Islamic Finance

Principles and Practice, Second Edition

2nd edition

Hans Visser, Professor Emeritus of Money and Banking and International Economics, School of Business and Economics, Vrije Universiteit Amsterdam, the Netherlands

This thoroughly updated and revised second edition analyses the ideas behind Islamic finance, the forms Islamic finance has taken in practice and the tension between the two that may occasionally arise. Along with an expanded section on the history of the ban on interest, this second edition contains a much more extensive discussion of investment and savings accounts, sukuk and tawarruq.

‘Professor Hans Visser’s acclaimed 2009 volume on Islamic finance provided unquestionably one of the best, yet succinct, accounts of the subject. This fully up-to-date and rewritten second edition is set to maintain this standard. Despite growing competition in an ever-expanding field, Professor Visser’s well-organized book stands apart by the thoroughness of the research into new developments in Islamic finance, coupled with the clarity of the writing and clear-headed analysis.’
– Mervyn Lewis, University of South Australia

‘Hans Visser’s book is a clear, concise and well-organized introduction to Islamic finance. This second edition not only updates the original work, but provides a much more detailed treatment of the forms of Islamic finance. The controversies surrounding many Islamic financial contracts are explained in a refreshingly objective manner. The disadvantages as well as the advantages of Islamic finance are candidly addressed. The book is highly recommended for postgraduates taking Islamic finance courses, as well as for financial professionals seeking to broaden their knowledge.’
– Rodney Wilson, Durham University, UK

2015 256 pp Paperback 978 1 78347 148 5 £21.60 £27.00 $33.56 $41.95
2013 256 pp Hardback 978 1 78100 173 8 £111.60 £85.00 $111.60 $124.00

Elgaronline 978 1 78100 174 5

Edward Elgar Publishing Ltd. is registered in the UK at: The Lypiatts, 15 Lansdown Road,
Cheltenham, Glos GL50 2JA. Registered number: 2041703

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