Contents

English Section

Articles
Islamic Versus Conventional Mutual Funds Performance in Saudi Arabia: A Case Study
          Hesham Merdad, M. Kabir Hassan, Yasser Alhenawi ………….......………… 161

Discussion Paper
The Dynamics of The Shari’ah and The World-System
          Masudul Alam Choudhury …………………………………….………......…….. 201

Discussion Forum
A rejoinder by masudul alam choudhury to the comment on: Masudul alam choudhury:
Islamic critique and alternative to Financial engineering issues
          Comment by: Zubair Hasan …………………………….………..…………........ 231

Book Review
Muhammad Nejatullah Siddiqi: Maqasid-e Shari`at (Objectives of the Shariah)
          Reviewed by: Abdul Azim Islahi …………………………..…………......…..…. 237

                                                                    Arabic Section
Articles
The Reality of the Application of Base II Accord Requirements by Islamic Banks
          Roukia Bouhaider, Mouloud Laraba ….……...…………..……..………..…........ 50

Discussion Paper
The Cost of Finance in the Conventional Banks and Islamic Banks: Comparative Study
          Mohamed Boudjellal and Chaouki Bourakba ………………....………………… 82
Gharar Management in Islamic Insurance
          Abdul Rahim A. Al-Saati ……………………………………………………....... 122

Discussion Forum
Discussing the book of Economic Miracles in the Quran
          Abdul Rahim A. Al-Saati ……………….………...………………....…..…......... 125

Book Review
Mohammad Said Al-Boti: Guidelines of advantage (Maslahah) in the Shari'ah
          Reviewed by: Rafic al-Masri ……………………………….…..……………..... 149