Law, Regulation and Practice of Islamic Finance with Particular Reference to Malaysia
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Synopsis
This book discusses the theory and practice of Islamic finance with particular focus on Malaysia. In the first place, it depicts the jurisprudential aspects of the creation of financial products. Then, it discusses certain key concepts of financial contracts and particular types of financial products, namely equity financing (corporate shares), takaful (Islamic insurance) and sukuk (Islamic bonds). It also sheds light on the dispute resolution mechanism in the area of Islamic finance. By reading this book, the readers will learn the basics of Islamic jurisprudence under which financial products are developed. They will know the permissible products and the bases and conditions for their permissibility. They will also learn the law of Islamic finance, its jurisprudence, regulation and the current practice with a special focus on Malaysian law and practice. This book can be a first-hand reference for anyone interested in Malaysia as the hub of Islamic finance in the modern world.