http://www.loc.gov/mods/v3 http://www.loc.gov/standards/mods/v3/mods-3-2.xsd
1 online resource (xxvi, 516 pages) : illustrations.
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:Discussion of the principles of Islamic finance;Introduction to the key products and procedures that International Financial Institutions are using or may adopt to fund a variety of clients ensuring Shari ́ah compliance;Discussion of the role Islamic finance can play in the development of the financ.
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.
Includes bibliographical references (pages 497-504) and index.