Applied Islamic finance; law and practive from a global perspective

Description Islamic finance has grown exponentially in the last few decades and has reached over 70 countries around the world. The Islamic financial system today comprises a sizeable asset base of about US$450 billion and there is evidence of sustained demand for Islamic financial products and services in the global market, with demand outstripping supply. This new book: · Provides an overview of the regulatory structure overseeing the Islamic financial system globally. · Discusses the sources of law and the applied principles of Shari’ah governing Islamic financial products and policies. · Devotes an entire chapter to surveying the laws of several countries in the Muslim world that govern Islamic financial institutions. · Discusses the Shari’ah standard of contemporary financial business, the roles and functions of a Shari’ah advisory body and the impact of fatwa in Islamic financial practices. Jurisdiction: International