Includes bibliographical references and index.

Islamic finance in theory and practice -- Islam, economics and finance -- Riba, Gharar, and the moral economy of Islam in historical and comparative perspective -- The evolution of modern Islamic finance -- Islamic finance and the global political economy -- Country differences -- Financial products and instruments -- Strategic, managerial and cultural issues -- Economic issues: Islamic finance and development -- Regulatory issues and challenges: global norms and religious constraints -- Islamic finance and politics: guilt by association -- Religious issues and challenges: defining Islam and interpreting the Shariah.

"This book explains the paradox of a system rooted in the medieval era thriving in the global economy. It traces the evolution of Islamic finance, explores its significance from a historical and comparative perspective, and considers the strategic, marketing, managerial, political, economic, regulatory and cultural challenges faced by Islamic institutions."--BOOK JACKET.

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