Examines the roots of the principles of ethical Islamic financial transactions, which have evolved over several millennia, on issues including usury, interest rates, and financial contracting for funding enterprises, mortgages, leasing and other transactions. Regulatory and governance issues are...

Contents: Preface -- Part I: Definition and concepts -- 1. Wealth as understood in economics and finance / Mohamed Ariff and Shamsher Mohamed -- 2. Wealth from the Shariah perspective / Mohamed A. Gadhoum -- 3. Wealth management, its definition, purpose, structure and practices / Mohamed Ariff...

After barely half a century of experience, Islamic banking has become established as a niche industry across the world, offering new and sophisticated financial products designed to be compliant with Islamic legal principles and common law. This comprehensive book explores the theory, principles...