Developments in Interest-Free Banking (Palgrave Macmillan Studies in Banking and Financial Institutions)
Publisher: Palgrave Macmillan
Published: January 8, 2008
Language: eng
Format: Hardcover
Number of pages: 256
ISBN-13: 9781403998774
Subjects: Banking; Business & Economics; Business / Economics / Finance; Business/Economics; Banks & Banking; Business & Economics / Banks & Banking
Description: "Explores the theoretical and practical features, recent developments and future prospects of interest-free banking, illustrated by a detailed analysis of the past twenty-five years of the interest-free banking movement in Pakistan (1980-2005). It helps the reader to understand the model underpinning interest-free banking, based on principles of free market mechanism, efficiency, ethical investment and socio-economic justice. And it assesses the practical success of interest-free banking at individual Islamic banks and at state level, as in the case of Pakistan."--BOOK JACKET.