Amazon.com: Islamic Banking and Finance: New Perspectives on Profit Sharing and Risk (9781840647877): International Conference on Islamic Economics and Banking (4th : 2000 : Loughborough University), Munawar Iqbal, David T. Llewellyn: Books


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Islamic Banking and Finance: New Perspectives on Profit Sharing and Risk
 
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Islamic Banking and Finance: New Perspectives on Profit Sharing and Risk [Hardcover]

International Conference on Islamic Economics and Banking (4th : 2000 : Loughborough University) (Author), Munawar Iqbal (Editor), David T. Llewellyn (Editor)

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Book Description

March 31, 2002
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.

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About the Author

Munawar Iqbal, Chief, Islamic Banking and Finance Division, Islamic Research and Training Institute, Islamic Development Bank, Jeddah, Saudi Arabia and David T. Llewellyn, Professor of Money and Banking and Chairman, Loughborough University Banking Centre, Loughborough University, UK

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