Islamic Banking:

Islamic banks are prohibited from charging or paying interest, and thus can operate only on the basis of profit-sharing arrangements. This paper provides a brief survey of the theory and practice of Islamic banking. It covers developments in Islamic banking since the mid-1970s, how such banks operat...

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Bibliographic Details
Main Author: Mirakhor, Abbas (Author)
Format: Electronic eBook
Language:English
Published: Washington, D.C International Monetary Fund 1991
Series:IMF Working Papers Working Paper No. 91/88
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Summary:Islamic banks are prohibited from charging or paying interest, and thus can operate only on the basis of profit-sharing arrangements. This paper provides a brief survey of the theory and practice of Islamic banking. It covers developments in Islamic banking since the mid-1970s, how such banks operate, and the analytical underpinnings of a financial system based on Islamic principles. Finally, the future of Islamic banking is assessed
Physical Description:1 Online-Ressource (8 p)
ISBN:1451851065
9781451851069

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