In a world where conventional interest-based finance is the dominant framework, Islamic banking faces many challenges. This book is the first to address different Islamic banking issues from both the researchers and practitioners' perspective across the world, reviewing their past experiences of Islamic banks.

Islamic banking, finance & financial intermediation : developments & risk managment -- Productivity growth in the GCC banking industry, 1999-2007 : conventional vs. Islamic banks -- Analysis of the growth & rise of smaller Islamic banks in the last decade -- The development & scope of Islamic bank bonds (sukuk) -- Risk-based supervision for Islamic banking & areas of concern -- Iran's Islamic banking experience & the future -- Islamic banking structure & growth in the Sudanese Islamic banking sector -- Islamic mortgages -- The role of Islamic mortgages in the United Kingdom -- The Islamic Bank of Britain : a case study -- Appendix A: example of financial risk-management policies of an Islamic bank -- Appendix B: questionnaire for banking professionals.

Includes bibliographical references (p. 269-290) and index.