Islamic Bamking and Islamic Finance

This book explains basic concepts in Islamic finance and banking. It fills a gap in the financial literature by addressing the role of Islamic finance and banking with respect to financial instruments and innovations. Financial instruments such as arboon derivatives and sukuks are explained, their performance is analyzed and comparisons are made between conventional funds and Islamic funds. This book aims to explore the performance and risks of Islamic banking as well as how sharia's compliant deals and structures are structured. Both quantitative models and illustrations from real life are used to introduce the reader to trades and deals using Islamic financial instruments, funds and indices as well as performance measurement for Islamic structures, making this book suitable for finance practitioners and advanced finance graduates seeking a comprehensive guide to the field of Islamic finance.