Overview

Over 200 Islamic banks - including some of the largest multinational banks - now operate in non-Muslim as well as Muslim countries. This work discusses Islamic financial theory and practice, and focuses on the opportunities offered by Islamic finance as an alternative method of financial intermediation. Key features of profit-sharing (as opposed to debt-based) contracts are highlighted, and the ways in which they can facilitate improved efficiency and stability of a financial system are explored.

Full Product Details

Author:   Munawar Iqbal ,  David T. Llewellyn
Publisher:   Edward Elgar Publishing Ltd
Imprint:   Edward Elgar Publishing Ltd
Weight:   0.588kg
ISBN:  

9781840647877

ISBN 10:   1840647876
Pages:   272
Publication Date:   29 January 2002
Audience:   Professional and scholarly ,  Professional & Vocational ,  Postgraduate, Research & Scholarly
Format:   Hardback
Publisher's Status:   Active
Availability:   To order  
Stock availability from the supplier is unknown. We will order it for you and ship this item to you once it is received by us.

Table of Contents

Contents: Preface Glossary 1 Introduction Munawar Iqbal and David T. Llewellyn 2 Decision-making under uncertainty: an Islamic perspective Sami Ibrahim Al-Suwailem Comments Monzer Kahf; Mohamed Ali Elgari 3 Incentive-compatible profit-sharing contracts: a theoretical treatment Habib Ahmed Comments Said Al Hallaq 4 Evidence on agency-contractual problems in mu arabah financing operations by Islamic banks Abdel-Fattah A.A. Khalil, Colin Rickwood and Victor Murinde Comments Abdel-hameed Bashir 5 Incentive-compatible constraints for Islamic banking: some lessons from Bank Muamalat Adiwarman A. Karim Comments Muhammad Nejatullah Siddiqi 6 How informal risk capital investors manage asymmetric information in profit/loss-sharing contracts Mohammad Abalkhail and John R. Presley Comments Sultan Abou-Ali 7 Choice between debt and equity contracts and asymmetrical information: some empirical evidence Kazem Sadr and Zamir Iqbal Comments Abdul Azim Islahi 8 Islamic banking contracts as enforced in Iran Ali Yasseri Comments Mohamed Ali Elgari 9 Islamic financial institutions of India: their nature, problems and prospects M.I. Bagsiraj Comments Fazlur Rahman Faridi; Sule Ahmed Gusau 10 The interface between Islamic and conventional banking Rodney Wilson Comments Muhammad Abdul Mannan; Abdurrahman Lahlou 11 Alternative visions of international monetary reform M. Umer Chapra Comments John G. Sessions Index

Reviews

Author Information

Edited by Munawar Iqbal, Professor, King Abdul Aziz University, Saudi Arabia and Chief of Research, IRTI, Islamic Development Bank and David T. Llewellyn, Emeritus Professor of Money and Banking, Loughborough University, UK

Tab Content 6

Author Website:  

Countries Available

All regions