Demand for Sharia-compliant finance and an increasing alignment between Islamic finance and the global ethical finance movement has led to unprecedented and accelerating growth within the sector. This is evidenced not only by the Islamic finance market’s size, but also by the growing number of Islamic finance providers beyond banks, and the increasing diversity of products and services. Sharia-compliant funds and takaful (Islamic insurance) have emerged as substantial markets in their own right. Technology has played its part in that evolution and with the exponential growth of artificial intelligence (AI) has come increasing awareness of the ethics of finance. Today, Islamic finance attracts sovereigns, financial institutions, multinationals, corporates and customers across the retail spectrum who are looking to access Islamic liquidity across sukuk (Islamic bonds), corporate, retail, acquisition, funds, development and project financings. This third edition features fully updated, insightful chapters by leading Islamic finance practitioners and analyses market trends, key developments and structures for sukuk, syndications, funds, takaful, project financing and Islamic liquidity management. New to this edition are chapters on fintechs, AI ethics and derivatives. Islamic Finance: A Practical Guide makes essential reading for anyone already engaged in Islamic financing transactions as well as those interested in gaining an understanding of the Islamic finance market and the structures underpinning the world’s fastest-growing finance sector.