Islamic finance: practical efficiency and ethics

This book offers a comprehensive comparative analysis of the two major global financial systems: Islamic finance and conventional finance. Through concrete and data-driven examples, it explores key concepts such as Mudarabah, Musharakah, Ijara, and Sukuk, contrasting them with interest-based loans and bonds. Real-world case studies — including agricultural projects in Cameroon and infrastructure development in Tanzania — illustrate the strengths and limitations of each approach. The book also highlights the ethical foundations of Islamic finance while addressing contemporary issues such as financial literacy and risk management for SMEs. It is an essential resource for professionals, researchers, and policymakers seeking to understand and apply these financial systems in a practical context.