This second volume of the series "Essays In Islamic Finance" investigates numerous topics related to the Islamic Banking industry.

What are some of the historical examples of Maqasid Al-Shari'ah in financial transactions?

Is Islamic Finance really a profit and loss sharing system? Is there any evidence that there is any juridical preference of equity over debt?

How beneficial are the AAOIFI Shari'ah Standards?

How close are our modern scholars following our classical scholars?

Where is the Islamic Banking market growing the fastest, and what is the evidence that it is much larger than reported?

Is there any truth to the critics' claims that transparency is lacking within the industry?