Islamic Law and Finance: Religion, Risk, and Return (Arab and Islamic Laws, Vol. 16) (Arab & Islamic Laws Series)

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9789041105479: Islamic Law and Finance: Religion, Risk, and Return (Arab and Islamic Laws, Vol. 16) (Arab & Islamic Laws Series)
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Mirroring the expansion of wealth in the Middle East and Asia and a surge in Islamic self-identity, Islamic banking practices have either become the law of the land or coexist and compete with Western practices in at least six countries. A growing number of institutions and mutual funds (akin to Western ''socially responsible'' funds) have established Islamic investment and other practices to cater to this burgeoning market. Because of its prevalence, practitioners in every banking-related area must familiarize themselves with current Islamic finance practices in order to do business with Muslim clients and to engage in cross-border financing. Injunctions from the Qur'an and the sayings of Prophet Muhammed have generated a web of interrelated norms which prohibit Islamic financiers from engaging in transactions that involve interest (riba) and speculation (gharar). Islamic Law and Finance describes the dynamic set of Islamically-sanctioned ways financiers can transacat business.

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About the Author:

Frank E. Vogel, Director, Islamic Legal Studies Program, Harvard Law School, Cambridge, MA, USA . Samuel L. Hayes III, Jacob H. Schiff Professor of Investment Banking, Harvard Business School, Cambridge, MA, USA.

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9789041106247: Islamic Law and Finance: Religion, Risk, and Return (Arab and Islamic Laws Series, 16)

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ISBN 10:  9041106243 ISBN 13:  9789041106247
Publisher: Springer, 1998
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Book Description Kluwer Law Intl, Hague - Cambridge, MA, 1998. Hardcover. Condition: New. No Jacket. Edition nor stated, presumed first. Hardcover in full cloth with very bright gold stamped title on front cover and spine. Condition new, tight and clean book. Arab and Islamic Laws, Vol. 16. 8vo, XV + 330 pages. No markings of any kind, no names, underlinings or highlights, no bent pages. Not a reminder. Uncommon title. 8vo - over 7¾" - 9¾" tall. Seller Inventory # 010230

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