Islamic Finance and Africa`s Economic Resurgence, Muhammad Al Amine

Автор: Iqbal
Название: Islamic Finance and Economic Development
ISBN: 140394718X ISBN-13(EAN): 9781403947185
Издательство: Springer
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Цена: 14673.00 р.
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Описание: Explores the role of Islamic finance in promoting growth and development. This book highlights the benefits of Islamic banking, as an alternative model of financial intermediation, with case studies examining features of Islamic finance and their relationship with growth, economic and financial stability, allocative efficiency and social justice.

Автор: Basov
Название: Islamic Finance in the Light of Modern Economic Theory
ISBN: 113728661X ISBN-13(EAN): 9781137286611
Издательство: Springer
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Цена: 13275.00 р.
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Описание: This book provides researchers and students with an understanding of the basic legal tenets of the Islamic finance industry, studying the real economic effects of those tenets using the tools of the modern economic theory. Split into four parts, the book begins with an introduction to the history and a legal framework for Islamic banking, covering typical Islamic financial products such as Sukuk and Takaful and examining the structure of Islamic financial institutions. It then analyzes and discusses the Miller-Modigliani Theorem, which is of direct relevance to Islamic banks which are prohibited to charge interest and often have to rely of profit-loss sharing agreements. Part III of the book introduces the reader to modern mechanism design theory, paying particular attention to optimal contracting under hidden action and hidden information, and final part of the book applies the tools of economic theory to understand performance of Islamic financial institutions such as Islamic banks and Takaful operators.Islamic Finance in Light of Modern Economic Theory brings together all the necessary technical tools for analyzing the economic effects of Islamic frameworks and can be used as an advanced textbook for graduate students who wish to specialize in the area, as a reference for researchers and as a tool to help economists improve the design of Islamic financial institutions.

Автор: Iqbal & Mirakhor
Название: Economic Development And Islamic Finance
ISBN: 0821399535 ISBN-13(EAN): 9780821399538
Издательство: Mare Nostrum (Eurospan)
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Описание: Over the last three decades, the concepts of Islamic finance and Islamic economics have captured the attention of researchers. The growing market for transactions compatible with Islamic law (Shari-áh) is further evidence of growing interest in this mode of finance. By some estimates, the total volume of Islamic financial assets has grown by 15 to 20 percent a year since 1990 and now exceeds $1.3 trillion. The growth of the Islamic financial sector in 2006–10 period surpassed the growth of conventional financial sector in all segments of the market, ranging from commercial banking, investment banking, and fund management to insurance in several Muslim-majority countries. The growth of this market has been driven by the high demand for Shari-áh-compliant products, as well as the increasing liquidity in Gulf region due to high oil revenues. Following on from the significant developments that have occurred in what is viewed as the core area for this market—the predominantly Muslim countries—we are now witnessing the globalisation of Islamic finance. In recent years, significant interest in Islamic finance has emerged in the world’s leading conventional financial centres, including London, New York, and Hong Kong, and Western investors are increasingly considering investment in Islamic financial products. Although Islamic finance is one of the fastest growing segments of emerging global financial markets, it is often stated that the market is far below its true potential. At the same time, the concepts of Islamic finance are not fully explained and exploited—especially in the areas of economic development, inclusion, access to finance, and public policy. This volume attempts to highlight some of the key features of Islamic finance relevant to economic development. The objective of the volume is to improve understanding of the perspective of Islamic finance on economic development, social and economic justice, human welfare, and economic growth.