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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
  • near fine
  • Hardcover
  • first
Condition
Near Fine/No Jacket
ISBN 10
0521864143
ISBN 13
9780521864145
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About This Item

Cambridge University Press, 2006. 1st Edition . Hardcover. Near Fine/No Jacket.

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
Windy City Books US (US)
Bookseller's Inventory #
004642
Title
Islamic Finance: Law, Economics, and Practice
Author
El-Gamal, Mahmoud A
Format/Binding
Hardcover
Book Condition
Used - Near Fine
Jacket Condition
No Jacket
Quantity Available
1
Edition
1st Edition
ISBN 10
0521864143
ISBN 13
9780521864145
Publisher
Cambridge University Press
Place of Publication
Cambridge
Date Published
2006

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Windy City Books

Seller rating:
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Batavia , Illinois

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