Publisher: Essvale Corporation Limited (Sep 2009)
Language English
Description – Amazon.com
Industry experts are predicting that the growth of the Islamic Finance industry will exceed 20 per cent per annum. Other experts believe that in the future, the Islamic Finance industry could become a major competitor to the conventional finance industry. Islamic Finance is expected spread beyond Muslim countries – as seen in Europe where it has already made considerable headway in the UK, Germany and Switzerland. “Business Knowledge for IT in Islamic Finance” deals with the convergence of business and IT in the Islamic finance industry and is designed to provide the platform for IT professionals to exploit the future demand for talent in this industry.The chapters in this book contain information on the fundamentals of Islamic finance, the features that sets the Islamic finance industry apart form the mainstream finance industry, a number of the prohibitions and business ethics in Islamic Finance , overview of business transactions and the legal process underpinning these transactions; major players in the Islamic Finance world; and, major systems from notable vendors used for lending, financing , capital markets transactions and insurance in the Islamic finance space. “Business Knowledge for IT in Islamic Finance” is an invaluable handbook for professionals working in the Islamic Finance and crossovers. It is targeted at IT professionals such as: project managers; application developers; development managers; test managers; business analysts; data analysts; systems analysts; test analysts; support analysts; database administrators; and, HR staff responsible for IT recruitment.
Business Knowledge for IT in Islamic Finance deals with the convergence of business and IT in the Islamic finance industry and is designed to provide the platform for IT professionals to exploit the future demand for talent in this industry.
The chapters in this book contain information on the fundamentals of Islamic finance, the features that sets the Islamic finance industry apart from the mainstream finance industry, a number of the prohibitions and business ethics in Islamic Finance , overview of business transactions and the legal process underpinning these transactions; major players in the Islamic Finance world; and, major systems from notable vendors used for lending, financing , capital markets transactions and insurance in the Islamic finance space.
Chapter 3 discusses Islamic banking; its principles and how it works. Chapter 4 discusses Islamic Insurance (Takaful) and the reinsurance (Retakaful) subsectors of the Islamic finance industry.
Chapter 5 discusses Islamic leasing (Ijarah) and includes topics such as the types of leasing arrangements and implementation issues in Ijarah financing.
Islamic Securitisation is discussed in Chapter 6 while recent trends in the Islamic finance sector are the subject of discussion in Chapter 7.
In Chapter 8, Financing practices in Islamic Finance such as working capital finance, mortgages and trade finance are discussed.
The IT–specific section of the book is contained in Chapters 9 and 10. Chapter 9 discusses the common systems used in Islamic finance; a discussion on the IT situation in Islamic Finance is also included. IT projects that can be executed in the Islamic Finance industry are discussed in Chapter 10.
Islamic Finance Expert 
Good to know that such a book is available,. please let me know if this includes full IT details including accounting entries required for Islamic Banking products.
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This book includes all the details about the IT systems and implementation in Islamic financial organization. Does not specifically includes accounting entries.
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