This book highlights the Islamic approach towards poverty elimination. Articles included in the volume point out that Islamic institutions such as zakah (obligatory wealth tax), elimination of riba (i
This book provides state-of-the art analysis of banking and financial systems in the Arab world. The early chapters present an overview of Arab economies linking banking and financial sector trends in
This text explains how Islamic banking works and what it offers as an alternative model of financial intermediation. Important questions addressed include: Why Islamic banking started and where it is
The text is the first of its kind on financial engineering and risk management in Islamic finance. It sets out detailed guidelines for financial engineering from an Islamic perspective. The text also
Debt finance involving interest payments - the standard method in the global economy - goes against Qur'anic teaching and Shariah law. Wealth creation is therefore one of the greatest challenges faci
02 One of the crucial factors in economic development is the saving/investment process. In conventional economic systems,the interest rate mechanism is at the heart of that process, however an Islamic
