To truly understand the current interest in the development of Islamic banking and finance in South-East Asia, and how it is different from the conventional banking system, the author believes one must firstly understand the religious relationship originating from the Qur'an, and then trace the historical geographic and political developments of Islam over recent centuries. Only on this basis can the reader, without prejudice or cynicism, begin to appreciate the subject matter of Shari'ah Law and Islamic Jurisprudence that confronts the title of this book. With this platform established in the first part of the book, readers will begin to learn of the financial products and services offered, appreciate the challenges in their development, and ultimately recognize the significant opportunities that Islamic banking and finance can provide both Muslims and non-Muslims.
Contents:
- Islamic History
- Shari'ah Law and Islamic Jurisprudence
- Islamic Commerical Law
- Islamic Financial Products
- Issues and Challenges of Islamic Banking Today
- Islam in South-East Asia
- Colonial Legacies
- Islam and State Law in South-East Asia
- Islamic Banking in Malaysia
- Islamic Banking in Indonesia
- Labuan: A Niche in the Islamic Money Market
- Islamic Banking in Brunei
- Banking in Singapore
Readership: Investors; bankers; financial industry players; upper-level undergraduates and post graduate students in Islamic studies/banking/finance.
“The author has done an excellent job of taking the reader through a variety of linked elements as they relate to Islam, e.g., history, law, economic development, culture, finance, banking … which have then been described within a variety of countries in the South-east Asian region.”
Charles F Steilen
Hawaii Pacific University, Honolulu
“Very well-written and informative … The author succeeds where most writers on this subject fail. He has produced a balanced and well-written study, which at no point in the text slips into value judgement. In this sense, he sets a standard for future studies of this ever-changing field. Angelo M Venardos's book is about a mature modern banking system and the challenges of adapting to a changing business environment characterized by the globalization of the financial industry and the increasing sophistication of banking business.”
Mamouda Mbemap
Editor
Journal of Restructuring Finance
“This volume will be of value to anyone interested in the history, methods, and rules of Islamic finances in Southeast Asia. It is written by a non-Muslim who views the subject through a different prism, which makes the book unique.”
Choice
Angelo M Venardos has degrees in Economics, Marketing, an MBA, a Masters of Jurisprudence (Corp & Com Law), and is presently completing a Doctorate of Legal Science, in the area of the global regulation of offshore financial centers. A banker by training, he commenced his international career in Hong Kong in 1978. Born in Australia of Greek parents from the island of Kytheria, he has two daughters, Alexandra and Christina. Angelo is a Permanent Resident of Singapore, where he works in the wealth management field of trust and offshore company services.
