• Views: 98
  • No comments

Book Category: Economics and Finances
Posted by quantum 1-01-2017, 14:29


Islamic Finance In The Light Of Modern Economic Theory

by Suren Basov

Read Online
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 and a legal framework for Islamic banking, covering typical Islamic financial products such as Sukuk and Takaful and examining the structure of Islamic financial institutions. It then analyzes and discusses the Miller-Modigliani Theorem, which is of direct relevance to Islamic banks which are prohibited to charge interest and often have to rely of profit-loss sharing agreements. Part III of the book introduces the reader to modern mechanism design theory, paying particular attention to optimal contracting under hidden action and hidden information, and final part of the book applies the tools of economic theory to understand performance of Islamic financial institutions such as Islamic banks and Takaful operators.

Islamic Finance in Light of Modern Economic Theory brings together all the necessary technical tools for analyzing the economic effects of Islamic frameworks and can be used as an advanced textbook for graduate students who wish to specialize in the area, as a reference for researchers and as a tool to help economists improve the design of Islamic financial institutions.

Rated:
Total votes: 0

Related Books:

  • The Dialectical Forge: Juridical Disputation And The Evolution Of Islamic L ...

    The Dialectical Forge: Juridical Disputation And The Evolution Of Islamic L ...
  • Philosophy In The Islamic World: A History Of Philosophy Without Any Gaps, ...

    Philosophy In The Islamic World: A History Of Philosophy Without Any Gaps,  ...
  • Modern Challenges To Islamic Law

    Modern Challenges To Islamic Law
  • Stock Markets In Islamic Countries: An Inquiry Into Volatility, Efficiency ...

    Stock Markets In Islamic Countries: An Inquiry Into Volatility, Efficiency  ...
  • Intermediate Islamic Finance

    Intermediate Islamic Finance
  • Modern Islamic Banking: Products And Processes In Practice

    Modern Islamic Banking: Products And Processes In Practice
  • The Economic System Of The Early Islamic Period: Institutions And Policies

    The Economic System Of The Early Islamic Period: Institutions And Policies
  • Public Finance And Islamic Capital Markets: Theory And Application

    Public Finance And Islamic Capital Markets: Theory And Application
  • Islamic Capital Markets: Volatility, Performance And Stability

    Islamic Capital Markets: Volatility, Performance And Stability
  • Introduction to Islamic Economics: Theory and Application

    Introduction to Islamic Economics: Theory and Application
  • Foundations of Shari'ah Governance of Islamic Banks

    Foundations of Shari'ah Governance of Islamic Banks
  • The Islamic Finance Handbook: A Practitioner's Guide to the Global Markets

    The Islamic Finance Handbook: A Practitioner's Guide to the Global Markets
  • The Second Formation of Islamic Law: The Hanafi School in the Early Modern ...

    The Second Formation of Islamic Law: The Hanafi School in the Early Modern  ...
  • The Islamic Finance Handbook: A Practitioner's Guide to the Global Markets

    The Islamic Finance Handbook: A Practitioner's Guide to the Global Markets
  • Mapping the Chinese and Islamic Worlds: Cross-Cultural Exchange in Pre-Mode ...

    Mapping the Chinese and Islamic Worlds: Cross-Cultural Exchange in Pre-Mode ...