Islamic finance filling liquidity gap

A guide for International Business and Investment', is now available from GMB Publishing.

A guide for International Business and Investment', is now available from GMB Publishing. Mohammad A Qayyum, Director General of the Institute of Islamic Banking and Insurance (IIBI) remarked: "In the years to come, the growth in Islamic banking looks set to continue to make rapid progress as more and more, the great reserves of wealth of Muslims are diverted away from conventional banking practices. This book is invaluable in understanding how the principles of Islamic financing and investments are being practiced in modern times." Produced in association with the Institute of Islamic Banking and Insurance in London, 'Islamic Finance: A guide for International Business and Investment' aims to support international investors and finance professionals now considering the buoyant Islamic finance sector. While the global economy remains uncertain, Islamic finance is steadily growing at an annual rate of 10% to 15%., and is estimated to be currently worth US$800 billion. Although Islamic financial products do not pay interest they can often be as advantageous, or more so, than conventional products. And at a time when derivatives-based markets have failed, Islamic financial instruments, based on the firm establishment of underlying assets, are going to be ever more popular. This new book provides accessible advice and up-to-date guidance for foreign investors helping them understand the principles and current practice of Islamic banking and Shari'a-compliant finance: outlining the background to Islamic finance; examining Islamic financial products including loans, mortgages, trade finance, investment banking and Takaful; and exploring important regulatory issues. With contributions from leading industry experts including the Institute of Islamic Banking and Insurance, Denton Wilde Sapte, State Bank of Pakistan, Al Rajhi Bank, the Islamic Bank of Britain, PricewaterhouseCoopers and the Bank of London and the Middle East, this new book is an essential resource for organizations engaged in business development, asset management, banking and finance in an Islamic context. Link: http://www.cibafi.org/NewsCenter/English/Details.aspx?Id=2097&Cat=11&RetId=0