Debt finance involving interest payments - the standard method in
the global economy - goes against Qur'anic teaching and Shariah
law. Wealth creation is therefore one of the greatest challenges
facing Muslims and the Islamic world.
This book explores the longer term issues of Islamic capital
accumulation and its contribution to the development of Muslim
societies in the East and West. Although many of these societies
remain poor, it is shown that there is much positive experience to
learn from - especially that wealth creation is most successful
when the institutions created to harness and deploy funds share the
values of the societies they serve. It can be seen that adherence
to religious values brings social development, and that moral
financing makes good business sense.
The book includes:
* evaluation of Asian Islamic banking experiences
* assessment of Islamic banking efficiency and service
quality
* analysis of Islamic insurance and risk management, and equity
finance and venture capital
Countries covered include:
Iran
Pakistan
Sudan
Kuwait
Egypt
Malaysia
Bahrain
Jordan
Saudi Arabia
The book provides a comprehensive discussion of the various
aspects of Islamic finance, focusing on key countries and
institutions in a coherent manner and bringing both breadth and
depth to the subject.
Key Features:
* First book to bridge the gap between Islamic economic theory
and financial practice
* Considers risk management in accordance with Islamic law by
exploring Islamic mortgages and insurance
* Looks at equity finance, venture capital and the stock market
from an Islamic perspective
* Offers detailed case studies of country experiences ofIslamic
capital formation and wealth accumulation
* Includes a glossary of Arabic terms
General
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