Written by A.L.M. Abdul Gafoor, this book studies the problem of eliminating riba (interest) from the banking system from basic principles. Using a general model of the commercial bank lending process, it shows that riba can be eliminated from modern commercial banking without resort to drastic measures. It presents a commercial banking system that is free of riba, and yet is fully viable and compatible with current practices in the conventional system.

A discussion of the monetary policy and banking in Islam.

Umer Chapra: Towards a Just Monetary System: A Discussion of Money, Banking, and Monetary Policy in the Light of Islamic Teachings.

This collection of papers deals with the distinguishing characteristics of an Islamic economy which have a bearing on monetary and fiscal policies and the objectives and instruments of monetary policy in an Islamic economy.

It also takes a thorough examination of the experiment in Islamic banking in different parts of the world in general, and the Report of the Council of Islamic Ideology of Pakistan on the elimination of interest from the economy in particular.

A unique subject-wise collection of 'Fatwas' (legal opinions), relating to the operations of Islamic banks.

The Compendium is based on Fatwas issued by the religious boards of Islamic banks.

It took two years to collect, classify and translate the Fatwas from Arabic to English. The Arabic and English texts appear in the Compendium side by side.

The translation, classification and presentation of the material is by Yusuf Talal Delorenzo, an outstanding Islamic scholar with mastery of both the English and Arabic languages.

Tries to make the case that Islamic economics is not a genuine answer to the world's economic problems, and that it is a political movement by Islamists.

Timur Kuran: Islam and Mammon: The Economic Predicaments of Islamism.

"Valuable reading for anyone who wants to understand Islamic banking and its formal and informal societal and political relationships."

"This timely book demonstrates how in-depth academic scholarship can make a signal contribution to a major topical issue of public policy."

"They are the leading experts on the political economy of Islamic banking, and the book will attract the interest of all who wish to understand this phenomenon."

A comprehensive survey of Islamic banking. . . . Recommended for anyone interested in the theory and practice of Islamic banking. Outstanding in contextualizing the evolution of and demand for Islamic banking on its path through our common history.

Mervyn Lewis, Latifa Algaoud: Islamic Banking (Elgar Monographs).

This important book critically examines the traditional interpretation of "riba (translated as usury of interest) and the attempts of modern Islamic banks to put that interpretation into practice.

The first part of the book examines the prohibition and interpretation of "riba in Islam, as well as the controversies surrounding it. The second part examines the alternatives to interest-based financing utilised in Islamic banking and the problems associated with such alternatives with particular focus on "mudaraba, musharaka and "marabaha.

In the past decade, Islamic finance has grown at rates exceeding 20% a year. It is now a $200 billion industry, with operations in over 70 countries.

This book explains the paradox of a system rooted in the medieval era thriving in the global economy.

It traces the evolution of Islamic finance, explores its significance from a historical and comparative perspective, and considers the strategic, marketing, managerial, political, economic, regulatory and cultural challenges faced by Islamic institutions.

Mirroring the expansion of wealth in the Middle East and Asia and a surge in Islamic self-identity, Islamic banking practices have either become the law of the land or coexist and compete with Western practices in at least six countries.