This is the third book of the series of Notes on Islamic Economics. It studies the Islamic finance and banking part of Islamic economics in eighteen chapters. chapter 1 foundation of islamic financechapter 2 principles of islamic financechapter 3 introduction to islamic finance contractschapter 4 overview of islamic finance contractschapter 5 characteristics of islamic financechapter 6 maqasid al shari'ah in the prohibition of ribachapter 7 islamic financial intermediationchapter 8 comparison of islamic finance with conventional financechapter 9 islamic banking and developmentchapter 10 success factors of islamic bankschapter 11 the rise of a power alliance of wealth and shari'ah scholarshipchapter 12strategic trends in islamic banking and financechapter 13 risk management in islamic bankingchapter 14innovation in liquidity management instrumentschapter 15sukuk: islamic alternative to bondschapter 16service sukuk for financing public utilitieschapter 17cooperative micro finance: an islamic approachchapter 18ethical values in conventional and islamic finance
Monzer Kahf has a strong training and knowledge of Islamic Jurisprudence (Fiqh) and Islamic Studies. He got his Ph.D. in Economics at the University of Utah, Salt Lake City, USA He was director of finance at the Islamic Society of North America in Plainfield, Indiana (1975 - 1981) and then he went to private business in New York (1981 - 1985) working as financial and investment consultant. He then worked as research economist from 1985 to 1989, head of Research Division from 1989 to 1991 and senior research economist at Islamic Research and Training Institute (IRTI) of the Islamic Development Bank (IDB) in Jeddah (Saudi Arabia) from 1991 to 1999. From 2004 to 2005 he was professor: Islamic Economics and Banking in the graduate program of Islamic economics and banking, School of Shari'ah, Yarmouk University, Jordan. He wrote 35 books and booklets in English and Arabic, on Islamic banking and finance, Islamic economics, Zakah, Awqaf, including some which have become the standard reference manuals in the field. Some of Dr. Kahf's books are translated to Indonesian, Turkish, Russian and Korean languages. He wrote more than 100 articles, in English and Arabic, on Islamic finance and economics, Islamic public and private finance, Islamic banking, Zakah, Awqaf, including entries for the Oxford Encyclopedia of the Modern Islamic World. Recently he completed two landmarks of his works; 1) four books under the title of Notes on Islamic Economics: Theories and Institutions, the Third Charitable Sector, Islamic Finance and Banking and Public Finance, Economic Policy and Development and, 2) two Books on Islamic Finance Contracts (English) and Fundamentals of Islamic Finance (Arabic). Monzer is very active in associations, he is a founding member of the International Association of Islamic Economics, founding member of Association of Muslim Social Scientists of the United States of Canada, and he was part of the American Economic Association. He won from the President of Syria Award for the best University Graduating Student in 1962 and lately in 2001 he won the IDB Prize for Islamic Economics.
