This booklet presents researchers and scholars with an knowing of the elemental felony tenets of the Islamic finance undefined, learning the true fiscal results of these tenets utilizing the instruments of the trendy fiscal concept. cut up into 4 components, the booklet starts with an advent to the background and a criminal framework for Islamic banking, protecting common Islamic monetary items equivalent to Sukuk and Takaful and analyzing the constitution of Islamic monetary associations. It then analyzes and discusses the Miller-Modigliani Theorem, that is of direct relevance to Islamic banks that are prohibited to cost curiosity and infrequently need to count of profit-loss sharing agreements. half III of the publication introduces the reader to trendy mechanism layout thought, paying specific consciousness to optimum contracting less than hidden motion and hidden details, and ultimate half of the ebook applies the instruments of monetary thought to appreciate functionality of Islamic monetary associations akin to Islamic banks and Takaful operators.
Islamic Finance in mild of recent monetary Theory brings jointly the entire valuable technical instruments for examining the industrial results of Islamic frameworks and will be used as a complicated textbook for graduate scholars who desire to specialise in the realm, as a reference for researchers and as a device to assist economists increase the layout of Islamic monetary institutions.
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