CRITICAL ISSUES ON ISLAMIC BANKING AND FINANCIAL MARKETS
This book examines the principles and practices of Islamic banking and financial markets, particularly from the Malaysian experience. The principles of risk-taking (ghorm) and work (kasb) are paramount in determining Shariah legitimacy of profits derived from transactions in Islamic financial institutions. Risk and work both constitute the essence of trading and commerce (al-bay) the Quran has propagated over usury (riba). Based on these principles, the book examines current Islamic financial products with a critical outlook. It consists of 11 sections, each containing short articles on Islamic financial markets.