Islamic finance also known as asset based or participatory finance has emerged as an effective tool for financing development worldwide . Islamic economic studies vol 13 no 2 february 2006 islamic banking and finance in theory and practice a survey of state of the art mohammad nejatullah siddiqi. Phd islamic finance is accredited distance learning doctorate degree phd in islamic banking and finance candidates do prepare a research based dissertation. Centre for research on islamic banking finance and business. 1 how islamic financial instruments can be used in international trade 2 a mechanism for inter bank transactions for islamic and conventional banks 3 can sharia
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