11.11.05

Islamic Banking: Fiqh and Financial Analysis

Here's to hail the publication of Islamic Banking: Fiqh and Financial Analysis, a first-of-its-kind and reader-friendly textbook--a comprehensive premier that readily imparts the beauties and strengths of sharia banking as an alternative banking, even to the uninitiated. Perhaps not yet available in local bookstores, it has marked a milestone in the development of Islamic Banking in Indonesia. In its preface, Dawam Rahardjo, chairman of the International Institute of Islamic Thoughts in Indonesia, succinctly illustrates the early development of sharia banking in Indonesia. The author, Adiwarman Karim, presides the Karim Business Consulting, a Jakarta based firm with a presence in Singapore. Adiwarman has fared well in his attempt to combine the fiqh (Islamic Jurisprudence) perspective with that of finance. Published by Rajawali, the book is highly useful not only to those beginning to land on the subject but also to those already in the business.