The Islamic financial industry has experienced exponential growth. New forms of financial institutions and products had emerged in banking, Takaful, and other financial industries. In turn, new theories and concepts had been developed to broaden the scope of Islamic finance to encompass more aspects such as financial markets, economic systems, and accounting. This exponential growth in Islamic finance has raised the need for professionals who are well acquainted with the Islamic finance discipline. This book covers the fundamentals of Islamic finance; philosophy, concepts, methods and products that are based on social justice.

The current focus of the Islamic financial industry is skewed towards the disciplines of finance and accounting vis-a-vis product development but lacks attention on management of Islamic financial institutions in particular and business organizations in general. This book then bridges that gap by providing an understanding of how Islamic business ethics influence management practices and change the behaviours of these organizations.