Islamic finance : law, economics, and practice / Mahmoud A. El-Gamal.
Material type:
TextPublication details: Cambridge [UK] ; New York : Cambridge University Press, 2006Description: xvii, 221 p. : ill. ; 24 cmISBN: - 9780521864145
| Item type | Current library | Shelving location | Call number | Status | Date due | Barcode | |
|---|---|---|---|---|---|---|---|
| Mahmud Saedon Law Collection (Civil Law) - Basement | Universiti Islam Sultan Sharif Ali | Basement (Gadong Campus) | KBP940 E45 2006 c.1 (Browse shelf(Opens below)) | Available | 1050017596 |
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| KBP920 T39 2015 v.1 c.1 The fatwa collection on financial transactions and monetary rulings / | KBP920 T39 2015 v.2 c.1 The fatwa collection on financial transactions and monetary rulings / | KBP920 T39 2015 v.3 c.1 The fatwa collection on financial transactions and monetary rulings / | KBP940 E45 2006 c.1 Islamic finance : law, economics, and practice / | KBP940.2 A33 2016 c.1 Shariah investment planning / | KBP940.2 A456 2016 c.1 Islamic finance and Africa's economic resurgence : promoting diverse and localized investment / | KBP 940.2 C43 2009 c.1 The chancellor guide to the legal and Shari'a aspects of Islamic finance / |
Originally published: 2006.
Includes bibliographical references (p. 213-218) and index.
Electronic reproduction. Palo Alto, Calif. : ebrary, 2007. Available via World Wide Web. Access may be limited to ebrary affiliated libraries.
Dates of available copies: 2006, 2009.
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 mainly as a form of rent-seeking legal-arbitrage. In every aspect of finance - from personal loans to investment banking, and from market structure to corporate governance - Islamic finance aims to replicate in Islamic forms the substantive functions of contemporary financial instruments, markets, and institutions. By attempting to replicate the substance of contemporary financial practice using pre-modern contract forms, Islamic finance has arguably failed to serve the objectives of Islamic law. This book proposes refocusing Islamic finance on substance rather than form. This approach would entail abandoning the paradigm of 'Islamization' of every financial practice. It would also entail reorienting the brand-name of Islamic finance to emphasize issues of community banking, micro-finance, and socially responsible investment.
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