Modern Islamic Banking: Products and Processes in Practice (The Wiley Finance Series) - Hardcover

Schoon, Natalie

Hardcover

ISBN 10: 1119127203 ISBN 13: 9781119127208

Publisher: Wiley, 2016

Synopsis

A complete, detailed guide to modern Islamic banking fundamentals Modern Islamic Bankingprovides a comprehensive, up-to-the-minute guide to the products, processes and legal doctrines underlying Islamic banking. Written by a pioneering practitioner in the field, this book provides thorough guidance and expert-level perspective on the principles and applications of this alternative-banking model. You'll begin by learning the fundamentals, vocabulary and key concepts of Islamic banking, then explore key products including istisna'a, murabaha, musharaka, ijara, sukuk, and salam. Coverage then moves into practical applications of Islamic products to a variety of contexts including asset management, treasury, risk management, venture capital, SME finance, micro-finance and taxation. Regulatory frameworks are discussed in detail, including extensive coverage of post-financial crisis Islamic bank valuation. Islamic banking has experienced rapid growth over the past decade, a trend that is set to continue given the sector's successful weathering of the financial crisis. This book brings you up to speed on this alternative way of banking, and shows you how it applies within your own current practices. * Understand the principles of Islamic banking and finance * Learn the products, vocabulary and key concepts of the field * Consider the applications in a variety of financial contexts * Explore the regulatory frameworks and valuation of Islamic banks Islamic banking practices differ from Western banking in fundamental ways - it's these differences that shielded the sector during the global crisis, but they also require practitioners to understand a whole new set of rules, products and practices. Modern Islamic Banking gives you a solid understanding of the fundamentals and expert insight into modern practical applications.

About this title

Review:

Modern Islamic Banking provides a comprehensive, up-to-the-minute guide to the products, processes and legal doctrines underlying Islamic banking. Written by a pioneering practitioner in the field, this book provides thorough guidance and expert-level perspective on the principles and applications of this alternative-banking model. - ExpoFairs.com

From the Back Cover:

A Complete, Detailed Guide to Modern Islamic Banking Fundamentals

Modern Islamic Banking provides a comprehensive, up-to-the-minute guide to the products, processes and legal doctrines underlying the expanding Islamic banking system.

The conventional financial system focuses primarily on the economic and financial aspects of transactions, whereas the Islamic system places equal importance on the ethical, moral, social and religious characteristics to enhance equality and fairness. This authoritative guide fully clarifies the ins and outs of this emergent form of ethical investing and lending, where loans must be interest-free. In just thirty years, Islamic banking has gone from purely local operations to an alternative finance system of products and services for the international community, and after successfully weathering the banking crisis as a result of its unconventional paradigm, more non-Muslim investors are seeking its products to gain a competitive edge. In an engaging, conversational style, this streamlined resource quickly brings you up to speed on Islamic banking by guiding through:

• The long-standing principles of Islamic banking and finance grounded in the profit and loss sharing principles outlined in the Code of Hammurabi
• The products, vocabulary and key concepts of the field, including profit and loss sharing, justness in exchange, transparency and the prohibition of usury
• The applications in such financial contexts as asset management, treasury, risk management, venture capital, SME finance, micro-finance and taxation
• The regulatory frameworks and valuation of Islamic banks, including the vital components of a good valuation model and how to use one to place a reasonable value on a firm as well as a bank

For everything you need to know and how it applies to your current practices, turn to Modern Islamic Banking.

About this edition

• Publisher: Wiley
• Publication date: 2016
• ISBN 10: 1119127203
• ISBN 13: 9781119127208
• Binding: Hardcover
• Edition number: 1
• Number of pages: 192