Recent growth in the Islamic Finance sector has been reflected in changes to economic policy and law in countries across the globe. Innumerable historical, theological, commercial, legal,
institutional and macro-economic factors affect this unique field, as well as the continually evolving environments in which it functions.
This book addresses the objectives of Islamic Finance in the modern banking space to address the question: how compatible are these objectives with the achievements of Islamic banks and
Financial Institutions? It presents an empirical analysis of recent stakeholder data from Malaysia and the United Arab Emirates to reveal the roles and perspectives of customers, Shariah
advisors, bank employees and regulatory authorities. The author offers insight into the effects of changes and developments occurring in Islamic banking products and services like Musharakah,
Mudarabah, Ijara, Sukuk, Takaful, Istisna and Salam, and explores the operating structures and subsidiaries of Islamic banks.
As well as providing a clear overview of the growth of Islamic Finance over the last 200 years, this book provides suggestions for the development of Islamic Finance on both a micro and macro
level.
