Book Review 1: Islamic Finance Principles and Practice

The publication of this excellent book by Professor Hans Visser is timely given the growing popularity of Islamic finance worldwide. Though, as pointed out by Professor Visser that Islamic finance constitutes a platform for Muslims to practice Islam in the modern world and to distinctly display their identity without isolating themselves from the rest of the world, Islamic finance has appeals to both Muslims and non-Muslims in terms of patronage and even intellectual discourse. New financial instruments have been actively developed by Western financial institutions. The International Monetary Fund’s (IMF) interest in forging cordial relations with the Islamic world also speaks of the growing acceptance of Islamic finance by the international community.