KOLB SERIES IN FINANCE

Essential Perspectives

While the religion of Islam has existed for 1,400 years, Islamic economic theory and its financial institutions only began to emerge in the 1970s. But the Islamic Banking and Finance (IBF) industry has grown rapidly, and for those who want to participate in the global financial arena on a professional level, the need to understand the various aspects of Islamic finance is essential.

Filled with in-depth insights and practical advice, this reliable resource—part of the Robert W. Kolb Series in Finance—provides a comprehensive look at Islamic finance by examining the basic concepts, current innovations, and best practices predominant in the industry today.

With chapters contributed by respected professionals and academics who are experts in this field, Contemporary Islamic Finance offers a diverse array of opinions on this topic and provides a format for ongoing discussions of advancements in the industry of Islamic finance. Part I, The Contemporary Islamic Finance Landscape, addresses the most current issues surrounding Islamic economic theory and legal thought as well as presents a new level of thinking about a wide variety of other topics in this industry. Part II moves away from theory to highlight examples of how the products and structures of this discipline are effectively implemented in the real world.

Along the way, you'll gain valuable knowledge regarding:

• Globalization and Islamic finance
• The elements of Islamic wealth management
• Suk¯uk—structures designed to bridge Islamic and conventional capital markets
• An Islamic microfinance model and its role in poverty alleviation
• Islamic finance in an almost postcrisis world
• Shifting Islamic financial structures offshore
• Islamic mortgages

As the innovations and applications of Islamic finance continue to grow, so does the demand for more detailed and sophisticated information in this area. Contemporary Islamic Finance has been written to fill this need and will put you in a better position to excel at your endeavors within this field.