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Vol 22 No 12 Dec 17/Jan 18

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Islamic Banking

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ISBN13: 9780406100351
ISBN: 0406100357
Published: February 1990
Publisher: LexisNexis Butterworths
Format: Hardback
Price: Out of print

The law relating to banking practice in Islamic countries is a subject that is of continuing importance. For example, the Koran prohibits the charging of interest and banks frequently have to resort to complex legal arrangements to conduct their business. The central role Islam plays in the politics and economy of a number of financial centres means that the problems are very far from being academic. It was originally written for the Central Bank of Iran and is now to be made available in English.

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Islamic Law
Part 1 Generalities: basis of the credit system; regulations and basic criteria.
Part 2 Recognitions: Qard-al-hasanah grant; Modharbah; civil partnership; equity partnership; direct investment; instalment sales; hire purchase; forward deals; Jo'aalah; Mozara'ah; Mosa'qaat; debt purchase; guarantees.