Islamic Banking and Finance: New Perspectives on Profit Sharing and Risk

Islamic Banking and Finance: New Perspectives on Profit Sharing and Risk

By: David T. Llewellyn (editor), M. Iqbal (editor)Hardback

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Description

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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Contents

Decision-making under uncertainty - an Islamic perspective, Sami Ibrahim Al-Suwailem; incentive compatible profit-sharing contracts - a theoretical treatment, Habib Ahmed; agency contractual problems in profit-sharing practices by interest-free banks, Abdel-Fattah, A.A. Khalil, Colin Rickwood and Victor Murinde; incentive compatible constraints for Islamic banking - some lessons from Bank Muamalat, Adiwarman A. Karim; how informal risk capital investors manage asymmetric information in profit-loss sharing contracts, Mohammad Abalkhail and John R. Presley; choice of debt or equity contract and asymmetrical information - an empirical evidence, Kazem Sadr and Zamir Iqbal; Islamic banking contracts as enforced in Iran, Ali Yasseri; Islamic financial institutions of India, their nature, problems and prospects, M.I. Bagsiraj; the interface between Islamic and conventional banking, Rodney Wilson; alternative visions of international monetary reform, M. Umer Chapra.

Product Details

  • publication date: 29/01/2002
  • ISBN13: 9781840647877
  • Format: Hardback
  • Number Of Pages: 304
  • ID: 9781840647877
  • weight: 588
  • ISBN10: 1840647876

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