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(Issue 70-71)
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| Comment |
Compendium
of Shariah Rulings
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| Feature |
Accounting
Standards in Islamic Banks
Professor Trevor Gambling explains that axiomatic
accounting and normative accounting regulations fit well
with the general Islamic ethos of a universal law that
is applicable under all circumstances. However accounting
legislation and quasi-legislation, and accounting theory
have developed to accord with secular ideas of business
practice. |
|
Riba
|
The
Prohibition of Interest in Iran since the Revolution,
M A Ansari-Pour looks at the legality of Interest
before the revolution, the prohibition of interest under
present Iranian law, and exceptions to the prohibition
from the point of view of Iranian law and Shiite jurisprudence.
The status of the loan contract, in which interest is
included expressly or by implication as a condition is
also examined. |
|
Capital
Adequacy
|
Capital
Adequacy Norms for Islamic Financial Institutions.
Since in conventional banks capital alone provides a buffer
for absorbing potential losses inherent in the bank's
normal business, bank regulators focus on capital adequacy.
Dr Mohammed Obaidullah examines the relevance of
the existing norms of capital adequacy for Islamic financial
institutions |
| Islamic
Banking |
Islamic
Banking Grows with Indonesian Economy With the Bait
Al-Maal Wa At Tamwil co-operative providing banking
services for small business entities, which normally
would be too insignificant to be bankable, and the every-increasing
number of Shariah Rural Banks, Zainul Arifin
looks at the encouraging growth of Islamic banks in
Indonesia.
|
| Internet |
Islamic
Banking and Finance Pages on the Internet With 50
million users already on-line - with usage growing at
60 per cent per quarter - the internet is proving a vital
and excellent information resource tool. Reza Adil
finds that Islamic banking has indeed managed to get
a substantial foothold in the World Wide Web phenomenon.
Here he reviews some of the sites, and lists some of the
most useful and important links. |
| IIBI
Forum |
IIBI
Shariah Scholars provide answers to questions and issues
pertinent to Islamic banking
|
| IIBI
News |
Report on Institutes Activities
|
| News
Monitor |
New
Horizon reports on recent developments within the Islamic
financial world
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