CONTENTS

 

Volume I

 

#

Title of Papers

Page #

1

Requisite for Sustainable Development from an Islamic Perspective (Arabic Paper) by Abdelrahman Yousri

1

 

Comment by Seif el-Din Tag-el-Din

33

 

Comments by Hashim Awad

39

2

The Role of Islamic Financial Institutions in the Sustainable Development Programs by Abul Hassan

47

 

Comments by A. H. Sadeq

79

 

Comments by Victor Murinde

87

3

Population Pressure, Savings, Investment and Growth in the Islamic World: Some Empirical Evidence by Hossein Pirasteh

91

 

Comments by Ramzan Akhtar

113

 

Comments by Asad Zaman

117

4

Poverty in Nigeria: Towards an Islamic Solution by Sule Ahmed Gusau

123

 

Comments by Abdel Hamid El-Ghazali

N/A

 

Comments by Elmi Noor

163

5

Financial Development and Economic Growth in the Middle East by Abdel-Hameed Bashir

171

 

Comments by Mohammad Akacem

203

 

Comments by Cherif Guermat

209

6

The Implications of Globalization for Islamic Finance by Rodney Wilson

213

 

Comments by Yahia Abdel Rahman

229

 

Comments by Mohammed Finaish

N/A

7

Analysis of Relationship between Interest-free Financial System and Sustainable Development: Case of Iran by Yadollah Dadgar

235

 

Comments by Kazim Sadr

255

 

Comments by Rizwan Tahir

261

8

Implementing No-interest Banking System, Monetary Policy Controllability and the Monetary Aggregate-economics Goals Link in Iran by Karim Eslamloueyan

263

 

Comments by Shahid Ebrahim

285

 

Comments by Iraj Toutounchian

287

9

International Economic Framework and Its Deleterious Effects on the Development of Muslim Countries: Towards a New Approach by Toseef Azid

295

 

Comments by Mohammed Ariff

345

 

Comments by Murat Cizakca

349

10

Islamic Financial System and Economic Growth: An Assessment by Habib Ahmed

355

 

Comments by Syed Tahir

377

 

Comments by Humayoun A. Dar

381

 

 

Volume II

 

11

The Role of Islamic Banks in Economic Growth: The Case of Jordan by Said Al Hallaq

385

 

Comments by Khaled Al-Meshal

399

 

Comments by Ahmad S. BaMakhrama

401

12

Efficiency of Islamic Banks in Malaysia by Nor Ghani Md. Nor

405

 

Comments by Zubair Hasan

417

 

Comments by Shamim Siddiqui

425

13

Problems of Post-Conflict Society on It’s Path Towards Sustainable Development: Lessons from Bosnia and Herzegovina by Fikret Hadzic

431

 

Comments by Volker Nienhaus

455

 

Comments by Adam Farhat Khan

465

14

The Impact of the Wakalah System on the Performance of Takaful Business in Malaysia by Hairul Azlan Annuar

493

15

Salam as a Mode of Finance in Malaysia: An Analysis of Risk-Taking Bahaviour of Contracting Parties by Hamdan Hj Ismail

533

 

Comments by Abdel Rahim Saati

559

 

Comments by Hussain Hamid Hassan

N/A

16

The Islamic Substitutes for Conventional Bonds by Abdel Lateef Janahi

563

17

Financing Sustainable Infrastructure: Lessons to be Drawn from Hub Power Pakistan by Zulqarnain Hussain Anjum

615

 

Comments by A. R. Kemal

635

 

Comments by Monzer Kahf

639

18

The Role of Islamic Finance for Industrial Projects in the State of Kuwait by Javed Hussain

643

 

Comments by Ridha Sadallah

677

 

Comments by Mashour Mourad

687

19

Corruption and Development: An Islamic View by Yousif Khalifa Al-Yousif

689

 

Comments by Fazlur Rehman Faridi

703

 

Comments by Mohammed Sakr

707

20

Fighting Corruption in Muslim Countries: The Role of Government Auditor by Muhammad Akram Khan

713

 

Comments by Waqar Masood Khan

N/A

 

Comments by Hatem Al-Qaranshawi

747

 

Volume III

 

21

Economic Development, Openness to Trade and Environmental Sustainability in Developing Countries by Savas Alpay

751

 

Comments by Ibrahim Warde

769

 

Comments by Usamah A. Uthman

775

22

Optimal Sharing Contracts by Sami Al-Suwailem

777

 

Comments by Adiwarman A. Karim

819

 

Comments by Nadeemul Haque

831

23

Shari'ah Principle for Deficit Financing Policy: General Theoretical Indicators (Arabic Paper) by Omar Abdelaziz Al-‘Ani

835

 

Comments by Monzer Kahf

871

24

Wafa Al-Qard Bain Al-Ada Wa Al-Ibra (Arabic Paper) by Mudar Nazar Al-‘Ani

877

 

Comments by Shawqi Dunya

907

 

Comments by Rafic Al-Masri

913

25

Return Volatility, Predictability and Dynamic Relationships in the OIC Stock Markets by M. Kabir Hassan

923

 

Comments by Salman Syed Ali

955

 

Comments by Muhammad Ibrahim Al-Suhaibani

959

26

Stakeholders Model of Governance in Islamic Economic System by Zamir Iqbal

963

 

Comments by M. Umer Chapra

981

 

Comments by Mohammed Obaidullah

987

27

Derivative Instruments in Commodity Markets: An Islamic Analysis by Muhammad Al-Bashir Muhammad Al-Amine

991

 

Comments by Mohammed Ali Elgari

1037

 

Comments by Zafar Iqbal Kayani

1041

28

Fiqhi Issues in Commodity Futures by Mohammad Hashim Kamali

1045

 

Comments by Abdel Nasir Abu Al-Basel

1075