Islamic Finance For Dummies Paperback - 2012 - 1st Edition

From the rear cover

Learn to:

• Compare and contrast this financial sector to the Western model
• See how concepts of social justice apply to Islamic financial products
• Grasp Islamic fund management and insurance

A detailed look at the fast-growing Islamic banking and finance sector

Here, you'll find clear and easy-to-understand information on how the Islamic finance industry works. You'll quickly and easily: become acquainted with the theory, practice, and limitations of Islamic banking; understand how Islamic financial firms develop products; grasp the objectives and sources of Islamic law and the basic guidelines for business contracts; learn about Islamic fund management, sukuk, and insurance; and much more.

• Islamic finance 101 -- get a crash course on the fundamentals and key principles of the Islamic finance industry
• Get to know sharia -- discover how Islamic law, known as "sharia," influences Islamic business practices and commercial contracts
• Eye up the operations -- find out how an Islamic commercial bank's function, structure, supervision, and products differ from those of a conventional bank
• Filter funds by Islamic criteria -- grasp the fairly recent development of Islamic capital markets that feature sharia-compliant equity products (and the screening process that ensures assets are compliant)
• Consider corporate governance -- get the 4-1-1 on the governance typically found at Islamic financial institutions and how it compares to a conventional firm

Open the book and find:

• The concepts and principles of Islamic finance
• What you need to know about Islam and the role of sharia
• Islamic ethics in the finance industry
• The relationship between conventional and Islamic banks
• Financial products available from Islamic banks and other firms
• Managing risk in Islamic financial institutions
• Plain-English guidance on Islamic insurance