Islamic Finance and Economic Development
Book Details
Format
Hardback or Cased Book
ISBN-10
140394718X
ISBN-13
9781403947185
Publisher
Palgrave USA
Imprint
Palgrave Macmillan
Country of Manufacture
GB
Country of Publication
GB
Publication Date
Oct 28th, 2005
Print length
240 Pages
Ksh 16,200.00
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It highlights the benefits that Islamic banking can bring to society as an alternative model of financial intermediation and presents interesting case studies that examine certain features of Islamic finance and their relationship with growth, economic and financial stability, allocative efficiency and social justice.
One of the crucial factors in economic development is the saving/investment process. In conventional economic systems,the interest rate mechanism is at the heart of that process, however an Islamic financial system cannot rely on that mechanism. With this fact considered, this volume explores the role and significance of Islamic financial system, instruments and institutions in economic growth and development, both theoretically and empirically.
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