Mar 14, 2011 | Comments 0
Islamic Banking and Finance: New Perspectives on Profit Sharing and Risk
Edward Elgar Publishing (2002-03-31) | ISBN: 1840647876 | 250 pages | File type: PDF | 2 mb
Over 200 Islamic banks – including some of the largest multinational banks – now operate in non-Muslim as well as Muslim countries. This work discusses Islamic financial theory and practice, and focuses on the opportunities offered by Islamic finance as an alternative method of financial intermediation. Key features of profit-sharing (as opposed to debt-based) contracts are highlighted, and the ways in which they can facilitate improved efficiency and stability of a financial system are explored.