Mechanics of Islamic Finance - Essay Example

Though Islamic Finance is still in its infancy with some serious limitations it still can offer a relatively critical and most important alternative system that can offer the same. My purpose of the study therefore is to study this field at academic level and explore further the relative dynamics and mechanics of Islamic Finance and how it can be appropriately applied at Banks so that Banks and other financial institutions not only diversify their range of options but also engage themselves into non-speculative activities to safeguard the interest of their stakeholders.

Since Islamic Finance is unique in the sense that it considers depositors and borrowers as owners therefore the implications of such assumptions make Islamic Finance a more unique blend to study and understand for securing the conventional financial system. I would request admission committee to consider my credentials for this course and allow me admission at a Ph.D. level for this course so that I can engage myself into researching and studying one of the most critical approaches to dealing with Financial matters in our daily lives.