JKAU: Islamic Econ., Vol. 29 No. 2, 186 Pages (July 2016)

DOI: 10.4197 / Islec. 29-2

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Contents

KAUJIE Transcription Table

Glossary

Articles

Special Purpose Vehicles and Corporate Ṣukūk: How true is “True Sale”?

Monzer Kahf and Hiba al-Saudi ....................................................................................................................................... 3

Risk-Sharing: The Sole Basis of Islamic Finance? Time for a Serious Rethink

Zubair Hasan ................................................................................................................................................................... 23

Risk and Returns of Sharīʿah Compliant Stocks on the Karachi Stock Exchange

A CAPM and SCAPM approach

Muhammad Hanif, Abdullah Iqbal, and Zulfiqar Shah .................................................................................................. 37

Discussion Forum

The Nature of Money in Modern Economy – Implications and Consequences

Stephen Zarlenga and Robert Poteat ............................................................................................................................... 57

The Nature of Money in Modern Economy – Implications and Consequences

Mabid al-Jarhi ................................................................................................................................................................. 75

The Battle for the Control of Money

Asad Zaman ..................................................................................................................................................................... 81

The Nature of Money in Modern Economy – Implications and Consequences

Jack Reardon ................................................................................................................................................................... 95

The Nature of Money in Modern Economy – Implications and Consequences

Masudul Alam Choudhury ............................................................................................................................................ 101

The Nature of Money in Modern Economy – Implications and Consequences

Philip Molyneux ............................................................................................................................................................ 111

The Nature of Money in Modern Economy – Implications and Consequences

Ahamed Kameel Mydin Meera ..................................................................................................................................... 115

Young Researcher Section

Banking Law and Implementation of Islamic Banking in Kazakhstan

Alfiya R. Salikhova........................................................................................................................................................ 121

The Legal Maxims of Islamic Law (Excluding Five Leading Legal Maxims) and Their Applications in Islamic Finance

Buerhan Saiti and Adam Abdullah ............................................................................................................................... 139

How Islamic is Islamic Bank in Indonesia?

Aslam Mei NW, Marimin, Idqan Fahmi, Irfan Syauqi Beik ......................................................................................... 153

Book Review

Muhammad Akram Khan: What is Wrong with Islamic Economics?

Reviewed: Valeed Ahmad Ansari ................................................................................................................................. 169

Guidelines for Contributors ....................................................................................................................................... 177

Cumulative Index for last Five Years ........................................................................................................................ 183


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9/4/2018 1:11:35 PM