In order to understand something we need to study history of that something. A wise man said we are suffering from mass alzheimer’s in our historical knowledge. If you want to understand Islamic Finance, you cannot not study the historical root of it. Islamic Finance has evolved over all these years. Some say the current state of industry is out of control by greed. But the idea of Islamic Finance did not come about out of greed. It came about from being sincere to religious piety. There is a cause and effect relationship for every action we take. If the cause is changed, the effect will also change. It is mandatory for the enthusiastic minds to study the early history that has evolved to this modern identity of Islamic Finance.
Here are some resources that may be helpful to understand the past, present and evolution of Islamic Finance.