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...

The author discusses the notions of regionalism and globalism - which are by no means the two sides of the same coin - and the relations between them. He analyses economic regionalism among developing countries and explains why its performance is not impressive. Accordingly, he proposes policy...