Islamic Banking and Finance: Current Developments in Theory and Practice
Provides overview of the current theoretical developments and practices in Islamic finance discussed at Loughborough University’s 4th International Conference on Islamic Economics and Banking held August 13-15, 2000. Concentrates specifically on reducing moral hazard in Islamic financial products by reconciling social norms with trading rules. Also analyzes incentive-compatible profit-sharing contracts and regulation of the stock market within the industry.