Islamic Banking & Finance: Principles, Instruments & Operations, 2nd Edition

Since its emergence, the phenomenal growth of the islamic banking and finance industry has been experienced by most countries which have sought to develop it. Its rapid global growth has generated many questions about its conceptual basis and ethics in different jurisdictions. many end-users, however, have now become critical about the foundations of Islamic banking and finance, and by necessary extension,about its product and facilities. The number of cases and disputes brought before the court of law, questioning the legality. of these products, and the diverse and at time conflicting decisions by judges thereon, is but one indicator as to how fast or how far thoughts, perceptions and understanding about Islamic banking and finance have advanced and metamorphosed.

This book, first published in 2012, provides readers with an extensive, critical, and up-to-date information on Islamic banking and finance. This second edition, like the first, emerges amidst rapid development in the industry and has been fine-tuned to not only update the material, but also to reappraise the various topics. There have been many new development in the field since the first publication and the authors have taken this on board whenever deemed relevant. Several new chaptershave been added on the latest developments in the field covering areas such as:Islamic Financial Services Act 2013, the Goods and Services Tax (GST), Shari'ah Advisory Council, and Waqf, to name but a few. All in all, this second edition is an all-embracing work covering all major aspects of Islamic banking and finance.

Divided into 36 Chapters, and authored by 32 experts from around the globe, the book should appeal to a wide range of readers, not least members of the Malaysian Bench and Bar, members of the Islamic banking and financial instituations, and the academics.