Our Publications

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.