Advanced Science of Islamic Finance

ABOUT THE BOOKThe Advanced Science of Islamic Finance: Principle, Practice, and Modern Application offers a comprehensive examination of the principles and practices that underpin Islamic finance in today's dynamic economic environment. The book delves into the foundational concepts of Islamic finance, such as the prohibition of riba (interest) and gharar (excessive uncertainty), while providing readers with a solid understanding of how these principles influence financial transactions and products. Through detailed discussions on various Islamic financial instruments-such as Sukuk (Islamic bonds), Murabaha (cost-plus financing), and Takaful (Islamic insurance)-this book equips readers with the necessary tools to navigate the intricacies of Islamic finance effectively.