Includes bibliographical references and index.

Acknowledgments -- Introduction -- Contemporary Islamic economic thought / Mohammad Omar Farooq -- The legal framework of Islamic finance / Cynthia Shawamreh -- Globalization and Islamic finance : flows and consciousness / Karen Hunt-Ahmed -- Islamic science and the critique of neoclassical economic theory / Waleed El-Ansary -- Juristic disagreement : the collective fatwā against Islamic banking in Pakistan / Shoaib A. Ghias -- Managing liquidity risk in Islamic finance / Dr. Muhammad Al-Bashir Muhammad Al-Amine -- Elements of Islamic wealth management / Paul Wouters -- Sukūk and the Islamic capital markets : an introduction / Michael J.T. McMillen -- Sharía compliant mutual funds / Monem Salam -- The evolution of shariah-compliant indexes and why they outperform conventional indexes over the long term / Tariq Al-Rifai -- Takaful / Farrukh Siddiqui -- Islamic human resources practices / William Marty Martin -- An integrated islamic poverty alleviation model / Ali Ashraf and M. Kabir Hassan -- How does an Islamic microfinance model play the key role in poverty alleviation? : the European perspective / Sabur Mollah and M. Hamid Uddin -- Case studies -- Islamic finance in an almost postcrisis and postrevolutionary world : as in politics, all Islamic finance is local / Mark Smyth -- Stepping forward, backward, or just standing still? : a case study in shifting Islamic financial structures offshore / Umar F. Moghul -- Islamic mortgages / David Loundy -- Sharia quality rating / Nasir Ali Merchant -- Islamic mutual funds performance in Saudi Arabia / Hesham Merdad and M. Kabir Hassan -- Shariah-compliant real estate investment in the United States / John L. Opar -- Risk and derivatives in Islamic finance : a shariah analysis / Dr. Muhammad Al-Bashir Muhammad Al-Amine -- Islamic microfinance / Blake Goud -- About the editor -- Index.

A comprehensive look at the innovations, applications, and best practices of Islamic finance Islamic-compliant finance is transacted in every major world financial center, and the need for information on the topic in light of its global reach has grown exponentially. As an expert in this field, author Karen Hunt-Ahmed understands the intricacies of this area of the capital markets. Now, along with the help of a number of experienced contributors, she skillfully addresses Islamic finance from the perspective of practitioners, examining issues in wealth management, contract law, private equity, asset management, and much more. Engaging and accessible, Contemporary Islamic Finance skillfully explains the practices and innovations of Islamic finance in everything from banking and real estate to private equity, asset management, and many other areas. It is intended to be the go-to resource for both Muslims as well as non-Muslims with an interest in the subject. Divided into three comprehensive parts, it will put you in a better position to understand, and excel at, this important endeavor. Introduces you to the history, legal structures, and basic financial contracts in the industry Highlights the various issues facing contemporary Islamic finance practitioners, and details their significance in the contemporary financial and cultural environment Includes case studies of United States-based transactions and related challenges and successes Filled with in-depth insights and expert advice, this detailed analysis of Contemporary Islamic Finance will help you gain a firm understanding of how effective this proven approach can be.