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Islamic Finance in the Global Economy

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Title: Islamic Finance in the Global Economy
by Ibrahim Warde
ISBN: 0-7486-1216-5
Publisher: Edinburgh Univ ersity Press
Pub. Date: 15 July, 2000
Format: Hardcover
Volumes: 1
List Price(USD): $42.00
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Average Customer Rating: 4.67 (3 reviews)

Customer Reviews

Rating: 5
Summary: excellent book
Comment: this an excellent book, very comprehensive and clearly written, which could be read by both beginners and specialists. i recommend it highly.

Rating: 4
Summary: A Good Reading
Comment: This is a good reading but it lacks reference to all the sources from which the ideological foundation of Islamic Economic System has been derived. If you are interested in a rational ideological background of Islamic Economics the following two books are also a must read:

1. Society and Economics in Islam :Writings and Declarations of Sayyid Mahmud Taleghani by Sayyid Mahmud Taleghani, Prof. Hamid Algar (Editor) (available on amazon)

2. Our Economy by Muhammad Baqir As-Sadr

Rating: 5
Summary: By far the best book on Islamic banking and finance
Comment: After the frustration of looking for a good book on the subject of Islamic banking and finance, I was glad I found 'Islamic finance in the global economy'. It is by far the best, most comprehensive and most readable book on the subject. The author has an encyclopedic knowledge of the subject in all its ramifications (religion, finance, economics, politics, history, etc.), yet his erudition does not stand in the way of clarity. Indeed, Warde is a superb writer, and the book can be read and enjoyed by a wide range of readers - bankers and other professionals, academics and researchers, students, etc. While the book's lucid and fluid style makes it accessible to those who are new to the subject, it will be equally valuable to those well versed in the subject: academics, experts, Shari'ah advisers (who will not doubt use it as a handy reference book). Indeed it is heavily footnoted and has a comprehensive index. As the title indicates, it is a book about Islamic finance 'in the global economy'. As such it provides a welcome departure from most books on the subject, which are really about theology, and not about the 'real world' of Islamic finance. One criticism of the book is its rather steep price. Although it is in my opinion worth every penny, the book will be out of the reach of most of its potential audience. The publisher may assume that bankers can afford it, but I feel that its potential audience is much larger: certainly all students of Islamic economics and finance will want to read it. (I assume however that there will be at some point a paperback edition.) M. Osman, London

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