Islamic Finance: Ethics, Concepts, Practice

Publisher Description

Islamic economic thought and finance are rooted in Islamic ethics. Their ideals and means are not, however, exclusive to Islam. The principles of Islamic finance emphasize market-based risk-sharing modes of financing that promote assets and enterprise, deploy finance in service of the real economy, and facilitate redistribution of wealth and opportunity. Modern Islamic financial practices, however, privilege legal form over economic substance, which creates an expectations gap between Islamic finance’s theory and practice. In the wake of the global financial crisis of 2007–2008, the ideas underlying Islamic finance appeal to those more concerned with the broader impact of finance on society.

GENRE
Business & Personal Finance
RELEASED
2014
1 November
LANGUAGE
EN
English
LENGTH
128
Pages
PUBLISHER
CFA Institute Research Foundation
SELLER
RESEARCH FOUNDATION OF CFA INSTITUTE
SIZE
299.7
KB

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