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Islamic Banking and Finance in the European Union

A Challenge

'As an introduction to the complex issue of harmonization of legal and regulatory structure of the European financial system and Islamic finance, this is a useful and welcome volume. the ideas, insights and practical issues addressed in the informed papers that compose the book should be valuable for academics and students of finance, and to those who provide legal and financial services. the book will be helpful also to European regulators who have yet to appreciate the importance of Islamic finance and its potential contribution to financial globalization as well as to European economic growth.' - Abbas Mirakhor, Former Executive Director, International Monetary Fund, US

This timely book examines the authorization of ShariÕah-compliant intermediaries as either credit institutions or as investment companies in the European Union.