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Islamic banks are reluctant to participate in a pure PLS scheme, manifested by the rising concentration of investment on Murabaha. This book explains the "Murabaha syndrome' and what the changes required are to mend this anomaly.
The book maintains that the Islamic financial system neither depends on LIBOR / EURIBOR nor is affected by the non-existence of them. The title thus, offers an alternative benchmarking solution for Islamic financial system as to its criteria, model, formula and technical know-how within the ambit of Maqasid al-Shari'ah.
This book examines the recent developments in Islamic banking and finance, particularly in the context of Islamic social finance instruments, such as Islamic microfinance, Halal education, Takaful, mutual funds and Waqf.
This book taps into the recent literature concerning IBFs and highlights the development history of the Islamic banking and finance system, from its inception and also introduces recent innovative concepts and practices in the field. It discusses both theoretical and simultaneously practical issues also.
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