Subjects:

Islamic Law, Middle East, Other Jurisdictions

Islamic finance has grown exponentially in the last few decades and has reached over 70 countries around the world. The Islamic financial system today comprises a sizeable asset base of about US$ 450 billion and there is evidence of sustained demand for Islamic financial products and services in the global market, with demand outstripping supply.

• Provides an overview of the regulatory structure overseeing the Islamic financial system globally
• Discusses the sources of law and the applied principles of Shari'ah governing Islamic financial products and policies
• An entire chapter is devoted to surveying the laws of several countries in the Muslim world that govern Islamic financial institutions
• This book discusses the Shari'ah standard of contemporary financial business, the roles and functions of a Shari'ah advisory body and the impact of fatwa in Islamic financial practices

Applied Islamic Finance: Law and Practice from a Global Perspective should prove to be a book regularly consulted by banking and finance practitioners, in-house legal counsel, business owners, policy makers and persons responsible for the further development of the Islamic financial system globally.