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Islamic Finance and Economic Development (Hardcover)
Loot Price: R2,933
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Islamic Finance and Economic Development (Hardcover)
Expected to ship within 10 - 15 working days
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Over the last thirty years, Islamic banking has emerged as a viable
and efficient model of financial intermediation. In conventional
economic systems, the interest rate mechanism is at the heart of
that process, however the Islamic financial system cannot rely on
that mechanism. With this fact considered, this volume explores the
role of Islamic finance in promoting growth and development. It
highlights the benefits that Islamic banking can bring to society
as an alternative model of financial intermediation and presents
interesting case studies that examine certain features of Islamic
finance and their relationship with growth, economic and financial
stability, allocative efficiency and social justice.
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