Part I

The Basics of Islamic Finance

In this part . . .

In Chapter 1, you discover the fundamentals of the Islamic finance industry, including the key principles that support it. These principles derive from Islam, so I devote Chapter 2 to introducing the religion and its code of conduct, called sharia.

Next, I take you on a brief tour of the history of the Islamic finance industry so you can appreciate its roots. Finally, I outline what’s happening in the industry today by introducing the types of institutions that are in business, noting how global credit crises have affected them, attempting to predict their growth in the near future, and highlighting crucial challenges they face.