This publication provides a refreshing overview of Islamic Finance, by addresing 5 most frequent misconceptions and highlighting 10 main value propositions of the fast-growing industry. Written in a simple, candid and reader-friendly manner responding directly to numerous frequently asked questions on Islamic Finance, the publication would particularly be useful for enlightening new markets which are interested in introducing Islamic Finance to their financial services sector.

To view the full version of the publication, please visit http://www.pwc.com/my/en/publications/gateway-to-asia.jhtml

International Shariah Research Academy for Islamic Finance (ISRA)

This issue of the ISRA International Journal of Islamic Finance is dedicated to a similar theme as the previous one, reflecting public concern for the well-being of Islamic banking and finance while complying with the true spirit of Shariah in the wake of the financial crisis. The reader will find that the six feature articles cover a broad range of Islamic finance issues ranging from the philosophical and structural framework of Islamic finance to the prospect of Islamic microfinance initiatives.

The main purpose of this paper is to review the microfinance scheme and discuss how Islamic banks can participate in such an endeavor without actually compromising the issue of institutional viability and sustainability. The paper is based on an extensive review of microfinance with the objective of building a case for Islamic banking to participate in a microfinance initiative. This paper concludes with a proposal to use of a special purpose vehicle (SPV) as one of the possible alternatives for Islamic banks channelling funds to the poor. It is worth mentioning that this paper won the Emerald Literati Network 2009 Outstanding Paper Award. Click here to read more.