Islamic Banking by M. K. Lewis | WHSmith Books
Islamic Banking

Islamic Banking

By: M. K. Lewis (author), L.M. Algaoud (author)Hardback

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Description

The prohibition of interest is the feature of Islamic banking which most distinctly sets it apart from conventional banking. To Western eyes, this seems a strange restriction, but Christian countries themselves maintained such a ban for 1,400 years. Islamic Banking asks why Islam has been able to maintain its stand. The book explores the intricacies of Islamic law and the religious and ethical principles underpinning Islamic banking. It then considers the analytical basis of Islamic banking and financing in the light of modern theories of financial intermediation, and identifies the conceptual issues to be overcome. Following case studies of the operations of Islamic banks in Bahrain, Bangladesh, Egypt, Jordan, Malaysia and Australia, along with Iran, Pakistan and Sudan, the volume concludes that many of the criticisms of their activities seem misplaced. It argues that the factors governing success are the distinctive system of corporate governance and continued product innovation. The book ends by considering four such innovations - Islamic investment banking and project finance, Islamic insurance, Islamic securities and the formation of a pan-Islamic international financial centre. This pathbreaking volume - the first to consider Islamic banking and finance from a global perspective - will be of great interest to scholars of money and banking, international finance and Middle Eastern studies.

About Author

Mervyn K. Lewis, Emeritus Professor of the University of South Australia, Adelaide, and Emeritus Fellow of the Academy of the Social Sciences in Australia, Canberra and Latifa M. Algaoud, formerly Chief of Training and Development, Ministry of Finance and National Economy, Bahrain

Contents

Contents: Foreword 1. An Introduction to Islamic Banking 2. Islamic Law 3. The Basis of Islamic Banking 4. Islamic Banking and Financial Intermediation 5. Islamic Financial Systems 6. Islamic Banking in Mixed Systems 7. Corporate Governance in Islamic Banking 8. Islamic and Christian Attitudes to Usury 9. Directions in Islamic Finance 10. Conclusions References Index

Product Details

  • ISBN13: 9781858988085
  • Format: Hardback
  • Number Of Pages: 288
  • ID: 9781858988085
  • ISBN10: 185898808X

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  • Saver Delivery: Yes
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