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Islamic Finance in the Light of Modern Economic Theory

This book provides researchers and students with an understanding of the basic legal tenets of the Islamic finance industry, studying the real economic effects of those tenets using the tools of the modern economic theory. Split into four parts, the book begins with an introduction to the history an...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autores principales: Basov, Suren (Autor), Bhatti, M. Ishaq (Autor)
Autor Corporativo: SpringerLink (Online service)
Formato: Electrónico eBook
Idioma:Inglés
Publicado: London : Palgrave Macmillan UK : Imprint: Palgrave Macmillan, 2016.
Edición:1st ed. 2016.
Temas:
Acceso en línea:Texto Completo
Tabla de Contenidos:
  • Part I. Islamic finance: rationale, history, instruments and the legal framework
  • 1. Introduction
  • 2. Islamic financial instruments
  • 3. Historical roots and evolution of Islamic financial thought
  • Part II. Law of unexpected consequences
  • 4. The incidence of taxation
  • 5. Basics of Corporate Finance: Miller-Modigliani (MM) Theorem
  • Part III. Game theory and mechanism design
  • 6. Game theory
  • 7. Revelation Principle
  • 8. Monopolistic Screening
  • 9. The multi-dimensional screening model
  • Part IV. Mechanism design applications to Islamic finance
  • 10. Business loans, trust and contract restriction faced by Islamic banks
  • 11. Loans provision and adverse selection within orthodox religious communities
  • 12. Shariah compliance and risk-inventive trade-offs
  • 13. Shariah compliance, positive assortative matching and performance of Islamic financial institutions
  • 14. Optimal Incentives for Takaful operators. 15. When short-selling prohibition can be optimal?
  • Part V. Conclusions.