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Islamic Finance|P. Mills

Islamic Finance : Theory and Practice

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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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