Leonardo and Francis Press

Examining the current state of Islamic banking in light of the global economic crisis beginning in 2008, the authors argue that the current global economic outlook provides great potential for innovation in Islamic finance. Focuses on the sectors at the forefront of growth in Islamic finance, and the potential for these services to create a practical alternative to conventional financing sources in global business.

This book explains how Islamic banking opens the avenue for a value system in banking that applies to various religions and cultures. It analyzes variations of Islamic banking throughout the Islamic world and different schools of thought in Islamic finance. Then he uses the connection between these values and the current banking systems to emphasize that value-based models will be important in the future due to the work of Islamic finance.