Understanding Islamic Finance

With a total population of more than a billion Muslims worldwide and an estimated industry size of $250 billion, Islamic finance is serious business for Muslims and non-Muslims alike. In recent decades, Islamic finance has emerged as one of the most important trends in the financial world, with many western banks, such as Citibank, Lloyds, and Barclays, entering, or attempting to enter, the market.

'Understanding Islamic Finance' is the first practical introduction to Islamic finance, combining the theory and practice of Islamic finance with related economic principles. The book covers the fundamentals of the Islamic world view, the philosophy and features of Islamic financial systems, Islamic modes of business and finance, and the role of Islamic finance in economic development.