Islamic banking is based on principles derived from Islamic law
(Shariah) and guided by Islamic economics.
The primary focus of Islamic banking is to promote financial
inclusion and responsible growth in the global economy while
maintaining adherence to the principles of Shariah-compliant
finance.
This book provides an authoritative introduction to the principles,
practices, laws, regulations, governance, and compliance applicable
to Islamic banking.
It explains the concept of Islamic finance and its main components:
sukuk (Islamic bonds), ijarah (leasing), murabahah (cost plus
financing), tawarruq (monetization) and mudarabah (profit sharing);
reviews recent developments in relevant Shariah frameworks;
examines risk management strategies for banks and investors;
presents case studies of how legal experts have resolved operational
matters; discusses emerging technologies such as blockchain and
big data analytics; outlines corporate governance best practices for
listed companies; examines supervisory requirements put forth by
international organizations such as the Financial Stability Board;
offers guidance on compliance with the Basel Accords III & IV,
FATCA, MiFID II/MiFIR rules, CRS obligations and more.
Finally, it looks at how countries are adapting their laws to
accommodate needs related to promoting responsible growth in this
form of finance.
This guidebook is an essential source for anyone seeking an up-todate understanding of Islamic banking today.