This new and exciting book, Islamic Banking and Finance describes that business as it is practiced today. It also provides some background as to why special modes of finance are needed in the Islamic world. Of all the many religions, Islam is the only one today that requires that banking and other financial activities are carried out in a way that is compatible with its laws.

Contents of the book include:

* Foundations of Islamic Finance
* Operations of Islamic Banks
* Shari'a Compliance and Legal Issues
* Financing Instruments and their Funding
* Risk Management of Islamic Financial Instruments
* Islamic Accounting Standards
* Regulation of Islamic Financial Institutions
* International Islamic Banking
* Major Islamic Financial Institutions
* Islamic Financial Centres
* Islamic Bonds
* Takaful
* Future Prospects