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Understanding Islamic Finance: 458 Hardcover – 26 October 2007

4.3 out of 5 stars 8 ratings
Edition: 1st

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Product description

From the Publisher

MUHAMMAD AYUB is Director Training, Development and Shari?ah Aspects at IIBI, London. Formerly, he was with the State Bank of Pakistan (central bank) where he headed the Islamic Economics Division and Shari?ah Compliance Division as Senior Joint Director in the Research and Islamic Banking Departments. He also served as Head of Islamic Banking at NIBAF, the training wing of SBP. Besides contributing a large amount of material, he has been serving as Master Trainer on theory and practice of Islamic finance.
For last two decades, he has been involved in R&D for facilitating I.B. Industry, Products Development, IB Prudential regulations, Risk management and Shari?ah related controls and audit of Islamic banking institutions. This, along with his association with various Commissions set up from time to time on application of Islamic banking system, has lent him a pragmatic and balanced approach, a prerequisite for presenting such a book.

From the Inside Flap

"Muhammad Ayub has provided the most comprehensive treatment to date of the contracts, products and systems used in Islamic finance. He explores how the concepts are rooted in the Islamic economic system in a way that will appeal to academics while at the same time giving a coherent account of the products that finance practioners should find helpful."
Professor Rodney Wilson, Director of Postgraduate Studies, Durham University

"The author has rendered a great service to the field of Islamic finance through this painstaking encyclopedic effort that could have only been undertaken by a dedicated scholar-teacher-trainer like Dr Ayub. This detailed compilation of the views of the four majority jurisprudential schools of thought in Islam on matters relating to financial transactions, presented and explained in clear language and applied to contemporary developments in Islamic banking and finance, is highly useful to students and practitioners of Islamic finance. The book is of particular significance for financial engineers who wish to design financial instruments compatible with the requirements of Islamic jurisprudence"
Dr Abbas Mirakhor, Executive Director, IMF Washington DC

"Understanding Islamic Finance is the fruit of many years of hard work by the author based on his understanding of Islamic law and the principles of Islamic economics. Islamic economic system being a rule-base system can be understood very well when viewed as a set of contracts. Therefore, this book provides the vital bridge between the legal foundation and the theory of economic and financial systems in Islam. This bridge helps the reader better understand Islamic finance."
Dr Zamir Iqbal, World Bank, Washington DC

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Product details

  • Publisher ‏ : ‎ Wiley; 1st edition (26 October 2007)
  • Language ‏ : ‎ English
  • Hardcover ‏ : ‎ 544 pages
  • ISBN-10 ‏ : ‎ 0470030690
  • ISBN-13 ‏ : ‎ 978-0470030691
  • Dimensions ‏ : ‎ 17.78 x 3.81 x 25.15 cm
  • Customer Reviews:
    4.3 out of 5 stars 8 ratings

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izhar kha
5.0 out of 5 stars but I think few topics in the beginning is repeated again and again like gharar, riba
Reviewed in the United Kingdom on 2 February 2015
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qaiser nadeem
5.0 out of 5 stars Five Stars
Reviewed in the United Kingdom on 19 November 2014
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IF Student
5.0 out of 5 stars A Great Place to Start for those seeking a deeper understanding
Reviewed in the United States on 12 April 2015
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Mohamad EL-Bawab
4.0 out of 5 stars Excellent Book
Reviewed in the United States on 21 March 2009
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5.0 out of 5 stars Five Stars
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