Islamic Finance - Theory and Practice : Theory and Practice
Book Details
Format
Hardback or Cased Book
ISBN-10
0333490835
ISBN-13
9780333490839
Publisher
Palgrave Macmillan
Imprint
Palgrave Macmillan
Country of Manufacture
GB
Country of Publication
GB
Publication Date
Aug 4th, 1999
Print length
171 Pages
Product Classification:
MacroeconomicsFinanceFinance and the finance industry
Ksh 23,400.00
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Given the propensity of the world financial system to crisis, this book explores the radical alternative put forward by Islamic (and Western) theories of non-interest banking.
Given the propensity of the world financial system to crisis, this book explores the radical alternative put forward by Islamic (and Western) theories of non-interest banking. The Islamic critique of interest and early experiments with non-interest banking are assessed against the conventional theories regarding banking, company finance and macroeconomic stability. Whilst the experience of Islamic banking has proved inconclusive thus far, the theoretical model provides a cogent alternative to a financial system made fragile by debt contracts.
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