Islamic Finance

Islamic Finance: Law and Practice, 2nd Edition, is a book that examines the theoretical foundations of Islamic finance before analyzing specific commercial structures. It provides legal and operational context across both institutional standards and market applications.

The volume addresses the sources and relevant aspects of Islamic law, the role of Shari'a supervisory boards, and accounting approaches. It also explains basic contract requirements regarding underlying asset types, including the applicability and acceptability of those assets.

Alongside coverage of established mechanisms such as Mudaraba, Musharaka, and Sukuk, the book examines Takaful and includes a chapter detailing the principles and common structures of Islamic investment funds.