An Introduction To Islamic Finance

“An Introduction To Islamic Finance: Theory and Practice” is a definitive guide by leading scholars Zamir Iqbal and Abbas Mirakhor that provides comprehensive coverage of the rapidly growing Islamic financial industry. The book explains the fundamental principles of Sharia Law governing finance, particularly the prohibition of interest (Riba) and the emphasis on risk-sharing and ethical investment. It thoroughly details Islamic financial instruments (like Murabahah, Mudarabah, and Sukuk), compares them with conventional finance, and analyzes the unique features of the Islamic financial system, including risk management and corporate governance. This is an essential read for students, practitioners, and policymakers seeking to understand the theory, contemporary practices, and future potential of this Sharia-compliant alternative to traditional banking.