Islamic Law and Finance: Religion, Risk, and Return
The book is comprised of three sections dealing respectively with Islamic law, the practice of Islamic banking and finance, and a discussion of case studies. Part One is authored by Vogel and addresses the Shari'ah rulings pertinent to financial transactions. The Islamic law of contracts is discussed, as is the legal framework laid out in the Shari'ah for financial institutions and financing methods. Part Two, authored by Hayes, is a descriptive analysis of Islamic banking and finance. Hayes introduces financial instruments and illustrates them with hypothetical examples.