Islamic Finance: Ethics, Concepts, Practice Usman Hayat

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Published: January 7th 2015

Kindle Edition

164 pages


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Islamic Finance: Ethics, Concepts, Practice  by  Usman Hayat

Islamic Finance: Ethics, Concepts, Practice by Usman Hayat
January 7th 2015 | Kindle Edition | PDF, EPUB, FB2, DjVu, AUDIO, mp3, ZIP | 164 pages | ISBN: | 8.53 Mb

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 andMoreIslamic 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.



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