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Islamic Financial Markets (RLE Banking & Finance) (Paperback)
Loot Price: R1,640
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Islamic Financial Markets (RLE Banking & Finance) (Paperback)
Series: Routledge Library Editions: Banking & Finance
Expected to ship within 12 - 17 working days
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When it was originally published this volume was the first
comprehensive survey of the experience of Islamic banking
throughout the Muslim world in Turkey, Egypt, Kuwait, Jordan,
Sudan, iran, Pakistan and Saudi Arabia. Drawing comparisons between
the countries in economic terms, it shows that the success of
Islamic banks to a large extent reflects the immediate political
environment. The complete Islamization of the financial systems of
the more fundamentalist countries of Iran and Pakistan is compared
with the divide between conventional interest-based systems and the
new Islamic banks in Kuwait, Turkey, Egypt, Sudan and Jordan.
Islamic Financial Markets explores both international Islamic
finance and the national markets in which Islamic banks operate,
raising for the first time the issue of competition in Islamic
banking. It also looks to the future, to retail development and
wholesale possibilities which seem to be the next step forward in
Islamic finance. Setting the subject in historical, religious and
economic perspective, the book offers a comprehensive survey of the
successful adaptation of an ancient financial system to meet the
requirements of modern commerce.
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