IsDB Institute Announces New Book Titled 'Essentials of Islamic Finance'

The Islamic Development Bank Institute (IsDBI) has announced the publication of 'Essentials of Islamic Finance', a new book offering an in-depth analysis of the foundational principles of Islamic finance and their relevance to addressing contemporary global economic challenges. The book was authored by Acting Director General of IsDBI Dr. Sami Al-Suwailem.

 Originally developed as a teaching note in 2011, the book has evolved into a substantially revised and expanded volume. It builds a systematic framework for understanding Islamic finance by integrating Shariah principles, economic reasoning, and real-world applications. This English edition reflects extensive updates to content, references, and examples, responding to contemporary developments such as global financial crises, post-pandemic inflation, and rising concerns over debt sustainability.

 The book focuses primarily on the principles of Islamic finance, emphasizing the ethical and economic foundations that distinguish it from conventional financial systems. It explores key concepts such as the role of zakat and nonprofit activities, and the essential linkage between finance and real economic activity. The book highlights Islamic finance as a moral and economic framework aimed at promoting justice, stability, and shared prosperity.

 In a Foreword to the book, IsDBI Board of Trustees Member Prof. Bambang Susantono said, "This work is both a rigorous scholarly contribution and a practical guide that bridges Islamic legal principles with contemporary economic thought. The author presents the foundational principles of Islamic finance from an intellectually grounded perspective, while also introducing the relevance of these principles to the global financial systems."

 'Essentials of Islamic Finance' is primarily aimed at economists, finance professionals, policymakers, regulators, and researchers seeking a structured, intellectually grounded understanding of Islamic finance. It also remains accessible to readers interested in Shariah-based economic systems, making it a valuable resource for academic instruction, policy dialogue, and professional reference.

 The publication forms part of IsDBI's broader mandate to advance knowledge and capacity building in Islamic economics and finance, and to contribute to the development of more resilient, inclusive, and ethical financial systems worldwide.