Introductionå

This Directory presents a comprehensive and detailed practical study of the Islamic financial products. It defines every product and elaborates on its applications and Shariah issues to serve as a guide and a reference for all those who are willing to study and understand Islamic finance, including researchers, academics and Shariah scholars. By so doing, Islamic finance shall be able to have more expertise resources to help develop the industry further. It is hoped that this Directory should help provide a straightforward platform to structure Islamic f inancial products in the right way and to streamline the way of application and implementation of these products. The Directory should also function as a manual for individuals and clients of Islamic financial institutions, since it educates them about their products and answers the questions they may have about them, including their Shariah foundations a legitimacy, especially those products whose Shariah compliance has been debated or whose ways of implantation have differed.