"This volume will be treated as an asset of great value."
Jeremy Martin
Trowers & Hamlins

Western bankers and finance specialists interested in Islamic banking have often been confused over the precise interpretations of the Shariah Law despite the increasing standardisation of Islamic financial instruments. The rulings of particular Shariah advisors have frequently been misunderstood, and concerns have been expressed over the lack of consistency between the practices of different institutions offering financial services.

The publication for the first time of the legal opinions sought by leading Islamic banks is a very welcome development, as it will help resolve some of these issues.
It brings unprecedented clarity and transparency.

The publication should help ensure that there is even greater respect for Islamic banking practices from conventional bankers, and it will facilitate greater understanding by Western financial analysts of what exactly Islamic banking involves.

Muazzam Ali, the Chairman of the London based Institute of Islamic Banking and Insurance, deserves to be congratulated for the publication of this extremely useful volume that will serve as a standard source of legal reference for many years to come.
Review by
Professor Rodney Wilson
University of Durham, UK

"…your Institute is to be commended for having commissioned this work. To the extent I have read and heard discussions about various aspects of Islamic banking, it has sometimes seemed to me that some of the discussants had little greater understanding of the Islamic Law which underpins it than I do. One thinks of post-graduate students in my case, of course; previously I had little idea of what members of the Ulema would say about such issues.

But now I do have a record of what they say, for which I will be eternally grateful. These opinions lie at the heart of Islamic Banking; they provide the flesh to the outlines set out in the Quran and the Hadith."
Professor Trevor E Gambling, Professor Emeritus, Birmingham University, UK

"This will be of great interest to me and is also, I believe, of great value to all involved in Islamic Banking. The Institute deserves to be congratulated for the preparation of this excellent work, which must have taken a great deal of time and effort to produce.

Justin (Turner) and I are now looking through the Compendium to try to identify answers to a number of points. We have already found the answer to a question which has been puzzling us for some time, and our initial reaction is that the book is laid out in a most user friendly manner."
Michael Clode
Freshfields