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Islamic Banking - A $300 Billion Deception
Taschenbuch von Muhammad Saleem
Sprache: Englisch

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Beschreibung
Islamic banks currently control about [...] billion in assets. This book assesses the underlying rationale of Islamic banking, that the Quran prohibits all forms of interest. The author maintains that, first, a correct interpretation of the Quran, keeping in mind the context, would indicate that what the Quran prohibits is usury -exorbitant interest. Second, Islamic banks do not practice what they preach; they all charge interest, but disguised in Islamic garb. Thus they engage in deceptive and dishonest banking practices.

The author also offers some policy recommendations, including the need for Ijtihad, Enlightenment, and critical thinking. Islamic banks, if they wish to practice genuine and authentic Islamic banking, should become more like venture capital firms.
Islamic banks currently control about [...] billion in assets. This book assesses the underlying rationale of Islamic banking, that the Quran prohibits all forms of interest. The author maintains that, first, a correct interpretation of the Quran, keeping in mind the context, would indicate that what the Quran prohibits is usury -exorbitant interest. Second, Islamic banks do not practice what they preach; they all charge interest, but disguised in Islamic garb. Thus they engage in deceptive and dishonest banking practices.

The author also offers some policy recommendations, including the need for Ijtihad, Enlightenment, and critical thinking. Islamic banks, if they wish to practice genuine and authentic Islamic banking, should become more like venture capital firms.
Details
Erscheinungsjahr: 2006
Fachbereich: Wirtschaftsratgeber
Genre: Wirtschaft
Rubrik: Recht & Wirtschaft
Medium: Taschenbuch
ISBN-13: 9781599268699
ISBN-10: 1599268698
Sprache: Englisch
Ausstattung / Beilage: Paperback
Einband: Kartoniert / Broschiert
Autor: Saleem, Muhammad
Hersteller: Xlibris
Maße: 229 x 152 x 5 mm
Von/Mit: Muhammad Saleem
Erscheinungsdatum: 31.01.2006
Gewicht: 0,12 kg
Artikel-ID: 114080433
Details
Erscheinungsjahr: 2006
Fachbereich: Wirtschaftsratgeber
Genre: Wirtschaft
Rubrik: Recht & Wirtschaft
Medium: Taschenbuch
ISBN-13: 9781599268699
ISBN-10: 1599268698
Sprache: Englisch
Ausstattung / Beilage: Paperback
Einband: Kartoniert / Broschiert
Autor: Saleem, Muhammad
Hersteller: Xlibris
Maße: 229 x 152 x 5 mm
Von/Mit: Muhammad Saleem
Erscheinungsdatum: 31.01.2006
Gewicht: 0,12 kg
Artikel-ID: 114080433
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