Research and Markets: Introduction to Islamic Banking and Finance

DUBLIN--(BUSINESS WIRE)-- Research and Markets (http://www.researchandmarkets.com/research/05f09f/introduction_to_is) has announced the addition of John Wiley and Sons Ltd's new book "Introduction to Islamic Banking and Finance" to their offering.

"Introduction to Islamic Banking and Finance" is a succinct guide to the key characteristics of Islamic banking highlighting how these differ from conventional banking.

This detailed book illustrates how Islamic banking is consistent with the Sharia'a, a key element of which is the prohibition on collecting and paying interest. This central religious precept appears to rule out most aspects of modern finance but it does allow money to be used for trading tangible assets and business, which can then generate a profit.

Brian Kettell's book looks at all aspects of Islamic banking, including chapters on its creation and evolution through to detailed discussions of the issues involved in the Sharia'a contracts of Murabaha, Mudaraba, Musharaka, Ijara, Istisna'a, and Salam.

Islamic insurance (Takaful) is also covered. Finally the book takes a look at Sharia'a law and Sharia'a boards, indicating the roles and responsibilities that come with membership.

Key Topics Covered:

1. Muslim Beliefs

2. Sharia'a Law and Sharia'a Boards: Roles, Responsibility and Membership

3. Definition of Islamic Banking

4. Murabaha as a Mode of Islamic Finance

5. Mudaraba as a Mode of Islamic Finance

6. Musharaka as a Mode of Islamic Finance

7. Ijara as a Mode of Islamic Finance

8. Istisna'a as a Mode of Islamic Finance

9. Salam as a Mode of Islamic Finance

10. Takaful: Islamic Insurance

Author:

Brian Kettell has a wealth of practical experience in the area of Islamic banking and finance. He worked for several years as an Advisor for the Central Bank of Bahrain where he had numerous Islamic banking responsibilities.

For more information visit http://www.researchandmarkets.com/research/05f09f/introduction_to_is

Research and MarketsLaura Wood, Senior Manager
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Source: Research and Markets