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9781666901030

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The second edition presents a rich discussion of the evolution of the ecosystem of Islamic 'equity-based' finance and its growth as an alternative to the traditional 'interest-based' financing model. This work also presents an excellent analysis of the emerging role of non-depository institutions and the importance of Islamic capital markets. The sheer scope and coverage of this book illustrates the immense opportunity presented by an alternative financing model based on equity, risk-sharing, and asset-backed financing strategy. I recommend this book to a wide range of readers, from students of business and finance to those involved in Islamic finance practice to market practitioners and regulators alike.--Hatim El-Tahir, Director, Consulting and Financial Services, Deloitte and Touche

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John Oluseyi Kuforiji is associate professor of economics and finance at Prince Mohammad Bin Fahd University in Saudi Arabia.

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