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Islamic Finance: Theory and Practice

  • Paul S. Mills
  • John R. Presley
Book

Table of contents

  1. Front Matter
    Pages i-ix
  2. Paul S. Mills, John R. Presley
    Pages 1-6
  3. Paul S. Mills, John R. Presley
    Pages 7-14
  4. Paul S. Mills, John R. Presley
    Pages 15-33
  5. Paul S. Mills, John R. Presley
    Pages 34-48
  6. Paul S. Mills, John R. Presley
    Pages 49-57
  7. Paul S. Mills, John R. Presley
    Pages 58-72
  8. Paul S. Mills, John R. Presley
    Pages 73-100
  9. Paul S. Mills, John R. Presley
    Pages 101-113
  10. Paul S. Mills, John R. Presley
    Pages 114-120
  11. Back Matter
    Pages 121-171

About this book

Introduction

Given the propensity of the world financial system to crisis, this book explores the radical alternative put forward by Islamic (and Western) theories of non-interest banking. The Islamic critique of interest and early experiments with non-interest banking are assessed against the conventional theories regarding banking, company finance and macroeconomic stability. Whilst the experience of Islamic banking has proved inconclusive thus far, the theoretical model provides a cogent alternative to a financial system made fragile by debt contracts.

Keywords

banking Islamic Banking macroeconomics

Authors and affiliations

  • Paul S. Mills
    • 1
  • John R. Presley
    • 2
    • 3
  1. 1.UK Debt Management OfficeHM TreasuryLondonUK
  2. 2.University of LoughboroughUK
  3. 3.The Saudi British BankUK

Bibliographic information

Industry Sectors
Finance, Business & Banking