GMB Publishing Ltd

GMB Publishing Ltd

November 20, 2008 03:45 ET

Islamic Finance is Helping Fill the Liquidity Gap Caused by the Global Crisis in Conventional Banking-This NEW BOOK Explains How

LONDON, UNITED KINGDOM--(Marketwire - Nov. 20, 2008) - A new book, published this week, called Islamic Finance: A Guide for International Business and Investment aims to support international investors and finance professionals now considering the buoyant Islamic Finance sector.

This book has been produced in association with the Institute of Islamic Banking & Insurance, London.

While the global economy remains uncertain, Islamic Finance is steadily growing at an annual rate of 10 to 15 per cent, and is estimated to be currently worth $800bn. Although Islamic financial products do not pay interest they can often be as advantageous, or more so, than conventional products. And, at a time, when derivatives-based markets have failed, Islamic financial instruments, based on the firm establishment of underlying assets are going to be ever more popular.

This new book provides accessible advice and up-to-date guidance for foreign investors helping them understand the principles and current practice of Islamic banking and Shari'a-compliant finance. The book outlines the background to Islamic Finance, examines Islamic Financial products including loans, mortgages, trade finance, investment banking and takaful and explores important regulatory issues. With contributions from leading industry experts including the Institute of Islamic Banking and Insurance, Denton Wilde Sapte LLP, State Bank of Pakistan, Al Rajhi Bank, the Islamic Bank of Britain and the Bank of London and the Middle East, this new book is an essential resource for organisations engaged in business development, asset management, banking and finance in an Islamic context.

Mr Mohammad A. Qayyum, Director General of the Institute of Islamic Banking and Insurance (IIBI) remarks: "In the years to come, the growth in Islamic banking looks set to continue to make rapid progress as more and more, the great reserves of wealth of Muslims are diverted away from conventional banking practices. This book is invaluable in understanding how the principles of Islamic financing and investments are being practised in modern times."

Note to Editors:

About GMB Publishing:

GMB Publishing has 15 years experience in international business and investment publishing. Based in the city of London, GMB's publications serve an international audience of investors, lawyers, banking professionals, academics and students.

Additional Book Details:
Pounds Sterling 79.50 / $143.00
Paperback, 216 pages
ISBN: 978-184673-0788
Published November 2008

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Contact Information

  • For more information or to request a review copy
    please contact: GMB Publishing
    Siobhan Dennehy, Marketing Manager
    0203 031 2902 or Mobile: 07796 597 763