Islamic Finance: Theory and Practice - Hardback - 9780333490839

Given the propensity of the world financial system to crisis, this book explores the radical alternative put forward by Islamic (and Western) theories of non-interest banking. The Islamic critique of interest and early experiments with non-interest banking are assessed against the conventional theories regarding banking, company finance and macroeconomic stability. Whilst the experience of Islamic banking has proved inconclusive thus far, the theoretical model provides a cogent alternative to a financial system made fragile by debt contracts.

• | Author: P. Mills
• | Publisher: Palgrave MacMillan
• | Publication Date: Aug 04, 1999
• | Number of Pages: 171 pages
• | Binding: Hardback or Cased Book
• | ISBN-10: 0333490835
• | ISBN-13: 9780333490839