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Author Kettell, Brian
Title Introduction to Islamic Banking and Finance
Imprint Hoboken : John Wiley & Sons, Incorporated, 2011
book jacket
Edition 1st ed
Descript 1 online resource (194 pages)
text txt rdacontent
computer c rdamedia
online resource cr rdacarrier
Series The Wiley Finance Ser. ; v.594
The Wiley Finance Ser
Note Intro -- Introduction to Islamic Banking and Finance -- Contents -- Preface -- About the Author -- Muslim Beliefs -- Sharia'a Law and Sharia'a Boards: Roles, Responsibility and Membership -- Definition of Islamic Banking -- Murabaha as a Mode of Islamic Finance -- Mudaraba as a Mode of Islamic Finance -- Musharaka as a Mode of Islamic Finance -- Ijara as a Mode of Islamic Finance -- Istisna'a as a Mode of Islamic Finance -- Salam as a Mode of Islamic Finance -- Takaful: Islamic Insurance -- Appendix 1 Comparative Features of Islamic Financing Techniques -- Appendix 2 Top 500 Islamic Institutions 1-73 -- Glossary -- Bibliography -- Index
Introduction to Islamic Banking and Finance is a succinct guide to the key characteristics of Islamic banking highlighting how these differ from conventional banking. This detailed book illustrates how Islamic banking is consistent with the Sharia'a, a key element of which is the prohibition on collecting and paying interest. 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. Brian Kettell's book looks at all aspects of Islamic banking, including chapters on its creation and evolution through to detailed discussions of the issues involved in the Sharia'a contracts of Murabaha, Mudaraba, Musharaka, Ijara, Istisna'a, and Salam. Islamic insurance (Takaful) is also covered. Finally the book takes a look at Sharia'a law and Sharia'a boards, indicating the roles and responsibilities that come with membership. Islamic banks have been operating in places such as Bahrain, Saudi Arabia, Malaysia and Dubai for some time. Conventional bankers have traditionally viewed the sector as a small, exotic niche but recent years have seen a dramatic surge in popularity. A number of Western investment banks have started working with Muslim clerics to create new ranges of financial products designed for devout Muslims, a large and growing market. Although estimates of the size of the Islamic finance industry vary greatly, everyone agrees that it is expanding rapidly and this is the perfect book for anyone looking to understand the industry
Description based on publisher supplied metadata and other sources
Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2020. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries
Link Print version: Kettell, Brian Introduction to Islamic Banking and Finance Hoboken : John Wiley & Sons, Incorporated,c2011 9780470978047
Subject Banking law (Islamic law);Banks and banking -- Islamic countries
Electronic books
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