Cover -- Title Page -- Copyright -- Contents -- Acknowledgments -- Selected List of Acronyms -- Introduction -- Chapter 1 The Islamic Economist/Activist -- Early Influences: Muhammad Iqbal, Muhammad Asad, and Sayyid Abul A'la Mawdudi -- Operationalising Islam: Sayyid Abul A'la Mawdudi and Jama'at-e-Islami -- Milestone: First International Conference on Islamic Economics -- International Influence: Islamic Economics as an Academic Discipline -- Spreading the Message Abroad: Europe and the Islamic Foundation in the United Kingdom -- Islamisation of the Pakistani Economy -- Islamic Economics versus the Narrow Pursuit of Profit -- Forty Years On: The Wood for the Trees -- The Last Word -- Chapter 2 The Very First Mover -- Always Begin at the Beginning -- Dubai: The Environment -- Dubai Islamic Bank: Early Response -- First Islamic Banking Conference-May 1979, Dubai -- Development and Challenges -- DIB, UAE, and Corporate Governance -- Hajj Saeed, Dubai, and the Islamic Economy -- Forty Years On -- The Last Word -- Chapter 3 The Well of Influence -- Germination -- Catalysis: The Establishment of Dar Al-Maal Al-Islami -- The Business of DMI: Navigating Uncharted Waters -- Current Holdings -- Forty Years On: "The Aura Is Much Bigger than the Reality'' -- "The Muslim World Went to Sleep'' -- "Eventually, I Think, Everybody Will Become a Salafi'' -- The Last Word -- Chapter 4 Steadily Spreading the Blessings -- Spreading the Baraka -- Gone West: Al Baraka in the United Kingdom -- Advancing the Islamic Economy -- Islamic Megabank -- World Zakat Fund -- The Halal Industry -- Ask Not What the Community of Islamic Countries Can Do for You -- Forty Years On: Mechanisms over Maqasid -- The Last Word -- Chapter 5 The Systematic Rise of a National Industry -- Lead-up to the 1981 Decision -- Influence #1: Tabung Haji.

Influence #2: Tunku Abdul Rahman, the OIC, and the IDB -- Influence #3: Prince Mohamed Al Faisal Al Saud -- National Steering Committee and Establishing Bank Islam -- Building an Industry Systematically -- Setting the Pace and Character of Overall National Economic Development -- Phase 1: 1983 to 1993-Establishment and Entrenchment -- Shari'ah-Compliant Financial Instruments -- Phase II: 1993 to 2000-Liberalisation and Expansion -- On Growth and Development -- Islamic Capital Market: Malaysia as a Global Sukuk Leader -- A Model Nation for Islamic Finance -- Phase III: 2000 and Beyond-Internationalisation -- The Better System -- Thirty Years On: And Still Much More to Be Done -- The Last Word -- Chapter 6 The Islamic Economist -- The Second Stage of Islamic Economics -- Risk Transfer and the Global Financial Crisis -- Advancing Risk Sharing for the Benefit of All Humanity -- "In Islam, the 'Other' Doesn't Exist'' -- IMF and Islamic Finance -- Forty Years On: The Wood for the Trees -- Building the Roads to a Better Economy -- The Last Word -- Chapter 7 The Global Standard-Setter -- Accounting for a New Paradigm -- AAOIFI: A Landmark in the History of Modern Islamic Finance -- Setting the Standards -- IFSB: Working with the Regulators -- Changing the Landscape: Integrating Islamic Finance into the Global Financial Architecture -- Twenty Years of Setting Standards for Islamic Finance -- Moving Forward -- The Last Word -- Chapter 8 The Shari'ah Scholar -- The Role of Shari'ah Scholars in Islamic Financial Institutions -- What Is Shari'ah Compliance? -- Shari'ah Compliance for an Ethical Society -- Second-Generation Shari'ah Scholars -- On Training Shari'ah Scholars for Islamic Finance: Climb the Stairs One by One -- Two Boards, Three Boards, Four Boards, Five. How Many Is Too Many?.

Great Strides in Islamic Finance: The Contribution of Shari'ah Scholars -- "Monumental Fatwa": Dow Jones Islamic Market Index -- Forty Years On: The Wood for the Trees -- The Last Word -- Chapter 9 The Lawyer -- Many Firsts -- "The United States Is Probably the Second Largest Islamic Finance Market in the World" -- "The United States Is One of the Easiest Places in the World to Do a Shari'ah-Compliant Deal" -- Consulting and Structuring Deals Worldwide -- Critical Factors for the Development of Islamic Finance -- Code of Conduct: Lawyers and Shari'ah Scholars -- Sheikh Muhammad Taqi Usmani Sukuk Pronouncement -- On Freely Circulating Fatawa -- 101: On Wholesale and Retail -- Maqasid al Shari'ah and the Non-Muslim Islamic Finance Lawyer -- Seventeen Years On: The Woods for the Trees -- The Last Word -- Chapter 10 The Equity Capital Market Man -- Building Indices and Benchmarks for the Global Industry -- Global Viability: Outperforming Conventional Indices and Averting Enron -- Wherefore the Pulse?: Shari'ah-Compliant and Shari'ah-Based Indices -- Gaps and Disconnects -- Major Disconnect: On Information -- The United States of America, Islam, and Islamic Finance -- The Halal Industry -- The Last Word -- Chapter 11 More than the Sum of Its Parts: Forty Years of Islamic Finance -- Growth beyond Expectations -- My Shari'ah, Your Shari'ah: What Is So Authentically Islamic about This System? -- A Viable Business Model -- Beyond Banking and Finance: The Islamic Economy -- The Last Word: Commitment to the Islamic Basis as a Better Way -- Glossary -- References -- About the Author -- Notes -- Index.