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The Resource The Legal and Regulatory Aspects of Islamic Banking : A Comparative Look at the United Kingdom and Malaysia

The Legal and Regulatory Aspects of Islamic Banking : A Comparative Look at the United Kingdom and Malaysia

Label
The Legal and Regulatory Aspects of Islamic Banking : A Comparative Look at the United Kingdom and Malaysia
Title
The Legal and Regulatory Aspects of Islamic Banking
Title remainder
A Comparative Look at the United Kingdom and Malaysia
Creator
Subject
Language
eng
Member of
Cataloging source
MiAaPQ
http://library.link/vocab/creatorName
Aldohni, Abdul Karim
Dewey number
346.41/082
LC call number
K1066 -- .A949 2011eb
Literary form
non fiction
Nature of contents
dictionaries
Series statement
Routledge Research in Finance and Banking Law
http://library.link/vocab/subjectName
  • Banking law -- Great Britain
  • Banking law -- Malaysia
  • Banking law (Islamic law)
  • Banks and banking -- Religious aspects -- Islam
  • Banks and banking -- State supervision
Label
The Legal and Regulatory Aspects of Islamic Banking : A Comparative Look at the United Kingdom and Malaysia
Instantiates
Publication
Copyright
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
  • Front Cover -- The Legal and Regulatory Aspects of Islamic Banking -- Copyright Page -- Contents -- Acknowledgements -- Table of cases -- Table of legislation -- Table of statutory instruments -- Table of European legislation -- 1. Introduction -- 1.1 An overview -- 1.1.1 Why is the legal aspect important and challenging? -- 1.1.2 What this book aims to do -- 1.2 Structure of the book -- 1.3 A note on terminology and methods -- 2. The historical and ideological background of Islamic banks -- 2.1 Introduction -- Part One: The history and development of Islamic banking -- 2.2 Islamic banking development: an overview -- 2.3 Islamic banking in Muslim countries: back to the roots -- 2.3.1 The role of the religious and political factors -- 2.3.2 The role of the economic factor (the oil wealth of the Gulf countries) -- 2.3.3 The economic adoption of the Islamic banking system in Muslim countries -- 2.4 The growth of Islamic banking in the West: the case of the United Kingdom -- 2.4.1 The unique financial position of London -- 2.4.2 The danger of the informal Islamic financial institutions (terrorist finance) -- 2.4.3 The attraction of oil wealth -- 2.4.4 Investing and saving the growing wealth of the Muslim minorities -- 2.4.5 Economic globalisation -- Part Two: The theoretical foundation of Islamic banking - the religious, economic and ethical aspects -- 2.5 The ideological background of Islamic banking -- 2.5.1 Islamic theory of the market, money and economy -- 2.5.2 The religious justification of Islamic banking: the prohibition of interest -- 2.5.3 The economic justification of Islamic banking -- 2.5.4 The ethical dimension of Islamic banking -- 3. Legal analysis of the English legal system in comparison to the Islamic legal system -- 3.1 Introduction -- 3.2 The legal structure of both systems: an overview
  • 3.3 The legal sources of both systems: some basic similarities -- 3.3.1 The customary origins of the legal rules -- 3.3.2 The role of the judges (the judicial precedents) -- 3.3.3 The meaning and role of equity principles in both systems -- 3.3.4 Legal presumption as an integrated division of both systems -- 3.4 The role of logic in legal reasoning in both systems -- 3.4.1 Deductive logic -- 3.4.2 Legal analogy -- 3.5 A possible legal interaction between both systems -- 4. The legal description and classification of Islamic banks under the English law -- 4.1 Introduction -- Part One: The legal definition of a 'bank' -- 4.2 The meaning of 'bank' under the UK banking legal framework -- 4.3 The common law definition of a 'bank' -- 4.3.1 The development of the definition of 'banking business' -- 4.3.2 The distinctive characteristics of 'banking business' -- 4.3.3 The elements imposed by the factual circumstances of the business -- 4.4 The statutory definition of 'bank' -- 4.4.1 The UK dimension -- 4.4.2 The EU dimension -- 4.5 The legal status of Islamic banks under the UK banking legal framework -- 4.5.1 Defining Islamic banks in the light of the English case law -- 4.5.2 The description of Islamic banks in view of the statute -- Part Two: Locating Islamic banks in the main banking categories of the UK banking sector -- 4.6 The main categories in the banking market -- 4.6.1 Commercial and merchant 'investment' banks: the nature of the business -- 4.6.2 The impact of economic deregulation on the banking sector -- 4.7 Addressing the position of Islamic banks -- 5. Islamic banks in practice: the operational aspects of Islamic banking -- 5.1 Introduction -- 5.2 The formation of an Islamic bank -- 5.3 The operations of Islamic banks -- 5.3.1 Islamic law doctrines of commerce and contracts -- 5.3.2 The contracts used by Islamic banks: an overview
  • 5.4 The main categories of Islamic banking contract -- 5.4.1 Intermediation contracts -- 5.4.2 Transaction contracts -- 5.5 Legal concerns arising from the finance modes and structure of Islamic banking -- 5.5.1 Corporate governance of Islamic banks -- 5.5.2 The lack of an accurate legal frame for Islamic mortgages -- 5.5.3 Tax law and Islamic banking financial products -- 5.5.4 The legal binding power of the promise in the case of Murabaha agreement -- 5.5.5 Islamic banking cases in the English court: the applied law -- 6. The banking regulatory and supervisory system in the United Kingdom: an overview -- 6.1 Introduction -- 6.2 The unique contribution of banks to the economic fabric of society -- 6.3 The need for banking regulation -- 6.4 The key rationales for banking regulation -- 6.4.1 The cardinal role of banks in the economy: the social and ethical aspects -- 6.4.2 Market imperfections -- 6.4.3 The intertwined nature of the banking sector -- 6.4.4 The vulnerable nature of banking business -- 6.4.5 Systemic risk in the banking sector: the deadly results -- 6.5 The regulator of the banking sector in the United Kingdom -- 6.5.1 The transformation to a formalised regulatory system -- 6.5.2 The unified regulatory system -- 6.6 The regulator's objectives and strategy -- 6.6.1 The regulatory objectives -- 6.6.2 The techniques of the regulator -- 6.7 The international aspect of banking regulations -- 7. The application of Islamic banking under the conventional banking regulation of the United Kingdom: fit or conflict? -- 7.1 Introduction -- 7.2 The rationale for regulation in the case of Islamic banks -- 7.2.1 Islamic banks contribution to the economy -- 7.2.2 Information asymmetry -- 7.2.3 The vulnerable nature of Islamic banking business -- 7.2.4 Islamic banks and systemic risk
  • 7.3 The relationship between Islamic banks and the financial authorities -- 7.3.1 The Financial Services Authority and Islamic banks -- 7.3.2 The Bank of England and Islamic banks -- 7.4 The applicability of the safety-net schemes in the case of Islamic banking -- 7.4.1 Deposit insurance scheme -- 7.4.2 Lender of last resort -- 7.5 The applicability of international banking standards in the context of Islamic banking -- 7.5.1 Islamic banking and Basel Core Principles for Effective Banking Supervision -- 7.5.2 Islamic banks and Basel II -- 8. Islamic banking in Malaysia: the Malaysian case study - a legal analysis -- 8.1 Why is Malaysia an important case study? -- 8.2 The Malaysian economy and its financial system: an overview -- 8.3 An overview of the Malaysian legal system -- 8.3.1 The evolution of Islam -- 8.3.2 British colonisation -- 8.4 Potential differences between Malaysia and the UK in relation to Islamic banking -- 8.4.1 The evolution of Islamic banking in the Malaysian banking system -- 8.4.2 The introduction of the Islamic Banking Act 1983 -- 8.5 Some of the lead legal regulatory challenges regarding Islamic banking: the Malaysian approach -- 8.5.1 Lender of last resort in relation to Islamic banks -- 8.5.2 Deposit insurance scheme -- 8.5.3 Corporate governance in an Islamic banking institution -- 8.5.4 Islamic banking cases in non-Sharia courts: the applied law -- 9. Concluding remarks -- 9.1 Locating Islamic law in the English legal system -- 9.2 The impact of the UK conventional legal framework on Islamic banking -- 9.2.1 The laws that govern the structure and contracts of Islamic banks -- 9.2.2 Prudential banking regulation and international banking standards -- 9.3 Some reflections on the findings -- 9.3.1 The impact on the prosperity of the Islamic banking sector -- 9.3.2 The impact on the Islamic nature of this banking sector
  • 9.4 Some reflections on possible future developments -- Bibliography -- Index
Control code
UMKCLawddaEBC728262
Dimensions
unknown
Edition
1st ed.
Extent
1 online resource (261 pages)
Form of item
online
Isbn
9780203813874
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Note
UMKC Law: DDA record.
Sound
unknown sound
Specific material designation
remote
System control number
  • (MiAaPQ)EBC728262
  • (Au-PeEL)EBL728262
  • (CaPaEBR)ebr10570419
  • (OCoLC)804664034
Label
The Legal and Regulatory Aspects of Islamic Banking : A Comparative Look at the United Kingdom and Malaysia
Publication
Copyright
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
  • Front Cover -- The Legal and Regulatory Aspects of Islamic Banking -- Copyright Page -- Contents -- Acknowledgements -- Table of cases -- Table of legislation -- Table of statutory instruments -- Table of European legislation -- 1. Introduction -- 1.1 An overview -- 1.1.1 Why is the legal aspect important and challenging? -- 1.1.2 What this book aims to do -- 1.2 Structure of the book -- 1.3 A note on terminology and methods -- 2. The historical and ideological background of Islamic banks -- 2.1 Introduction -- Part One: The history and development of Islamic banking -- 2.2 Islamic banking development: an overview -- 2.3 Islamic banking in Muslim countries: back to the roots -- 2.3.1 The role of the religious and political factors -- 2.3.2 The role of the economic factor (the oil wealth of the Gulf countries) -- 2.3.3 The economic adoption of the Islamic banking system in Muslim countries -- 2.4 The growth of Islamic banking in the West: the case of the United Kingdom -- 2.4.1 The unique financial position of London -- 2.4.2 The danger of the informal Islamic financial institutions (terrorist finance) -- 2.4.3 The attraction of oil wealth -- 2.4.4 Investing and saving the growing wealth of the Muslim minorities -- 2.4.5 Economic globalisation -- Part Two: The theoretical foundation of Islamic banking - the religious, economic and ethical aspects -- 2.5 The ideological background of Islamic banking -- 2.5.1 Islamic theory of the market, money and economy -- 2.5.2 The religious justification of Islamic banking: the prohibition of interest -- 2.5.3 The economic justification of Islamic banking -- 2.5.4 The ethical dimension of Islamic banking -- 3. Legal analysis of the English legal system in comparison to the Islamic legal system -- 3.1 Introduction -- 3.2 The legal structure of both systems: an overview
  • 3.3 The legal sources of both systems: some basic similarities -- 3.3.1 The customary origins of the legal rules -- 3.3.2 The role of the judges (the judicial precedents) -- 3.3.3 The meaning and role of equity principles in both systems -- 3.3.4 Legal presumption as an integrated division of both systems -- 3.4 The role of logic in legal reasoning in both systems -- 3.4.1 Deductive logic -- 3.4.2 Legal analogy -- 3.5 A possible legal interaction between both systems -- 4. The legal description and classification of Islamic banks under the English law -- 4.1 Introduction -- Part One: The legal definition of a 'bank' -- 4.2 The meaning of 'bank' under the UK banking legal framework -- 4.3 The common law definition of a 'bank' -- 4.3.1 The development of the definition of 'banking business' -- 4.3.2 The distinctive characteristics of 'banking business' -- 4.3.3 The elements imposed by the factual circumstances of the business -- 4.4 The statutory definition of 'bank' -- 4.4.1 The UK dimension -- 4.4.2 The EU dimension -- 4.5 The legal status of Islamic banks under the UK banking legal framework -- 4.5.1 Defining Islamic banks in the light of the English case law -- 4.5.2 The description of Islamic banks in view of the statute -- Part Two: Locating Islamic banks in the main banking categories of the UK banking sector -- 4.6 The main categories in the banking market -- 4.6.1 Commercial and merchant 'investment' banks: the nature of the business -- 4.6.2 The impact of economic deregulation on the banking sector -- 4.7 Addressing the position of Islamic banks -- 5. Islamic banks in practice: the operational aspects of Islamic banking -- 5.1 Introduction -- 5.2 The formation of an Islamic bank -- 5.3 The operations of Islamic banks -- 5.3.1 Islamic law doctrines of commerce and contracts -- 5.3.2 The contracts used by Islamic banks: an overview
  • 5.4 The main categories of Islamic banking contract -- 5.4.1 Intermediation contracts -- 5.4.2 Transaction contracts -- 5.5 Legal concerns arising from the finance modes and structure of Islamic banking -- 5.5.1 Corporate governance of Islamic banks -- 5.5.2 The lack of an accurate legal frame for Islamic mortgages -- 5.5.3 Tax law and Islamic banking financial products -- 5.5.4 The legal binding power of the promise in the case of Murabaha agreement -- 5.5.5 Islamic banking cases in the English court: the applied law -- 6. The banking regulatory and supervisory system in the United Kingdom: an overview -- 6.1 Introduction -- 6.2 The unique contribution of banks to the economic fabric of society -- 6.3 The need for banking regulation -- 6.4 The key rationales for banking regulation -- 6.4.1 The cardinal role of banks in the economy: the social and ethical aspects -- 6.4.2 Market imperfections -- 6.4.3 The intertwined nature of the banking sector -- 6.4.4 The vulnerable nature of banking business -- 6.4.5 Systemic risk in the banking sector: the deadly results -- 6.5 The regulator of the banking sector in the United Kingdom -- 6.5.1 The transformation to a formalised regulatory system -- 6.5.2 The unified regulatory system -- 6.6 The regulator's objectives and strategy -- 6.6.1 The regulatory objectives -- 6.6.2 The techniques of the regulator -- 6.7 The international aspect of banking regulations -- 7. The application of Islamic banking under the conventional banking regulation of the United Kingdom: fit or conflict? -- 7.1 Introduction -- 7.2 The rationale for regulation in the case of Islamic banks -- 7.2.1 Islamic banks contribution to the economy -- 7.2.2 Information asymmetry -- 7.2.3 The vulnerable nature of Islamic banking business -- 7.2.4 Islamic banks and systemic risk
  • 7.3 The relationship between Islamic banks and the financial authorities -- 7.3.1 The Financial Services Authority and Islamic banks -- 7.3.2 The Bank of England and Islamic banks -- 7.4 The applicability of the safety-net schemes in the case of Islamic banking -- 7.4.1 Deposit insurance scheme -- 7.4.2 Lender of last resort -- 7.5 The applicability of international banking standards in the context of Islamic banking -- 7.5.1 Islamic banking and Basel Core Principles for Effective Banking Supervision -- 7.5.2 Islamic banks and Basel II -- 8. Islamic banking in Malaysia: the Malaysian case study - a legal analysis -- 8.1 Why is Malaysia an important case study? -- 8.2 The Malaysian economy and its financial system: an overview -- 8.3 An overview of the Malaysian legal system -- 8.3.1 The evolution of Islam -- 8.3.2 British colonisation -- 8.4 Potential differences between Malaysia and the UK in relation to Islamic banking -- 8.4.1 The evolution of Islamic banking in the Malaysian banking system -- 8.4.2 The introduction of the Islamic Banking Act 1983 -- 8.5 Some of the lead legal regulatory challenges regarding Islamic banking: the Malaysian approach -- 8.5.1 Lender of last resort in relation to Islamic banks -- 8.5.2 Deposit insurance scheme -- 8.5.3 Corporate governance in an Islamic banking institution -- 8.5.4 Islamic banking cases in non-Sharia courts: the applied law -- 9. Concluding remarks -- 9.1 Locating Islamic law in the English legal system -- 9.2 The impact of the UK conventional legal framework on Islamic banking -- 9.2.1 The laws that govern the structure and contracts of Islamic banks -- 9.2.2 Prudential banking regulation and international banking standards -- 9.3 Some reflections on the findings -- 9.3.1 The impact on the prosperity of the Islamic banking sector -- 9.3.2 The impact on the Islamic nature of this banking sector
  • 9.4 Some reflections on possible future developments -- Bibliography -- Index
Control code
UMKCLawddaEBC728262
Dimensions
unknown
Edition
1st ed.
Extent
1 online resource (261 pages)
Form of item
online
Isbn
9780203813874
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Note
UMKC Law: DDA record.
Sound
unknown sound
Specific material designation
remote
System control number
  • (MiAaPQ)EBC728262
  • (Au-PeEL)EBL728262
  • (CaPaEBR)ebr10570419
  • (OCoLC)804664034

Library Locations

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      500 E. 52nd Street, Kansas City, MO, 64110, US
      39.032488 -94.581967
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