Includes glossary of Arabic terms (p. ix-xiv).

Includes bibliographical references (pages 393-397) and index.

The introduction -- The economic system -- Riba vs. rate of return -- Financial instruments -- Risk sharing as an alternative to debt -- The Islamic financial system -- The stability of the Islamic financial system -- Islamic financial intermediation and banking -- Capital markets -- Non-bank financial intermediation -- Performance of Islamic financial services -- Financial engineering -- Risk management -- Regulation of Islamic financial institutions -- Corporate governance -- Globalization and its challenges -- Issues and challenges.

Much has happened in the Islamic finance industry since this bestselling text was first published in 2007. This second edition is timely especially as there has been much re-thinking of the role of Islamic banks in the aftermath of the global financial crisis. New chapters on risk-sharing and financial stability, and other revisions should ensure that this remains the leading text in its field, with the strengths of the first edition retained, not least the lucid explanations of often complex financial products helped by useful flow charts. Professor Rodney WilsonDirector, Durham University Is.

Print version record.