Islamic Finance: Why It Makes Sense: Understanding Its Principles and Practices

by Vicary, David

• ISBN13: 9789812615992
• ISBN10: 9812615997
• Format: Paperback
• Copyright: 2010-09-01
• Publisher: Natl Book Network

Summary

Though small in comparison with conventional finance, Islamic finance is at the threshold of serious expansion, growing at between 15 20 per cent a year. Yet the wealth potential of Islamic finance is far from being its most attractive feature. What is most compelling about Islamic finance are its ethical principles and strong corporate governance based on Shariah law. This book explains how conventional financial products work from mortgages and leases to trade finance and insurance before delving into their Islamic versions.

Table of Contents

Preface	p. viii
Acknowledgements	p. ix
Foreword	p. x
Why Islamic Finance?	p. 1
Understanding Islam and Muslims	p. 21
Basic Islamic Finance Principles	p. 41
An Overview of Islamic Finance Contracts	p. 61
Building an Islamic Finance Framework	p. 75
How Financial Markets Work	p. 95
Saving and Spending	p. 117
Financing (Based on Debt)	p. 133
Financing (Based on Leasing)	p. 157
Other Islamic Financing Methods	p. 179
Insurance	p. 205
Investing	p. 223
Trade Financing	p. 249
Prospects: Ordinary or Extraordinary	p. 263
Glossary of Terms Used	p. 275
Index	p. 296
Selected References	p. 303
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