Islamic Finance

Name: Islamic Finance
Brand: Cambridge University Press
SKU: 9780521864145
Price: 696.82 RON
Availability: InStock

Law, Economics, and Practice

Autor: Mahmoud A. El-Gamal

Limbă:

Legare: Copertă tare

Editura: Cambridge University Press

Disponibilitate: În depozitul extern

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This book provides an overview of the practice of Islamic finance and the historical roots that defi...

Informații despre carte

Autor

Mahmoud A. El-Gamal

Limbă

engleză

Legare

Carte - Copertă tare

Publicat

2006

Pagini

240

EAN

9780521864145

ISBN

0521864143

Enbook ID

02047878

Editura

Cambridge University Press

Greutate

486

Dimensiuni

159 x 234 x 23

Descriere completă

This book provides an overview of the practice of Islamic finance and the historical roots that define its modes of operation. The focus of the book is analytical and forward-looking. It shows that Islamic finance exists mainly as a form of rent-seeking legal-arbitrage. In every aspect of finance - from personal loans to investment banking, and from market structure to corporate governance - Islamic finance aims to replicate in Islamic forms the substantive functions of contemporary financial instruments, markets, and institutions. By attempting to replicate the substance of contemporary financial practice using pre-modern contract forms, Islamic finance has arguably failed to serve the objectives of Islamic law. This book proposes refocusing Islamic finance on substance rather than form. This approach would entail abandoning the paradigm of 'Islamization' of every financial practice. It would also entail reorienting the brand-name of Islamic finance to emphasize issues of community banking, micro-finance, and socially responsible investment.

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Islamic Finance

Law, Economics, and Practice

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Descriere completă

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