Islamic Banking (Elgar Monographs)
Publisher: Edward Elgar Pub; Edward Elgar
Published: September 30, 2001
Language: eng
Format: Hardcover
Number of pages: 274
ISBN-13: 9781858988085
Subjects: Banking; Islamic studies; Banks & Banking; International - General; Business & Economics; Banking law (Islamic law); Banks and banking; Islam; Islamic countries; Religious aspects; Business/Economics
Description: "The prohibition of interest is the feature of Islamic banking which most distinctly sets it apart from conventional banking. To Western eyes, this seems a strange restriction, but Christian countries themselves maintained such a ban for 1,400 years. Islamic Banking asks why Islam has been able to maintain its stand. The book explores the intricacies of Islamic law and the religious and ethical principles underpinning Islamic banking.

It then considers the analytical basis of Islamic banking and financing in the light of modern theories of financial intermediation, and identifies the conceptual issues to be overcome."--BOOK JACKET.