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Magical Tome

Cover of Islamic banking
First published
2001
Publisher
Elgar Publishing, Incorporated, Edward
ISBN
9781843762959

Islamic banking

The outer archives are busy

by Mervyn Lewis, Latifa M. Algaoud

About this book

"The prohibition of interest is the feature of Islamic banking which most distinctly sets it apart from conventional banking. To Western eyes, this seems a strange restriction, but Christian countries themselves maintained such a ban for 1,400 years. Islamic Banking asks why Islam has been able to maintain its stand. The book explores the intricacies of Islamic law and the religious and ethical principles underpinning Islamic banking. It then considers the analytical basis of Islamic banking and financing in the light of modern theories of financial intermediation, and identifies the conceptual issues to be overcome."--BOOK JACKET.

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