Based on lecture notes and handouts prepared for a comprehensive training course for the staff of Meezan Bank. Topics include Islamic contract, modes of financing, and investments. Today the world economic system that is based on interest has resulted in concentrating the wealth in the hands of selected few creating monopolies and widening the gap between the rich and the poor. In contrast Islam encourages circulation of wealth and regards its role as important to an economy as the flow of blood to our human body. Just as clotting of blood paralyzes human body, concentration of wealth paralyzes economy.
Assistance in translation, editing and compilation by Zeenat Zubairi.
The Author: Dr Muhammad Imran Ashraf Uthmani, son of the world renowned Islamic Scholar Mufti Muhammad Taqi Uthmani, holds a M.Phil and a Ph.D in Islamic finance. He also holds an Alamiyya and a Takhassus (specialization in Islamic Jurisprudence) from Jamia Darul Uloom Karachi. His area of expertise is Islamic finance in which he has carried out extensive research. he serves as Shari'ah advisor at Meezan Bank and conducts training sessions for its staff on Shari'ah issues relating to Islamic Banking.