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Islamic Finance: Theory and Practice

Islamic Finance: Theory and Practice

Hardcover

AccountingEconomicsInvesting & Finance

ISBN10: 0312224486
ISBN13: 9780312224486
Publisher: Springer Nature
Published: Nov 11 1999
Pages: 171
Weight: 0.88
Height: 0.74 Width: 5.70 Depth: 8.85
Language: English
Given the propensity of the world financial system to crisis, this book explores the radical alternative put forward by Islamic (and Western) theories of non-interest banking. The Islamic critique of interest and early experiments with non-interest banking are assessed against the conventional theories regarding banking, company finance and macroeconomic stability. Whilst the experience of Islamic banking has proved inconclusive thus far, the theoretical model provides a cogent alternative to a financial system made fragile by debt contracts.

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