Islamic Money and Banking: Integrating Money in Capital Theory (Wiley Finance)
| Author | : | |
| Rating | : | 4.71 (690 Votes) |
| Asin | : | 0470823194 |
| Format Type | : | paperback |
| Number of Pages | : | 350 Pages |
| Publish Date | : | 2014-12-05 |
| Language | : | English |
DESCRIPTION:
"nuances of understanding" according to W Boudville. There have already been several books out on this subject. But what perhaps distinguishes this text from most others is the careful exposition about the concepts in Islam resulting in the strictures against interest.One chapter goes into the historical parallels with medieval Christian Europe and the then existing prohibitions against many forms of interest. We see close overlaps between the Christian theologians' arguments about the charging of interest on loans and deposits and many current
IRAJ TOUTOUNCHIAN is a Professor of Economics at Az-Zahra University, Tehran, Iran, where he was the Head, Department of Economics and Social Sciences. Prof. Toutounchian was formerly the Deputy-Minister for Economics and International Affairs, Ministry of Economic Affairs and Finance and he has also served as a member of the Money and Credit Council, Central Bank of Iran. Dr. His dissertation clearly exhibits his ability to do original theory and to bring economic theory to bear
The current global crisis is no exception and how long this crisis will last is anybody’s guess. Without this, the global financial crisis will become a global humanitarian crisis.. At this point, the crucial question we should be examining is the role capitalism has played in this regard.Given that greed is within human nature, we might ask: Can Islamic economics provide a solution to check greed? As this book will show, the answer is “Yes,” and the solution can be found in cooperation among individuals. From the Inside Flap Of the many great economic losses experienced worldwide over the last hundred years, almost all have had their origins in the United States. The will has to be directed towards instituting an increasing-sum game in which underdeveloped and developed countries alike have an equitable share of life s r
This book examines how money, in the absence of interest (Riba) and money market can become an endogenous variable of an economic system. It further tries to integrate money in capital theory and to make monetary sector part of the real sector aiming at removing the problems that arise from separation of the two.