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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 tgheir ambition to become major players in the market. For newcomers to this burgeoning marketing, An Introduction to Islamic Finance: Theory and Practice offers an excellent overview of the princial concepts from two-known figures in Islamic Finance.
This book explains the fundamental principles and functions of an economic, banking and financial system operating under Shariah. Numerous tenets of Islam - from social justice, equality, preservation of property rights, sanctity of contracts and the problem of Riba (interest) - are discussed with relation to the economic behaviour of individuals, society and state.
An Introduction to Islamic Finance:Theory and Practice offers a comprehensive and practical guide for anyone interested in Islamic Finance and Banking, and the enourmous potential it holds.