Understanding Islamic finance /

Ayub, Muhammad, 1951-

Understanding Islamic finance / Muhammad Ayub. - Hoboken, NJ : John Wiley & Sons, c2007. - xxvi, 516 p. : ill. ; 25 cm. - Wiley finance series .

Includes bibliographical references (p. 497-504) and index.

Distinguishing features of the Islamic economic system -- The main prohibitions and business ethics in Islamic economics and finance -- The philosophy and features of Islamic finance -- Islamic law of contracts and business transactions -- Trading in Islamic commercial law -- Loan and debt in Islamic commercial law -- Overview of financial institutions and products: conventional and Islamic -- Murabaha and musawamah -- Forward sales : salam and istisna'a -- Ijarah / leasing -- Participatory modes : shirkah and its variants -- Some accessory contracts -- Application of the system : financing principles and practices -- Sukuh and securitization : vital issues in Islamic capital markets -- Takaful : an alternative to conventional insurance -- An appraisal of common criticism of Islamic banking and finance -- The way forward.

9780470030691 (cloth : alk. paper)


Finance--Islamic countries.
Finance--Religious aspects--Islam.
Economics--Religious aspects--Islam.

HG3368.A6 / A98 2007