: Searching the Qur anic perspective. Review of Islamic Economics 14 (1): Akhtar, Muhammad Ramzan. n.d. Definition, nature, and scope of Islamic economics. Journal of Islamic Banking and Finance (online), Akhtar, Muhammad Ramzan Modeling the economic growth of an Islamic economy. American Journal of Islamic Social Sciences 10 (4) (Winter): Akhtar, Waheed, Nadeem Akhtar and Khurram Ali Jaffri Islamic microfinance and poverty alleviation: A case of Pakistan. Proceedings of 2nd CBRC Lahore, 14 November, abrc/proceedings/all%20papers/islamic%20micro- finance%20 and%20poverty%20alleviation%20a%20case%20of%20pakistan%20 (dr%20waheed).pdf. Akkizidis, Ioannis and Sunil Kumar Khandelwal Financial risk management for Islamic banking and finance. Houndmills, Basingstoke: Palgrave Macmillan. Akoob, Mahomed Reinsurance and re- takaful. In Takaful Islamic insurance: Concepts and regulatory issues, ed. Simon Archer, Rifaat Ahmed Abdel Karim and Volker Nienhaus, pp Singapore: John Wiley (Asia). Al- Amine, M.B. Muhammad Sukuk market: Innovations and challenges. Islamic Economic Studies 15 (2): 1 22.

4 454 What is wrong with Islamic economics? Al- Asaad, M Village funds: The experience of rural community development at Jabal al Hoss, Syria. Paper presented at the First International Conference on Inclusive Islamic Financial Sector Development: Enhancing Islamic Financial Services for Micro and Medium Sized Enterprises, April 2007, Brunei. In Islamic finance for micro and medium enterprises, ed. Mohammed Obaidullah and Hajah Salma Haji Abdul Latiff, pp Jeddah: Islamic Research and Training Institute, Islamic Development Bank. Al- Dhareer, S.M. al- Ameen Al- Gharar in contracts and its effects on contemporary transactions. Jeddah: Islamic Research and Training Institute, Islamic Development Bank. Al- Haddad, A.A. Aziz. n.d. Tawarruq, its essence and its types: Mainstream tawarruq and organized tawarruq. Trans. and ed. Khalil Mohammed Khalil and Mohammad Ashadi Mohd Zaini. Kuala Lumpur: International Shari ah Research Academy, islamic- banking/tawarruq.html. Al- Jarhi, Mabid A Transactions in conventional and Islamic economics. In Theoretical foundations of Islamic economics, ed. Habib Ahmed. Jeddah: Islamic Research and Training Institute, Islamic Development Bank. Al- Jarhi, Mabid A. and Munawar Iqbal, eds Islamic banking: Answers to some frequently asked questions. IDB Occasional Paper 4. Jeddah: Islamic Research and Training Institute, Islamic Development Bank. Al- Jarhi, Mabid Ali and Muhammad Anas Zarqa Redistributive justice in a developed economy: An Islamic perspective. In Advances in Islamic economics and finance: Proceedings of 6th International Conference on Islamic Economics and Finance, Vol. 1, ed. Munawar Iqbal, Salman Syed Ali and Dadang Muljawan, pp Jeddah: Islamic Research and Training Institute, Islamic Development Bank. al- Kassim, Faisal A Profitability of Islamic and conventional banking in GCC countries: A comparative study, failaka. com/ research/php. al- Masri, Rafic Yunus Are all forms of interest prohibited? Journal of King Abdulaziz University: Islamic Economics 17 (1): al- Masri, Rafic Yunus Renting an item to who sold it: Is it different from bay al- wafa contract? Journal of King Abdulaziz University: Islamic Economics 19 (2): al- Qardawi, Yusuf Fiqh al- zakah: A comparative study of zakah regulations and philosophy in the light of Qur an and Sunnah, Vols 1 and 2. Trans. Monzer Kahf. Jeddah: Scientific Publishing Centre, King Abdulaziz University.

5 Bibliography 455 al- Sadr, S.M. Baqir Iqtisaduna [Our economics]. Urdu. Trans. Zeshan Haider. Lahore: Maktaba Ta mir e Adab. Al- Suwailem, Sami. 1999, Towards an objective measure of gharar in exchange. Islamic Economic Studies 7 (1 2) (October, April): Al- Suwailem, Sami Hedging in Islamic finance. Jeddah: Islamic Research and Training Institute, Islamic Development Bank. Al- Suwailem, Sami Tawarruq banking products. Presented at the 19th Seminar of the OIC International Fiqh Academy, Sharjah, UAE, April. Kuala Lumpur: International Shari ah Research Academy, banking/tawarruq.html. al- Zuhayli, Wahba The juridical meaning of riba. In Interest in economics, ed. Abdulkader Thomas. London: Routledge. Ali, K.M. Mortuza Insurance in Islam. Thoughts on Economics 7 (4): Ali, S. Nazim Islamic finance and economics as reflected in research and publications. Review of Islamic Economics 12 (1): Ali, Salman S Financial distress and bank failure: Lessons from closure of Ihlas Finans in Turkey. Islamic Economic Studies 14 (1 2) (August, January): Ali, Salman S a. Financial distress and bank failures: Relevance for Islamic banks. In Islamic banking and finance: Fundamentals and contemporary issues, ed. Salman S. Ali and Ausaf Ahmad, pp Jeddah: Islamic Research and Training Institute, Islamic Development Bank. Ali, Salman S Islamic capital markets: Current state and developmental challenges. Introduction to Islamic capital markets: Products, regulation and development, ed. Salman Syed Ali, pp Jeddah: Islamic Research and Training Institute, Islamic Development Bank. Ali, Salman S. and Ausaf Ahmad, eds Islamic banking and finance: Fundamentals and contemporary issues. Jeddah: Islamic Research and Training Institute, Islamic Development Bank. Alpay, Savas The evaluation of special finance houses: A case study on Turkey. In Advances in Islamic economics and finance: Proceedings of 6th International Conference on Islamic Economics and Finance, Vol. 1, ed. Munawar Iqbal, Salman Syed Ali and Dadang Muljawan, pp Jeddah: Islamic Research and Training Institute, Islamic Development Bank. Anjum, M. Iqbal An inquiry into alternative models of Islamic banking. In Advances in Islamic economics and finance: Proceedings of 6th International Conference on Islamic Economics and Finance, Vol. 1, ed. Munawar Iqbal, Salman Syed Ali and Dadang Muljawan, pp Jeddah: Islamic Research and Training Institute, Islamic Development Bank.

6 456 What is wrong with Islamic economics? Ansari, M.I Islamic perspective on sustainable development. American Journal of Islamic Social Sciences 11 (3): Arbouna, Mohammed Burhan and Hurriyah el- Islamy Rate of return risk management in Islamic finance: Challenges and propositions. In Islamic capital markets: Products, regulation and development, ed. Salman Syed Ali, pp Jeddah: Islamic Research and Training Institute, Islamic Development Bank. Archer, Simon, Riffat Ahmed Abdel Karim and Volker Nienhaus, eds Takaful Islamic insurance: Concepts and regulatory issues. Singapore: John Wiley & Sons (Asia). Ariff, Mohamed Islamic banking. Asian- Pacific Economic Literature 2 (2) (September): Ariff, Mohamed Comments on Islamic economics and finance: Where do they stand? by Masudul Alam Choudhury. In Advances in Islamic economics and finance: Proceedings of 6th International Conference on Islamic Economics and Finance, Vol. 1, ed. Munawar Iqbal, Salman Syed Ali and Dadang Muljawan, pp Jeddah: Islamic Research and Training Institute, Islamic Development Bank. Ariffin, N. Mohd, Simon Archer and Rifaat A.A. Karim Transparency and market discipline in Islamic banks. In Advances in Islamic economics and finance: Proceedings of 6th International Conference on Islamic Economics and Finance, Vol.1, ed. Munawar Iqbal, Salman Syed Ali and Dadang Muljawan, pp Jeddah: Islamic Research and Training Institute, Islamic Development Bank. Asad, Muhammad Towards an Islamic constitution. Arafat I (9). In Muhammad Asad: Europe s Gift to Islam, Vol. II, ed. M. Ikram Chaghatai Lahore: Truth Society and Sang- e- Meel Publications. Asad, Muhammad The message of the Qur an. Gibraltar: Dar al- Andalus. Ascarya and Diana Yumanita Comparing the development of Islamic financial/bond markets in Malaysia and Indonesia. In Islamic capital markets: Products, regulation and development, ed. Salman Syed Ali, pp Jeddah: Islamic Research and Training Institute, Islamic Development Bank. Asian Development Bank Islamic Republic of Pakistan: Improving access to financial services Islamic finance component, November, PAK-TACR-Vol6.pdf. Askari, Hossein, Zamir Iqbal, Noureddine Krichene and Abbas Mirakhor The stability of Islamic finance: Creating a resilient financial environment for a secure future. Singapore: John Wiley & Sons (Asia). Askari, Hossein, Zamir Iqbal and Abbas Mirakhor New issues in

7 Bibliography 457 Islamic finance and economics: Progress and challenges. Singapore: John Wiley & Sons (Asia). Askari, Hossein, Zamir Iqbal and Abbas Mirakhor Globalization and Islamic finance: Convergence, prospects, and challenges. Singapore: John Wiley & Sons (Asia). Asutay, Mehmet Conceptualization of the second best solution in overcoming the social failure of Islamic banking and finance: Examining the overpowering of homoislamicus by homoeconomicus. IIUM Journal of Economics and Management 15 (2): Asutay, Mehmet An introduction to Islamic moral economy. Paper presented at the Durham Islamic Finance Summer School 2010, School of Government and International Affairs, Durham University, 5 9 July. Ayub, Muhammad Islamic banking and finance: Theory and practice. Karachi: State Bank of Pakistan Printing Press. Ayub, Muhammad Understanding Islamic finance. Chichester: John Wiley & Sons. Azid, Toseef Appraisal of the state of research on labor economics in the Islamic framework. Paper presented at the 7th International Conference on Islamic Economics, King Abdulaziz University, Jeddah, 1 3 April, Azid, Toseef, Mehmet Asutay and Umar Burki Theory of the firm, management and stakeholders: An Islamic perspective. Islamic Economic Studies (July): Bacha, Obiyathullah Ismath Derivative instruments and Islamic finance: Some thoughts for reconsideration. International Journal of Islamic Financial Services 1 (2) (July September). Badawi, Zaki al- Din Theory of prohibited riba. Arabic. Trans. Imran Ahsan Khan Nyazee. Islamabad: Advanced Legal Studies Institute (ALSI), Bader, M.K.I., Shamsher Mohamad, Mohamed Ariff and Taufiq Hassan Cost, revenue and profit efficiency of Islamic vs. conventional banks: International evidence using data envelopment analysis. Islamic Economic Studies 15 (2) (January): Bakhtiari, Sadegh Islamic microfinance, providing credit to the poor: A case study of Iran. International Economics Studies 34 (1) (Summer): Balala, Maha- Hanaan Islamic finance and law. London and New York: I.B. Tauris. Ballantyne, W.M Commercial law in the Arab Middle East: The Gulf States. London: Lloyds of London Press. Bashir, M. Abdel Hameed Assessing the performance of Islamic

8 458 What is wrong with Islamic economics? banks: Some evidence from the Middle East. Unpublished. Prepared for the MEEA/American Economic Association Annual Meeting, New Orleans, LA, 4 7 January. Beik, Irfan Syauqi and Didin Hafidhuddin Enhancing the role of sukuk on agriculture sector financing in Indonesia: Proposed models. In Islamic capital markets: Products, regulation and development, ed. Salman Syed Ali, pp Jeddah: Islamic Research and Training Institute, Islamic Development Bank. Blaug, Mark The methodology of economics or how economists explain. Cambridge: Cambridge University Press. Böhm- Bawerk, Eugen von The positive theory of capital. London: Macmillan. Boudjellal, M The business of interest- free banking with special reference to Kuwait Finance House. M.Sc. dissertation. Heriot- Watt University, Edinburgh. Boudjellal, M Three decades of experimentation: Rethinking the theory of Islamic banking. Review of Islamic Economics 10 (1): Bouheraoua, Said. n.d. Tawarruq in the banking system: A critical analytical study of juristic views on the topic. Presented at 19th Seminar of the International Islamic Fiqh Academy of the OIC. Kuala Lumpur: International Shari ah Research Academy, islamic- banking/tawarruq.html. Cakir, Selim and Faezeh Raei Sukuk vs. eurobonds: Is there a difference in value- at- risk? Working paper WP/07/237. Washington, DC: International Monetary Fund. Camber, R.J Accounting, evaluation, and economic behaviour. Englewood Cliffs, NJ: Prentice- Hall. Chachi, Abdelkader Origin and development of Islamic banking operations. Journal of King Abdulaziz University: Islamic Economics 18 (2): Chachi, Abdelkader and Salma Abdul Latiff Islamic marketing ethics and its impact on customer satisfaction in the Islamic banking industry. Journal of King Abdulaziz University: Islamic Economics 21 (1): Chapra, M.U Money and banking in an Islamic economy. In Monetary and fiscal economics of Islam, ed. M. Ariff. Jeddah: Islamic Research and Training Institute, Islamic Development Bank. Chapra, M.U Towards a just monetary system. Leicester: Islamic Foundation. Chapra, M.U What is Islamic economics? Islamic Development Bank, Jeddah in IDB Prize Winner s Lecture Series no. 9. Jeddah: Islamic Research and Training Institute.

9 Bibliography 459 Chapra, M.U What is Islamic economics? Jeddah: Islamic Research and Training Institute, Islamic Development Bank. Chapra, M.U Why has Islam prohibited interest? Rationale behind prohibition of interest? In Interest in Islamic economics, ed. Abdulkader Thomas. London: Routledge. Chapra, M.U Comments on Islamic economics and finance: Where do they stand? by Masudul Alam Choudhury. In Advances in Islamic economics and finance: Proceedings of 6th International Conference on Islamic Economics and Finance, Vol. 1, ed. Munawar Iqbal, Salman Syed Ali and Dadang Muljawan, pp Jeddah: Islamic Research and Training Institute, Islamic Development Bank. Chapra, M.U a. The case against interest: Is it compelling? In Islamic banking and finance: Fundamentals and contemporary issues, ed. Salman S. Ali and Ausaf Ahmad, pp Jeddah: Islamic Research and Training Institute, Islamic Development Bank. Chapra, M.U Muslim civilization: The causes of decline and the need for reform. Leicester: Islamic Foundation. Chapra, M.U a. Forum speech. Presented at 8th Harvard University Forum on Islamic Finance, April, Harvard Law School, Cambridge, MA, http//:ifp.law.harvard.edu. Chapra, M.U b. The Islamic vision of development in the light of the maqasid al- Shari ah. Jeddah: Islamic Research and Training Institute. Chapra, M.U c. The global financial crisis: Can Islamic finance help? IIUM Journal of Economics and Management 16 (2): Chapra, M.U Ethics and economics: An Islamic perspective. Islamic Economic Studies 16 (1&2) (January): Chapra, M.U. and Tariqullah Khan Regulation and supervision of Islamic banks. Occasional paper 3. Jeddah: Islamic Research and Training Institute, Islamic Development Bank. Chong, Beng Soon and Ming- Hua Liu Islamic banking: Interest- free or interest- based?, cfm?abstract_id= Cizakca, Murat Towards a comparative economic history of the waqf system. Al- Shajara II (1). Kuala Lumpur: International Institute of Islamic Thought and Civilization. Cizakca, Murat A history of philanthropic foundations: The Islamic world from the seventh century to the present. Eighth draft, Cizakca, Murat Democracy, economic development, and maqasid al- shari ah. Review of Islamic Economics 11 (1): Choudhury, Masudul Alam Islamic economics and finance: Where do they stand? In Advances in Islamic economics and finance: Proceedings

10 460 What is wrong with Islamic economics? of 6th International Conference on Islamic Economics and Finance, Vol. 1, ed. Munawar Iqbal, Salman Syed Ali and Dadang Muljawan, pp Jeddah: Islamic Research and Training Institute, Islamic Development Bank. Commission for Islamization of Economy Report on banks and financial institutions. Islamabad: Government of Pakistan. Cornell, Vincent J In the shadow of Deuteronomy. In Interest in Islamic economics, ed. Abdulkader Thomas, pp London: Routledge. Council of Islamic Ideology, Pakistan Elimination of riba from the economy and Islamic modes of financing. Islamabad: CII. Council of Islamic Ideology, Pakistan Eliminating interest from the economy. In Money and banking in Islam, ed. Ziauddin Ahmad et al. Jeddah: International Centre for Research in Islamic Economics, King Abdulaziz University; and Islamabad: Institute of Policy Studies. Council of Islamic Ideology, Pakistan Bima wa qawaneen e bima [Insurance and contemporary insurance laws]. Urdu. Islamabad: CII. Dabu, Ibrahim Fadhil. n.d. Tawarruq, its reality and types. Kuala Lumpur: International Shari ah Research Academy, islamic- banking/tawarruq.html. Dar, Humayon A Islamic home financing in the United Kingdom: Problems, challenges and prospects. Review of Islamic Economics 12: Dar, Humayon A Islamic banking in Iran and Sudan. Business Asia, 27 June, Dar, Humayon A. and J.R. Presley Lack of profit loss sharing in Islamic banking: Management and control imbalance. Economic research paper 024. Leicester: Loughborough University. Dar, Humayon A., Rizwan Rahman, Rizwan Malik and Asim Anwar Kamal, eds Global Islamic finance report London: Edbiz Consulting. DeLorenzo, Yusuf Talal The total returns swap and the Shari ah conversion technology stratagem, php. Department of the Treasury Financial regulatory reform a new foundation: Rebuilding financial supervision and regulation. Washington, DC: US Government. Djojosugito, R Necessary legal reforms to create legal basis for effective Islamic asset securitization (sukuk) in Indonesia. In Advances in Islamic economics and finance: Proceedings of 6th International Conference on Islamic Economics and Finance. Vol. 1, ed. Munawar

11 Bibliography 461 Iqbal, Salman Syed Ali and Dadang Muljawan, pp Jeddah: Islamic Research and Training Institute, Islamic Development Bank. Dusuki, A.W The ideal of Islamic banking: A survey of stakeholders perceptions. Review of Islamic Economics 11: Dusuki, A.W a. Commodity murabaha programme (CMP): An innovative approach to liquidity management. Journal of Islamic Economics, Banking and Finance 3 (1): Dusuki, A.W Banking for the poor: The role of Islamic banking in microfinance initiatives. Humanomics: International Journal of Systems and Ethics 24 (1) (February): Dusuki, A.W Shari ah parameters in Islamic foreign exchange swap as hedging mechanism in Islamic finance. Presented at International Conference on Islamic Perspective on Management and Finance. Kuala Lumpur: International Shari ah Research Academy, my/articles/islamic- banking/tawarruq.html. Dusuki, A.W a. A critical appraisal on the practice of commodity murabaha transactions from maqasid al- shari ah (objectives of Shari ah) perspectives. Presented at Insaniah- IRTI International Conference on Islamic Economics, Banking and Finance, Langkawi, Malaysia, August. Kuala Lumpur: International Shari ah Research Academy, banking/tawarruq.html. Dusuki, A.W Do equity- based sukuk structures fulfill the objectives of Shari ah (maqasid al- Shari ah)? Review of Islamic Economics 14 (2): Dusuki, A.W. and Abdelazeem Abozaid A critical appraisal on the challenges of realizing maqasid al- shari ah in Islamic banking and finance. IIUM Journal of Economics and Management 15 (2): Dusuki, A.W. and Abdelazeem Abozaid Fiqh issues in short selling as implemented in the Islamic capital market in Malaysia. Journal of King Abdulaziz University: Islamic Economics 21 (2): Dusuki, A.W. and Humayon Dar Stakeholders perceptions of corporate social responsibility of Islamic banks: Evidence from Malaysian economy. In Advances in Islamic economics and finance: Proceedings of 6th International Conference on Islamic Economics and Finance, Vol. 1, ed. Munawar Iqbal, Salman Syed Ali and Dadang Muljawan, pp Jeddah: Islamic Research and Training Institute, Islamic Development Bank. Dusuki, A.W. and Shabnam Mokhtar Critical appraisal of Shari ah issues on ownership in asset- backed sukuk as implemented in the Islamic debt market. Research paper 8/2010. Kuala Lumpur: International Shari ah Research Academy,

12 462 What is wrong with Islamic economics? El- Ashker, Ahmed Rethinking Islamic economics: A vision to the future. Islamic Business and Finance 12, 13 (October, November). El- Din, Seif el- Tag The question of an Islamic futures market. IIUM Journal of Economics and Management 12 (1): El- Din, Seif el- Tag Review of Introduction to microeconomics: An Islamic perspective by Zubair Hasan. Muslim World Book Review 28 (4): El- Din, Seif Tag a. Income ratio, risk- sharing and the optimality of mudaraba. Journal of King Abdulaziz University: Islamic Economics 21 (2): El- Diwani, Tarek Fractional reserve banking and the interest bearing money supply. Paper presented at meeting of the Association of Muslim Social Scientists, London School of Economics, October, islamic- finance.com. El- Diwani, Tarek The great Islamic mortgage caper? Journal of Islamic Finance (April), finance.com. El- Diwani, Tarek a. The problem with interest. UK: Kreatoc. El- Gamal, Mahmoud A A basic guide to contemporary Islamic banking and finance. Houston, TX: Rice University, rice.edu/~elgamal. El- Gamal, Mahmoud A An economic explication of the prohibition of riba in classical Islamic jurisprudence, elgamal. El- Gamal, Mahmoud A a. An economic explication of the prohibition of gharar in classical Islamic jurisprudence, edu/~elgamal. El- Gamal, Mahmoud A Islamic finance: Law, economics and practice. Cambridge: Cambridge University Press. El- Gamal, Mahmoud A Incoherence of contract- based Islamic financial jurisprudence in the age of financial engineering, rice.edu/~elgamal. El- Hawary, Dahlia and Wafik Grais The compatibility of Islamic financial services and microfinance: A little- explored avenue for expanding outreach. United Nations Capital Development Fund: Microfinance 14 (July), _07/news_compatibility.php. El- Hawary, Dahlia, Wafik Grais and Zamir Iqbal Regulating Islamic financial institutions: The nature of the regulated. World Bank policy research working paper Washington, DC: World Bank. Ernst & Young World Takaful Report, Ernst & Young World Takaful Report, Fadel, Mohammad Riba, efficiency, and prudential regulation:

13 Bibliography 463 Preliminary thoughts. Wisconsin International Law Journal 25 (4) (April): , Farook, Sayd On corporate social responsibility of Islamic financial institutions. Islamic Economic Studies 15 (1) (July): Farook, Sayd A standard of corporate social responsibility for Islamic financial institutions: A preliminary study. Paper presented at the First International Conference on Inclusive Islamic Financial Sector Development: Enhancing Islamic Financial Services for Micro and Medium Sized Enterprises, April 2007, Brunei. In Islamic finance for micro and medium enterprises, ed. Mohammed Obaidullah and Hajah Salma Haji Abdul Latiff, pp Jeddah: Islamic Research and Training Institute, Islamic Development Bank. Farooq, Muhammad O The riba interest equation and Islam: Reexamination of the traditional arguments. Draft, globalwebpost.com/farooqm/writings/islamic/i_econ.fin/. Farooq, Muhammad O Self- interest, homo Islamicus and some behavioral assumptions in Islamic economics and finance. Draft. Islamicus.doc. Farooq, Muhammad O a. Qard al- hasana, wadi ah/amanah and bank deposits: Applications and misapplications of some concepts in Islamic banking. Draft, islamic/i_econ.fin/. Farooq, Muhammad O b. Riba, interest and six hadiths: Do we have a definition or a conundrum? Draft, com/farooqm/writings/islamic/i_econ.fin/. Farooq, Muhammad O c. Stipulation of excess in understanding and misunderstanding riba: The al- Jassas link, farooqm/writings/islamic/jassas_stip.doc. Farooq, Muhammad O d. The riba interest equivalence: Is there an ijma (consensus)? Draft, islamic/i_econ.fin/. Farooq, Muhammad O Exploitation, profit and the riba interest reductionism. Draft, islamic/i_econ.fin/. Farooq, Muhammad O a. Partnership, equity- financing and Islamic finance: Whither profit loss sharing? Review of Islamic Economics 11: Farrell, M.J The measurement of productive efficiency. Journal of the Royal Statistical Society 120: Federal Shari at Court (FSC) of Pakistan Judgment on riba (interest). Islamabad: Pakistan Legal Decisions.

14 464 What is wrong with Islamic economics? Forte, G. and F. Miglietta. n.d. [2007?] Islamic mutual funds as faith- based funds in a socially responsible context, Foster, John Curb your enthusiasm. Islamic Business and Finance 28 (March): Foster, John a. Cover interview: Indexing Islam. Islamic Business and Finance 33 (August): Friedman, Milton and Rose Friedman Free to choose. New York: Harcourt Brace Jovanovich. Ghamidi, Javed A Sud ka mas ala [The problem of interest]. Urdu. Monthly Ishraq 21 (10) (October): 2 3. Ghazi, Mahmud A Mahadirat e fiqh [Proceedings of seminar on fiqh]. Urdu. Lahore: al- Faisal Nasharan. Gilani, S.M. Ahsan Islami ma ashiyat [Islamic economics]. Urdu. Karachi: Sh. Shaukat Ali and Sons. Grais, Wafik and Matteo Pellegrini Corporate governance and Shari ah compliance in institutions offering Islamic financial services. Policy research working paper 4054, November. Washington, DC: World Bank. Grais, Wafik and Matteo Pellegrini a. Corporate governance in institutions offering Islamic financial services: Issues and options. Policy research working paper 4052, November. Washington, DC: World Bank. Hakim, Cecep M Islamic bonds: Indonesian experience. In Islamic banking and finance: Fundamentals and contemporary issues, ed. Salman S. Ali and Ausaf Ahmad, pp Jeddah: Islamic Research and Training Institute, Islamic Development Bank. Hameedullah, Muhammad Le prophet de l Islam. Trans. from Urdu by Khalid Pervaiz (Paighamuber e Islam). Lahore: Beacon Books. Hammad, Nazih Kamal Charging fees for debt- guarantees: Extent of permissibility in Islamic fiqh. Journal of King Abdulaziz University: Islamic Economics 9: Hammad, Zaki Ahmad The Gracious Qur an. Lisle, IL: Lucent Interpretations. Haneef, Mohamed A Contemporary Islamic economic thought: A selected comparative analysis. Kuala Lumpur: S. Abdul Majeed & Co. Haneef, Mohamed A Can there be an economics based on religion? The case of Islamic economics. Post- autistic Economics Review 34 (October). Haneef, Mohamed A Funding research in Islamic economics and finance. Paper presented at 7th International Conference on Islamic

15 Bibliography 465 Economics, King Abdulaziz University, 1 3 April, Jeddah, Haneef, Mohamed A Research in Islamic economics: The missing fard ayn component. Paper presented at 3rd Islamic Economics Congress, January, Kuala Lumpur. [An earlier draft was presented at the 7th International Conference on Islamic Economics and Finance, Islamic Economics Research Center, King Abdulaziz University, Jeddah, 1 3 April 2008.] Haneef, Mohamed A Islamic economics, banking and finance in the 21st century: Selected issues in curriculum/human capital development. Thoughts on Economics 20 (1) (January): Haneef, Muhammad A. and Emad Rafiq Barakat Must money be limited to only gold and silver? A survey of fiqhi opinions and some implications. Journal of King Abdulaziz University: Islamic Economics 19 (1): Haque, Ziaul Landlord and peasant in early Islam. Islamabad: Islamic Research Institute. Haque, Ziaul Nature and methodology of Islamic economics: An appraisal. Paper presented at the 8th Annual General Meeting of the Pakistan Society of Development Economists, Islamabad, 7 10 January, Haron, Abdullah and Dawood Taylor Risk management in takaful. In Takaful Islamic insurance: Concepts and regulatory issues, ed. Simon Archer, Rifaat Ahmed Abdel Karim and Volker Nienhaus, pp Singapore: John Wiley (Asia). Haron, Sudin and Wan Nursofiza Creating a dynamic Islamic capital market: The essential role of innovation. In Islamic capital markets: Products, regulation and development, ed. Salman Syed Ali, pp Jeddah: Islamic Research and Training Institute, Islamic Development Bank. Hasan, Maher and Jemma Dridi The effects of the global crisis on Islamic and conventional banks: A comparative study. IMF working paper WP 10/201, September. Washington, DC: International Monetary Fund. Hasan, Zubair Islamization of knowledge in economics: Issues and agenda. IIUM Journal 6 (2): Hasan, Zubair Mudaraba as a mode of financing in Islamic banking: Theory, practice and problems. Middle East Business and Economic Review 14 (2): Hasan, Zubair Treatment of consumption in Islamic economics: An appraisal. Journal of King Abdulaziz University: Islamic Economics 18 (2):

16 466 What is wrong with Islamic economics? Hasan, Zubair Sustainable development from an Islamic perspective: Meaning, implications, and policy concerns. Journal of King Abdulaziz University: Islamic Economics 19 (1): Hasan, Zubair Islamic finance education at the graduate level: Current state and challenges. Islamic Economic Studies 16 (1, 2) (January): Hasan, Zubair Islamic finance: What does it change, what it does not? Structure objective mismatch and its consequences, ub.uni- muenchen.de/21224/. Hasan, Zubair Scarcity, self- interest and maximization from Islamic angle. Unpublished. Online at muenchen.de/29414/, MPRA Paper no , posted 8 March 2011, 06:20. Hasanuzzaman, S.M Definition of Islamic economics. Journal of King Abdulaziz University 1 (2). Hasanuzzaman, S.M Limited liability of shareholders: An Islamic perspective. Islamic Studies 28 (4): Haskins, M.E., Kenneth R. Ferris and Thomas I. Selling International financial and reporting analysis. Chicago: Richard D. Irwin. Hassan, H.H Bima ki shari i hathiyat [Legal position of insurance]. Urdu. Trans. A.R. Ashraf Baloch. Islamabad: Islamic Research Institute. Hassan, Muhammad K The x- efficiency in Islamic banks. Islamic Economics Studies 13 (2) (February): Hassan, Muhammad K. and Rasem N. Kayed The global financial crisis, risk management and social justice in Islamic finance. ISRA International Journal of Islamic Finance 1 (1): Hassan, Muhammad K. and Mervyn K. Lewis Ends and means in Islamic banking and finance. Review of Islamic Economics 11: Hassan, Muhammad K. and Mervyn K. Lewis, eds a. Handbook of Islamic banking. Cheltenham, UK and Northampton, MA, USA: Edward Elgar. Hausman, D.W Is falsification unpracticed or unpracticable? Philosophy of the Social Sciences, 15: Heck, Gene W Charlemagne, Muhammad, and the Arab roots of capitalism. Berlin and New York: Walter de Gruyter. Henderiksen, E.S Accounting theory. Homewood, IL: Richard D. Irwin. Homoud, S.H Islamic banking. London: Arabian Information. Hussain, Ishrat The surge in Islamic financial services. Daily Dawn (Karachi), 11 September. Hussein, Khaled A Islamic economics: Current state of knowledge and development of the discipline. Paper presented at 7th International

17 Bibliography 467 Conference on Islamic Economics, King Abdulaziz University, 1 3 April, Jeddah, Ibn Ashur, Muhammed al- Tahir Treatise on maqasid al- shari ah. Arabic. Trans. Mohamed el- Tahir el- Mesawi. Herndon, VA: International Institute of Islamic Thought. Ibrahim, Muhammad and Hamim Syahrum Ahmad Mokhtar Islamic liquidity management: The Malaysian experience. ISRA International Journal of Islamic Finance 2 (2): Imadi, Tamanna Riba aur bai. [Riba and trade]. Urdu. Fikro Nazar (Islamabad) 2 (7): International Islamic Financial Market Sukuk report: A comprehensive study of the global sukuk market, IIFM_sukuk_report_2.pdf. Iqbal, Munawar Contributions of the last six conferences. Paper presented at 7th International Conference on Islamic Economics, King Abdulaziz University, 1 3 April, Jeddah, sa/7iecon/index.html. Iqbal, Munawar and Salman Syed Ali, eds Introduction to Advances in Islamic economics and finance: Proceedings of the 6th International Conference on Islamic Economics and Finance, Vol. 1. Jeddah: Islamic Research and Training Institute, Islamic Development Bank. Iqbal, Munawar, Salman Syed Ali and Dadang Muljawan, eds Advances in Islamic economics and finance: Proceedings of the 6th International Conference on Islamic Economics and Finance, Vol. 1. Jeddah: Islamic Research and Training Institute, Islamic Development Bank. Iqbal, Munawar and Philip Molyneux Thirty years of Islamic banking: History, performance and prospects. New York: Palgrave Macmillan. Iqbal, Zafar and Mervyn K. Lewis Islamic perspective on governance. Cheltenham, UK and Northampton, MA, USA: Edward Elgar. Iqbal, Zamir Portfolio choices and asset pricing in Islamic framework. In Theoretical foundations of Islamic economics, ed. Habib Ahmed, pp Jeddah: Islamic Research and Training Institute, Islamic Development Bank. Iqbal, Zamir and Abbas Mirakhor Islamic banking. Occasional paper 49. Washington, DC: International Monetary Fund. Iqbal, Zamir and Abbas Mirakhor The stakeholders model of governance in an Islamic economic system. Islamic Economic Studies 11 (2): Iqbal, Zamir and Abbas Mirakhor An introduction to Islamic finance. Lahore: Vanguard Books.

18 468 What is wrong with Islamic economics? Irfani, A.M Bima ki shari i hathiyat [Legal position of insurance]. Urdu. Fikro Nazar (Islamabad) 21 (7) (February): Islahi, Abdul Azim A study of Muslim economic thinking in the 11th a.h./17th c.e. century. Jeddah: Islamic Economics Research Centre, King Abdulaziz University. Islahi, Abdul Azim and Mohammed Obaidullah Zakah on stocks: Some unsettled issues. Journal of King Abdulaziz University: Islamic Economics 17 (2): Islahi, Amin Ahsan. [ ] Tadabbur e Qur an. Lahore: Faran Foundation. Islamic Economics Research Centre A proposed strategic vision for future research in Islamic economics. Paper presented at 7th International Conference on Islamic Economics, King Abdulaziz University, 1 3 April, Jeddah, Islamic Financial Services Board Issues in regulation and supervision of takaful (Islamic insurance). IFSB, Islamic Financial Services Board Technical note on issues in strengthening liquidity management of institutions offering Islamic financial services: The development of Islamic money markets. IFSB, Islamic Financial Services Board Guidance note in connection with the risk management and capital adequacy standards: Commodity murabaha transactions. IFSB, Jabeen, Zohra and Memoona Rauf Khan An inquiry into the usage of real assets in Islamic transactions and their benchmarking: The implications for Islamic capital markets. In Islamic capital markets: Products, regulation and development, ed. Salman Syed Ali, pp Jeddah: Islamic Research and Training Institute, Islamic Development Bank. Jalal, Ayesha Partisans of God: Jihad in south Asia. Lahore: Sange-Meel Publications. Janahi, A.L. Rahim Shari ah alternatives to government bonds. In Financial engineering and Islamic contracts, ed. Munawar Iqbal and Tariqullah Khan. Houndmills, Basingstoke: Palgrave Macmillan. Jobst, Andreas A The economics of Islamic finance: Securitization. Journal of Structured Finance 13 (1). Electronic copy available at: ssrn.com/abstract= Jobst, Andreas A Derivatives in Islamic finance. In Islamic capital markets: Products, regulation and development, ed. Salman Syed Ali, pp Jeddah: Islamic Research and Training Institute, Islamic Development Bank. Johansen, Baber The Islamic law on land tax and rent. London: Croom Helm.

19 Bibliography 469 Kahf, Monzer. n.d. Introduction to the study of economics of zakah, monzer.kahf.com/. Kahf, Monzer. n.d.-a. Non- tax private financing of government in Islam, Kahf, Monzer. n.d.-b. Budget deficit and public borrowing in an Islamic economic system, Kahf, Monzer Fiscal and monetary policies in an Islamic economy. In Monetary and fiscal economics of Islam, ed. M. Ariff. Jeddah: Islamic Research and Training Institute, Islamic Development Bank. Kahf, Monzer The use of assets ijara bond for bridging the budget gap. Islamic Economic Studies 4 (2) (May). Kahf, Monzer Islamic banks: The rise of a new power alliance of wealth and Shari ah scholarship. In The politics of Islamic finance, ed. Clement Henry and Rodney Wilson, pp Edinburgh: Edinburgh University Press. Kahf, Monzer Islamic banking and development: An alternative banking concept?, Kahf, Monzer Islamic finance: Business as usual. Lecture at Muslim Community Association of San Francisco Bay Area organized by Hambaba, 22 May, financebusiness- as- usual.html. Kahf, Monzer Role of zakah and awqaf in reducing poverty: A proposed institutional setting within the spirit of Shari ah. Thoughts on Economics 18 (3) (July): Kahf, Monzer and Tariqullah Khan Principles of Islamic finance: A survey. Jeddah: Islamic Research and Training Institute, Islamic Development Bank. Kamali, M. Hashim Islamic commercial law: An analysis of options. Paper presented at the conference of SPTF/Islamic Banking Products, Kuala Lumpur, December. Kamali, M. Hashim Islamic commercial law: An analysis of futures. American Journal of Islamic Social Sciences 13 (2): Kamali, M. Hashim A Shari ah analysis of issues in Islamic leasing. Journal of King Abdulaziz University: Islamic Economics 20 (1): [Revised and improved version of the paper presented at the International Islamic Leasing Conference in Kuwait, April 2005.] Kamel, Saleh Development of Islamic banking activity: Problems and prospects. Jeddah: Islamic Research and Training Institute, Islamic Development Bank. Karim, N., Michael Tarazi and Xavier Reilli Islamic microfinance: An emerging market niche. Consultative Group to Assist the Poor (CGAP) Newsletter Focus 49,

20 470 What is wrong with Islamic economics? Kayed, Rasem N Appraisal of the status on research on labor economics in the Islamic framework. Paper presented at 7th International Conference on Islamic Economics, King Abdulaziz University, 1 3 April, Jeddah, Kazmi, Aqdas Ali The non- equivalence of interest and riba. Business Recorder (Karachi), 14 May. Khalil, Emad H An overview of the Shari ah prohibition of riba. In Interest in Islamic economics, ed. Abdulkader Thomas. London: Routledge. Khalil, Emad H. and Abdulkader Thomas The modern debate over riba in Egypt. In Interest in Islamic economics, ed. Abdulkader Thomas. London: Routledge. Khan, I Role of Islamic finance in developing the Muslim world. Paper presented at the Durham Islamic Finance Summer School, School of Government and International Affairs, Durham University, 5 9 July. Khan, Javed A Islamic economics and finance. London: Mansell Publishing. Khan, M. Mansoor and M. Ishaq Bhatti Developments in Islamic banking: The case of Pakistan. Houndmills, Basingstoke: Palgrave Macmillan. Khan, M.S Islamic interest- free banking. IMF Staff Paper 33 (1) (March). Khan, Muhammad Akram Islamic banking in Pakistan: The future path. Lahore: All Pakistan Islamic Educational Congress. Khan, Muhammad Akram a. An introduction to Islamic economics. Islamabad: International Institute of Islamic Thought and Institute of Policy Studies. Khan, Muhammad Akram Some accounting issues relating to zakah. Islamic Studies 39 (1): Khan, Muhammad Akram Eliminating interest from the economy. New Horizon (May June). Khan, Muhammad Akram Islamic economics and finance: A glossary, 2nd edn. London: Routledge. Khan, Muhammad Fahim The value of money and discounting in the Islamic perspective. Review of Islamic Economics 1 (2): Khan, Muhammad Fahim Fiqh foundations of the theory of Islamic economics: A survey of selected contemporary writings on economics related subjects of fiqh. In Theoretical foundations of Islamic economics, ed. Habib Ahmed, pp Jeddah: Islamic Research and Training Institute, Islamic Development Bank. Khan, Muhammad Fahim Guaranteeing investment deposits in

21 Bibliography 471 Islamic banking system. Journal of King Abdulaziz University: Islamic Economics 16 (1): Khan, Muhammad Fahim Comments on Towards a new paradigm for economics by Asad Zaman (JKAU: Islamic Economics, 18(2). 2005). Journal of King Abdulaziz University: Islamic Economics 20 (1): Khan, Salman Organized tawarruq in practice: A Shari ah noncompliant and unjustified transaction. New Horizon (177): Khan, Waqar Masood Transition to a riba- free economy. Islamabad: International Institute of Islamic Thought and Islamic Research Institute. Kholis, Nur Murabaha mode of financing for micro and medium sized enterprises: A case study of Baitul mal wat tamwil (BMT), Yogyakarta, Indonesia. Paper presented at the First International Conference on Inclusive Islamic Financial Sector Development: Enhancing Islamic Financial Services for Micro and Medium Sized Enterprises, April 2007, Brunei. In Islamic finance for micro and medium enterprises, ed. Mohammed Obaidullah and Hajah Salma Haji Abdul Latiff, pp Jeddah: Islamic Research and Training Institute, Islamic Development Bank. Klingmuller, E The concept and development of insurance in Islamic countries. Islamic Culture (Hyderabad) (January): Kuran, Timur Behavioral norms in the Islamic doctrine of economics: A critique. Journal of Economic Behavior and Organization 4: Kuran, Timur On the notion of economic justice in contemporary Islamic thought. International Journal of Middle East Studies 21 (2) (May): Kuran, Timur The discontents of Islamic economic morality. American Economic Review 86 (2) (May): Kuran, Timur Islam and mammon: The economic predicaments of Islamism. Princeton, NJ: Princeton University Press. Leibenstein, H Allocative efficiency vs x- efficiency. American Economic Review 56: Lewis, M.K. and L.M. al- Gaud Islamic banking. Cheltenham, UK and Northampton, MA, USA: Edward Elgar. Lings, Martin Muhammad: His life based on the earliest sources. Lahore: Suhail Academy. Lone, F. Ahmad The modern challenges of Islamic banks. Islamic Business and Finance 45 (September): 36 37, MacFarlane, Isla Sukuk slide. Islamic Business and Finance 43 (June),

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