Overview
Contemporary Islamic Finance explains the practices and innovations of Islamic finance in banking, real estate, private equity, asset management, private banking, law, and other areas. It is intended to be the first resource aimed at lay Muslims as well as non-Muslims with an interest in the subject.\xa0 The book is divided into three parts. Part I is an introduction to the history, legal structures and basic financial contracts in the industry. Chapters will include developments in the two largest global Islamic finance markets--the Gulf Cooperation Council (GCC) and Southeast Asia Malaysia/Indonesia)--and how evolution of the industry in those markets affects its practice globally. \xa0 In particular, this section will discuss how\xa0Islamic finance is practiced within a legal systems dominated by US or British legal traditions. Part II will expose the reader to the practicalities and issues facing contemporary Islamic finance practitioners. The Islamic finance is a dynamic industry. Existing literature tends to idealize financial practices without addressing the cultural and political realities of practicing Islamic anything. Chapters in this section will describe current practices and innovations and their significance in the contemporary financial and cultural environment. Part III will include case studies of United States-based transactions and related challenges and successes. Part III will be particularly helpful to both practitioners from outside of North America and for professors to use in the classroom as real world examples.
