University of Wales - Lampeter

This thesis identifies the principal laws governing economic behavior of individuals and the source of Islamic economic theory as found in the Qur'an. The thesis is divided into six sections thematically.

This study was carried out in Kuwait Finance House (KFH) and looks at the current situation of Islamic banking from the perspective of modern financial intermediation and Islamic contracting theories. A major problem has developed for Islamic banks due to rapid changes in technology, and the lack of innovative solutions to some managerial and operations issues. Strong competition has led to customers expecting to receive high quality services, something that is now lacking in Islamic banks.

The Islamic System of Economics may provide practical solutions to existing world economic problems and serve as a viable alternative to the present economic system. This thesis analyzes the use of speculative transactions within stock markets in Islamic countries, and the increasing amount of attempts at short-term stock market gains as opposed to longer term more responsible investments. Do the moral and ethical teachings of

This thesis examines the validity of banking in an Islamic economy. Despite the existence of Islamic banking theory for fifty years and impressive growth in the number of banking institutions, many