Islamic Finance For Dummies
A detailed look at the fast-growing Islamic banking and finance sectorHere, you'll find clear and easy-to-understand information on how the Islamic finance industry works. You'll quickly and easily: become acquainted with the theory, practice, and limitations of Islamic banking; understand how Islamic financial firms develop products; grasp the objectives and sources of Islamic law and the basic guidelines for business contracts; learn about Islamic fund management, sukuk, and insurance; and much more.Islamic finance 101 — get a crash course on the fundamentals and key principles of the Islamic finance industryGet to know sharia — discover how Islamic law, known as "sharia," influences Islamic business practices and commercial contractsEye up the operations — find out how an Islamic commercial bank's function, structure, supervision, and products differ from those of a conventional bankFilter funds by Islamic criteria — grasp the fairly recent development of Islamic capital markets that feature sharia-compliant equity products (and the screening process that ensures assets are compliant)Consider corporate governance — get the 4-1-1 on the governance typically found at Islamic financial institutions and how it compares to a conventional firmOpen the book and find:The concepts and principles of Islamic financeWhat you need to know about Islam and the role of shariaIslamic ethics in the finance industryThe relationship between conventional and Islamic banksFinancial products available from Islamic banks and other firmsManaging risk in Islamic financial institutionsPlain-English guidance on Islamic insuranceLearn to:Compare and contrast this financial sector to the Western modelSee how concepts of social justice apply to Islamic financial productsGrasp Islamic fund management and insurance