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Store to discover and explore informative subject material on Islamic Banking and Finance

Islamic Banking: Principles and Practices

by Mohammed Imad Ali & Ikramur Rahman Falahi (Authors)
Rated 3.00 out of 5

About the Authors

Mohammed Imad Ali has spent more than a decade reviewing, structuring and advising on Islamic banking and finance structures and transactions. He is passionate about research and training and has developed and provided multiple training sessions. Imad works closely with an Islamic finance business team and Legal and Compliance functions as an Islamic Control Officer for Citi Islamic Investment Bank which is based in Bahrain. He is the primary contact point for coordination with Citi’s

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Marifa Academy’s first published book titled “Islamic Banking: Principles and Practices” is the result of an extensive collaboration between academicians and practitioners in the field. The book is akin to a practical guide, designed to educate and equip the masses with a bounty of theoretical and practical knowledge via in-depth details and illustrated examples drawn from solidsources and references. Anyone looking to discover the realm of Shariah-based finance will have theirquestions clearly answered in the form of this book. Islamic finance, in the recent years, has witnessed a continued growth across the globe and is becomingwidespread amongst the nations. Individuals, far and wide, are demonstrating theieagerness to learnmore and it is crucial to address their concerns with the right information to avoid ambiguity. It is withthis notion in mind that Marifa Academy had chosen to cater to the newfound interest by taking such a step.

Marifa Academy’s first published book titled “Islamic Banking: Principles and Practices” is the result of an extensive collaboration between academicians and practitioners in the field.

The book is akin to a practical guide, designed to educate and equip the masses with a bounty of theoretical and practical knowledge via in-depth details and illustrated examples drawn from solidsources and references. Anyone looking to discover the realm of Shariah-based finance will have theirquestions clearly answered in the form of this book.

Islamic finance, in the recent years, has witnessed a continued growth across the globe and is becomingwidespread amongst the nations. Individuals, far and wide, are demonstrating theieagerness to learnmore and it is crucial to address their concerns with the right information to avoid ambiguity. It is withthis notion in mind that Marifa Academy had chosen to cater to the newfound interest by taking such a step.

“Islamic Banking: Principles and Practices” comprises of comprehensive content, spanning from the Islam’s fundamental principles, verified sources, history and development of Islamic finance, to the application of various products, innovations and structures utilised in the banking and finance world.

“The level of meticulous care and ingenuity employed by the Marifa team to present the content in a comprehensive manner is highly commendable,” mentioned Shaikh Nizam Yaquby, a prominent Islamic scholar, in his foreword.

CHAPTERS OVERVIEW

1.INTRODUCTION TO ISLAMIC ECONOMICS AND FINANCE

Explains the fundamental principles, differences between Islamic and Conventional Finance and sources of Islamic law. Basic concepts such as Shariah, Fiqh etc are highlighted as well as the evolution of Islamic Finance throughout the years.

2.ISLAMIC FINANCE STRUCTURES

Explains Islamic contracts and the different types of Islamic Finance structures applied along with their origins, legitimacy, mechanisms, flows and practical applications.

3. ISLAMIC RETAIL PRODUCTS

Explains in detail six Islamic Retail products: Home Finance, Vehicle Finance, Personal Finance, Goods Finance, Cards and Accounts and their applications.

4.ISLAMIC CORPORATE PRODUCTS

Explains in detail Islamic Corporate and Investment Banking products and their applications.

5.ISLAMIC TREASURY PRODUCTS

Explains in detail Islamic Corporate and Investment Banking products and their applications.

6.ISLAMIC FUNDS

Explains Islamic Investment funds, their applications, operations, mechanisms and types. The Shariah screening methodology and purification process are also mentioned.

7.SUKUK – ISLAMIC BONDS

Explains in detail the Sukuk origin and history, structures, Shariah conditions to be met, categories, operations and mechanisms.

8.TAKAFUL

Explains in detail the Takaful origin, legitimacy, history, how they are different from Conventional Insurance, models, structures and mechanisms.

9.ZAKAT

Explains Zakat, its legitimacy, conditions, beneficiaries and methods of calculation.

10.WAQF

Explains Waqf, its history and development, features, structures and Shariah conditions to be met.

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Product Details

Hardcover

238 pages

Authors

Mohammed Imad Ali & Ikramur Rahman Falahi

Publisher

Marifa Academy Private Limited; First edition 2016

Language

English

ISBN-10

9352671570

ISBN-13

978-9352671571

Average Customer Review

5.0 out of 5 stars 1 customer

Top Customer Reviews

  1. Shahid Hussain

    Very Informative!

    This book is akin to a practical guide, design to educate and equip the masses with a bounty of theorical and practical knowledge via in-dept details adn illustrated examples drawn from solid sources adn references. Anyone looking to discover the realm of Shariah-based finance will have their questions clearly answered in the form of this book.
    “Islamic Banking: Principles and Practices” comprises of comprehensive content spanning from the Islams fundamental principles, verified sources, history and development of Islamic finance, to the application of various products, innovations and structures utilized in the banking and finance world.

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