Islamic banking and finance : new perspectives on profit-sharing and risk

著者

書誌事項

Islamic banking and finance : new perspectives on profit-sharing and risk

edited by Munawar Iqbal, David T. Llewellyn

E. Elgar in association with International Association of Islamic Economics, Islamic Development Bank, [and] the Islamic Foundation, c2002

大学図書館所蔵 件 / 14

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注記

"Some of the papers presented at the Fourth International Conference on Islamic Economics and Banking held at Loughborough University, UK, during August 13-15, 2000"--Pref

Includes bibliographical references and index

内容説明・目次

内容説明

It is a well-known fact that conventional commercial banks provide financial intermediation services on the basis of interest rates on assets and liabilities. However, since interest is prohibited in Islam, Islamic banks have developed several other modes through which savings are mobilized and passed on to entrepreneurs, none of which involve interest.Islamic Banking and Finance discusses Islamic financial theory and practice, and focuses on the opportunities offered by Islamic finance as an alternative method of financial intermediation. Key features of profit-sharing (as opposed to debt-based) contracts are highlighted, and the ways in which they can facilitate improved efficiency and stability of a financial system are explored. The authors illustrate that in addition to some 200 Islamic banks operating in Muslim as well as non-Muslim countries, some of the biggest multinational banks are now offering Islamic financial products. This book will fascinate students, researchers and academics with a special interest in comparative banking, middle-eastern studies and international finance, and will also appeal to practitioners of banking and finance.

目次

  • Contents: Preface Glossary 1 Introduction Munawar Iqbal and David T. Llewellyn 2 Decision-making under uncertainty: an Islamic perspective Sami Ibrahim Al-Suwailem Comments Monzer Kahf
  • Mohamed Ali Elgari 3 Incentive-compatible profit-sharing contracts: a theoretical treatment Habib Ahmed Comments Said Al Hallaq 4 Evidence on agency-contractual problems in mu arabah financing operations by Islamic banks Abdel-Fattah A.A. Khalil, Colin Rickwood and Victor Murinde Comments Abdel-hameed Bashir 5 Incentive-compatible constraints for Islamic banking: some lessons from Bank Muamalat Adiwarman A. Karim Comments Muhammad Nejatullah Siddiqi 6 How informal risk capital investors manage asymmetric information in profit/loss-sharing contracts Mohammad Abalkhail and John R. Presley Comments Sultan Abou-Ali 7 Choice between debt and equity contracts and asymmetrical information: some empirical evidence Kazem Sadr and Zamir Iqbal Comments Abdul Azim Islahi 8 Islamic banking contracts as enforced in Iran Ali Yasseri Comments Mohamed Ali Elgari 9 Islamic financial institutions of India: their nature, problems and prospects M.I. Bagsiraj Comments Fazlur Rahman Faridi
  • Sule Ahmed Gusau 10 The interface between Islamic and conventional banking Rodney Wilson Comments Muhammad Abdul Mannan
  • Abdurrahman Lahlou 11 Alternative visions of international monetary reform M. Umer Chapra Comments John G. Sessions Index

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