A Basic Guide to Contemporary Islamic Banking and Finance

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An Empirical Survey of Individual Consumer, Business Firm and Financial Institution Attitudes towards Islamic Methods of Finance (2008, unknown): “…transaction; and (vi) consideration of justice, a financial transaction should not lead to the exploitation of any party to the transaction [see El-Gamal (2000), Warde (2000), Lewis and Algaoud (2001), Iqbal and Llewellyn (2002), Abdul-Gafoor (2003), Obaidullah (2005) and Iqbal and Molyneux…”
Islamic Versus Conventional Mutual Funds Performance in Saudi Arabia: A Case Study أداء الصناديق الاستثمارية الإسلامية مقارنة بأداء الصناديق الاستثمارية التقليدية في المملكة العربية السعودية: دراسة عملية (2010, background): “Thus, they prohibit selling something that is not owned or that cannot be described in accurate detail in terms of type, size, and amount, El-Gamal (2000). Thus, the trading of futures, warrants, options, as well as short-selling and anything speculative is prohibited.”
Faith-Based Ethical Investing: The Case of Dow Jones Islamic Indexes (2011, unknown): “The Shar ah encourages the use of profit-sharing and partnership schemes, and forbids rib (interest), maysir (gambling and pure games of chance), and gharar (selling something that is not owned or that cannot be described in accurate detail in terms of type, size, and amount) (El-Gamal, 2000).”