Islamic Banking and Finance discusses Islamic financial theory and practice, and focuses on the opportunities offered by Islamic finance as an alternative method of financial intermediation. Key features of profit-sharing (as opposed to debt-based) contracts are highlighted, and the ways in...

Islamic Banking and Finance discusses Islamic financial theory and practice, and focuses on the opportunities offered by Islamic finance as an alternative method of financial intermediation. Key features of profit-sharing (as opposed to debt-based) contracts are highlighted, and the ways in...

There is a serious lack of empirical studies on Islamic banking. This paper attempts to fill that gap to some extent. Using data for the 1990-98 period, several hypotheses and common perceptions about the practice of Islamic banking have been tested. The performance of Islamic banks has been...

The term 'Islamic economics', as a new paradigm for analysing economic behaviour gained popular attention in 1950s, although solitary writings on the subject existed earlier. Unfortunately, the new paradigm remained confined within a limited circle of Muslim writers. Its reach in international...

This paper tackles stock of developments in Islamic Banking over the past two decades and identifies the challenges facing it.

The study has made an attempt to respond to all major questions and concerns for the understanding of those who want to know the Islamic banking system and for those working for a well-targeted transformation of this financial system into one that reflects the teaching of Islam.

This paper tackles stock of developments in Islamic Banking over the past two decades and identifies the challenges facing it.

The paper provides an Islamic perspective on the public revenue and expenditure balance and offers various Shariah compatible possibilities to alleviate the chronic imbalances between the two in the IDB member countries.

The relatively new sukuk (or Islamic debt securities) markets have grown to more than US $800 billion over the past decade, and continue to grow at a rate of around 20-30 per cent per year. Arguably the first of its kind, this path-breaking book provides a highly unique reference tool relating...