Islamic Finance - Theory and Practice

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.

Sommario

Islamic Economics and Banking: The Background The Islamic Critique of Interest Non-Interest Finance and Macroeconomic Stability The Interest Free Financial System Modelling Profit and Loss Sharing Non-Interest Banking in Practice Some Key Issue in the Islamic Financial System Prohibition of Interest in Western Literature Conclusions Index

Dettagli sul prodotto

• Autori: P. Mills, J. Presley
• Editore: Springer Palgrave Macmillan
• Lingue: Inglese
• Formato: Copertina rigida
• Pubblicazione: 11.11.1999
• EAN: 9780312224486
• ISBN: 978-0-312-22448-6
• Pagine: 171
• Dimensioni: 148 mm x 223 mm x 20 mm
• Peso: 385 g
• Illustrazioni: IX, 171 p.
• Categoria: Scienze sociali, diritto, economia > Economia > Singoli rami economici, branche