An Introduction to Islamic Finance: Theory and Practice, 2nd Edition

This timely book offers comprehensive coverage on the fundamental theory of Islamic finance and banking, according to the core concepts of Shariah' law. The authors explain clearly the distinct features of an Islamic financial system and how it compares with conventional systems. There have been a n [...]
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This timely book offers comprehensive coverage on the fundamental theory of Islamic finance and banking, according to the core concepts of Shariah' law. The authors explain clearly the distinct features of an Islamic financial system and how it compares with conventional systems. There have been a number of interesting developments in recent years and the authors discuss these fully, along with emerging issues that will influence future developments in Islamic finance. The recent financial crisis has reignited the debate on development of a risk-sharing financial system such as that required in Shariah Law. The book highlights the underlying principles of risk-sharing of Islam and how it advocates for risk-sharing in the financial transactions. The book also argues that a risk-sharing financial system will also promote greater financial stability.