Mahmoud A. El-Gamal: Islamic Finance

Cover: 9780521741262 | Islamic Finance | Law, Economics, and Practice | Mahmoud A. El-Gamal

Rückseite: 9780521741262 | Islamic Finance | Law, Economics, and Practice | Mahmoud A. El-Gamal

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Sprache: Englisch

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Beschreibung

This book provides an overview of the practice of Islamic finance and the historical roots that define its modes of operation. The focus of the book is analytical and forward-looking. It shows that Islamic finance exists mainly as a form of rent-seeking legal-arbitrage. In every aspect of finance - from personal loans to investment banking, and from market structure to corporate governance - Islamic finance aims to replicate in Islamic forms the substantive functions of contemporary financial instruments, markets, and institutions. By attempting to replicate the substance of contemporary financial practice using pre-modern contract forms, Islamic finance has arguably failed to serve the objectives of Islamic law. This book proposes refocusing Islamic finance on substance rather than form. This approach would entail abandoning the paradigm of 'Islamization' of every financial practice. It would also entail reorienting the brand-name of Islamic finance to emphasize issues of community banking, micro-finance, and socially responsible investment.

Über den Autor

Mahmoud A. El-Gamal is Professor of Economics and Statistics at Rice University, where he holds the endowed Chair in Islamic Economics, Finance, and Management. Professor El-Gamal has also served in the Middle East Department of the International Monetary Fund (1995-6), and was the first Scholar in Residence on Islamic Finance at the U.S. Department of the Treasury in 2004. He has published extensively in the areas of econometrics, finance, experimental economics, and Islamic law and finance.

Inhaltsverzeichnis

1. Introduction; 2. Jurisprudence and arbitrage; 3. Two major prohibitions: Riba and Gharar; 4. Sale-based Islamic finance; 5. Derivative-like sales: Salam, Istisma' and 'Urbun; 6. Leasing, securitization and Sukuk; 7. Partnerships and equity investment; 8. Islamic financial institutions; 9. Governance and regulatory solutions in mutuality; 10. Beyond Shari'a arbitrage; Conclusion.

Details

Erscheinungsjahr:	2008
Fachbereich:	Allgemeines
Genre:	Importe , Wirtschaft
Rubrik:	Recht & Wirtschaft
Medium:	Taschenbuch
Inhalt:	Kartoniert / Broschiert
ISBN-13:	9780521741262
ISBN-10:	0521741262
Sprache:	Englisch
Einband:	Kartoniert / Broschiert
Autor:	El-Gamal, Mahmoud A.
Hersteller:	Cambridge University Press
Verantwortliche Person für die EU:	Libri GmbH, Europaallee 1, D-36244 Bad Hersfeld, gpsr@libri.de
Maße:	229 x 152 x 15 mm
Von/Mit:	Mahmoud A. El-Gamal
Erscheinungsdatum:	01.11.2008
Gewicht:	0,396 kg