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Books > Reference & Interdisciplinary > Interdisciplinary studies > Area / regional studies
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Islamic Monetary Economics - Finance and Banking in Contemporary Muslim Economies (Paperback)
Loot Price: R1,382
Discovery Miles 13 820
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Islamic Monetary Economics - Finance and Banking in Contemporary Muslim Economies (Paperback)
Series: Islamic Business and Finance Series
Expected to ship within 12 - 19 working days
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The existence of fiat currencies has long been cited as one of the
major contributing factors to the challenges facing contemporary
economies, and the current monetary system is not only a key source
of exorable increases in interest rates but also a principal cause
of inflation and decline in the value of money in many countries.
The editors argue that an Islamic monetary system, with its
specific money concepts, interest-free financial institutions, and
monetary policy embedded in real growth, provides a solution to
this conundrum. Contributions from many world-renowned experts
consider a wide array of topics, ranging from the theoretical
concepts of money and banking in conventional and Islamic economics
to the historical journey of money from precious metals to plastic
money and digital currency today. The book outlines the problems
that sprout from interest-based banking and multiple debt
structures. It then mirrors the Islamic concepts of money as well
as idiosyncrasies of its monetary policy. Supported with meticulous
research and empirical evidence, the book demonstrates the efficacy
of Islamic monetary system in delivering real growth along with
equitable distribution of wealth and prosperity in the economy. It
additionally acquaints the readers with juristic debates about
money and monetary policy. This is essential reading for both
students and researchers in Islamic economics, banking, and
finance, expertly promoting a fair and just economic system that
emerges as a result of interest-free banking and monetary policy
based on Islamic principles.
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