Islamic Finance

Theory and Practice
1999. Auflage 1999
ISBN: 978-0-312-22448-6
Verlag: Palgrave MacMillan UK

Buch, Englisch, 171 Seiten, Format (B × H): 145 mm x 225 mm, Gewicht: 399 g

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.

Zielgruppe

Research

Autoren/Hrsg.

Mills, P.

Presley, J.

Inhaltsverzeichnis

Islamic Economics and Banking: The Background The Islamic Critique of Interest Non-Interest Finance and Macroeconomic Stability The Interest Free Financial System Modelling Profit and Loss Sharing Non-Interest Banking in Practice Some Key Issue in the Islamic Financial System Prohibition of Interest in Western Literature Conclusions Index

Über Autor(innen)

PAUL S. MILLS is Manager, UK Debt Management Office, HM Treasury, Threadneedle Street, London

JOHN R. PRESLEY is Professor of Economics at Loughborough University. He has written or edited over fifteen books including (with Rodney Wilson) (with A. J. Westaway) and .