Introductory Mathematics and Statistics for Islamic Finance, + Website

Introductory Mathematics and Statistics for Islamic Finance + Website is a comprehensive guide to quantitative methods, specifically as applied within the realm of Islamic finance. With applications based on research, the book provides readers with the working knowledge of math and statistics required to understand Islamic finance theory and practice. The numerous worked examples give students with various backgrounds a uniform set of common tools for studying Islamic finance.

The in-depth study of finance requires a strong foundation in quantitative methods. Without a good grasp of math, probability, and statistics, published theoretical and applied works in Islamic finance remain out of reach. Unlike a typical math text, this book guides students through only the methods that directly apply to Islamic finance, without wasting time on irrelevant techniques. Each chapter contains a detailed explanation of the topic at hand, followed by an example based on real situations encountered in Islamic finance. Topics include:

• Algebra and matrices
• Calculus and differential equations
• Probability theory
• Statistics

Written by leading experts on the subject, the book serves as a useful primer on the analysis methods and techniques students will encounter in published research, as well as day-to-day operations in finance. Anyone aspiring to be successful in Islamic finance needs these skills, and Introductory Mathematics and Statistics for Islamic Finance + Website is a clear, concise, and highly relevant guide.

ABBAS MIRAKHOR is first Chair of Islamic Finance at the International Center for Education in Islamic Finance (INCEIF). Formerly, he served as Dean of the Executive Board of the International Monetary Fund (IMF) and as Executive Director representing Afghanistan, Algeria, Ghana, Iran, Morocco, Pakistan, and Tunisia.

NOUREDDINE KRICHENE taught Islamic finance at INCEIF, Malaysia, was an economist with the International Monetary Fund, and acted as an advisor to the Islamic Development Bank in Saudi Arabia.