An Introduction to Islamic Finance: Theory And Practice

The global demand for an ethical form of investing has led to a major boom in Islamic banking and finance. Banks such as HSBC and Citibank have announced their ambition to become major players in the market. For newcomers to this burgeoning marketing, An Introduction to Islamic Finance offers an excellent overview of the principal concepts from two well-known figures in Islamic finance.

This book explains the fundamental principles and functions of an economic, banking and financial system operating under Shariah (Islamic Law). Numerous tenets of Islam - from social justice, equality, preservation of property rights, sanctity of contracts and the prohibition of Riba (interest) - are discussed with relation to the economic behavior of individuals, society and state.

Zamir Iqbal and Abbas Mirakhor who are affiliated with the World Bank and the International Monetary Fund (IMF) respectively, bring their theoretical knowledge and experience of economics, finance and banking to provide valuable insights to the fast growing Islamic financial services industry.

An Introduction to Islamic Finance offers a comprehensive and practical guide for anyone interested in Islamic finance and banking, and the enormous potential it holds.