The core concern that these papers convey is what must be done to render Islamic finance efficient, competitive and well integrated with the global financial system…. This is a collection of significant, perceptive and insightful papers that is indispensable to understanding operational aspects of Islamic finance. By transcending the heat created by the vacuous debate questioning the validity and viability of Islamic finance, this collection of papers generates the light of understanding focused on the pragmatics of the institutional scaffolding needed to allow Islamic finance to deliver on its promises. At a minimum, this book should become a required reading for all who are interested in an alternative financial system, particularly in this post-financial crisis Stage.
Dr Abbas Mirakhor
Former Executive Director, International Monetary Fund
and Internationally renowned authority on Islamic finance
This book is a collection of Dr. Venkataraman Sundararajan's Writings on Islamic Finance. It is an example of his intellectual strength, his analytic rigor and flair to put complex professional materials in a language that "non-experts" can readily understand, and his unique ability to give policy advice to both technocrats and top decision makers.
Dr P R Narvekar
Former Deputy Managing Director, International Monetary Fund
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