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Impacts of the global financial crisis on Islamic banking

Impacts of the global financial crisis on Islamic banking

Paperback

Accounting

ISBN10: 3659165506
ISBN13: 9783659165504
Publisher: Lap Lambert Academic Pub
Published: Jun 28 2012
Pages: 116
Weight: 0.40
Height: 0.28 Width: 6.00 Depth: 9.00
Language: English
Global financial system runs into trouble in 2007. While many western banks defaulted during that period, no major Islamic bank defaulted. For this purpose, this book tries to understand what methods used by the Islamic banks to spare from the crisis. Because Islamic banks do not charge interest as their conventional counterparts and instead use profit and loss sharing methods, this book gives some important information on how Islamic bank work in practice. The book introduces also financing modes used by the Islamic banks

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