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Islamic Finance: Law, Economics, and Practice

Islamic Finance: Law, Economics, and Practice

Islamic Finance: Law, Economics, and Practice
Stock Photo: Cover May Be Different

Islamic Finance: Law, Economics, and Practice

by El-Gamal, Mahmoud A

  • Used
  • Hardcover
Condition
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ISBN 10
0521864143
ISBN 13
9780521864145
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About This Item

Cambridge University Press, 2007. This is an ex-library book and may have the usual library/used-book markings inside.This book has hardback covers. In good all round condition. Dust jacket in good condition. Please note the Image in this listing is a stock photo and may not match the covers of the actual item,550grams, ISBN:9780521864145

Synopsis

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.

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Details

Seller
Anybook.com GB (GB)
Seller's Inventory #
9973987
Title
Islamic Finance: Law, Economics, and Practice
Author
El-Gamal, Mahmoud A
Book Condition
Used
Binding
Hardcover
ISBN 10
0521864143
ISBN 13
9780521864145
Publisher
Cambridge University Press
Place of Publication
Cambridge
Date Published
2007

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