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Islamic Law and Finance; Religion, Risk and Return

£15.00 Out Of Stock

Product description

Mirroring the expansion of wealth in the Middle East and Asia and a surge in Islamic self-identity, Islamic banking practices have either become the law of the land or coexist and compete with Western practices in at least six countries. A growing number of institutions and mutual funds (akin to Western ''socially responsible'' funds) have established Islamic investment and other practices to cater to this burgeoning market. Because of its prevalence, practitioners in every banking-related area must familiarize themselves with current Islamic finance practices in order to do business with Muslim clients and to engage in cross-border financing. Injunctions from the Qur'an and the sayings of Prophet Muhammed have generated a web of interrelated norms which prohibit Islamic financiers from engaging in transactions that involve interest (riba) and speculation (gharar). Islamic Law and Finance describes the dynamic set of Islamically-sanctioned ways financiers can transact business.
The softback cover shows signs that the book has been read but is overall sound. The binding is slack with pages 149-174 almost detached. The pages are clean and unmarked.
Copyright 1998.

Item details

Author(s):
Frank E Vogel and Samuel L Hayes
Condition:
Fair
Dimensions:
16.1 x 24.1 x 2 cm
Edition:
1998
Format:
Paperback
ISBN-10:
9041106243
ISBN-13:
9789041106247
Number of pages:
330
Publisher:
Kluwer Law International
Title:
Islamic Law and Finance; Religion, Risk and Return

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About this item

Mirroring the expansion of wealth in the Middle East and Asia and a surge in Islamic self-identity, Islamic banking practices have either become the law of the land or coexist and compete with Western practices in at least six countries. A growing number of institutions and mutual funds (akin to Western ''socially responsible'' funds) have established Islamic investment and other practices to cater to this burgeoning market. Because of its prevalence, practitioners in every banking-related area must familiarize themselves with current Islamic finance practices in order to do business with Muslim clients and to engage in cross-border financing. Injunctions from the Qur'an and the sayings of Prophet Muhammed have generated a web of interrelated norms which prohibit Islamic financiers from engaging in transactions that involve interest (riba) and speculation (gharar). Islamic Law and Finance describes the dynamic set of Islamically-sanctioned ways financiers can transact business.
The softback cover shows signs that the book has been read but is overall sound. The binding is slack with pages 149-174 almost detached. The pages are clean and unmarked.
Copyright 1998.

Author(s):
Frank E Vogel and Samuel L Hayes
Condition:
Fair
Dimensions:
16.1 x 24.1 x 2 cm
Edition:
1998
Format:
Paperback
ISBN-10:
9041106243
ISBN-13:
9789041106247
Number of pages:
330
Publisher:
Kluwer Law International
Title:
Islamic Law and Finance; Religion, Risk and Return

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