This book explains the philosophies behind the current trend in riba-free banking which is implemented as Islamic banking around the world. The book is divided into five sections, the first of which is related to the introduction of riba-free banking. The second is related to the fundamentals, concepts and beliefs of riba-free banking organisations, while the third differentiates between two streams of financial models. The fourth section explains risk management in riba-free banking, while the final section discusses international institutions related to the riba-free financial system. The book also contains a glossary of terms related to riba-free banking, and a terms index for readerâs ease in academic study.
Shahid M. K. Ghauri holds over 13 years of banking experience and has worked with renowned institutions like Habib Bank AG Zurich, ABN AMRO Bank and the Royal Bank of Scotland. He currently holds the position of regional manager at a bank, and is a PhD candidate and Research Associate on Islamic Finance. He has authored number of books and research papers on Islamic finance in various peer-reviewed journals.