Evolution of Islamic Financial & Capital Market

This chapter provides a base for the upcoming chapters if this book be defining the need and gap of Islamic finance industry in the capital and financial market. The introduction of Islamic finance and capital instruments brings a revolution in the financial industry which can be easily understand by reading this chapter. For any market, the instruments and tools play a vital role if they have differential characteristics with the existing substitutes, and that is the role of Islamic market. This chapter also explains the basic instruments of Islamic market which compete the traditional financial tools successfully and capture the market share globally (which will be described in later chapters).