| Islamic Finance: Theory and Practice 1999 Edition Contributor(s): Mills, P. (Author), Presley, J. (Author) |
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ISBN: 0333490835 ISBN-13: 9780333490839 Publisher: Palgrave MacMillan OUR PRICE: $161.49 Product Type: Hardcover - Other Formats Published: August 1999 |
| Additional Information |
| BISAC Categories: - Business & Economics | Banks & Banking - Business & Economics | Economics - Theory - Business & Economics | Interest |
| Dewey: 332.109 |
| Series: Theory and Practice |
| Physical Information: 0.56" H x 5.5" W x 8.5" (0.84 lbs) 171 pages |
| Themes: - Religious Orientation - Islamic |
| Descriptions, Reviews, Etc. |
| Publisher Description: 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. |