The Art of RF (Riba‐Free) Islamic Banking and Finance: Tools and Techniques for Community‐Based Banking, Second Edition

Title: THE ART OF RF (RIBA‐FREE) ISLAMIC BANKING AND FINANCE: TOOLS AND TECHNIQUES FOR COMMUNITY‐BASED BANKING, SECOND EDITION | Print ISBN:9781118770962 |Online ISBN:9781118792551 | DOI:10.1002/9781118792551 | Author: Yahia Abdul-Rahman | Publisher: WILEY | Year: November 21, 2014 | Pages: 545 | file: pdf 
The Art of RF (Riba‐Free) Islamic Banking and Finance: Tools and Techniques for Community‐Based Banking, Second Edition

About this book

Updated and expanded insights into Islamic banking and finance From Yahia Abdul-Rahman-the father of Riba-Free (RF) banking-comes the expanded edition of the definitive resource that offers an understanding for applying Islamic banking and financial practices. No matter what your faith or religious beliefs, the book shows how to take a modern American approach to incorporating Islamic financial principles into banking and investment techniques.
The Art of RF (Riba-Free) Islamic Banking and Finance describes the emergence of a culture of Islamic banking and finance today, which is based on the real Judeo-Christian-Islamic spirit and has proven very effective when compared to 20th century models that use financial engineering and structural techniques to circumvent the Shari'aa Law. The author also reveals information about how fiat money is created, the role of the Federal Reserve, and the US banking system. Abdul-Rahman includes a wealth of real-life examples and offers an analysis of how this new brand of banking and financing yields superior results.

• Offers the fundamentals on Riba-Free (RF) banking
• Shows how to apply RF to everything from joint ventures and portfolio management to home mortgages and personal finance
• Reveals what it takes to incorporate Shariah Law into US financial systems
• Includes information on why RF banking is a socially responsible way to invest

Thoroughly revised and updated, this resource offers a handbook for applying Shari'aa law to American banking and finance.

Description

A detailed look at the fast-growing field of Islamic banking and finance
The Art of Islamic Banking and Finance is a modern American take on what it means to incorporate Islamic finance principles into everyday banking and investment techniques by introducing a new brand of banking for all people of all faiths: The Riba-Free (RF) banking.
The author is considered the father of RF (Islamic) banking in America. He has been a banker and an Imam/scholar for over 40 years in America since 1968. He started the tedious process with a finance company, LARIBA, in Pasadena, California in 1987. This is the first book ever in the field to trace the origins of prohibiting the renting of money at a price called interest rate and over-indulging in debt. The book reviews in great details the theological foundations of prohibiting interest in the Jewish Bible, the Christian Bible, and the Qur'aan. The author then discusses money and how fiat money is created, the role of the Federal Reserve, and the banking system in America. The book also discusses for the first time ever how to include an important aspect of RF (Islamic) finance using commodity indexation and marking the items to be financed to market in order to avoid participating in economic "bubbles." The author discusses how these rules work, how they affect consumer behavior, and how they change the role of the banker/financier.

• Covers a new pioneering model that is based on the Law (Shari'aa) and how it is applied in every transaction from joint ventures and portfolio management to home mortgages and personal financing
• Shows how to incorporate the Law (Shari'aa) into American financing and banking systems
• Points to RF (Islamic) finance and banking as a way to emphasize socially responsible investing

The Art of Islamic Banking and Finance also includes a discussion on the emergence of a culture of RF (Islamic) banking and finance today, which is based on the real Judeo-Christian-Islamic spirit and very effective when compared to twentieth-century models that use financial engineering and structuring techniques to circumvent the Law (Shari'aa). The book also includes case studies based on the actual experience of the author and detailed analysis of the superior results realized by applying this new brand of banking to financing.

About the Author

Dr. Yahia Abdul-Rahman is the CEO and Chairman of the Bank of Whittier, as well as the founder and Chairman of American Finance House: LARIBA, which has offered Islamic finance and banking research and instruments since July 1987. Dr. Yahia has more than forty years of highly diversified experience in the banking and oil and gas industries. His area of expertise lies in international, investment, and Islamic banking, project financing, small- and medium-sized business financing, community banking, bank management, and financial services. Dr. Yahia is the author of many papers on faith-based financing and financial instruments, and he speaks regularly at forums focused on Islamic finance at many universities, including Harvard University and institutions in Egypt, Malaysia, Singapore, Bahrain, Saudi Arabia, Dubai, and Turkey.

 

Table of Content

Preface to the Second Edition Preface: My Story with RF (Islamic) Banking and Finance in America Acknowledgments About the Book Cover

CHAPTER 1
Introduction 1
CHAPTER 2
The Faith-Based Judeo-Christian-Islamic Foundation of the Prohibition
of Interest and the RF (Riba-Free) Banking System 15
CHAPTER 3
The RF Valuation Disciplines of Commodity Indexation and Marking
to the Market 55
CHAPTER 4
The Law: The Judeo-Christian-Islamic Shari’aa 75
CHAPTER 5
Money and Its Creation: The U.S. Federal Reserve System
(Central Banks) and Interest Rates 101
CHAPTER 6
Towards an RF Monetary Discipline: The RF Commodity
Indexation Discipline 137
CHAPTER 7
Civility and Social Responsibility of the RF Banking System 179
vi CONTENTSCHAPTER 8
The Conventional Riba-Based Banking System 207
CHAPTER 9
Comparing RF Banking and Conventional Riba-Based Banking:
What Is the Difference? 247
CHAPTER 10
RF (Islamic) Banking in the Twentieth Century 261
CHAPTER 11
RF Banking Model for the Twenty-First Century:
The LARIBA RF Model 285
CHAPTER 12
Putting the RF Finance Movement and Discipline Together 345
CHAPTER 13
Starting an RF Bank in the United States 361
CHAPTER 14
RF Capital Markets 399
CHAPTER 15
Case Studies 431
CHAPTER 16
RF Credits (Loans) in Contrast to Types of Riba-Based Loans 449
CHAPTER 17
The RF Approach to Handling Troubled and Nonperforming
Credits (Loans) 463
CHAPTER 18
Visions for the Future of RF Banking 471
CHAPTER 19
RF Banking: A New Banking Brand for the Twenty-First Century 483About the Companion Website 487
Index 

DOWNLOAD THIS BOOK: click below or save link as
The Art of RF (Riba‐Free) Islamic Banking and Finance: Tools and Techniques for Community‐Based Banking, Second Edition