"The International Handbook of Islamic Banking and Finance will give conventional bankers and financial advisers a detailed insight into Islamic banking. The book explains how it operates, what is the rationale behind it, the issues it raises, issues of compliance and how Islamic methods of banking relate to conventional banking and finance as well as the opportunities it presents." "While covering the ethical and religious basis of Islamic banking, Elizabeth Jackson-Moore concentrates on the details of how it provides all the services of any banking system. For financing instruments such as Mudaraba, Musharaka, Salam, lstisna'a, Ijarah or Murabaha she explains, for instance, the agreement and its terms, how it operates, how it deals with liquidation, default or termination as well as where it is used successfully. There are a number of types of Islamic contract and again each is covered. Islamic bonds (Sukuks) have been a fast growing area and she shows how they are developing. One section is devoted to Takaful (basically Islamic insurance) and Re-Takaful. Finally the book covers such exciting and important areas in Islamic banking and finance as hedge funds, microfinance and equity investments." "Islamic banking has specific compliance issues - it must be Sharia'a compliant - so there is usually a Sharia'a board with at least one Islamic scholar on it, but it also faces traditional issues such as liquidity and risk management. In addition international accounting standards have to be met and all these issues are discussed in relation specifically to Islamic banking."--Jacket.