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Islamic finance has grown exponentially in the last few decades and has reached over 70 countries around the world. The Islamic financial system today comprises a sizeable asset base of about US$ 450 billion and there is evidence of sustained demand for Islamic financial products and services in the global market, with demand outstripping supply.
- Provides an overview of the regulatory structure overseeing the Islamic financial system globally
- Discusses the sources of law and the applied principles of Shari'ah governing Islamic financial products and policies
- An entire chapter is devoted to surveying the laws of several countries in the Muslim world that govern Islamic financial institutions
- This book discusses the Shari'ah standard of contemporary financial business, the roles and functions of a Shari'ah advisory body and the impact of fatwa in Islamic financial practices
Applied Islamic Finance: Law and Practice from a Global Perspective should prove to be a book regularly consulted by banking and finance practitioners, in-house legal counsel, business owners, policy makers and persons responsible for the further development of the Islamic financial system globally.
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