Understanding Islamic Finance
In Understanding Islamic Finance Muhammad Ayub introduces all the essential elements of this growing market by providing an in-depth background to the subject and clear descriptions of all the major products and processes associated with Islamic finance.
Key features include:
This book is not only an important text for all banks and financial institutions entering this particular market with a commitment to building Islamic financial solutions, but is also essential reading for undergraduate and postgraduate students of Islamic finance.
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Bottom comment well said its worthless no valuable information
Another conscious misinterpretation of the Shariah aimed at justifying the haram institution of Islamic Banking. This book, like many others of the kind, ignores the amal of the ahl al-Madinah, that is, the economic and social model of Islam or muamalat. Without the contextual practice on which the hadith occurs, a one-sided interpretation takes place with monumental overseeing of how the Islamic model works. For example, there is no understanding of the importance of Dinar and Dirham and the unlawfulness of politically enforced paper currencies of the modern constitutionalist-nationalist-capitalist modern States. There is also a complete overseeing of the unlawful practice of fractional reserve in banking institutions. In addition complete misunderstanding of Islamic commercial and business contracts in order to 'comply' with banking necessities. Overall, a completely useless book only to be remembered as how some modernist/secular Muslims attempted to 'islamised' capitalism. Not worth the paper it was written on.
The Main Prohibitionsand BusinessEthics in Islamic
The Philosophy and Features of Islamic Finance
Murabaha and Musawamah
AND THE ECONOMIC ROLE
ShirkahanditsVariants 12 1 INTRODUCTION
JOINT STOCK COMPANIES
Some Accessory Contracts 13 1 INTRODUCTION 13 2 WAKALAH AGENCY 13 3 TAWARRUQ
5 THE NEED FOR ISLAMIC BANKS AND NBFIS
Vital Issues in Islamic Capital
An Alternative to Conventional Insurance
An Appraisal ofCommon Criticismof IslamicBanking