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 client (more…)
After reading this book it seems to be one of the more comprehensive books on the subject in the English language. It presents more than just structuring, normative concerns, or lip-service to the industry. A good starter for any interested in the field, it has its pit-falls but is still good to begin with.
“This book is by far one of the best that has been published on the topic of Islamic finance and banking.” – Choice”This is a timely book providing an analytical critique of contemporary Islamic Finance by a leading Muslim scholar…. an important contribution.” – International Journal of Middle East Studies
“This book is by far one of the best that has been published on the topic of Islamic finance and banking.” – Choice”This is a timely book (more…)
One of the higher level books in this field, the author presents information in a tight academic style of writing, pointing out various points of strength and weakness in the field of Islamic finance, as well as presenting theories on the “form vs. function” debate. These theories, although not always received as well as they should be by some practitioners, are certainly definitely worth further research and vetting before their dismissal
Attached is a book review I wrote for the Journal of Islamic Economics.