The Islamic Finance Blog – News and Information

Islamic Finance: Recommended Booklist

Introductory literature on Islamic finance. Compiled by Atif Reza Khan, Director, Islamic Advisory Group (www.islamicadvisory.com).

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1. Shariah Standards for Accounting and Auditing for Islamic Financial Institutions (AAOIFI, Bahrain)

The latest industry standards

2. An Introduction to Islamic Finance: Theory and Practice, Zamir Iqbal and Abbas Mirakhor

An excellent introduction to Islamic finance

3. An Introduction to Islamic Finance, Mufti Taqi Usmani

A straightforward primer on the topic

4. The Problem With Interest, Tarek El Diwany

Amusing historical context

5. Financial Transactions in Islamic Jurisprudence, Sheikh Wahba al-Zuhayli

A comprehensive study of rulings and their proofs

6. Reliance of the Traveller, Ahmed Ibn Naqib al Misri

An indispensable traditional legal reference

7. Meezan Bank Guide to Islamic Banking, Dr. Imran Ashraf Usmani

An overview of the major products and their practical applications

8. Compendium of Legal Opinions on the Operations of Islamic Banks, Sheikh Yusuf Talal DeLorenzo

A compilation of common fatwas relating to Islamic banks

9. Anthology of Islamic Banking, Asma Siddiqi

A collection of essays by leading industry practitioners

10. The Historic Judgment on Interest, Mufti Taqi Usmani

A straightforward response to modernist appeals to legitimize Riba. An absolute must for a newcomer to the field

11. Islamic Law of Business Organization Partnerships, Imran Ahsan Khan Nyazee

A detailed primer on partnerships

12. Islam and Economic Development, Muhammad Umer Chapra

13. Partnership and Profit-Sharing in Islam, Nejatullah Siddiqi

14. Our Socio-Economic Order, Mufti Taqi Usmani

11 Comments

11 responses so far ↓

  • Aziz // January 8, 2008 at 9:59 am | Reply

    Who runs this website? Keep up the good work! How about an article about getting into the Islamic Finance industry.

    Salaam,

    Aziz

  • Haris Karim Zuberi // January 8, 2008 at 3:39 pm | Reply

    Walaikum assalam wa rahmatullah, Aziz.

    Thank you for your comment. I am a student of accountancy and finance from Pakistan. This blog was set up with the aim to be a “knowledge-center” on the Islamic Finance industry. Your suggestion is excellent; Insha Allah we will attempt to write something on this topic.

    Take care and salams,
    Haris.

  • Mahmood Shafqat // June 11, 2008 at 1:14 pm | Reply

    This is a good list which may be further expanded by including books from website of IRTI, most of them are freely available on their site http://www.irti.org. Further, the complete Riba Judgement of Supreme Court is available on the website of http://www.niyazi.com, which needs to be added. Moreover, a link to IFSB website containing regulatory standards for Islamic finanancial instiutions may also be added. A wealth of free literature is also available on the web on this subject. Keep up the good work.
    Regards

  • Najam // July 14, 2008 at 10:37 am | Reply

    Salams,

    Gud work keep it up!

    One course which I can recommend is from Institue of Islamic Banking in London
    it is a distance learning course. The course is very effective in introducing Islamic principles.(link attached)
    http://www.islamic-banking.com/

    So all da best!

  • shafiq // July 28, 2008 at 10:28 am | Reply

    dear haris

    thanx for such a nice blog. may Allah give you strength to continue it
    ameen

    shafiq

  • Tricia // November 27, 2008 at 7:18 pm | Reply

    I have loved your site for its useful and funny content and simple design.,

  • T. Lin // January 8, 2009 at 3:16 am | Reply

    Excellent informative website and Islamic Finance booklist reccomendations, I could only add “Basic Mechanics of Islamic Capitalism” (ISBN 978-988-17217-2-3) to the list.
    Yours truly,
    The Arab Chamber of Commerce & Industry

  • RowChoiff // May 23, 2009 at 1:05 am | Reply

    ehh… bookmarked..

  • Adeel Abdul Razzak // June 12, 2009 at 12:56 am | Reply

    Dear Haris

    I really apprecaite the hard work that you have put in the site. It clearly reflects your dedication towards Islamic finance
    I would like to know from where can i get the books in Karachi recomended by you

  • Muhammad Moiz Saify // June 24, 2009 at 3:36 am | Reply

    Asslamulaikum Haris,

    You have initiated good work for the awareness of the Islamic banking. Keep going brother. I just want to know that whether or not you have worked on the journal entries regarding all of the Islamic banking products so that we can easily assess the difference between the conventional accounting entries (debts and other financial products) and Islamic banking products (sukook, musharka etc).

    Based on my understanding, Islamic banking follows AAOIFI so please if you can reply the accounting entries of Sukuk according to AAOIFI or send me any sort of website link through with I can understanding the accounting entries.

    Jazakallah.

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