{
"item_title" : "Islamic Finance",
"item_author" : [" P. Mills", "J. Presley "],
"item_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.",
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Overview
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.
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Details
- ISBN-13: 9780312224486
- ISBN-10: 0312224486
- Publisher: Palgrave MacMillan
- Publish Date: November 1999
- Dimensions: 8.85 x 5.7 x 0.74 inches
- Shipping Weight: 0.88 pounds
- Page Count: 171
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