Edited by Munawar Iqbal, Professor, King Abdul Aziz University, Saudi Arabia and Chief of Research, IRTI, Islamic Development Bank and David T. Llewellyn, Emeritus Professor of Money and Banking, Loughborough University, UK

• Contents:Preface Glossary 1 Introduction Munawar Iqbal and David T. Llewellyn2 Decision-making under uncertainty: an Islamic perspective Sami Ibrahim Al-SuwailemCommentsMonzer Kahf; Mohamed Ali Elgari3 Incentive-compatible profit-sharing contracts: a theoretical treatment Habib AhmedCommentsSaid Al Hallaq4 Evidence on agency-contractual problems in mu∂arabah financing operations by Islamic banks Abdel-Fattah A.A. Khalil, Colin Rickwood and Victor MurindeCommentsAbdel-hameed Bashir5 Incentive-compatible constraints for Islamic banking: some lessons from Bank Muamalat Adiwarman A. KarimCommentsMuhammad Nejatullah Siddiqi6 How informal risk capital investors manage asymmetric information in profit/loss-sharing contracts Mohammad Abalkhail and John R. PresleyCommentsSultan Abou-Ali7 Choice between debt and equity contracts and asymmetrical information: some empirical evidence Kazem Sadr and Zamir IqbalCommentsAbdul Azim Islahi8 Islamic banking contracts as enforced in Iran Ali YasseriCommentsMohamed Ali Elgari9 Islamic financial institutions of India: their nature, problems and prospects M.I. BagsirajCommentsFazlur Rahman Faridi; Sule Ahmed Gusau10 The interface between Islamic and conventional banking Rodney WilsonCommentsMuhammad Abdul Mannan; Abdurrahman Lahlou11 Alternative visions of international monetary reform M. Umer ChapraCommentsJohn G. SessionsIndex

Edited by Munawar Iqbal, Professor, King Abdul Aziz University, Saudi Arabia and Chief of Research, IRTI, Islamic Development Bank and David T. Llewellyn, Emeritus Professor of Money and Banking, Loughborough University, UK

• Contents:Preface Glossary 1 Introduction Munawar Iqbal and David T. Llewellyn2 Decision-making under uncertainty: an Islamic perspective Sami Ibrahim Al-SuwailemCommentsMonzer Kahf; Mohamed Ali Elgari3 Incentive-compatible profit-sharing contracts: a theoretical treatment Habib AhmedCommentsSaid Al Hallaq4 Evidence on agency-contractual problems in mu∂arabah financing operations by Islamic banks Abdel-Fattah A.A. Khalil, Colin Rickwood and Victor MurindeCommentsAbdel-hameed Bashir5 Incentive-compatible constraints for Islamic banking: some lessons from Bank Muamalat Adiwarman A. KarimCommentsMuhammad Nejatullah Siddiqi6 How informal risk capital investors manage asymmetric information in profit/loss-sharing contracts Mohammad Abalkhail and John R. PresleyCommentsSultan Abou-Ali7 Choice between debt and equity contracts and asymmetrical information: some empirical evidence Kazem Sadr and Zamir IqbalCommentsAbdul Azim Islahi8 Islamic banking contracts as enforced in Iran Ali YasseriCommentsMohamed Ali Elgari9 Islamic financial institutions of India: their nature, problems and prospects M.I. BagsirajCommentsFazlur Rahman Faridi; Sule Ahmed Gusau10 The interface between Islamic and conventional banking Rodney WilsonCommentsMuhammad Abdul Mannan; Abdurrahman Lahlou11 Alternative visions of international monetary reform M. Umer ChapraCommentsJohn G. SessionsIndex

Edited by Munawar Iqbal, Professor, King Abdul Aziz University, Saudi Arabia and Chief of Research, IRTI, Islamic Development Bank and David T. Llewellyn, Emeritus Professor of Money and Banking, Loughborough University, UK

• Contents:Preface Glossary 1 Introduction Munawar Iqbal and David T. Llewellyn2 Decision-making under uncertainty: an Islamic perspective Sami Ibrahim Al-SuwailemCommentsMonzer Kahf; Mohamed Ali Elgari3 Incentive-compatible profit-sharing contracts: a theoretical treatment Habib AhmedCommentsSaid Al Hallaq4 Evidence on agency-contractual problems in mu∂arabah financing operations by Islamic banks Abdel-Fattah A.A. Khalil, Colin Rickwood and Victor MurindeCommentsAbdel-hameed Bashir5 Incentive-compatible constraints for Islamic banking: some lessons from Bank Muamalat Adiwarman A. KarimCommentsMuhammad Nejatullah Siddiqi6 How informal risk capital investors manage asymmetric information in profit/loss-sharing contracts Mohammad Abalkhail and John R. PresleyCommentsSultan Abou-Ali7 Choice between debt and equity contracts and asymmetrical information: some empirical evidence Kazem Sadr and Zamir IqbalCommentsAbdul Azim Islahi8 Islamic banking contracts as enforced in Iran Ali YasseriCommentsMohamed Ali Elgari9 Islamic financial institutions of India: their nature, problems and prospects M.I. BagsirajCommentsFazlur Rahman Faridi; Sule Ahmed Gusau10 The interface between Islamic and conventional banking Rodney WilsonCommentsMuhammad Abdul Mannan; Abdurrahman Lahlou11 Alternative visions of international monetary reform M. Umer ChapraCommentsJohn G. SessionsIndex