By Munawar Iqbal

ISBN-10: 1904339859

ISBN-13: 9781904339854

A concise record for senior executives in funding banks and based items to fast clutch the rules at the back of Islamic finance and know the way to advance items that will conform to Islamic ideas. the newest addition to the preferred danger Books govt studies sequence will provide help to get entangled during this US$300 billion business.

Although the roots of Islamic finance lie in historical Islamic rules, the advance of Islamic finance as an is comparatively new. while traditional advertisement banks offer monetary intermediation providers at the foundation of curiosity (charged and paid), the elemental premise of Islamic finance is the prohibition of curiosity. Islamic bankers have built a few tools that could practice monetary intermediation services with no the involvement of curiosity. From a small banking scan in rural Egypt through the Nineteen Sixties, Islamic finance is at present increasing at a fee of 10-15% each year. It now represents an enormous international perform and the popular channel of banking for one 5th of humanity.

Rapid progress is anticipated for this and Islamic finance deals vibrant clients for these concerned. one of many purposes for this optimism is the massive volume of petro-dollars (estimated to be US$1.3 trillion) at the moment afloat end result of the submit Iraq conflict elevate in oil costs. because of which, the variety of excessive web worthy contributors within the heart East (of whom the bulk are Muslim) has elevated by means of 9.5% during the last few years. therefore there's super scope for constructing and advertising new Islamic monetary tools and Shari’ah compliant cash managers are super good positioned.

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A concise record for senior executives in funding banks and established items to fast snatch the rules at the back of Islamic finance and know the way to enhance items that will conform to Islamic ideas. the most recent addition to the preferred danger Books government studies sequence will show you how to become involved during this US$300 billion company.

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A Guide to Islamic Finance by Munawar Iqbal


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