An Introduction to Islamic Finance (Wiley Finance) - Theory and Practice

An Introduction to Islamic Finance, Theory and Practice--------------------------------------------------Many books have been written on Islamic financial markets but thisis the first book to introduce all of the essential topics in one volume.The authors, two of the best known authorities in Islamic economics,finance and banking, also incorporate valuable examples and practicaldiscussions that will offer better understanding of this emerging market.They should be congratulated for providing students and practitionerswith a text that places Islamic finance and banking squarely withinthe context of Islamic teachings and modern finance and banking practices.--Hossein Askari, Iran Professor of International Business and InternationalAffairs, George Washington University An Introduction to IslamicFinance is an excellent introduction to the principles of Islamic finance.The authors provide necessary background to the subject, as well assuccinct description of the main products and processes. This bookwill be of value to anyone looking to invest or issue in the Islamicfinance markets. --Professor Moorad Choudhry, Department of Economics,London Metropolitan University Islamic financial markets have maderemarkable progress during the last two decades and this burgeoninggrowth has increased the appetite for financiers and bankers to understandmore of this emerging market. Incorporating useful references to historicalpractices and financial instruments used by Muslim societies, An Introductionto Islamic Finance will serve as a very useful resource for anyoneinterested in the subject. The authors should be congratulated fortheir insightful and practical contribution. --Professor Rifaat AhmedAbdel Karim, Secretary-General, Islamic Financial Services Board Considerableexperience in dealing with finance and its role in development havegone into this timely publication. The insights offered by the authorsshould be especially helpful to Islamic banks and financial institutionsin redesigning risk-management and diversification of portfolios. Thismakes An Introduction to Islamic Finance one of the best books on thetopic so far. --Dr. Mohammad Nejatullah Siddiqi, Professor of Economics,Islamic Economics Research Center, King Abdulaziz University, Jeddah(Retired)--------------------------------------------------Author Biography: Dr. Zamir Iqbal works as Principal Financial Officerwith the Quantitative Strategies, Risk and Analytics department inthe Treasury of the World Bank in Washington, D.C. He earned his Ph.D.in international finance from the George Washington University wherehe also serves as adjunct faculty of international finance. He haspublished several articles on Islamic finance in reputed journals andhas presented papers at international forums. He has extensive experiencewith capital markets, exotic derivative products, risk management,financial sector development, and financial modeling. His researchinterests include Islamic finance, financial engineering, structuredfinance and international banking. Dr. Abbas Mirakhor, born in Tehran,Islamic Republic of Iran, attended Kansas State University, where hereceived his Ph,D. in economics in 1969. From 1969 to 1984, he taughtin various universities in the U.S. and Iran. From 1984 until 1990,he served on the staff of the IMF, and from 1990 to present, he hasbeen the Executive Director for Afghanistan, Algeria, Ghana, IslamicRepublic of Iran, Morocco, Pakistan, and Tunisia. Dr. Mirakhor is theco-editor of Essays on Iqtisad: Islamic Approach to Economic Problems(1989), and Theoretical Studies in Islamic Banking and Finance (1987).He has received several awards including Order of Companion of Voltafor service to Ghana, conferred by the President of Ghana in 2005,Islamic Development Bank Annual Prize for Research in Islamic economics,shared with Mohsin Khan in 2003, and Quaid-e Azam star for serviceto Pakistan, conferred by the President of Pakistan in 1997.