Islamic Financial Management, Vol 2
This textbook explores the application of Islamic financial management in modern firms providing students with a framework that merges Islamic jurisprudence with financial theory in practice. A revised translated version of Turkish edition, İslami Finansal Yönetim – Sistem ve Uygulama (Nobel Akademik Yayıncılık 2021), and complimentary to Islamic Financial Management Vol 1: Fundamentals, Institutions, and Financial Analysis, this book dives into financial decision-making in Islamic firms—from capital budgeting and risk management to working capital strategies, dividend policies, and mergers and acquisitions. It also explores issues such as sukuk and Sharia-compliant financial strategies and provides online electronic supplementary materials for professors.
Each chapter is structured to support student learning and classroom adoption through a range of pedagogical tools, including
• Learning outcomes that establish measurable objectives
• Opening case-based scenarios that place key concepts in practical business contexts and encourage critical reflection
• Applied examples and calculations that demonstrate the practical application of Islamic financial principles
• Discussion questions that encourage reflection and critical thinking
Designed for advanced undergraduate and graduate students, as well as practitioners seeking to apply ethical, Sharia-compliant financial strategies in corporate environments, this texts equips readers with the analytical tools needed to navigate financial decision-making through a dual lens of finance and Islamic ethics.
Osman Okka is a distinguished academic in the field of business administration and finance with a career spanning over five decades. His is Head of the Business Administration Department at KTO Karatay University (Turkey). He is co-author of the Turkish language textbook İslami Finansal Yönetim (Nobel Akademik Yayıncılık 2021).
Hasan Kazak is an associate professor of finance in the Department of Finance, Banking, and Insurance at Necmettin Erbakan University (Türkiye). His areas of expertise are in Islamic financial management, economic development with Islamic finance, sustainable finance, Shariah-compliant financial systems, and comparison of conventional finance and Islamic finance. He is co-author of the Turkish language textbook İslami Finansal Yönetim (Nobel Akademik Yayıncılık 2021).
M. Kabir Hassan is a Professor of Finance at the University of New Orleans (USA) and is a globally recognized scholar in Islamic finance, banking, and financial economics. His research has been published in international peer-reviewed journals, and he has authored or edited numerous books on Islamic finance. He has also served as a consultant to organizations such as the World Bank, International Monetary Fund (IMF), and the Islamic Development Bank, and has played a role in developing the academic foundations of modern Islamic financial systems.
Ahmet Tayfur Akcan is a professor of macroeconomics in the Department of International Trade and Finance at Necmettin Erbakan University (Türkiye). His areas of expertise include macroeconomics, employment, inflation, economic growth, financial econometrics, and Islamic finance. Dr. Akcan has published research on the dynamics of labor markets and financial systems, with a special interest in the intersection of Islamic principles and modern economic frameworks.