Cambridge university press about the book this book provides an overview of the practice of islamic finance and the historical roots that define its modes of operation. In a sector where publications focus on theory and are rarely written by experienced practitioners, the islamic banking in practice series concentrates solely on market practice. Islamic finance law economics and practice finance cambridge. They obtained an excellent insight on how a person new to islam or finance,or both can go about understanding islamic finance.
It is a mustread for anyone interested in the institutional roots of economic outcomes in the muslim world, why they persist, and how these outcomes can be improved upon in a manner consistent with islam. In this regard, the instigating factor for prohibitionbased contract invalidation can almost always be attributed to the two factors labeled riba and gharar. He is coauthor of several books on islamic banking and finance. A research project devoted to understanding islamic teachings related to economics and their economic implications. Islamic economics project an academic research project. Prior to joining rice in 1998, he had been an associate professor of economics at. Featuring highlevel analysis of islamic law, this book examines fintech in islamic finance from both theoretical and empirical perspectives. The book is divided into ten chapters, in addition to a brief conclusion.
Law, economics, and practice by elgamal, mahmoud a. Law, economics and practice, cambridge university press, 2006. Law, economics, and practice, professor mahmoud elgamal, as he himself claims, attempted a qualitative. If you buy 1 then you pretty much dont need to buy anything else apart from the wider economics books. All practitioners in the industry would be well advised to regularly consult this work. Law, economics, and practice 9780521741262 by elgamal, mahmoud a. Islamic finance is essential reading for students of.
The formative period of islamic jurisprudence stretches back to the time of the early muslim communities. The objective of this special issue is to consolidate rigorous research work focusing on risk management in islamic finance. Theory and practice in a globalized world international library of economics 20110907 islamic finance and law. Books about islamic family law islamic family law by. This book proposes refocusing islamic finance on substance rather than form. A historical perspective on principles underlying islamic finance. An introduction to islamic economics muhammad akram khan international institute of islamic thought. Kuran shows that the islamic law and practices underlying middle eastern commerce worked well for a long time and were much more flexible than usually assumed. Vision at theoretical and philosophical level, the project endeavors to explore and explain the teachings of islam and the islamic worldview. Whilst building on existing approaches, it also discusses the current application of fintech in promoting financial inclusion through innovative solutions in muslimmajority countries, identifying future directions for policymakers.
Here, youll find clear and easytounderstand information on how you. This section explains the basic requirements for islamic finance contracts both in terms of the underlying asset types and also both the applicability and acceptability of the underlying asset. The most comprehensive and practical guide to islamic finance transactions. Instead of facile claims that islam is the solution or islam is the problem, readers get a detailed history of economic institutions in the middle east as compared to those in the west. In answering these questions, vissers systematic treatment of the belief system and a discussion on the acceptability of disputed instruments of islamic finance distinguish the book from others in its field.
Islamic finance ebook by david eisenberg rakuten kobo. The focus of this book is analytical and forwardlooking. The failure of economics lies in ignoring social and ethical values. It will strive to understand the expected and actual impact of islamic teachings and worldview on the values, preferences. It shows that islamic finance exists mainly as a form of rentseeking legalarbitrage. The second part of the book concentrates on islamic financial law in practice and begins with a section on financial techniques. In the current information age, such information is. This approach would entail abandoning the paradigm of islamization of every financial practice. This selected bibliography includes material that is, or has been, of relevance in the preparation of the islamic finance in practice series of books and materials. Islamic finance 2014 the cfa institute research foundation 3 discusses islamic economic thought and highlights its pertinence for islamic finance, explains the major elements of islamic law and prohibitions concerning islamic finance, addresses the use of nominate contracts and promises in structuring islamic finance products, touches on regulatory issues. A relatively recent and critical study of modern islamic finance practice. We have also shown in chapter 1 that mainstream contemporary scholars of economic analysis of the law consider such prohibitions of mutually.
Book awards book club selections books by author books by series coming soon kids books new releases teens books this months biggest new releases. A practical book that covers a wide range of areas in islamic finance. This book is by far one of the best that has been published on the topic of islamic finance and banking. Islamic finance law and practice edited by craig nethercott and david eisenberg. As one can readily infer from the case studies at the end of chapter 6, equity investment in the forms of stock and mutualfund ownership, as well as index participations with or without principal protection and the like, have been among the more successful areas in islamic finance. This book looks at the islamic finance from the perspective of consumer who. Handbook of ethics of islamic economics and finance by. In every aspect of finance from personal loans to investment banking, and from market structure to this book provides an overview of the practice of islamic finance and the historical roots that define its modes of operation.
Elgamal rice university, houston paperback 221 pages isbn. Theory and practice in a globalized world international library of economics free ebook download removed. The various publications and materials in the islamic finance in practice series have additional references. Law, economics, and practice is a landmark in our understanding of the origin, implications, and future of islamic finance. In any event, islamic finance law, economics and practice is a must read for those interested in genuine, neutral, edifying insights into the realm of islamic finance. Mahmoud a elgamal provides an overview of the practice of islamic finance and the historical roots that define its modes of operation. The authors offer an interesting analysis and also present a more intuitive approach to islamic finance to nonexperts.
Islamic finance for dummies helps experienced investors and new entrants into islamic finance quickly get up to speed on this growing financial sector. This a critical evaluation of the book entitled islamic finance. He is the author of a number of articles and books on islamic economics and finance. Books islamic law dulaneybrowne library at oklahoma. Download for offline reading, highlight, bookmark or take notes while you read islamic finance. Law and practice is the best comprehensive treatment of islamic financial law to date. This book provides an overview of the practice of islamic finance an. In every aspect of finance from personal loans to investment banking, and from market structure to. This is an interesting book on islamic banking by interesting authors. Partnerships and equity investment chapter 7 islamic. In every aspect of finance from personal loans to investment banking, and from market structure to corporate governance. Books on islamic banking islamic finance islam hashtag.
This page intentionally left blank islamic finance law, economics, and practice this book provides an overview of the. He studied islamic law as an undergraduate at the school of oriental and african studies, university of london and as a postgraduate at princeton university. The focus of the book is analytical and forwardlooking. Jonathan g ercanbrack, journal of business law 11082014. Introduction to islamic banking and finance is supported by a detailed, easy to use instructor manual, powerful test bank generator and dynamic powerpoint slides. A sharia board also shariah supervisory board, advisory board or religious board certifies islamic financial products as being shariacompliant i. In any event, islamic finance law, economics and practice is a must read for those interested in genuine, neutral, edifying insights into the realm of islamic. Islamic finance in a nutshell this is a solid entry point for those coming to the topic completely cold. An introduction to islamic banking and finance, and the main contracts that are used, along with clear examples of how these contracts are. In conclusion, any researcher who is interested in islamic finance would do quietly well to read carefully this excellent book. Includes detailed discussion and analysis of the negotiation and structure involved in islamic finance contracts.
We have shown in chapter 2 that islamic finance is a prohibitiondriven industry. Law, economics, and practice ebook written by mahmoud a. This book provides an overview of the practice of islamic finance and the historical roots that define its modes of operation. Because compliance with shariah law is the underlying reason for the existence of islamic finance, islamic banks and conventional banking institutions that offer islamic banking.
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