Islamic Perspectives on Wealth Creation

Munawar Iqbal is Chief of Research at the Islamic Banking and Finance Division of the Islamic Development Bank's Islamic Research and Training Institute, Jeddah, Saudi Arabia. Professor Wilson was the founder of the Islamic finance programme at Durham University in the United Kingdom where he continues to be an Emeritus Professor. He was a Visiting Professor at the Qatar Faculty of Islamic Studies in from 2009 untill 2012 and since 2013 has been an Emeritus Professor at the International Centre of Education in Islamic Finance (INCEIF), Kuala Lumpur. Professor Wilson was awarded the IDB prize in Islamic banking in 2014 in recognition of his academic work on the subject.

• Introduction; Munnawar Iqbal and Rodney Wilson; (Islamic Development Bank, Jeddah and University of Durham); Part 1: Whither Islamic banking?; 1. Islamic banking at the crossroads: theory versus practice; Zubair Hasan; (International Islamic University, Malaysia); 2. Islamic banking modes of finance: proposals for further evolution; Abdel-Rahman Yousri Ahmad; (University of Alexandria); Part 2: Islamic retail banking experiences; 3. Wealth mobilisation by Islamic banks: the Malaysian case; Sudin Haron and Badrul Hisham Kamaruddin; (Universiti Utara Malaysia); 4. Managing and measuring customer service quality in Islamic banks: a study of the Kuwait Finance House; Abdulqawi Radman Mohammed Othman and H. Lynn Owen; (Tadhamon Islamic Bank, Yemen and University of Wales, Lampeter); 5. The lending policies of Islamic banks in Iran; Nezamaddin Makiyan; (Yazd University, Iran); Part 3: Measuring Islamic banking efficiency; 6. Efficiency in Arab banking; Idries Al-Jarrah and Philip Molyneux; (University of Wales, Bangor); 7. Determinants of Islamic banking profitability; M. Kabir Hassan and Abdel-Hameed Bashir; (University of New Orleans and Gambling State University); 8. Allocative and technical efficiency in Sudanese Islamic banks: an empirical investigation; Abd Elrhman Elzahi Saaid; (International Islamic University, Malaysia); Part 4: Islamic Mortgages, Insurance and Risk Management; 9. Islamic mortgages in the United Kingdom; Humayon Dar; (University of Loughborough); 10. Wealth creation through takaful (Islamic insurance); Mervyn Lewis; (University of South Australia); 11. Towards an optimal risk management tool for profit sharing finance; Seif I. Tag El-Din; (Markfield Institute of Higher Education, Leicester); Part 5: Equity finance and venture capital; 12. Stock market operation and equity price determination in an economy with an interest free banking system: the case of Iran; Karim Eslamloueyan; (Shiraz University, Iran); 13. The demand for musharakah in urban Egypt by small business as a test of the pecking order hypothesis; Mohamed Nasr; (Advanced Management Institute, Cairo); 14. Islamic finance and venture capital: a practical approach; Saqib Rashid; (Cairo University Fulbright Scholar).