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Read e-book online A Guide to Islamic Finance PDF

By Munawar Iqbal

ISBN-10: 1904339859

ISBN-13: 9781904339854

A concise document for senior executives in funding banks and based items to fast take hold of the rules at the back of Islamic finance and know the way to boost items that might agree to Islamic rules. the most recent addition to the preferred danger Books govt studies sequence will allow you to become involved during this US$300 billion business.

Although the roots of Islamic finance lie in historical Islamic ideas, the advance of Islamic finance as an is comparatively new. when traditional advertisement banks offer monetary intermediation prone at the foundation of curiosity (charged and paid), the elemental premise of Islamic finance is the prohibition of curiosity. Islamic bankers have constructed a couple of tools which can practice monetary intermediation capabilities with out the involvement of curiosity. From a small banking scan in rural Egypt through the Nineteen Sixties, Islamic finance is presently increasing at a price of 10-15% every year. It now represents an unlimited worldwide perform and the popular channel of banking for one 5th of humanity.

Rapid progress is predicted for this and Islamic finance deals vivid customers for these concerned. one of many purposes for this optimism is the large volume of petro-dollars (estimated to be US$1.3 trillion) presently afloat as a result of submit Iraq battle raise in oil costs. due to which, the variety of excessive web worthy members within the center East (of whom the bulk are Muslim) has elevated by means of 9.5% during the last few years. accordingly there's great scope for constructing and advertising new Islamic monetary tools and Shari’ah compliant cash managers are super good positioned.

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A Guide to Islamic Finance by Munawar Iqbal


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