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Islamic Finance and the Shari`ah: The Dow Jones Fatwa and Permissible Variance as Studies in Letheanism and Legal Change

The following is the table of contents of Islamic Finance and the Shari'ah: The Dow Jones Fatwa and Permissible Variance as Studies in Letheanism and Legal Change.  This book was published in December of 2013 and is available Amazon and at Dr. McMillen's CreateSpace page.  A more detailed discussion of that book can be found at Discussion of Book - Islamic Finance and the Shari'ah. Please see Dr. McMillen's author page on Amazon.

ISBN-13:  978-1494717292
ISBN-10:  10-1494717298

From time to time the Publisher offers discounts on this publication.  See Publisher's Discounts on IFIP Publications under the tab Bespoke Publications and Discounts.  In addition, bulk purchase discounts are available, as discussed in Bulk Purchase Discounts under the tab Bespoke Publications and Discounts.

Foreward: by Sheikh Yusuf Talal DeLorenzo

Preface.    

     A.  Of Camels, Date Palms and Developmental Modalities
          1.  This Book: General Topics, Substrate Data Set
          2.  The Story
          3.  The Complexities
          4.  Scientific Method: First Lights
          5.  Scientific Method: Radical Realizations
          6.  Morals of the Story
     B.  A Matter of Usage
     C.  Practices, Views and Responsibilities

Prefatory But Pervasive Concepts
Wave and Particle

Part I:  The Context

1.  Objectives and Organization

     A.  Objectives
     B.  Organization

2.  Modern Islamic Finance

     A.  Introduction
     B.  Interregnum to Revival and Recovery
     C.  Seven Critical Factors
     D.  Transformation and Adaptation
     E.  Onward: Historical Lessons   

3.  The Critique

     A.   Introduction
     B.   Issues and Criticisms of Shafi'ian Modality

4.  In Search of an Interpretive Modality

     A.    Langdell and Classical Legal Thought
     B.    Shafi'ianism

Part II:  The Shari'ah and Its Interpretation

5.  The Shari'ah

     A.  Overview of the Shari'ah
     B.  Shari'ah Interpretation in Islamic Finance

6.  Shari'ah Scholars and Boards

     A.  Transactional and Entity Roles
     B.  Shari'ah Scholars as Jurisconsults
     C.  Contemporary Shari'ah Boards

7.  The Fatwa

Part III:  DJIMI Fatwa and Sequelae

8.  The Developmental Challenge

9.  Alternative Data Set and Foundational Examples

10. The DJIMI Fatwa

      A.    The Concept of Variance or Impurity
      B.    Instrument and Business Activity Screens
      C.    Financial Screens
      D.    Removal, Disposition, Continuing Review and Improvement

11.  First Sequelae: Other Balance Sheet Tests

12.  Second Sequelae: Operating Statement Tests

13.  Third Sequelae: Bifurcated Structures - Ijara

      A.    Introduction
      B.    Development of the Bifurcated Structure
      C.   The Transactional Lease Structure

            1.  Structure and Lease
            2.  Additional Shari'ah Documents
            3.  Tax Matters Agreement
            4.  Collateral Security

14. Fourth Sequelae: "Primary Business" Principles in Non-Equity Contexts

15. Fifth Sequelae: Variance Principles Not Set Forth in the DJIMI Fatwa

     A.    Introduction
     B.    Occupational and Tenant Leases
     C.    Single Islamic Tranche Structures

16. Sixth Sequelae: Purification

17. Murabaha Transactions

     A.  True Murabaha and Vector Murabaha Transactions
     B.  Critic's Murabaha Construct

Part IV:  Issues and Conclusion

18.  Intent

19. Formalism and Realities

20. Discretion

21. Complexities and Transaction Costs

      A.  The Relevant Standard: Intention and Purpose; Tolerance
      B.  Complexities
      C.  Transaction Costs

22. Social Justice and Policy

23. Interpretive Modalities

24. Conclusion

Bibliography

Index
















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