Examines the basis for the Islamic finance industry in Islamic principles in an effort to understand the deeper philosophical reasoning behind Shari’ah prohibitions and prescriptions, along with the practical implications of applying these principles in a modern financial system. Criticizes attempts to transplant Western economic theory into the
The work is the first study of the Islamic Development Bank (IDB) to be published. The author was the organization's vice-president for seven years, and was the first person to hold that post. The writer, who was a figure in the bank's foundation, discusses how the body came to develop its present global sway. The organization's track record is evaluated. Suggestions are also given for managing the IDB on through the coming years.
This book provides a detailed bibliography of Islamic banking and economics (IBE) sources concentrating on the period 1980-1990 with some data from 1991 and 1992, and with the additional unique feature of setting out for the first time the information infrastructure of the IBE discipline. A full author index and a keyword subject index for important terms are included. Only published--and thus obtainable--items are presented. The work is considered relevant for researchers, economists, bankers, and others who need information on Islamic banking and economics and related areas.
The author discusses the Islamic economic system in a work divided into four parts. The first section addresses the matters at the core of Islamic economics. The second portion presents a model of life in conformity with Islamic ethics. The third section is concerned with relaying the goals of an Islamic economy and how these goals are worked toward. The final section discusses the achievement of a new sort of society. The chapters, as indicated by their titles, deal respectively with:1. (The) nature and significance of Islamic economics; 2. The ethical foundations (of the system); 3.