Open AccessJoseph DiVanna and Antoine Sreih A New Financial Dawn: The Rise of Islamic Finance Leonardo and Francis Press Ltd. Cambridge, UK, 2009, pp. 166.
Author(s) -
Ahmed Bamakhramah
Publication year - 2011
Publication title -
journal of king abdulaziz university-islamic economics
Language(s) - English
Resource type - Journals
eISSN - 1658-4244
pISSN - 1018-7383
DOI - 10.4197/islec.24-2.7
Subject(s) - islamic finance , theme (computing) , islam , islamic banking , management , economics , law and economics , philosophy , theology , computer science , operating system
The code word for this book is "Innovation". Utilizing innovation in the "development of the next generation of products" is the main theme of the book. The authors go beyond explaining the principles of Islamic finance and how different it is from conventional finance to prescribing the ingredients for market growth and development. Though innovation is a significant ingredient, seizing the opportunities to create Shariah-compliant products and preserving the theological and ethical foundations of Islamic finance are necessary elements.