Islamic finance and contemporary economic practices: challenges and solutions / Mohammed Haikal Hanan … [et al.]

The fundamentals of Islamic economics, as well as the ways in which it affects society, are thoroughly examined in this book. Examining Islamic finance's principles, practices, and difficulties, as well as its unique financial offerings, regulatory environments, and ethical underpinnings, is the study. Regulatory compliance and risk management are two of the primary challenges that Islamic finance faces, and this paper outlines these issues and suggests ways to solve them. Islamic economics varies from the conventional economic system in that it places a strong emphasis on social justice. This document's overall goal is to increase understanding of Islamic banking and how it may support equality and social justice within the world financial system.