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Vol 21 No 9 Sept/Oct 2016

Book of the Month

Cover of Goode on Commercial Law

Goode on Commercial Law

Edited by: Ewan McKendrick
Price: £170.00

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Islamic Finance: Principles and Practice 2nd ed

ISBN13: 9781781001738
Published: November 2013
Publisher: Edward Elgar Publishing Limited
Country of Publication: UK
Format: Hardback
Price: £78.00

Low stock.

This thoroughly updated and revised second edition analyses the ideas behind Islamic finance, the forms Islamic finance has taken in practice and the tension between the two that may occasionally arise.

Along with an expanded section on the history of the ban on interest, this second edition contains a much more extensive discussion of investment and savings accounts, sukuk and tawarruq. Hans Visser aims to answer key topics on Islamic finance, ranging from the principles behind the phenomenon to the interaction of the market place with religious restrictions.

How can governments finance their deficits and central banks conduct monetary policy without the interest-rate instrument? What price do the clients of the Islamic financial system pay for the increase in complexity and loss in flexibility compared with conventional finance? How do banking supervisors take account of the associated risks? In answering these questions, Visser's systematic treatment of the belief system and a discussion on the acceptability of disputed instruments of Islamic finance distinguish the book from others in its field.

Islamic Finance is essential reading for students of economics, finance and Islamic studies. Moreover, a detailed examination of fiscal and monetary policies ensures that it will also appeal to banking staff, financial journalists and politicians alike.

Banking and Finance, Islamic Law
1. Why Islamic Finance?
2. Sources of Islamic Law
3. The Islamic Economy
4. Forms of Islamic Finance
5. Islamic Banks
6. Special Sectors
7. Public Finance and the Monetary Authorities
8. Islamic Finance: A Tentative Verdict
A. The Quran on Riba
B. The Quran on Maysir
C. The Bible on Interest References