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. 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.
Mahmoud El-Gamal
Cambridge University Press | 2006| ISBN: 0521864143 | 240 pages | PDF | 1 MB
Mahmoud El-Gamal
Cambridge University Press | 2006| ISBN: 0521864143 | 240 pages | PDF | 1 MB
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