Guides, Economics, Finance, Politics & Social Sciences, Social Sciences 

In Understanding Islamic Finance Muhammad Ayub introducesall the essential elements of this growing market by providing anin-depth background to the subject and clear descriptions of allthe major products and processes associated with Islamic finance. Key features include:Discussion of the principles of Islamic finance;Introduction to the key products and procedures thatInternational Financial Institutions are using or may adopt to funda variety of clients ensuring Sharī´ah compliance;Discussion of the role Islamic finance can play in thedevelopment of the financial system and of economies;Practical and operational examples that cover deposit and fundmanagement by banks involving financing of various sectors of theeconomy, risk management, accounting treatment, and working ofIslamic financial markets and instruments.This book is not only an important text for all banks andfinancial institutions entering this particular market with acommitment to building Islamic financial solutions, but is alsoessential reading for undergraduate and postgraduate students ofIslamic finance. - from Amzon