Islamic Financial Markets (RLE Banking & Finance) - Softcover

Softcover

ISBN 10: 0415751799 ISBN 13: 9780415751797

Publisher: Routledge, 2014

Synopsis

When it was originally published this volume was the first comprehensive survey of the experience of Islamic banking throughout the Muslim world in Turkey, Egypt, Kuwait, Jordan, Sudan, iran, Pakistan and Saudi Arabia. Drawing comparisons between the countries in economic terms, it shows that the success of Islamic banks to a large extent reflects the immediate political environment. The complete Islamization of the financial systems of the more fundamentalist countries of Iran and Pakistan is compared with the divide between conventional interest-based systems and the new Islamic banks in Kuwait, Turkey, Egypt, Sudan and Jordan.

Islamic Financial Markets explores both international Islamic finance and the national markets in which Islamic banks operate, raising for the first time the issue of competition in Islamic banking. It also looks to the future, to retail development and wholesale possibilities which seem to be the next step forward in Islamic finance. Setting the subject in historical, religious and economic perspective, the book offers a comprehensive survey of the successful adaptation of an ancient financial system to meet the requirements of modern commerce.

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Edition details

• Publisher: Routledge
• Publication date: 2014
• Language: English
• ISBN 10: 0415751799
• ISBN 13: 9780415751797
• Binding: Paperback
• Edition number: 1
• Number of pages: 256
• Editor: Wilson Rodney