Islamic Finance

Theory and Practice

AvP. Mills,J. Presley

Inbunden, Engelska, 1999

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Beskrivning

Given the propensity of the world financial system to crisis, this work 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.

Produktinformation

Utgivningsdatum:1999-08-04
Mått:140 x 216 x 14 mm
Vikt:381 g
Format:Inbunden
Språk:Engelska
Antal sidor:171
Upplaga:1999
Förlag:Palgrave Macmillan
ISBN:9780333490839

Utforska kategorier

Finansiering inom Ekonomi och Ledarskap
Makroekonomi inom Ekonomi och Ledarskap

Mer om författaren

PAUL S. MILLS is Manager, UK Debt Management Office, HM Treasury, Threadneedle Street, LondonJOHN R. PRESLEY is Professor of Economics at Loughborough University. He has written or edited over fifteen books including Banking in the Arab Gulf (with Rodney Wilson), A Guide to the Saudi Arabian Economy (with A. J. Westaway) and Islamic Financial Institutions.

Innehållsförteckning

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