Salman Syed Ali and Mabid Al-Jarhi

Lieterature – Books and Papers This presentation lists some of the books and papers that can help in acquiring basic understanding of Islamic finance. It also helps, by indentifying some important literature, in making a start for deeper study of Islamic finance. Basic UnderstandingIntermediate LevelSpecialized TopicsAcademic Journals

For Basic Understanding Obaidullah, Mohammed (2005), Islamic Financial Services, Jeddah: Scientific Publishing Centre, King Abdul Aziz University. Iqbal, Munawar and Mabid Al-Jarhi (2001), Islamic Banking: Answers to Some Frequently Asked Questions, Jeddah: Islamic Research and Training Institute. Siddiqi, Mohammad Nejatullah (2004), Riba, Bank Interest and the Rationale of its Prohibition, Jeddah: Islamic Research and Training Institute. Usmani, Muhammad Taqi (1998), An Introduction to Islamic Finance, Karachi: Idaratul Ma’arif

Iqbal, Munawar, Ausaf Ahmad and Tariqullah Khan (1998), Challenges Facing Islamic Banking, Jeddah: Islamic Research and Training Institute. This paper takes stock of the development of Islamic banking since 1978 and identifies the challenges facing it. Many of the challenges identified here remain a challenge even at present in Khan, Fahim (1995), Islamic Futures and Their Markets with Special Reference to Their Role in Developing Rural Financial Markets, Jeddah: Islamic Research and Training Institute. This study addresses (a) what is un-Islamic about contemporary futures trading, (b) can these markets be restructured according to Islamic principles and (c) would it be beneficial if they are restructured.

Intermediate Level Ayub, Muhammad (2007), Understanding Islamic Finance, Chichester, UK: John Wiley and Sons. This book provides most comprehensive treatment of contracts currently used by Islamic financial institutions along with examples of products. Equally beneficial for academics and practitioners.

Specialized Topics Ali, Salman Syed (eds) (2008), Islamic Capital Markets: Products, Regulation and Development, Jeddah: Islamic Research and Training Institute. AAOIFI (2010), Accounting, Auditing & Governance Standards (for Islamic Financial Institutions), Bahrain: AAOIFI AAOIFI (2010), Shariah Standards, Bahrain: AAOIFI. Khan, Tariqullah and Dadang Muljawan (2006), Islamic Financial Architectrure: Risk Management and Financial Stability, Jeddah: Islamic Research and Training Institute. Greuning, Hennie van and Zamir Iqbal (2008), Risk analysis for Islamic banks, Washington DC.: World Bank

Islamic Economic Studies Published from Islamic Research and Training Institute. Two issues per year Published since 1414Hijrah (1993) Accepts papers in Islamic economics, finance and related subjects. Address: Editor, Islamic Economic Studies IRTI, P.O.Box 9201, Jeddah 21413, Saudi Arabia. Past issues can be accessed by going to and clicking the publications tabwww.irti.org

Review of Islamic Economics Published by International Association of Islamic Economics and Islamic Foundation UK. Two issues per year. Published since 1995 Accepts papers in Islamic economics, finance and related subjects. Address: Editor, Review of Islamic Economics, Markfield Conference Centre, Ratby Lane, Markfield, Leicestershire, LE67 9SY, UK.

Journal of King Abdulaziz University – Islamic Economics Journal of King Abdulaziz University-- Islamic Economics Published since 1403H (1983). Initial name was Journal of Islamic Economics which was changed to the above name in Now publish two issues per year. Address: Editor in Chief, Journal of King Abdulaziz University – Islamic Economics, P.O. Box 16711, Jeddah, Saudi Arabia Can be downloaded from: ex.htm

IIUM Journal of Economics and Management The IIUM Journal of Economics and Management (JEM) is an internationally refereed journal published twice yearly by the Kulliyyah of Economics and Management Sciences, International Islamic University, Malaysia. In line with the objectives of the Kulliyyah and the University, the Journal is dedicated to the development, promotion and understanding of Islamic Economics in its widest sense, including issues related to management and accounting, in order to keep scholars and relevant institutions informed on research in the field of Islamic Economics. Published since 1408 H (1987). Two issues per year. Address: Editor, IIUM Journal of Economics and Management, Kulliyyah of Economics and Management Sciences, International Islamic University Malaysia, Jalan Gombak, Kuala Lumpur, Malaysia Web downlaod from: n.php

ISRA International Journal of Islamic Finance The ISRA International Journal of Islamic Finance (the Journal) is the official journal of the International Shari’ah Research Academy (ISRA). The journal will only publish high-quality, peer- reviewed articles which explore contemporary research issues within Islamic finance. The main objective of the Journal is to propel the development of knowledge and original thought in Islamic finance, particularly in the area of Sharī‘ah methodologies and processes. Address: Editor-in-Chief International Shari`ah Research Academy of Islamic Finance (ISRA) 2nd Floor, Annexe Block, Menara Tun Razak Jalan Raja Laut, Kuala Lumpur MALAYSIA Downloadable from: &view=category&layout=blog&id=64&Itemid=184