Summary

This book highlights the key characteristics of Islamicbanking which differentiate it from conventional banking.This detailed book highlights how Islamic banking isconsistent with the Sharia'a and, as such, an important partof the system is the prohibition on collecting interest.This central religious precept appears to rule out mostaspects of modern finance but it does allow money to be usedfor trading tangible assets and business, which can thengenerate a profit. Brian Kettell's book looks at all aspectsof Islamic banking, including detailed chapters on itscreation through to explanations of Murabaha and Musharakacontracts, Ijara and Istisna'a financing methods, as well asSalam and Takaful insurance. Finally the book takes a lookat Sharia'a law and Sharia'a boards, indicating the rolesand responsibilities that come with membership.