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Book Review: A New Financial Dawn: The Rise of Islamic Finance, by: Joseph DiVanna and Antoine Sreih, Reviewed by: Ahmed Saied Bamakhramah مراجعة علمية لكتاب: الفجر المالي الجديد: صعود التمويل الإسلامي - بقلم: جوزيف ديفانا وأنطوان سريح - مراجعة: أحمد سعيد بامخرمة

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  • Ahmed Saied Bamakhramah

    (Islamic Economic Institute King Abdulaziz University, Jeddah, Saudi Arabia)

Abstract

The code word for this book is Innovation. Utilizing innovation in the development of the next generation of products is the main theme of the book. The authors go beyond explaining the principles of Islamic finance and how different it is from conventional finance to prescribing the ingredients for market growth and development. Though innovation is a significant ingredient, seizing the opportunities to create Shariah-compliant products and preserving the theological and ethical foundations of Islamic finance are necessary elements.

Suggested Citation

  • Ahmed Saied Bamakhramah, 2011. "Book Review: A New Financial Dawn: The Rise of Islamic Finance, by: Joseph DiVanna and Antoine Sreih, Reviewed by: Ahmed Saied Bamakhramah مراجعة علمية لكتاب: الفجر المالي الجديد: صعود التمويل الإسلام," Book reviews and book reports published in the Journal of King Abdulaziz University: Islamic Economics. 207, King Abdulaziz University, Islamic Economics Institute..
    • Handle: RePEc:abd:jkaubr:207
    DOI: 10.4197/Islec.24-2.7
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