Islamic banking and finance new perspectives on profit-sharing and risk
The prohibition of interest is the feature of Islamic banking which most distinctly sets it apart from conventional banking. To Western eyes, this seems a strange restriction, but Christian countries themselves maintained such a ban for 1,400 years. Islamic Banking asks why Islam has been able to ma...
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| Corporate Authors: | , |
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| Format: | eBook |
| Language: | English |
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Cheltenham, U.K
Edward Elgar in association with International Association of Islamic Economics, Islamic Development Bank, [and] The Islamic Foundation
c2002
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| Collection: | Edward Elgar eBook Archive - Collection details see MPG.ReNa |
| Summary: | The prohibition of interest is the feature of Islamic banking which most distinctly sets it apart from conventional banking. To Western eyes, this seems a strange restriction, but Christian countries themselves maintained such a ban for 1,400 years. Islamic Banking asks why Islam has been able to maintain its stand. The book explores the intricacies of Islamic law and the religious and ethical principles underpinning Islamic banking. It then considers the analytical basis of Islamic banking and financing in the light of modern theories of financial intermediation, and identifies the conceptual issues to be overcome 1. An introduction to Islamic banking -- 2. Islamic law -- 3. The basis of Islamic banking -- 4. Islamic banking and financial intermediation -- 5. Islamic financial systems -- 6. Islamic banking in mixed systems -- 7. Corporate governance in Islamic banking -- 8. Islamic and Christian attitudes to usury -- 9. Directions in Islamic finance -- 10. Conclusions |
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| Physical Description: | xvi, 250 p |
| ISBN: | 9781843765318 9781858988085 1840647876 185898808X 9781840647877 9781843762959 |