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

hardcover. Good. Access codes and supplements are not guaranteed with used items. May be an ex-library book.

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
Bonita US (US)
Seller's Inventory #
0521864143.G
Title
Islamic Finance: Law, Economics, and Practice
Author
El-Gamal, Mahmoud A
Format/Binding
Hardcover
Book Condition
Used - Good
Quantity Available
1
ISBN 10
0521864143
ISBN 13
9780521864145
Publisher
Cambridge University Press
Place of Publication
Cambridge
This edition first published
July 3, 2006

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Bonita

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About the Seller

Bonita

Seller rating:
This seller has earned a 5 of 5 Stars rating from Biblio customers.
Biblio member since 2020
Newport Coast, California
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