An Introduction to Islamic Finance. Front Cover Musharakah Mudarabah as Modes of Financing. 37 Muhammad Taqi Uusmani,Muḥammad Taqī ʻUs̲mānī. The present book is a revised collection of Shaykh Mufti Taqi Usmani’s different articles that aimed at providing basic information about the. Really good introduction to Islamic finance. Clear explanation of different types of finance by Mufti Taqi Usmani. He was once on Dow Jones Islamic Market™.
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An Introduction to Islamic Finance by Muhammad Taqi Usmani
Rent and save from the world’s largest eBookstore. Read, highlight, and take notes, across web, tablet, and phone. The book is actually about the principles of Islamic Finance in depth and the main difference in Islamic and Conventional banking.
The author is a Hanafi Islamic Scholar and has remained the chairman and member of sharia supervisory boards of different Islamic banks in different parts of the world. He is an expert in the fields of Islamic Jurisprudence, economics, Tassawuf and Hadith.
In the book author has successfully drawn attention that modes of financing are being used by the Islamic banks and financial institutions since last two decades, but all these instruments are not the substitutes of interest in the muhamamd sense. It will also be wrong to presume that they may be used exactly in the muhammwd style as current conventional product is used. He has discussed some preliminary points for Islamic banking at the beginning of the book. He has tried to explain the basic concept underlying these instruments.
An Introduction to Islamic Finance – Muhammad Taqi Uusmani, Muḥammad Taqī ʻUs̲mānī – Google Books
He has also dealt with the practical issues involved in the application of the instruments and their possible solutions in the light of Quran and Sunnah. I introdkction observed it very helpful because it is written in simple English.
Each financing model is explained in very detail including its types, profit calculation, termination time and its practice in contemporary banks I hope it will facilitate to understand the basic principles of Islamic finance and the main points of difference between conventional and Islamic banking.
I will prefer this book for the beginners of the Islamic finance.
It is also easily understandable for those who do not belong to field of Islamic Finance. It is hoped that this brief discussion will open new horizons for the thinking of Muslim jurists and economists and will help them implementing a true Islamic economy.
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An Introduction to Islamic Finance. User Review – Flag as inappropriate Interesting and a must read Selected pages Page Introducton Mudarabah as Modes of Financing.
The Principle of Limited Liability.