Islamic Finance in a Nutshell: A Guide for Non-Specialists

Introduction vii

1 What is Islamic Banking? 1

2 If Islamic Banks Cannot Charge Interest 23
How Do They Make Money?

3 Sharia’a Law 83
It is Not Only Lawyers Who Need to Know About It

4 Sharia’a Boards 97
Roles, Responsibility and Membership

5 Financial Statement Analysis for Islamic Banks 121

6 The Islamic Banking Infrastructure 167

Appendix 1 How Much Arabic do You Need to Know to Work in the Islamic Banking Industry? 199

Appendix 2 Thee Top 500 Islamic Financial Institutions 235

Crossword 333

Index 335