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Islamic Banking

Islamic banks are prohibited from charging or paying interest, and thus can operate only on the basis of profit-sharing arrangements. This paper provides a brief survey of the theory and practice of Islamic banking. It covers developments in Islamic banking since the mid-1970s, how such banks operat...

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Bibliographic Details
Main Author: Mirakhor, Abbas
Other Authors: Khan, Mohsin
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 1991
Series:IMF Working Papers
Subjects:
Depository Institutions
Islamic Banking
Institutional Investors
Commercial Banks
Pension Funds
Banks
Finance
Banks And Banking
Islamic Banking And Finance
Financial Institutions
Financial Services
Financial Instruments
Micro Finance Institutions
Mortgages
Islamic Countries
Other Economic Systems: General
Non-bank Financial Institutions
Other Economic Systems: Public Economics
Financial Economics
Banking
Finance: General
Iran, Islamic Republic Of
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:Islamic banks are prohibited from charging or paying interest, and thus can operate only on the basis of profit-sharing arrangements. This paper provides a brief survey of the theory and practice of Islamic banking. It covers developments in Islamic banking since the mid-1970s, how such banks operate, and the analytical underpinnings of a financial system based on Islamic principles. Finally, the future of Islamic banking is assessed
Physical Description:8 pages
ISBN:9781451851069

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