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Islamic Finance: Law, Economics, and Practice

Islamic Finance: Law, Economics, and Practice

Islamic Finance: Law, Economics, and Practice

Islamic Finance: Law, Economics, and Practice

by Mahmoud A. El-Gamal

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  • Hardcover
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New
ISBN 10
0521864143
ISBN 13
9780521864145
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About This Item

Hardback. New. 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.

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

Bookseller
The Saint Bookstore GB (GB)
Bookseller's Inventory #
B9780521864145
Title
Islamic Finance: Law, Economics, and Practice
Author
Mahmoud A. El-Gamal
Format/Binding
Hardback
Book Condition
New New
Quantity Available
10
Binding
Hardcover
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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About the Seller

The Saint Bookstore

Seller rating:
This seller has earned a 5 of 5 Stars rating from Biblio customers.
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Southport, Merseyside

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A new book is a book previously not circulated to a buyer. Although a new book is typically free of any faults or defects, "new"...
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