000			02004nam a2200241 a 4500
001			203752
003			MOEB
005			20230602161029.0
008			091027t2006 nyu gr 000 0 eng d
020			_a9780521864145
100	1		_aEl-Gamal, Mahmoud A., 1963-
245	1	0	_aIslamic finance : _blaw, economics, and practice / _cMahmoud A. El-Gamal.
260			_aCambridge [UK] ; New York : _bCambridge University Press, _c2006
300			_axvii, 221 p. : _bill. ; _c24 cm.
500			_aOriginally published: 2006.
500			_aIncludes bibliographical references (p. 213-218) and index.
500			_aElectronic reproduction. Palo Alto, Calif. : ebrary, 2007. Available via World Wide Web. Access may be limited to ebrary affiliated libraries.
500			_aDates of available copies: 2006, 2009.
520			_aThis 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.
650		0	_aBanking law (Islamic law)
650		0	_aFinance _xReligious aspects _zIslam.
650		0	_aIslam _vEconomic aspects
999			_c1729 _d1729