Islamic Banking and Finance

This text provides a comprehensive introduction to the practice of Islamic banking and finance, an increasingly important area in the field of Finance. The authors cover current issues and concepts pertinent to Islamic finance, from the Islamic worldview and economics, to Shariah compliance, Islamic contracts and insurance.

"The authors have written a must-read textbook for anyone interested in Islamic finance. It offers an excellent introduction and covers all a novice needs to know on this subject." Professor Khaled Hussainey, Accounting and Financial Management, University of Portsmouth, UK
"Expertly written and underlined by a comparative critique of theory and practice, this book is an invaluable read for both finance scholars and practitioners." Messaoud Mehafdi, Senior Lecturer in Accounting, Huddersfield Business School, UK
"This textbook is a welcome addition to the literature on the complex topic of Islamic finance.
The authors contextualize Islamic finance & banking within the Islamic worldview, explaining its relevance and application to economics and financial systems, and providing the necessary framework for understanding the distinctive nature and character of Islamic financial institutions, markets and instruments, including the governance and management of Islamic banks. The book is comprehensive and readable, elucidating challenging concepts with illustrative practical examples, diagrams and tables." Hugh McBride, Senior Lecturer in Accounting, Galway-Mayo Institute of Technology, Ireland
"Islamic Banking and Finance: An Introduction is an excellent, comprehensive contribution to the field of Islamic banking and finance, which succinctly bridges the gap between theory and practice.
The textbook is aimed at both undergraduate, postgraduate students and practitioners who wish to gain insight and further their knowledge and understanding of the discipline of Islamic banking and finance." Asif Zaman, Senior Lecturer in Islamic Finance, Cardiff Metropolitan University, UK
This text provides a comprehensive introduction to the practice of Islamic banking and finance, an increasingly important area in the field of Finance.
Find out about current issues and concepts pertinent to Islamic finance, from the Islamic worldview and economics, to shari'ah compliance, Islamic contracts and insurance.
KEY,  FEATURES
• Every chapter draws comparisons between Islamic and Western models of banking and finance, ensuring you gain a thorough understanding of the differences.
• The authors clearly illustrate the application-aspect of Islamic contracts as well as Islamic finance in other jurisdictions.
• A comprehensive glossary gives you a solid understanding of key concepts and terms.
• Questions at the end of each chapter provide an opportunity for you to practise what you have learnt.
DIGITAL SOLUTIONS
• A companion website is available with an instructor's manual, PowerPoint slides and multiple-choice questions for additional practice.
ABOUT THE AUTHORS
ROSZAINI HANIFFA is Professor of Accounting at Heriot-Watt University, Edinburgh. Her research interests include business ethics, corporate governance, corporate social responsibility and sustainability, financial reporting, international accounting, and Islamic accounting and finance. She has published articles in many scholarly journals and is the founder and joint editor of Journal of Islamic Accounting and Business Research (JIABR).
MOHAMMAD HUDAIB is Reader of Accounting at Adam Smith Business School at the University of Glasgow. His research interests include business ethics, auditing and accountability, corporate governance and Islamic accounting and finance. He is also the founder and joint editor of JIABR.