| Description |
xvii, 221 pages ; 23 cm |
| Note |
Originally published: 2006. |
| Bibliography |
Includes bibliographical references and index. |
| 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. |
| Summary |
"This book 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 primarily today as a form of rent-seeking legal arbitrage. An alternative that emphasizes substance rather than form would serve religious and moral objectives better, through mutual and similar financial practices."--BOOK JACKET. |
| Subject |
Banking law (Islamic law)
|
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Business enterprises -- Finance -- Law and legislation -- Islamic countries.
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Securities -- Islamic countries.
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Finance -- Religious aspects -- Islam.
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Economics -- Religious aspects -- Islam.
|
| ISBN |
9780521741262 paperback |
|
0521741262 paperback |
|
