This book provides an overview of the practice of Islamic finance and the historical roots that define its modes of operation. The focus of the book is analytical and forward-looking.
Islamic Finance by"Mahmoud A. El-Gamal"
This book provides an overview of the practice of Islamic finance and the historical roots that define its modes of operation. The focus of the book is analytical and forward-looking. It shows that Islamic finance exists mainly as a form of rent-seeking legal-arbitrage. In every aspect of finance - from personal loans to investment banking, and from market structure to corporate governance - Islamic finance aims to replicate in Islamic forms the substantive functions of contemporary financial instruments, markets, and institutions. By attempting to replicate the substance of contemporary financial practice using pre-modern contract forms, Islamic finance has arguably failed to serve the objectives of Islamic law. This book proposes refocusing Islamic finance on substance rather than form. This approach would entail abandoning the paradigm of 'Islamization' of every financial practice. It would also entail reorienting the brand-name of Islamic finance to emphasize issues of community banking, micro-finance, and socially responsible investment.
Islamic Finance
By:"Mahmoud A. El-Gamal"
Published on 2006-07-03 by Cambridge University Press
BOOKS ID : 2ElRUvoVRxYC
Ebook Title : Islamic Finance
ETAG : 7z4ub7SkxRM
ISBN_13 Code : 9781139457163
ISBN_10 Code : 1139457160
Book Print Type : BOOK
Rank : 30 for keyword gambling meaning in urdu
Book Author :"Mahmoud A. El-Gamal"
Publisher : Cambridge University Press
Book Pages Count :
Print Type : BOOK
Book's Categories :"Business & Economics"
Books Language : en
Text to Speech Access : ALLOWED
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