In "Understanding Islamic Finance" Muhammad Ayub introduces all the
essential elements of this growing market by providing an in-depth
background to the subject and clear descriptions of all the major
products and processes associated with Islamic finance.
Key features include: Discussion of the principles of Islamic
finance; Introduction to the key products and procedures that
International Financial Institutions are using or may adopt to fund
a variety of clients ensuring Sharīah compliance; Discussion of the
role Islamic finance can play in the development of the financial
system and of economies; Practical and operational examples that
cover deposit and fund management by banks involving financing of
various sectors of the economy, risk management, accounting
treatment, and working of Islamic financial markets and
instruments.
This book is not only an important text for all banks and
financial institutions entering this particular market with a
commitment to building Islamic financial solutions, but is also
essential reading for undergraduate and postgraduate students of
Islamic finance.
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