The global demand for an ethical form of investing has led a major boom in Islamic banking and finance. Bank such as HSBC and Citibank have announced their ambition to become major players in the market. For newcomers to this burgeoning marketing, this book offers an excellent overview of the principal concepts from two well-known figures in Islamic finance. Explains the fundamental principles …
This book illustrates well through balance sheet analysis what Islamic banks need to watch out for in the changing dynamics in business and commodity markets, given the important differentiation in their asset and liability book relative to conventional banks. The book makes the important observation that while in theory Islamic banking should be exposed to less risk given that Islamic finance …