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Published in:
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2016 | OriginalPaper | Chapter

1. Introduction

Authors : Suren Basov, Ishaq Bhatti

Published in: Islamic Finance in the Light of Modern Economic Theory

Publisher: Palgrave Macmillan UK

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Abstract

In this chapter we discuss our main rationale for writing this book and introduce the reader to the two worlds of finance.

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next chapter Islamic Financial Instruments
Footnotes
1
There are 6 GCC member countries; Bahrain – or Kingdom of Bahrain, Kuwait, Oman – or Sultanate of Oman, Qatar, Saudi Arabia – or Kingdom of Saudi Arabia (KSA), UAE – United Arab Emirates.
 
2
Sukuk is a shariah compliant bond, which constitutes partial ownership in a debt and is based on the principle of profit/loss sharing.
 
3
Takaful is a form of Islamic insurance, which we will discuss later.
 
6
In Shariah, wakaf is a voluntary charitable endowment, from ones’ personal belongings or wealth in the form of cash / property for Shariah compliant causes.
 
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Metadata
Title
Introduction
Authors
Suren Basov
Ishaq Bhatti
Copyright Year
2016
Book
Islamic Finance in the Light of Modern Economic Theory

Print ISBN: 978-1-137-28661-1

Electronic ISBN: 978-1-137-28662-8

Copyright Year: 2016

DOI
https://doi.org/10.1057/978-1-137-28662-8_1