Islamic Finance: Law, Economics, and Practice
Mahmoud A. El-Gamal
The definitive academic treatment of Islamic finance from an economist's perspective
The most rigorous academic treatment of Islamic finance available in English. El-Gamal examines Islamic finance through an economist's lens — covering legal foundations, economic rationale, and practical implementation.
Mahmoud El-Gamal's Islamic Finance: Law, Economics, and Practice is the gold standard academic text on Islamic finance — essential for anyone who wants to understand the field beyond introductory level.
Unlike purely jurisprudential treatments, El-Gamal brings modern economics to bear on Islamic finance principles — asking not just "what does Islamic law say?" but "what are the economic effects, and do Islamic finance products in practice achieve the goals Islamic law intends?" This produces some of the most honest and valuable analysis available.
Mahmoud A. El-Gamal
Chair in Islamic Economics, Finance & Management · Rice University, Houston
Professor of economics at Rice University and one of the most cited academic scholars in Islamic finance. Known for his rigorous economic analysis and honest critique of mainstream Islamic finance practice.
All books by this authorThis book is part of a structured 10-unit course — 185+ lessons, every one with a real-world action. Go from reading to doing.