1.

Record Nr.

UNINA9910143823103321

Autore

Ayub Muhammad <1951->

Titolo

Understanding Islamic finance / / Muhammad Ayub

Pubbl/distr/stampa

Hoboken, NJ, : John Wiley & Sons, c2007

ISBN

9786611319090

9780470687710

0470687711

9781119209096

1119209099

9781281319098

1281319090

9780470724101

0470724102

Edizione

[1st ed.]

Descrizione fisica

1 online resource (544 p.)

Collana

Wiley finance series

Disciplina

332.0917/67

Soggetti

Finance - Islamic countries

Finance - Religious aspects - Islam

Economics - Religious aspects - Islam

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references (p. 497-504) and index.

Nota di contenuto

Distinguishing features of the Islamic economic system -- The main prohibitions and business ethics in Islamic economics and finance -- The philosophy and features of Islamic finance -- Islamic law of contracts and business transactions -- Trading in Islamic commercial law -- Loan and debt in Islamic commercial law -- Overview of financial institutions and products: conventional and Islamic -- Murabaha and musawamah -- Forward sales : salam and istisna'a -- Ijarah / leasing -- Participatory modes : shirkah and its variants -- Some accessory contracts -- Application of the system : financing principles and practices -- Sukuh and securitization : vital issues in Islamic capital markets -- Takaful : an alternative to conventional insurance -- An appraisal of common criticism of Islamic banking and finance -- The way forward.



Sommario/riassunto

In Understanding Islamic Finance Muhammad Ayub introduces all the essential elements of this growing market by providing an in-depth background to the subject and clear descriptions of all the major products and processes associated with Islamic finance. Key features include:Discussion of the principles of Islamic finance;Introduction to the key products and procedures that International Financial Institutions are using or may adopt to fund a variety of clients ensuring Shari ́ah compliance;Discussion of the role Islamic finance can play in the development of the finance