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About This Book
Given the propensity of the world financial system to crisis, this book explores the radical alternative put forward by Islamic (and Western) theories of non-interest banking. The Islamic critique of interest and early experiments with non-interest banking are assessed against the conventional theories regarding banking, company finance and macroeconomic stability. Whilst the experience of Islamic banking has proved inconclusive thus far, the theoretical model provides a cogent alternative to a financial system made fragile by debt contracts.
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Yes, you can access Islamic Finance by P. Mills,J. Presley in PDF and/or ePUB format, as well as other popular books in Economics & Macroeconomics. We have over one million books available in our catalogue for you to explore.
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Table of contents
- Cover
- Contents
- Preface
- 1. Islamic Economics and Banking - the Background
- 2. The Islamic Critique of Interest
- 3. The Interest-free Financial System
- 4. Modelling Profit-and-Loss Sharing
- 5. Non-interest Banking in Practice
- 6. Non-interest Finance and Macroeconomic Stability
- 7. Key Issues in the Islamic Financial System
- 8. The Prohibition of Interest in Western Literature
- 9. Conclusions
- Notes
- References
- Index