Islamic Money and Banking: Integrating Money in Capital Theory (Wiley Finance)

You looking to find the "Islamic Money and Banking: Integrating Money in Capital Theory (Wiley Finance)" Good news! You can purchase Islamic Money and Banking: Integrating Money in Capital Theory (Wiley Finance) with secure price and compare to view update price on this product. And deals on this product is available only for limited time.

   

Product Description

This book examines how money, in the absence of interest (Riba) and money market can become an endogenous variable of an economic system. It further tries to integrate money in capital theory and to make monetary sector part of the real sector aiming at removing the problems that arise from separation of the two.

Islamic Money and Banking: Integrating Money in Capital Theory (Wiley Finance) Review

There have already been several books out on this subject. But what perhaps distinguishes this text from most others is the careful exposition about the concepts in Islam resulting in the strictures against interest.

One chapter goes into the historical parallels with medieval Christian Europe and the then existing prohibitions against many forms of interest. We see close overlaps between the Christian theologians' arguments about the charging of interest on loans and deposits and many current Islamic thoughts.

Also, the book educates the reader in the sometimes wide differences between different Muslim thinkers and countries about what constitutes acceptable alternatives to interest. The author hails from Iran and offers his interpretation, which perhaps could be construed as that accepted in Iran. But he also explains thinking and financial instruments used in other Muslim centers, like Pakistan, Malaysia and Saudi Arabia. So the book is more than merely a description of the mathematics underlying different sharia-compliant instruments. You get an appreciation of the nuances in thought across the Muslim world.

Most of the consumer Reviews tell that the "Islamic Money and Banking: Integrating Money in Capital Theory (Wiley Finance)" are high quality item. You can read each testimony from consumers to find out cons and pros from Islamic Money and Banking: Integrating Money in Capital Theory (Wiley Finance) ...