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This book today in my hand is by Mufti Muhammad Taqi Usmani entitled “An Introduction to Islamic Finance” was published in The book is actually about. Justice Usmani of Pakistan, who chairs several Shari’ah supervisory boards for Islamic banks, clearly explains the various modes of financing used by Islamic. An Introduction to Islamic Finance. Front Cover · Taqi Usmani. Arham Shamsi, – Musharakah Mudarabah as Modes of Financing. Murabahah.

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Read, highlight, and take notes, across web, tablet, and phone. Springer Netherlands- Architecture – pages. The philosophy is enshrined in the traditional Islamic concepts of musharakah and mudarabah, along with their usmano modern variants murabahah, ijarah, salam, and istisna’.

An Introduction to Islamic Finance – Muhammad Taqi Uusmani, Muḥammad Taqī ʻUs̲mānī – Google Books

It teaches us the main requirement of interest-free-economics is – Profit earned on the exchange of money is interest. Although a little convoluted to comprehend along with the Arabic terminology, an excellent intro to Islamic Finance. Gonca rated it it was amazing Dec 03, He has also dealt with the practical issues involved in the application of the instruments and their possible solutions in the light of Quran and Sunnah. Since then, he has been teaching hadith and Fiqh at the Darul-Uloom, Karachi.

An Introduction to Islamic Finance. The author is a Hanafi Islamic Scholar and has remained the chairman and member of sharia supervisory boards of different Islamic banks in different parts of usjani world.

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Refresh and try again. Vanessa Steinmayer Limited preview – It teaches us that everything in Islamic finance is making a commodity.

Nabeel Beg rated it it was amazing May 04, Justice Usmani of Pakistan, who chairs several Shari’ah supervisory boards for Islamic banks, clearly explains the various modes of financing used by Islamic banks and non-banking financial institutions, emphasizing the necessary requirements for their acceptability from the Shari’ah standpoint and the correct method for their application.

User Review – Flag as inappropriate Interesting and a must read Mohamed Ahmed rated it it was amazing Jun 22, ingroduction Although the principles of Shari’ah require banks and financial institutions to be structured on an interest-free basis, this does not mean that such institutions are charitable concerns.

Khadija rated it it was amazing Jul 14, Interesting and a must read My library Help Advanced Book Search. It gives a broad view of few terminologies used in economics like Mudarabah, Musharabah, Ijarah, Salam, and Istisna.

An Introduction to Islamic Finance – Taqi Usmani – Google Books

Khairunnisamusari rated it it was amazing May 31, Islamic finance also focuses on circulating money and it does not make few people richer who already have money. Femj86 rated it really liked it Oct 30, He is an expert in the fields of Islamic Jurisprudence, economics, Tassawuf and Hadith.

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So, I recommend everyone to read and own this book in hard copy as well. He deals with practical problems as they arise in the course of his presentation, and offers possible solutions in each instance.

In the book author has successfully drawn attention that modes of financing are being used by the Islamic banks and financial institutions since last two decades, but all these instruments are not the substitutes of interest in the strict sense.

To nitroduction other readers questions about An Introduction to Islamic Financeplease sign up. Brilliant introduction to the topic, highly recommended.

A good book for the basic understanding of Islamic finance from a Shariah scholar’s perspective. It will also be wrong to presume that they may be used exactly in the same style as current conventional product is used.

He has tried to explain the basic concept underlying these instruments. Muhammad Usman rated it it was amazing Mar 26, In the book author has successfully drawn attention that modes of financing are being used by the Islamic banks and financial institutions since last two decades, but all these instruments are not the substitutes of interest in the fjnance sense.