Heaven's bankers
Subtitle: inside the hidden world of Islamic finance
By: Harris Irfan
Publisher: Overlook Press
Published: 2015
Language: eng
Number of pages: 347
ISBN-13: 9781468310474
Copyright date: 2014
Subjects: Finance; Banks and banking; Islam
Description: "Islamic finance today is a trillion-dollar industry. It is fast becoming the main way in which large projects get funded globally - such as buildings, aircraft, shipping - and many financial analysts expect Islamic banking assets worldwide to double within five years. In Heaven's Bankers, Harris Irfan provides an authoritative yet entertaining account of how a system of finance invented in the seventh-century Middle East is fast taking over the world of modern banking. The book draws on his first-hand relationships with some of the world's leading bankers, scholars and lawyers, many of whom attend a single mosque in Dubai - the Masjid Al-Samad - the epicentre of today's Islamic finance revolution. It provides a warts-and-all description of the industry; debunks some myths about Islamic finance - such as its perceived relationship with the financing of terrorist activity or its incompatibility with Western values; and asks whether today's Islamic finance industry is true to the fundamental principles of a faith committed to social justice"--Publisher's description.
Notes: Originally published: London : Constable, 2014.

Subtitle from dust jacket.

Includes bibliographical references (pages 323-337) and index.
Table of contents: title: The quiet revolutionaries of Masjid al-Samad; title: The nature of money; title: The gentler face of Londonistan; title: The rocket scientists of Deutsche Bank and the billion-dollar scholar; title: The skunk works specialists; title: The doomsday fatwa; title: Standardizing the industry : accelerating chaos or bringing order?; title: The credit crisis and Islamic finance; title: When Sukuk go bad; title: The regulator strikes back; title: Arbitraging Islam : the great vampire squid arrives; title: The future of Islamic finance.