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Economic development and Islamic finance /
Over the last three decades, the concepts of Islamic finance and Islamic economics have captured the attention of researchers. The growing market for transactions compatible with Islamic law (Shari-áh) is further evidence of growing interest in this mode of finance. By some estimates, the total vol...
| Clasificación: | Libro Electrónico |
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| Otros Autores: | , |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Washington, DC :
World Bank,
[2013]
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| Colección: | Directions in development (Washington, D.C.). Finance.
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| Temas: | |
| Acceso en línea: | Texto completo |
Tabla de Contenidos:
- Front Cover; Contents; Foreword; Acknowledgments; Contributors; Abbreviations; Overview; Figure O.1 Growth of Islamic Banking and Conventional Banking Assets in Selected Countries, 2006-10; Table O.1 Total Islamic Banking Assets; Figures; Figure O.2 Total Sukuk Issuance, 2002-12; Tables; Views on Economic Development; Box O.1 Basic Principles of an Islamic Economic and Financial System; Boxes; The Islamic Concept of Economic Development; Summary of Chapters; References; Part 1 Theoretical Foundation; Chapter 1 Epistemological Foundation of Finance: Islamic and Conventional.
- An Ideal Conventional Financial SystemAn Ideal Islamic Finance System; Achieving the Ideal: Uncertainty, Risk, and Equity Markets; Summary and Conclusion; References; Background Reading; Chapter 2 Islamic Finance Revisited: Conceptual and Analytical Issues from the Perspective of Conventional Economics; Introduction; The Central Tenet of Islamic Finance: Absolute Prohibition against Interest Rates; Ethical Foundations of Islamic Finance; Modigliani and Miller Theorems; Risk Sharing, Risk Shifting, and the Risks of Bankruptcy; The Stock Market and Islamic Finance.
- Interim Summary of the Main Findings and Two Further QuestionsIslamic Finance and Economic Development; The Real Challenge of Islamic Finance; Conclusion; Notes; References; Chapter 3 The Foundational Market Principles of Islam, Knightian Uncertainty, and Economic Justice; Introduction; The Foundational Islamic Market Principles; Knightian Uncertainty and the Islamic View of Uncertainty; Institutional Development, Trust, and Uncertainty; Islamic Contracts and Risk Sharing; Table 3.1 Banking Crises in Predominantly Muslim and Non-Muslim Countries, 1800-2008.
- Research Agenda for Islamic Economics: A ProposalConcluding Remarks; Notes; References; Part 2 Developmental Aspects; Chapter 4 Finance and Development in Islam: A Historical Perspective and a Brief Look Forward; Introduction; Basic Characteristics of an Islamic Economy and Finance; Implementation; Historical Evidence; Stagnation and Decline; Relevance for Today: What Needs to Be Done?; Conclusion; Notes; References; Chapter 5 Economic Development in Islam; The Evolution of Western Thinking on Development; Economic Development in Islam; Concluding Comments; Notes; References.
- Chapter 6 Islam's Perspective on Financial InclusionWhat Is Financial Inclusion and Why Is It Important?; Issues with the Conventional Approach to Financial Inclusion; The Concept of Financial Inclusion in Islam; Redistributive Instruments of Islam; Public Policy Implications; Government as the Risk Manager Promoting Risk Sharing; Need for Developing a Supportive Institutional Framework; Institutionalization of Islamic Redistributive Instruments; Conclusion; Notes; References; Chapter 7 Financial Inclusion and Islamic Finance: Organizational Formats, Products, Outreach, and Sustainability.