Understanding Islamic Finance

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Understanding Islamic Finance by Muhammad Ayub explores the principles and practices of Islamic finance, delving into the ethical underpinnings and prohibition of interest in financial transactions. It covers various Islamic financial products and structures, such as mudarabah and sukuk, while examining their applications in modern finance. The book offers insights into how Islamic finance adheres to Shariah law, providing an alternative model to conventional finance systems.
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Format: Hardback
$10299
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Book Hero Magic created this recommendation. While it's new and still learning, it may not be perfect - your feedback is welcome! IS THIS YOUR NEXT READ?

You might enjoy this book if you're interested in gaining a comprehensive understanding of Islamic financial principles and practices. It offers insights into the foundations of Islamic finance, including key concepts, structures, and modern applications, making it ideal for professionals, students, or anyone curious about the ethical and cultural dimensions of finance in the Islamic world.

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Understanding Islamic Finance

In Understanding Islamic Finance Muhammad Ayub introduces all the essential elements of this growing market by providing an in-depth background to the subject and clear descriptions of all the major products and processes associated with Islamic finance.

Book Hero Magic formatted this description to make it easier to read. While it's new and still learning, it may not be perfect - your feedback is welcome! Description
In Understanding Islamic Finance, Muhammad Ayub introduces all the essential elements of this growing market by providing an in-depth background to the subject and clear descriptions of all the major products and processes associated with Islamic finance.

Key features include:

  • Discussion of the principles of Islamic finance;
  • Introduction to the key products and procedures that International Financial Institutions are using or may adopt to fund a variety of clients ensuring SharΔ«Β΄ah compliance;
  • Discussion of the role Islamic finance can play in the development of the financial system and of economies;
  • Practical and operational examples that cover deposit and fund management by banks involving financing of various sectors of the economy, risk management, accounting treatment, and working of Islamic financial markets and instruments.

This book is not only an important text for all banks and financial institutions entering this particular market with a commitment to building Islamic financial solutions, but is also essential reading for undergraduate and postgraduate students of Islamic finance.

Series: The Wiley Finance Series

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Book Details

INFORMATION

ISBN: 9780470030691

Publisher: John Wiley & Sons Inc

Format: Hardback

Date Published: 26 October 2007

Country: United States

Imprint: John Wiley & Sons Inc

Audience: Professional and scholarly

DIMENSIONS

Spine width: 38.0mm

Width: 178.0mm

Height: 252.0mm

Weight: 1057g

Pages: 544

About the Author

MUHAMMAD AYUB is Director Training, Development and Shari’ah Aspects at IIBI, London. Formerly, he was with the State Bank of Pakistan (central bank) where he headed the Islamic Economics Division and Shari’ah Compliance Division as Senior Joint Director in the Research and Islamic Banking Departments. He also served as Head of Islamic Banking at NIBAF, the training wing of SBP. Besides contributing a large amount of material, he has been serving as Master Trainer on theory and practice of Islamic finance.
For last two decades, he has been involved in R&D for facilitating I.B. Industry, Products Development, IB Prudential regulations, Risk management and Shari’ah related controls and audit of Islamic banking institutions. This, along with his association with various Commissions set up from time to time on application of Islamic banking system, has lent him a pragmatic and balanced approach, a prerequisite for presenting such a book.

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