Islamic finance : law, economics, and practice

Islamic finance : law, economics, and practice /

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.

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Bibliographic Details
Online Access: Full text (MCPHS users only)
Main Author: El-Gamal, Mahmoud A., 1963- (Author)
Format: Electronic eBook
Language:English
Published: Cambridge [UK] ; New York : Cambridge University Press, 2006
Subjects:
Banking law (Islamic law)
Business enterprises > Finance > Law and legislation > Islamic countries.
Securities > Islamic countries.
Finance > Religious aspects > Islam.
Economics > Religious aspects > Islam.
Local Note:ProQuest Ebook Central
Table of Contents:
  • Jurisprudence and arbitrage
  • Two major prohibitions : Riba and Gharar
  • Sale-based Islamic finance
  • Derivative-like sales : salam, istisna', and 'urbun
  • Leasing, securitization, and Sukuk
  • Partnerships and equity investment
  • Islamic financial institutions
  • Governance and regulatory solutions in mutuality
  • Beyond Shari'a arbitrage.

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