Participatory Islamic Finance

Dr. Muhammad Nouman is currently serving as senior lecturer at the Institute of Business and Management Sciences, The University of Agriculture Peshawar, Pakistan. He has nearly thirteen years of teaching and research experience. He has also served at a Software house as a project manager and HR trainer. In addition, he also has exposure of working at the GPI Fund (pension fund management department) of Khyber Pakhtunkhwa (a northern province of Pakistan), and a Securities brokerage firm. Nouman has been a part of editorial boards of a number of journals related to Islamic banking and finance, investment management, and corporate finance. Moreover, he is member of apex academic and research committees of several Universities. Dr. Karim Ullah is currently working as Tenured Associate Professor at Institute of Management Sciences, Peshawar Pakistan. He has been awarded twice by the Government of Pakistan Higher Education Commission, for being the author of two books on Islamic Finance, which have been declared as the best books of the country for years 2015 and 2017, respectively. He also led a team to won multiple grants included the financial innovation challenge fund of UK Department for International Development and Central Bank of Pakistan, to lead the establishment of Centre for Excellence in Islamic Finance. Karim Ullah has nearly 15 years of teaching, research, and consulting experience. He is part of multiple editorial boards of impactful journals related to Islamic finance, do consulting and trainings to financiers, and remain part of apex committees related to the policy and standard developments for Islamic finance in multiple countries. 

Chapter 1. Introduction to Islamic banking and finance.- Chapter 2. The origin and history of participatory finance.- Chapter 3. The concepts, modes, and rules of participatory Islamic finance.- Chapter 4. The basic philosophy and axioms of participatory finance.- Chapter 5. The nexus between higher ethical objectives and participatory finance.- Chapter 6. Participatory finance as the essence of modern Islamic banking.- Chapter 7. The paradox of idealization in theory and marginalization in practices.- Chapter 8. Constraints to participatory financing in Islamic banking. Chapter 9. Application of participation based arrangements: The challenges and prospects.- Chapter 10. The variants of participatory finance.- Chapter 11. Domains of participatory finance in the major Islamic banking industries.- Chapter 12. Assessment and mitigation of risks in participatory financing.- Chapter 13. Experiments in participation financing.- Chapter 14. Spur of Musharakah financing in Pakistan and its major reasons.- Chapter 15. Adaptation and innovations in participatory financing.