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eBook - ePub
Introduction to Islamic Banking and Finance
About this book
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.
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Please note we cannot support devices running on iOS 13 and Android 7 or earlier. Learn more about using the app.
Yes, you can access Introduction to Islamic Banking and Finance by Brian Kettell in PDF and/or ePUB format, as well as other popular books in Business & Islamic Banking & Finance. We have over one million books available in our catalogue for you to explore.
Information
Table of contents
- Cover
- Series
- Title Page
- Copyright
- Dedication
- Preface
- About the Author
- Chapter 1: Muslim Beliefs
- Chapter 2: Sharia'a Law and Sharia'a Boards: Roles, Responsibility and Membership
- Chapter 3: Definition of Islamic Banking
- Chapter 4: Murabaha as a Mode of Islamic Finance
- Chapter 5: Mudaraba as a Mode of Islamic Finance
- Chapter 6: Musharaka as a Mode of Islamic Finance
- Chapter 7: Ijara as a Mode of Islamic Finance
- Chapter 8: Istisna'a as a Mode of Islamic Finance
- Chapter 9: Salam as a Mode of Islamic Finance
- Chapter 10: Takaful: Islamic Insurance
- Appendix 1: Comparative Features of Islamic Financing Techniques
- Appendix 2: Top 500 Islamic Institutions 1–73
- Glossary
- Bibliography
- Index