Islamic Finance in the Global Economy Review

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Islamic Finance in the Global Economy ReviewAfter the frustration of looking for a good book on the subject of Islamic banking and finance, I was glad I found 'Islamic finance in the global economy'. It is by far the best, most comprehensive and most readable book on the subject. The author has an encyclopedic knowledge of the subject in all its ramifications (religion, finance, economics, politics, history, etc.), yet his erudition does not stand in the way of clarity. Indeed, Warde is a superb writer, and the book can be read and enjoyed by a wide range of readers - bankers and other professionals, academics and researchers, students, etc. While the book's lucid and fluid style makes it accessible to those who are new to the subject, it will be equally valuable to those well versed in the subject: academics, experts, Shari'ah advisers (who will not doubt use it as a handy reference book). Indeed it is heavily footnoted and has a comprehensive index. As the title indicates, it is a book about Islamic finance 'in the global economy'. As such it provides a welcome departure from most books on the subject, which are really about theology, and not about the 'real world' of Islamic finance. One criticism of the book is its rather steep price. Although it is in my opinion worth every penny, the book will be out of the reach of most of its potential audience. The publisher may assume that bankers can afford it, but I feel that its potential audience is much larger: certainly all students of Islamic economics and finance will want to read it. (I assume however that there will be at some point a paperback edition.) M. Osman, LondonIslamic Finance in the Global Economy Overview

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