Cover image for Islamic banking and finance in South-East Asia : its development and future
Title:
Islamic banking and finance in South-East Asia : its development and future
Personal Author:
Series:
Asia-Pacific business series ; v. 6
Edition:
3rd ed.
Publication Information:
Hackensack, NJ : World Scientific, c2012
Physical Description:
xxvii, 235 p. ; 24 cm.
ISBN:
9789814350426

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30000010294288 HG3 V46 2012 Open Access Book Book
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Summary

Summary

Islamic Banking and Finance in South-East Asia by Angelo M Venardos has been a "must read" since its first edition in 2005 and has already been translated to Arabic.Now in its 3rd edition, the book offers important updates you can look forward to, starting with the foundations of Islamic banking, developments and issues. The reader is then treated to a timely survey of Islamic banking in five South-east Asian countries. Most of these chapters have been completely revamped from the last edition. One additional chapter has been added on Islamic Succession Planning, which introduces an increasingly essential aspect of Muslim life - that of managing one's wealth now and in the afterlife.Whether you are new to the topic or a practitioner in the industry, you will appreciate the accessible way in which the book is written. According to the Asian Journal of Comparative Law, the book gives a broad overview yet "manages to achieve this in a rather slim volume while providing depth of analysis at the same time".


Reviews 1

Choice Review

This volume will be of value to anyone interested in the history, methods, and rules of Islamic finances in Southeast Asia (i.e., the Philippines, Indonesia, Malaysia, and Brunei). It is written by a non-Muslim who views the subject through a different prism, which makes the book unique. Venardos, an international banking and finance professional, provides comprehensive coverage, but given the scope of the topic, he does not offer in-depth scholarly discussion. The volume's 13 chapters provide a brief history of Islam; cover sources of Islamic law, e.g., Shari'ah and Sunnah; discuss commercial law, including contracts, usury, and different types of acceptable and unacceptable business practices; provide an overview of traditional Islamic financial products that have been changed in recent times to accommodate the current needs of Muslims around the world; discuss challenges of Islamic banking today; and present four case studies of Southeast Asian countries where Islamic banking and finance is prevalent. The chapter on current challenges covers contemporary everyday issues and transactions as well as complex problems, e.g., problems facing the Muslim community over the payment of interest, the most forbidden practice in Islamic law. ^BSumming Up: Recommended. Public and academic library collections, lower-division undergraduate and up. H. Zangeneh Widener University