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Islamic Financial Services in the United Kingdom (Hardcover, New)
Loot Price: R2,871
Discovery Miles 28 710
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Islamic Financial Services in the United Kingdom (Hardcover, New)
Series: Edinburgh Guides to Islamic Finance
Expected to ship within 12 - 17 working days
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This is the first book-length study of Islamic financial services
in the United Kingdom. It describes the ways in which British
examples of Islamic financial provision illustrate both the main
characteristics of Islamic financial teaching and some key issues
in the situation of British Muslims. Coverage of the subject is
comprehensive: there are chapters on the history of Islamic finance
in the UK and on personal accounts, home purchase finance, the
equivalents of personal loans and insurance, investment, commercial
funding and the relatively new bond-like instruments of sukuk. The
author's approach is broadly sympathetic to the general spirit and
aims of the Islamic financial tradition but critical of some of its
manifestations in practice. The book is especially topical at
present, following the crisis in the UK banking industry and the
unprecedented level of public debate about the appropriate aims and
techniques of the financial markets. Some commentators have
recently expressed disappointment that Islamic finance in the UK
has failed to live up to the high expectations surrounding it. This
book attempts to give a balanced account of the sector's strengths
and weaknesses.
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