Professor Rodney Wilson
Director, Durham University Islamic Finance Programme
An Introduction to Islamic Finance provides the first-tier response to all questions as to the nature and essence of modern Islamic finance, whether posed by the uninitiated and uninvolved or the financial practitioner seeking context and cohesion. With elegant simplicity and profound elucidation, the authors discuss the theoretical and practical elements and structures comprising this system and describe the integration of these elements and structures into a unified organic whole. We would all be well served if this were made compulsory reading not only for those having involvement or interest in global financial matters, but for anyone having an interest in cultural or political facets of Islam.
Michael J.T. McMillen
Former Partner, King & Spalding and Fulbright & Jaworski L.L.P.
Adjunct Professor in Islamic finance, University of Pennsylvania Law School
Abbas Mirakhor and Zamir Iqbal are to be congratulated for providing us with a lucid, comprehensive and sophisticated introduction to the theory and practice of Shari’ah-compliant (Islamic) finance. Impressive in its scope—without being superficial in its treatment of its various topics—the text can be comfortably recommended as one of the handful of books that students of Islamic finance must have in their library. Economists will be particularly pleased by the inclusion of thoughtful discussions of Islamic economic principles from an institutional economics perspective, while business school and finance professors and students will be pleasantly surprised by significantly revised chapters with elucidative case studies on sukuk.
Dr. S. Nazim Ali
Acting Executive Director, Islamic Legal Studies Program
Director, Islamic Finance Project
Harvard Law School, Harvard University
Unlike most books on Islamic finance that focus narrowly on the mechanics of Islamic banking operations and modes of financing, this book presents Islamic finance from an institutional economics perspective and discusses various issues related to the financial system and structure. It also provides a comprehensive overview of the challenges facing Islamic financial industry and suggests ways to mitigate these. By highlighting the risk sharing and stability features of Islamic finance, the authors present a convincing case for the Islamic financial sector to revert to its foundational principles in the post-crisis era.
Professor Habib Ahmed
Professor and Sharjah Chair in Islamic Finance
Keywords: General Finance & Investments