The Chancellor Guide to the Legal and Shari'a Aspects of Islamic Finance

Chapter 1: Background to Islamic Banking and Finance

This chapter focuses on the historical development of Islamic banking and finance, including the legal and Shari'a issues that helped / hampered development of Islamic finance over the last five decades. A particular focus of the chapter is on why the profit and loss sharing based model of Islamic banking could not be developed as envisioned by the early proponents of Islamic banking. The chapter also explains why Islamic banking has evolved into a viable banking system, particularly in the last decade.

Order The Chancellor Guide to the Legal and
Shari'a Aspects of Islamic Finance Now