The Foundations of Islamic Banking

Theory, Practice and Education

Edited by Mohamed Ariff, Chair of Economics and Finance, Sunway University, Malaysia and Munawar Iqbal, Professor, King Abdul Aziz University, Saudi Arabia and Chief of Research, IRTI, Islamic Development Bank

After barely half a century of experience, Islamic banking has become established as a niche industry across the world, offering new and sophisticated financial products designed to be compliant with Islamic legal principles and common law. This comprehensive book explores the theory, principles and practices underpinning this rapidly expanding sector of banking.

‘Mohamed Ariff and Munawar Iqbal have put together a significant and useful body of productive thinking that will be of use to both academics and practitioners. . . This book is a very good collection of scholarly papers, well worth reading and reflecting upon. It will undoubtedly help students, academics and practitioners to improve their understanding of Islamic financial institutions and Islamic financial markets. It will be equally useful to specialists in economics, finance, money and banking because it combines a comprehensive discussion of theoretical aspects of the Islamic financial market with very rigorous empirical analysis.’
– Toseef Azid, The Muslim World Book Review

‘This wide-ranging guide to the foundations and fundamental principles of this new form of ethics-based financial practice will be of interest for regulators, practitioners, and scholars in the fields of economics, finance, money and banking.’
– Islamic Horizons

2012 296 pp Paperback 978 0 85793 740 7 £35.00 £28.00 $56.00 $44.80
2011 296 pp Hardback 978 1 84980 792 0 £100.00 £90.00 $145.00 $130.50

Elgaronline 978 1 84980 793 7

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