I. Best practice -- Instruments. Viewpoint: Shariah law -- bringing a new ethical dimension to banking / Amjid Ali --- Islamic modes of finance and the role of Sukuk / Abdel-Rahman Yousri Ahmad --- Introduction to Islamic financial risk management products / Qudeer Latif and Susi Crawford --- Islamic insurance markets and the structure of Takaful / Suzanne White --- Identifying the main regulatory challenges for Islamic finance / Bilal Rasul --- Risk management of Islamic finance instruments / Andreas Jobst --- Sukuk issuance and issues in purchase undertakings / Barry Cosgrave --- Auditing Islamic financial institutions / Roszaini Haniffa --- Islamic finance litigation / Kilian Balz ---- II. Best practice -- Markets. Islamic capital markets: the role of Sukuk / Rodney Wilson --- Capital adequacy requirements for Islamic financial institutions: key issues / Edib Smolo and M. Kabir Hassan --- The international role of Islamic finance / Andreas Jobst --- Investment risk in Islamic finance / Kamal Abdelkarim Hassan and Hassan Ahmed Yusuf --- Middle east and north Africa region: financial sector and integration / Samy Ben Naceur and Chiraz Labidi --- Managing Shariah-compliant portfolios: the challenges, the process, and the opportunities / John A. Sandwick --- Small and medium-sized enterprises and risk in the Gulf Cooperation Council countries: managing risk and boosting profit / Omar Fisher --- Bankruptcy resolution and investor protection in Sukuk markets / Kamal Abdelkarim Hassan and Muhammad Kholid --- Procedures for reporting financial risk in Islamic finance / Daud Vicary Abdullah and Ramesh Pillai --- The emergence and development of Islamic banking / Umar Oseni and M. Kabir Hassan --- Islamic finance and the global financial crisis / Bilal Rasul ---- III. Checklists -- Instruments. Alternatives to Riba in Islamic finance -- Key Islamic banking instruments and how they work -- Key principles of Islamic finance -- Murabahah sale instruments and their applications -- An overview of Shariah-compliant funds -- Possibilities for Shariah-compliant derivatives -- The role of the Shariah advisory board in Islamic finance -- Sukuk: Islamic bonds -- Takaful insurance ---- IV. Checklists -- Markets. Business ethics in Islamic finance -- Islamic commercial law -- Islamic equity funds -- Islamic joint ventures -- Islamic law of contracts -- Islamic microfinance -- managing risk in Islamic finance -- Regulatory and capital issues under Shariah Law ---- V. Country profiles. Shariah Law: an international perspective -- Algeria -- Bahrain -- Bangladesh -- Brunei -- Egypt -- Indonesia -- Iran -- Iraq -- Israel and the Palestinian territories -- Jordan -- Kuwait -- Lebanon -- Libya -- Malaysia -- Morocco -- Pakistan -- Qatar -- Saudi Arabia -- Syria -- United Arab Emirates.