Wildy logo
(020) 7242 5778

Wildy’s Book News

Book News cover photo

Vol 23 No 5 May/June 2018

Book of the Month

Cover of Drafting Commercial Agreements

Drafting Commercial Agreements

Price: £110.00

Offers for Newly Called Barristers & Students

Special Discounts for Newly Called & Students

Read More ...

Secondhand & Out of Print

Browse Secondhand Online


Lowe legislation jp
Sealy millman 2018 jp
Desmith out now
Luba housing

The Foundations of Islamic Banking: Theory, Practice and Education

Image not available lge
Edited by: Mohamed Ariff, Munawar Iqbal

ISBN13: 9781849807920
Published: April 2011
Publisher: Edward Elgar Publishing Limited
Country of Publication: UK
Format: Hardback
Price: £85.00

After barely half a century of experience, Islamic banking has become established as a new niche industry across the world, offering new and sophisticated financial products designed to be compliant with Islamic legal principles and common law. This comprehensive book explores the theory, principles and practices underpinning this rapidly expanding sector of banking. Expert contributors - including eminent scholars and senior practitioners in the field - examine the roots of the principles of ethical Islamic financial transactions, which have evolved over several millennia, on issues including usury, interest rates, and financial contracting for funding enterprises, mortgages, leasing and other transactions. Regulatory and governance issues are discussed, and the practice and operation of Islamic financial institutions are explained via three distinct case studies. Importantly, the final chapter looks at what steps are being taken to provide professional accreditation to Islamic banking professional personnel, and prescribes requirements for training in this growing industry. This rich and wide-ranging guide to the foundations and fundamental principles of this new form of ethics-based financial practice will prove a fascinating and illuminating read for regulators, practitioners, and scholars in the fields of economics, finance, money and banking.

Image not available lge
Islamic Law
Contents: Preface 1. Introduction to Islamic Financial Institutions Mohamed Ariff PART I: FOUNDATIONS OF ETHICAL FINANCIAL TRANSACTIONS 2. Ethics-based Financial Transactions: An Assessment of Islamic Banking Mohamed Ariff 3. Ethical Principles in Islamic Business and Banking Transactions Mervyn K. Lewis 4. Adapting Understanding of Riba to Islamic Banking: Some Developments Abdullah Saeed PART II: ISLAMIC BANKING PRINCIPLES, REGULATIONS AND GOVERNANCE 5. Development, History and Principles of Islamic Banking Munawar Iqbal 6. Development of Legal Issues of Corporate Governance for Islamic Banking Ishaq Bhatti and Maria Bhatti 7. Corporate Governance and Islamic Banks Michael T. Skully PART III: THE PRACTICE: OPERATING ISLAMIC FINANCIAL INSTITUTIONS 8. Performance of Islamic Banks vs Conventional Banks Mohamed Ariff, Mohammad K. Badar, M. Shamsher and Hassan Taufiq 9. Shari'ah-Consistent Investment Vehicles in Malaysia Kabir Hassan 10. Takaful Insurance: Concept, History and Development Challenges Syed Othman Alhabshi and Shaik Razak PART IV: A DEBATE ON ISSUE OF REWARD FOR PARTING WITH CAPITAL 11. Usury and its Critics: From the Middle Ages to Modernity Constant Mews and Adrian Walsh 12. Riba and Interest in Islamic Banking: A Historical Review Raquib Zaman 13. Tensions in Christian Financial Ethics: A Historical Overview Ibrahim Abraham PART V: EDUCATION AND PROFESSIONAL BANKING ACCREDITATION 14. Human Capital Development in Islamic Banking: Initiatives and Challenges Syed Hamid Aljunid Selected References Index