Developments in Islamic Finance Challenges and Initiatives
This book presents empirical research that addresses the latest issues and innovative products in Islamic banking and finance around the world. Chapters from expert contributors cover a wide range of topics, including the various issues in stock markets,
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DEVELOPMENTS IN ISLAMIC FINANCE Challenges and Initiatives Syed Aun R. Rizvi Irum Saba
Palgrave CIBFR Studies in Islamic Finance
Series editors Nafis Alam Business School Sunway University Selangor, Malaysia Syed Aun R. Rizvi Suleman Dawood School of Business Lahore University of Management Sciences Lahore, Pakistan
The Centre for Islamic Business and Finance Research (CIBFR) is a global center of excellence for developing Islamic business and finance as a scientific academic discipline and for promoting Islamic financial products, monetary and fiscal policies, and business and trade practices. Based at The University of Nottingham campus in Malaysia, CIBFR looks at the multi-dimensional aspects of Islamic business, cutting across the major themes of Islamic economics, Islamic finance and the Halal market. True to the pioneering nature of the research CIBFR undertakes, the Palgrave CIBFR Series in Islamic Finance offers empirical enquiries into key issues and challenges in modern Islamic finance. It explores issues in such varied fields as Islamic accounting, Takaful (Islamic insurance), Islamic financial services marketing, and ethical and socially responsible investing. More information about this series at http://www.springer.com/series/15190
Syed Aun R. Rizvi · Irum Saba Editors
Developments in Islamic Finance Challenges and Initiatives
Editors Syed Aun R. Rizvi Suleman Dawood School of Business Lahore University of Management Sciences (LUMS) Lahore, Pakistan
Irum Saba Institute of Business Administration Karachi, Pakistan
Palgrave CIBFR Studies in Islamic Finance ISBN 978-3-319-59341-8 ISBN 978-3-319-59342-5 (eBook) DOI 10.1007/978-3-319-59342-5 Library of Congress Control Number: 2017944223 © The Editor(s) (if applicable) and The Author(s) 2017 This work is subject to copyright. All rights are solely and exclusively licensed by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. The publisher remains neutral with regard to jurisdictional claims in published maps and institutional affiliations. Cover illustration: Pattern
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