
Islamic Finance
Principles and Practice
Hans Visser(Author)
Edward Elgar Publishing
Published on 30. November 2010
Book
Paperback/Softback
200 pages
978-1-84980-882-8 (ISBN)
Description
Hans Visser presents a fascinating study of both the foundations of Islamic finance and its recent developments. This highly topical book explores the products and practices of Islamic finance, specifically targeting the tensions that may arise between the ideology and the practices. The author describes the forms Islamic finance has taken, analyzes the problems that it faces, and confronts the practice of Islamic finance with the principles it is based upon. He presents a dispassionate discussion of the problems facing Islamic forms of finance, including the question of how to reconcile activities such as liquidity management, monetary policy and government finance with Islamic principles.
Islamic finance is an especially momentous phenomenon, and this book will prove an essential read for students with an interest in money and banking, and particularly Islamic finance. It will also be highly influential for bankers and staff in financial institutions, as well as financial journalists, politicians and civil servants dealing with the financial industry.
Islamic finance is an especially momentous phenomenon, and this book will prove an essential read for students with an interest in money and banking, and particularly Islamic finance. It will also be highly influential for bankers and staff in financial institutions, as well as financial journalists, politicians and civil servants dealing with the financial industry.
Reviews / Votes
'This is a refreshingly clear text on Islamic finance which. . . provides an admirably concise guide to the subject.' -- Rodney Wilson, Journal of Islamic Studies 'Islamic Finance is a welcome critical contribution to the growing body of literature on Islamic economics, banking and finance. As one would expect from an eminent and respected scholar, Visser has provided the reader with much food for thought. This stimulating book raises some serious questions which need to be addressed and provides valuable source material for researchers and students of Islamic finance.' -- Abul Hassan, The Muslim World Bank Review 'Since its development, the study of Islamic finance has been enriched by the insights of Western scholars of banking and finance. Here, Hans Visser provides a comprehensive analysis of the principles of Islamic finance, the main instruments, and the operation of Islamic institutions and markets. This thoughtful and well written study confirms Professor Visser's place in the group of Western writers able to comprehend and evaluate the essence of Islamic finance, while reinforcing Edward Elgar's position as the leading Western publishing house in this field.' -- Mervyn K. Lewis, University of South Australia and Academy of the Social Sciences in AustraliaMore details
Language
English
Place of publication
Cheltenham
United Kingdom
Target group
College/higher education
Dimensions
Height: 234 mm
Width: 156 mm
ISBN-13
978-1-84980-882-8 (9781849808828)
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Schweitzer Classification
Person
Hans Visser, Professor Emeritus of Money and Banking and International Economics, School of Business and Economics, Vrije Universiteit Amsterdam, the Netherlands
Content
Contents: Introduction 1. Why Islamic Finance? 2. Sources of Islamic Law 3. The Islamic Economy 4. Financial Instruments 5. Islamic Banks 6. Special Sectors 7. Public Finance and the Monetary Authorities 8. Islamic Finance: A Tentative Verdict Appendices A. The Quran on Riba B. The Quran on Maysir C. The Bible on Interest D. Useful Web Adresses References Index