The evolution of modern currency in the UAE reflects its economic growth from the underdeveloped years prior to the formation of the new state into a powerful global financial hub. These developments saw the abandonment of the Gulf rupee as the official currency and the adoption of the Qatar & Dubai Currency Board riyal in most emirates. As the Trucial States evolved into the United Arab Emirates they created a currency board prior to the formation of a central bank. This book details the ...

In Frequently Asked Questions in Islamic Finance, industry expert Brian Kettell answers some of the most frequently asked questions from his many years experience in working and teaching in Islamic finance and banking. From knowledge of the Qu'ran and Sharia'a Law, to new and old Islamic financial concepts, Islamic terms, and Islamic financial instruments and services, this book covers all the key areas that practitioners need to Islamic finance. The book addresses individual ques...

The evolution of the monetary and banking system in Bahrain has not been well documented until now. Bahrain moved to Independence in 1971 but, prior to that relied on creating monetary and financial stability by implementing a currency board which was the predecessor to a central bank. This book chronicles the abandonment of the Gulf rupee as the official currency and the adoption of the Bahraini dinar, the creation of a currency board and ultimately the creation of a central bank, detaili...

Case Studies in Islamic Banking and Finance is a pioneering resource that provides practical insights into the real world of Islamic financial transactions, and illustrates the complexities of this rapidly growing mode of modern finance.Based around 12 individual cases, the book stimulates discussion and develops the reader's understanding of Islamic finance by contrasting the theoretical concepts discussed in the author's companion text Introduction to Islamic Banking and...

In Frequently Asked Questions in Islamic Finance, industry expert Brian Kettell answers some of the most frequently asked questions from his many years experience in working and teaching in Islamic finance and banking. From knowledge of the Qu'ran and Sharia'a Law, to new and old Islamic financial concepts, Islamic terms, and Islamic financial instruments and services, this book covers all the key areas that practitioners need to Islamic finance. The book addresses individual ques...

In 1945 Qatar had no schools or telephones and only one doctor to serve the estimated population of around 25,000. During the 1950s and 1960s the economy grew as oil revenues poured in. By the mid-1970s Qatar had the second highest GNP per head in the world, exceeded only by Kuwait. The evolution of the monetary and banking system in Qatar enabling this transformation has not, until now, been well documented. This book chronicles the abandonment of the Gulf rupee as the official currency a...

A detailed look at the fast-growing field of Islamic banking and financeThe global Islamic finance market is now worth about $700 billion worldwide. Islamic Finance For Dummies helps experienced investors and new entrants into Islamic finance quickly get up to speed on this growing financial sector.Here, you'll find clear and easy-to-understand information on how you can incorporate Islamic finance products into your investment portfolio. You'll qu...

A concise study of the practices in Islamic commercial lawFilling a gap in the current literature, Islamic Commercial Law is the only book available that combines the theory and practice of Islamic commercial law in an English-language text. From the experts at the International Islamic University Malaysia, the book examines the source materials in the Qur'an and Hadith, and highlights the views and positions of leading schools of Islamic law, without bury...

In Understanding Islamic Finance Muhammad Ayub introduces all the essential elements of this growing market by providing an in-depth background to the subject and clear descriptions of all the major products and processes associated with Islamic finance.Key features include:Discussion of the principles of Islamic finance;Introduction to the key products and procedures that International Financial Institutions are using or may adopt to fund a variety...

From the world's foremost authorities on the subject, the number-one guide to Islamic finance revised and updated for a post-crisis worldBecause it is entirely equity-based, rather than credit-based, Islamic finance is immune to the speculative bubbles and runaway volatility typical of Western finance. Especially now, in the wake of the global financial crisis, this has made them increasingly attractive to institutional investors, asset managers and hedge funds in ...

The last twenty years have seen a distinctively Islamic financial system become a major player on the world economic stage. Many Muslims have rejected Western financial products and institutions, believing them to be incompatible with sharia, and have generated a wide range of alternatives. This book explains how this movement is part of the Islamist agenda to subvert and subjugate Western systems under the rule of Islam, and draws out its implications for global finance and politics.