Islamic Banking and Finance: Theoretical and Practical Applications of the Western and Islamic Business, Finance, Investment, Models

Tariq Aziz, Ehtesham Husain Abbasi

ISBN 10: 3848485141 / ISBN 13: 9783848485147

Published by LAP LAMBERT Academic Publishing 2012-04-10, 2012

About this Item

Seller Inventory # 6666-IUK-9783848485147

Bibliographic Details

• Title: Islamic Banking and Finance: Theoretical and Practical Applications of the Western and Islamic Business, Finance, Investment, Models
• Publisher: LAP LAMBERT Academic Publishing 2012-04-10
• Publication Date: 2012
• Language: English
• ISBN 10: 3848485141
• ISBN 13: 9783848485147
• Binding: Paperback
• Condition: New

About this title

Synopsis

Western business, banking, and personal investment models focus on obtaining profit and storing wealth through the accumulation of interest, dividend payments, or the sale of negotiable futures—often linked to individuals or groups that have no vested interest in the success or failure of the investment scheme. Social responsibility or community investment and development take a derived role in the individualistic Western investment model requires complex finance and capital structure equations to obtain the highest return on investment for the individual or organizational shareholders. In addition, because of its lack of a tangible asset base, the Western model is primarily projection driven and subject to the volatility of political instability, changes in taxation policies, and social undercurrents. This cycle is compounded by the expansion of the global economy and the proliferation of economic dependence, labor exploitation, and exportation of domestic economic stability in favor of short-lived corporate or personal profits that find themselves eroded by inflation and an expatriated asset base, but it appears that the Shariah compliant Islamic finance provides a solution.

About the Author

After completing MBA (Finance) from Aligarh Muslim University, Tariq Aziz joined Department of Management Studies, Mewar University, India as Assistant Professor. He is popular among students because of his motivational attitude. His research interests Include Islamic Finance and Behavioral Finance. He has various publications in reputed journals.