Islamic Finance in Theory and Practice
Islamic Finance in Theory and Practice
This chapter provides background information on Islamic finance, beginning by defining Islamic finance whose operations and objectives are consistent with the Islamic law or the Shariah. It also discusses the different factors that set Islamic banking apart from conventional banking, such as: riba, gharar, zakat and halal. The chapter also discusses the geo-economics of Islam, and its diversity and fundamentalism. The second section of the chapter discusses the depictions and demonstrations of Islamic finance and banking in literatures. It discusses the emphasis placed by many literatures on Islamic banking, the historical backdrop of the Islamic financial institution and the need for interdisciplinary approach to capture the many facets of Islamic finance.
Keywords: Islamic finance, Islamic law, Shariah, riba, gharar, zakat, halal, geo-economics of Islam, fundamentalism
Edinburgh Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.
Please, subscribe or login to access full text content.
If you think you should have access to this title, please contact your librarian.
To troubleshoot, please check our FAQs, and if you can't find the answer there, please contact us.
