Institute of Islamic Banking & Insurance

Islamic Insurance (Takaful) hasn’t acquired universal recognition among the

Compilation of articles defining the fundamental features of Islamic banking, including the industry’s concepts and values, monetary systems, accounting, taxation, and shari’a rulings that provides its defining characteristics.

This book includes all fatwas (legal opinions) relevant to Islamic Banking and related issues. It includes both the original Arabic and translations. The fatwas are made by renowned Shariah scholars and religious boards of Islamic banks, especially focused on wakalah, kafalah, rahn and

This is a collection of essays edited by Asma Siddiqi, with a foreward by Muazzam Ali and an introduction provided by Stella Cox. The anthology is divided into 12 chapters, including topics such as the major concepts and principles of Islamic banking, its history, economics, financial markets, products, accounting, insurance, zaka , shari`a , research and development, and prospects for the future.

The Shari'a greatly influences Muslim conduct in all spheres of life, and business ethics are an important aspect of that conduct.

Islamic banking and finance in Sudan exemplifies how the Islamic financial system can help small businesses and many poor people. Micro-finance recipients, those with small manufacturing workshops or single trading establishments, are important beneficiaries of Islamic finance. Islamic finance is especially able to meet the needs of these micro-enterprises because of its concept of risk sharing. Also, the relationship between the Bank of Sudan and the small enterprise sector exemplifies how Islamic banking assists the poor.

This book includes all fatwas (legal opinions) relevant to Islamic Banking and related issues. It includes both the original Arabic and translations. The fatwas are made by renowned Shariah scholars and religious boards of Islamic banks.

Terms: *S1 Banks and banking--Islamic countries. *S2 Banks and banking--Religious aspects--