Chancellor introduces ground breaking guide to Islamic Finance

(MENAFN Press) For most of the Western institutions interested in Islamic finance authentic information on structuring of Shari'a compliant financial products remains scarce. The Chancellor Guide to the Legal and Shari’a Aspects of Islamic Finance, to be published this month, is the first publication of its kind to explain many of the most important legal dimensions of Islamic Finance.

Bringing together 19 legal practitioners and advisers the 355 page Guide offers practical insights on Islamic Finance and will be of value to experts and laypersons alike.

The Guide covers a wide range of asset classes including insurance, hedge funds, syndication, trade finance, real estate, wealth management, project finance, derivatives, and private equity.

Contributors to The Guide, co-edited by leading Shari’a technician Dr. Humayon Dar and Islamic lawyer Umar F. Moghul, draw on several years of experience in Islamic Finance product development and leading financial institutions counseling.

Law schools and other academic institutions worldwide will find the Guide to be a reliable reference source in this fast expanding field of study. More importantly, it will serve as a reference book for those involved in structuring of Islamic financial products. "There was an important gap in literature on Islamic finance. On one hand, we had purely academic works and on the other hand books written as no more than training notes. This Guide is the first of its kind to offer a complete toolkit to those involved in structuring of Islamic financial products," said Dr Humayon Dar, CEO of BMB Islamic.

The publication of The Guide was made possible by the support of leading players in the Islamic Finance sector, including Dubai International Finance Centre (DIFC), The BMB Group, Hong Leong Islamic Bank, Path Solutions and Trident Trust.