A detailed look at the fast-growing Islamic banking and finance sector
Here, you'll find clear and easy-to-understand information on how the Islamic finance industry works. You'll quickly and easily: become acquainted with the theory, practice, and limitations of Islamic banking; understand how Islamic financial firms develop products; grasp the objectives and sources of Islamic law and the basic guidelines for business contracts; learn about Islamic fund management, sukuk, and insurance; and much more.
- Islamic finance 101 — get a crash course on the fundamentals and key principles of the Islamic finance industry
- Get to know sharia — discover how Islamic law, known as "sharia," influences Islamic business practices and commercial contracts
- Eye up the operations — find out how an Islamic commercial bank's function, structure, supervision, and products differ from those of a conventional bank
- Filter funds by Islamic criteria — grasp the fairly recent development of Islamic capital markets that feature sharia-compliant equity products (and the screening process that ensures assets are compliant)
- Consider corporate governance — get the 4-1-1 on the governance typically found at Islamic financial institutions and how it compares to a conventional firm
Open the book and find:
- The concepts and principles of Islamic finance
- What you need to know about Islam and the role of sharia
- Islamic ethics in the finance industry
- The relationship between conventional and Islamic banks
- Financial products available from Islamic banks and other firms
- Managing risk in Islamic financial institutions
- Plain-English guidance on Islamic insurance
Learn to:
- Compare and contrast this financial sector to the Western model
- See how concepts of social justice apply to Islamic financial products
- Grasp Islamic fund management and insurance