The Bahrain Association of Banks (BAB) is publishing the world's first pocket-sized handbook on Islamic banking and finance.

The Handbook of Islamic Banking & Finance will be launched by BAB at the IMF/World Bank meetings in Washington, US, later this month.

It explains the intricacies of Sharia-compliant banking and finance.

Topics covered include retail and commercial banking, capital markets, asset management, Islamic insurance and governance and regulation.

It includes a comprehensive glossary of terms for those who are unable to distinguish between Ijara and Istijrar or Musharaka and Murabaha.

'Islamic banks have generally weathered the financial crisis,' said BAB chief executive officer Rober Ainey.

'With assets of about $1 trillion, the Islamic finance industry can expect further growth as it attracts more funds from the world's Muslim population.

'There is a clear need for coherent and jargon-free commentary on this important subject.'

The handbook is a 72-page paperback and costs BD6.5 ($17.25). Copies can be ordered from BAB, P O Box 1034, Manama, Kingdom of Bahrain.-TradeArabia News Service