A question of interest : the paralysis of Saudi banking

Author(s)

• Macfarlane, Peter W.

Bibliographic Information

A question of interest : the paralysis of Saudi banking

Peter W. Wilson

Westview Press, 1991

Note

Includes bibliographical references (p. [293]-296)

Description and Table of Contents

Description

In Saudi Arabia today a classic confrontation between Islamic fundamentalism and modernism has brought the Saudi banking system virtually to a state of paralysis. The debate is between those upholding the traditional Islamic prohibition against charging interest on loans and those who wish to see a modern banking system capable of generating credit to support economic development. Drawing on personal experience, interviews, and unpublished primary sources, Peter Wilson tells a dramatic story of powerful pesonalities, clashing cultures, and often mysterious institutions with a journalists's eye for the telling anecdote as well as for the statistical evidence.

Table of Contents

• The origins of the Kingdom's banking system
• the 12 Saudi banks
• bad loans - the problem begins
• the Saudi stock exchange
• reporting, auditing and internal controls
• joint ventures and waning commitments
• the great experiment - Saudiization
• the Kingdom's three basket cases.

by "Nielsen BookData"

• NCID: BA12724497
• ISBN:
  • 081338107X
• LCCN: 90021793
• Country Code: us
• Title Language Code: eng
• Text Language Code: eng
• Place of Publication: Boulder
• Pages/Volumes: viii, 296 p.
• Size: 23 cm
• Classification:
  • LCC : HG3263.A6
  • DC20 : 332.8/2/09538
• Subject Headings:
  • LCSH : Banks and banking -- Saudi Arabia
  • LCSH : Interest -- Government policy -- Saudi Arabia
  • LCSH : Banks and banking -- Religious aspects -- Islam