Islamic banks do not pay interest on customers' deposit accounts. Instead, customers' funds are placed in profit-sharing investment accounts (PSIA). Under this arrangement, the returns to the bank's customers are their pro-rata shares of the returns on the assets in which their funds are...

The Handbook of Islamic Banking comprises 25 studies by leading international experts on Islamic banking and finance specially commissioned to analyse the various debates and the current state of play in the field. This comprehensive Handbook provides a succinct analysis of the workings of...

This issue has four excellent articles - Dr. William (“Bill”) M. Isaac, former Chairman of the U.S. Federal Deposit Insurance Corporation, and now a top global banking industry consultant, has submitted a thought-provoking article on lessons learned from the 2008 banking crisis in the U.S....

From the world's foremost authorities on the subject, the number-one guide to Islamic finance revised and updated for a post-crisis worldBecause it is entirely equity-based, rather than credit-based, Islamic finance is immune to the speculative bubbles and runaway volatility typical of Western...

Cover -- Title Page -- Copyright -- Contents -- Foreword -- Acknowledgements -- About the Editors -- Chapter 1: Overview of the Islamic Capital Market -- History of the ICM -- Geographic Spread -- Key Principles for Shari'ah-Compliant Financial Instruments -- Shari'ah-Compliant Instruments --...