Islamic Banking and Finance

New Perspectives on Profit Sharing and Risk

Inbunden, Engelska, 2002

2 469 kr

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It is a well-known fact that conventional commercial banks provide financial intermediation services on the basis of interest rates on assets and liabilities. However, since interest is prohibited in Islam, Islamic banks have developed several other modes through which savings are mobilized and passed on to entrepreneurs, none of which involve interest.Islamic Banking and Finance discusses Islamic financial theory and practice, and focuses on the opportunities offered by Islamic finance as an alternative method of financial intermediation. Key features of profit-sharing (as opposed to debt-based) contracts are highlighted, and the ways in which they can facilitate improved efficiency and stability of a financial system are explored.The authors illustrate that in addition to some 200 Islamic banks operating in Muslim as well as non-Muslim countries, some of the biggest multinational banks are now offering Islamic financial products. This book will fascinate students, researchers and academics with a special interest in comparative banking, middle-eastern studies and international finance, and will also appeal to practitioners of banking and finance.

Produktinformation

Utgivningsdatum2002-01-29
Mått156 x 234 x undefined mm
FormatInbunden
SpråkEngelska
FörlagEdward Elgar Publishing Ltd
ISBN9781840647877

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Finansiering inom Ekonomi och Ledarskap

Contents:Preface Glossary 1 Introduction Munawar Iqbal and David T. Llewellyn2 Decision-making under uncertainty: an Islamic perspective Sami Ibrahim Al-SuwailemCommentsMonzer Kahf; Mohamed Ali Elgari3 Incentive-compatible profit-sharing contracts: a theoretical treatment Habib AhmedCommentsSaid Al Hallaq4 Evidence on agency-contractual problems in mu∂arabah financing operations by Islamic banks Abdel-Fattah A.A. Khalil, Colin Rickwood and Victor MurindeCommentsAbdel-hameed Bashir5 Incentive-compatible constraints for Islamic banking: some lessons from Bank Muamalat Adiwarman A. KarimCommentsMuhammad Nejatullah Siddiqi6 How informal risk capital investors manage asymmetric information in profit/loss-sharing contracts Mohammad Abalkhail and John R. PresleyCommentsSultan Abou-Ali7 Choice between debt and equity contracts and asymmetrical information: some empirical evidence Kazem Sadr and Zamir IqbalCommentsAbdul Azim Islahi8 Islamic banking contracts as enforced in Iran Ali YasseriCommentsMohamed Ali Elgari9 Islamic financial institutions of India: their nature, problems and prospects M.I. BagsirajCommentsFazlur Rahman Faridi; Sule Ahmed Gusau10 The interface between Islamic and conventional banking Rodney WilsonCommentsMuhammad Abdul Mannan; Abdurrahman Lahlou11 Alternative visions of international monetary reform M. Umer ChapraCommentsJohn G. SessionsIndex

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