Islamic Finance - Theory and Practice (Hardcover, 1999 ed.)

This book reviews the Islamic opposition to interest and assesses the feasibility of a non-interest financial system in the light of current economic theory. The Islamic critique of interest is set against a discussion of the methodology of Islamic economics and the opposition to interest within the Judeo-Christian tradition. The range of Islamic non-interest financial contracts is then detailed along with a review of the performance of Islamic banks to date; a model of the allocation of finance within a non-interest system is then presented. Assessment of the issues raised is made within the context of economic literature concerning debt versus equity finance; this includes an examination of banking instability and the business cycle, the determinants of levels of saving and the implications for public finance. The conclusions outline the advantages and disadvantages of a theoretical case for the prohibition of interest, and draws practical lessons for contemporary Western economies.

General

Imprint:	Palgrave Macmillan
Country of origin:	United States
Release date:	November 1999
First published:	1999
Authors:	P Mills • J. Presley
Dimensions:	216 x 140 x 19mm (L x W x T)
Format:	Hardcover - Cloth over boards / With dust jacket
Pages:	171
Edition:	1999 ed.
ISBN-13:	978-0-312-22448-6
Categories:	Books > Business & Economics > Economics > Macroeconomics > General Books > Business & Economics > Finance & accounting > Finance > Banking Books > Money & Finance > Banking Promotions
LSN:	0-312-22448-6
Barcode:	9780312224486

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