The expert contributors examine why an ethical foundation is important and why the system requires well-thought-out regulations to ensure outcomes that protect the community�s well-being. The volume explores in detail the nature of Islamic banking prod
Following an initial volume, The Foundations ofIslamic Banking. Theory, Practice
and Education, 2011, the first volume in the series dealt with a specialized area,
namely The Islamic Debt Marketfor Sukuk Securities (2012). The present book is
...
After barely half a century of experience, Islamic banking has become established as a new niche industry across the world offering new and sophisticated financial products designed to be compliant with the principles of Islamic legal principles and common law. This comprehensive book explores the theory, principles and practices underpinning this rapidly expanding sector of banking. Expert contributors ¿ including eminent scholars and senior practitioners in the field ¿ examine the roots of the principles of ethical Islamic financial transactions, which have evolved over several millennia, on issuesincluding usury, interest rates, financial contracting for funding enterprises, for mortgages, for leasing and other financial transactions. Regulatory and governance issues are discussed, and the practice and operation of Islamicfinancial institutions are explained via three distinct case studies. Importantly, the final chapter looks at what steps are being taken to provide professional accreditation to Islamic banking professional personnel, and prescribes requirements for training in this growing industry.
Subsequent writings also on the practices of Islamic banking have made
important contributions, on the one hand to the evolution of new forms of Islamic
business enterprises and on the other to conceptual development of Islamic
modes and ...
THE ISLAMIC DEVELOPMENT BANK AND ECONOMIC DEVELOPMENT OF
SOUTHEAST ASIAL M.A. Mannan Introduction This paper attempts to (a) provide
a brief overview of the functions of the Islamic Development Bank (IDB) and its ...
