Islamic Finance and Economic Development
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Beschreibung
Over the last thirty years, Islamic banking has emerged as a viable and efficient model of financial intermediation. In conventional economic systems, the interest rate mechanism is at the heart of that process, however the Islamic financial system cannot rely on that mechanism. With this fact considered, this volume explores the role of Islamic finance in promoting growth and development. It highlights the benefits that Islamic banking can bring to society as an alternative model of financial intermediation and presents interesting case studies that examine certain features of Islamic finance and their relationship with growth, economic and financial stability, allocative efficiency and social justice.
Autor*in
M. Iqbal
Themen in »Islamic Finance and Economic Development«
development Economic Development Islamic Finance society
Stimmen zu »Islamic Finance and Economic Development«
'The editors have contributed an informative and comprehensive introduction that takes the reader along into the main themes of the papers.' - Muhammad Akram Khan, The Muslim World Book Review
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