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Yasushi Suzuki and Mohammad Dulal Miah (Editors)
Dilemmas and Challenges in Islamic Finance –
Looking at Equity and Microfinance
Routledge, London, 2018, pp. 216

Islamic finance has witnessed a phenomenal growth during the past couple
of decades. However, this remarkable growth has also been accompanied by some
challenges and dilemmas. Islamic finance today is at the crossroads where resolving
these issues is a prerequisite for its future sustained growth. The current book under
review, edited by Yasushi Suzuki and Muhammad Dulal Miah, highlights and
discusses some of the issues and dilemmas the Islamic finance industry is facing today.
The book comprises of 11 Chapters divided into three parts. Part I deals with the
dilemmas related to the prohibition of ribā and gharar. Part II elaborates on the
challenges related to Islamic equity finance and microfinance and Part III is devoted to
the discussion of the dilemmas and challenges related to the governance structure of
Islamic finance. This article reviews and critically evaluates the aforementioned book.