Islamic Finance For Dummies

Front Cover
John Wiley & Sons, Aug 3, 2012 - Business & Economics - 384 pages
A detailed look at the fast-growing field of Islamic banking and finance

The global Islamic finance market is now worth about $700 billion worldwide. Islamic Finance For Dummies helps experienced investors and new entrants into Islamic finance quickly get up to speed on this growing financial sector.

Here, you'll find clear and easy-to-understand information on how you can incorporate Islamic finance products into your investment portfolio. You'll quickly and easily: become acquainted with the theory, practice, and limitations of Islamic banking; understand how to develop products for the Islamic financial industry; grasp the objectives and sources of Islamic law and the basic guidelines for business contacts; learn about Islamic fund management and insurance; and much more.

  • Coverage of the role Islamic finance can play in the development of the financial system and of economies
  • Addresses the risks and rewards in Islamic banking
  • The future prospects and opportunities of the Islamic finance industry

With the help of Islamic Finance For Dummies, you'll discover the fast and easy way to tap into the booming Islamic finance arena.


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Promoting a responsible freemarket
Introducing IslamicFinancial Institutions Realizing Why Islamic FinanceIs in Demand
Being wary of radicalism
The History of Islamic Finance
Establishing the Islamic Development Bank Opening otherIslamic banks
Touring the Islamic Finance Industry Looking at CurrentIslamic Financial Institutions Islamic banks
Murabaha cost plus funds
Screening Stocks forIslamic Investments
Islamic Indexes
Developing New Methods forManaging Market Risk
Reviewing how conventionalbonds work Realizing how sukuk differ
Sukuk alijara leasebased sukuk
Reporting Corporate Governance and Supervision
Walking through theBalance Sheet

Considering the Impactof theGlobal CreditCrises
Dealing withregulatory andtax issues
Introducing Islamic Commercial Law Chapter 5 Adhering toIslamic Commercial Ethics Considering the RoleofBusiness Ethics
Connecting Islamic Values to the World of Commerce
of sharia
Classifying Contracts
Reviewing the Functions of Commercial Banks
Studyingthe Structure ofaCommercial Bank
Working with Debt Instruments Borrowing Funds fromOther Banks
Discovering What Islamic Financial Products Are Available
Leasing or renting ijara
Deferred payment sale bay almuajil
Eyeing the Origins ofthe Islamic Capital Market Pioneering Islamic investment funds
Diversifying with theSukuk Islamic Bond Market
Investigating the Income Statement
Applying Specific Accounting Standards
Meeting the Stakeholders of Islamic Financial Institutions
Implementing BasicElements ofGood Islamic Finance Governance
The first two decades of
Managing Risk in Islamic Financial Institutions
Minimizing credit risk
Dealing with Risks Unique to Islamic Finance
Seeing how retakaful works
The Industry Is Poised for Growth
Reducing Economic Disparity
Promoting Simplicity andTransparency Connecting Financial Markets and Economic Activity

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About the author (2012)

Faleel Jamaldeen, DBA, is the founder and editor of the Islamic Finance Expert website ( He is an Assistant Professor at Effat University, Jeddah, Saudi Arabia, where he teaches courses in conventional finance, Islamic finance, and accounting.

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