The shari'a, the divine law of Islam, has authority over all aspects of the lives of the faithful, whether in religious or secular matters. This authority therefore extends to business, and the
Holy Qur'an mandates business ethics, economics and financial principles such as the prohibition of usury and the institution of interest-free economies. This collection of 28 articles
published from 1964 to 2004 explains how these principles apply to banking, accounting and regulation, and business or financial institutions. Articles detail the strong links between Islam and
believers' social and economic behaviors, specifics on the time value of money and discounting, practices in sub-economies, financial mediation, profit-sharing, financial analysis,
reconciliation of risk aversion in investors and risk taking by managers, insurance, funding of micro-enterprise, and the cost of capital and investment in an economy without interest. The
collection closes with descriptions of recent developments in Islamic finance. Annotation 穢2008 Book News, Inc., Portland, OR (booknews.com)
