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Islamic Financial Institutions: An Introduction offers a comprehensive overview of Islamic financial institutions, delving into current issues such as governance, Shariah compliance frameworks, and regulatory aspects, as well as the principles involved in product structuring. It begins by introducing the Islamic financial system, its objectives, and the financial intermediation process, followed by a comparison with the conventional financial system. The book defines and explains types of riba (usury), sources of prohibition, the difference between riba and profit, and the adverse effects of interest on the economy. It provides a detailed study of Islamic financial contracts and discusses trade-based financing products, illustrating the structural and legal differences between conventional and trade-based financing products. Additionally, the book outlines criteria for determining Shariah-compliant status of equity securities and examines the role and functions of capital markets within an Islamic framework. Finally, it presents a model of an Islamic bank in comparison with a conventional bank, exploring its methodology and procedures for ensuring Shariah compliance, governance, and regulation, while considering operating strategies, risk management issues, and liquidity requirements. The book serves as a valuable resource for researchers, students, and scholars of Islamic banking and finance, as well as a practical guide for bankers and finance professionals seeking to enhance their knowledge in the field.