This book explains the principles of Islamic banking and finance. It then provides a guide to actual Islamic finance products such as istisna’a, murabaha, musharaka, mudaraba, ijara, sukuk and salam, in order to help the reader understand the vocabulary, key concepts and key products. It goes on to discuss the practical application of Islamic products to a variety of financial contexts including: asset management, treasury, risk management, venture capital, SME finance, micro-finance and taxation. It also provides guidance on the regulatory frameworks for Islamic finance and includes an extensive section on the valuation of Islamic banks post the financial crisis.
