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 financial system and of economies;
* Practical and operational examples that cover deposit and fund
management by banks involving financing of various sectors of the
economy, risk management, accounting treatment, and working of
Islamic financial markets and instruments.
This book is not only an important text for all banks and
financial institutions entering this particular market with a
commitment to building Islamic financial solutions, but is also
essential reading for undergraduate and postgraduate students of
Islamic finance.
Circa l’autore
MUHAMMAD AYUB is Director Training, Development and
Shari’ah Aspects at IIBI, London. Formerly, he was with the
State Bank of Pakistan (central bank) where he headed the Islamic
Economics Division and Shari’ah Compliance Division as Senior
Joint Director in the Research and Islamic Banking Departments. He
also served as Head of Islamic Banking at NIBAF, the training wing
of SBP. Besides contributing a large amount of material, he has
been serving as Master Trainer on theory and practice of Islamic
finance.
For last two decades, he has been involved in R&D for
facilitating I.B. Industry, Products Development, IB Prudential
regulations, Risk management and Shari’ah related controls
and audit of Islamic banking institutions. This, along with his
association with various Commissions set up from time to time on
application of Islamic banking system, has lent him a pragmatic and
balanced approach, a prerequisite for presenting such a book.