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:

* 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 financial system and of economies;

* Practical and operational examples that cover deposit and fund
management by banks involving financing of various sectors of the
economy, risk management, accounting treatment, and working of
Islamic financial markets and instruments.

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.