Frequently Asked Questions in Islamic Finance

In Frequently Asked Questions in Islamic Finance, industry expert Brian Kettell answers some of the most frequently asked questions from his many years experience in working and teaching in Islamic finance and banking. From knowledge of the Qu'ran and Sharia'a Law, to new and old Islamic financial concepts, Islamic terms, and Islamic financial instruments and services, this book covers all the key areas that practitioners need to Islamic finance. The book addresses individual questions such as “what is Takaful?”, and provide answers with a clear overview of the product or service, and an example, or illustration where appropriate, of how they work in practice. The book also features a question and answer section for readers to test and build their knowledge of the area. Light, entertaining and varied in its approach, Frequently Asked Questions in Islamic Finance will prove popular for experienced practioners and novices alike.

Preface. Introduction. 1 The Islamic Banking Timeline (1890-2010). 2 Frequently Asked Questions. 3 Why is Interest (Riba) Forbidden to Muslims? 4 Derivatives and Islamic Finance. 5 How do you Establish an Islamic Bank? 6 Islamic Banking and Finance Qualifications. 7 How Much Arabic do you Need to Know to Work in the Industry? 8 Test Your Knowledge. 9 Further Reading. Crossword. Appendix Answers to Chapter 8. Test Your Knowledge. Index.