This is now one of the fastest growing sectors within the market place and has, so far, remained on the sidelines of this unrest. Since the inception of Islamic banking thirty years ago the number and reach of Islamic financial institutions worldwide has risen significantly. Institutions offering Islamic financial services constitute a significant and growing share of the financial system in several countries, and market participants everywhere are joining the race to study and be a part of this emerging financial system. The Islamic Banking and Finance Workbook is a one-of-a-kind workbook on the topic, enabling readers to test their understanding of Islamic banking and finance concepts.
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Non-UK prices are provided as a guide and may differ from the exact amount billed. Introduction to Islamic Banking and Finance? Islamic banking is based on Islamic ethical principles, which appear very different from those of the conventional Western banking and finance model.
Islamic banking is consistent with the Sharia? Islamic law also prohibits trading in financial risk, and investment in businesses that are? Whilst this would appear to rule out most aspects of finance, as the creation of money by money is banned, money can be used for trading tangible assets and in businesses that can then generate profits. Whilst a conventional bank is a borrower of funds on the one hand and a lender on the other, Islamic banks are seen as partners with their depositors and borrowers, sharing profits and losses on both sides of the balance sheet.
These and the many other differences between Western banking and Islamic banking are revealed and explained in this book. The book opens with a chapter that explains Muslim beliefs in general, to provide the reader with a greater understanding of the subject of Islam and it impacts on the banking system.
Then several chapters explain various Islamic laws as they relate to banking and finance operations. This is a complex topic. Brian Kettell? This is an essential reference book for students and anyone with an interest in the topic of Islamic banking and finance.
Case Studies in Islamic Banking and Finance
This detailed book highlights how Islamic banking is consistent with the Shariaa and, as such, an important part of the system is the prohibition on collecting interest. This central religious precept appears to rule out most aspects of modern finance but it This book highlights the key characteristics of Islamic banking which differentiate it from conventional banking. This central religious precept appears to rule out most aspects of modern finance but it does allow money to be used for trading tangible assets and business, which can then generate a profit. Islamic banks have been operating in places such as Bahrain, Saudi Arabia, Malaysia and Dubai for some time.
Introduction to Islamic banking and finance
Introduction to Islamic Banking and Finance