New issues in Islamic finance and economics : progress and challenges

Bibliographic Information

New issues in Islamic finance and economics : progress and challenges

Hossein Askari, Zamir Iqbal, and Abbas Mirakhor

John Wiley & Sons (Asia), c2009

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Includes bibliographical references (p. 327-362) and index

Description and Table of Contents

Description

New Issues in Islamic Finance & Economics: Progress and Challenges provides a review of the main issues and challenges facing Islamic finance. The application of Islamic finance is currently limited to banking. This book starts with an overview of the factors and motives behind the development of Islamic finance. A critical review of issues facing the industry is provided followed by a detailed analysis of areas where further attention is required. The book offers some original thinking on issues pertaining to governance, institutions, public finance and economic development within an Islamic financial system.

Table of Contents

Glossary of Arabic Terms ix Acknowledgement xxi 1 Development and Progress of Islamic Finance 1 2 Issues and Challenges 47 3 Islamic Finance and Globalization: Convergence and a Boost for Rapid Growth? 75 4 Globalization and Its Implications for Muslim Countries 111 5 Expanding Financial Frontiers 129 6 Reputational Risk for the Islamic Financial Industry 149 7 Design of Benchmark for Asset Pricing 179 8 Qard-ul-Hassan-based Microfinance 197 9 Developing the Theoretical Foundations of Economics in Islam 211 10 Islam and Economic Development 243 11 Taxation and Public Expenditures in Islam 263 12 Scope of Social Safety Net in Islam: A Case Study 293 References 327 Index 363

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