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Title: Islamic banks and financial institutions: a study of their objectives and achievements.
Authors: Fayaz Ahmad Lone. 
Keywords: Islamic banking and finance.
Issue Date: 2016
Publisher: Palgrave Macmillan
Abstract: Islamic Finance is an important emerging market. During the last ten years it has shown tremendous growth, one estimate has it growing 15 per cent year on year. More and more universities are now introducing Islamic finance courses to develop the human resources for this emerging market. Many countries have changed their economic policies to boost Islamic finance and necessary amendments have been made to banking laws to increase the size of the market. Taking these issues into consideration, this book has been written to help the reader understand how to develop products for the Islamic financial industry; grasp the objectives and sources of Islamic law and the basic guidelines for business contacts; learn about Islamic contracts and insurance; and much more. The author has created an authoritative and original reference work that will contribute to a wider understanding of Islamic banking as well as provoking further discussion and research. This is a reason why it will be invaluable to all scholars, researchers and policymakers with an interest in this subject. The book is comprehensive in its coverage of Islamic banking and finance and will be a useful sourcebook for students, researchers, banks, financial institutions, Shariah advisors and the general reader. The chapter on Islamic Finance Objectives is particularly important as it assesses whether Islamic banking is achieving its objectives or not. The author has collected data from Malaysia and United Arab Emirates. The book seeks to present the perceptions of stakeholders about the objectives and their achievements in a scientific way. In addition to this, updated information about Islamic finance market from before the nineteenth century to the present day is communicated in order to highlight its growth and potential world market. Islamic banking products and services like Musharakah, Mudarabah, Ijara,Sukuk, Takaful, Istisna, Salam, etc. have been explained in detail while taking account of the great changes and developments in these products in recent times. The Operating Structure of Islamic Banks is explained in detail. The author has paid particular attention to clarity of expression in order that complex concepts can be understood quickly.
Appears in Collections:UNITEN Energy Collection

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