Islamic Banking and Finance (Critical Concepts in Economics)

by Ameral - Roubaie (Editor), ShafiqAlvi (Editor)

• New

  Hardcover
  2010

  $779.44

  Islamic banking refers to a financial system which is consistent with principles of Islamic law (or 'sharia') and guided by Islamic economics. In particular, Islamic law prohibits 'riba' or usury, the collection and payment of interest. This book covers Islamic banks which have been created to cater to the growing demand, driven by globalization.