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Introductory Mathematics and Statistics for Islamic Finance

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Author(s): Mirakhor, Abbas

Krichene, Noureddine

Publisher: John Wiley & Sons

Pub. Date: 2014

pages: 498

ISBN: 978-1-118-77969-9

A unique primer on quantitative methods as applied to Islamic finance Introductory Mathematics and Statistics for Islamic Finance is a comprehensive guide to quantitative methods,specifically as applied within the realm of Islamic finance. Withapplications based on research, the book provides

A unique primer on quantitative methods as applied to Islamic finance

Introductory Mathematics and Statistics for Islamic Finance is a comprehensive guide to quantitative methods,specifically as applied within the realm of Islamic finance. Withapplications based on research, the book provides readers with theworking knowledge of math and statistics required to understandIslamic finance theory and practice. The numerous worked examplesgive students with various backgrounds a uniform set of commontools 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 Islamicfinance remain out of reach. Unlike a typical math text, this bookguides students through only the methods that directly apply toIslamic 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 inIslamic finance. Topics include:

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

Written by leading experts on the subject, the book serves as auseful primer on the analysis methods and techniques students willencounter in published research, as well as day-to-day operationsin finance. Anyone aspiring to be successful in Islamic financeneeds these skills, and Introductory Mathematics and Statisticsfor Islamic Finance is a clear, concise, and highlyrelevant guide.

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