Islamic Financial System: Principles & Operations

The Islamic Financial System: Principles & Operations (2nd Edition) textbook marks another milestone of a collaborative effort between prominent scholars and practitioners of the Islamic finance industry. It sheds light on the front-line issues faced by the Islamic finance industry with academic rigor. Each chapter in the book is complete with figures, diagrams, tables, case studies, exhibits, a set of review questions and problems and a list of references for further reading. It offers invigorating discussion on a comprehensive range of topics related to Islamic finance, combining both theoretical foundations and operational aspects.  Among the key topics covered in this book include:

• Shari'ah contracts for Islamic finance

• Islamic banking operations and instruments

• Islamic money market

• Sukuk market

• Islamic equity market

• Takaful and Retakaful

• Risk management

• Islamic derivatives and hedging

• Legal and regulatory framework for Islamic finance

• Corporate and Shari'ah governance

• Accounting, auditing and taxation