Islamic Finance PDF
By:Mahmoud A. El-Gamal
Published on 2006-07-03 by Cambridge University Press
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. In every aspect of finance - from personal loans to investment banking, and from market structure to corporate governance - Islamic finance aims to replicate in Islamic forms the substantive functions of contemporary financial instruments, markets, and institutions. By attempting to replicate the substance of contemporary financial practice using pre-modern contract forms, Islamic finance has arguably failed to serve the objectives of Islamic law. 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.
This Book was ranked at 16 by Google Books for keyword Legal Systems.
Book ID of Islamic Finance's Books is 2ElRUvoVRxYC, Book which was written byMahmoud A. El-Gamalhave ETAG "dd4kf9gvEzY"
Book which was published by Cambridge University Press since 2006-07-03 have ISBNs, ISBN 13 Code is 9781139457163 and ISBN 10 Code is 1139457160
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Book which have " Pages" is Printed at BOOK under CategoryBusiness and Economics
Book was written in en
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