| 000 | 02284nam a22002297a 4500 | ||
|---|---|---|---|
| 003 | JGU | ||
| 005 | 20240614020005.0 | ||
| 008 | 240610b |||||||| |||| 00| 0 eng d | ||
| 020 |
_a9781032631516 _qhbk. |
||
| 040 |
_beng _cJGU |
||
| 041 | _aeng | ||
| 245 |
_aThe law of Riba in Islamic banking : _bconventional and unconventional approaches to interest-free financing / _cedited by Hasan Gurak and Neelambar Hatti. |
||
| 260 |
_aOxon : _bRoutledge, _c2024. |
||
| 520 | _a"The issue of riba i.e., interest/the 'excess' or 'surplus' on loans is crucial for both Islamic and non-Islamic countries. Western economic systems use interest to distribute financial resources efficiently for investment and/or consumption, while Islamic economies pursue a completely different strategy for financing loans, which adheres to Islamic laws, and prohibits the activities of conventional banking systems with regards to the question of interest. This book argues that there is scope for new definitions and analysis based on alternative concepts, which respect Islamic values and principles, yet pave the way for modification and debate. The book comprises of two parts. Theoretical issues are dealt with in the first section. The first two chapters examine conventional Islamic views on the prohibition of riba, while chapters three and four contain unprecedented and alternative theoretical analysis based on concepts such as "earned" (halal-permitted-legal) vs. "unearned" (haram-impermissible-illegal) income; and SUKUK, i.e., Islamic Interest-free Bonds. The second part of the book tackles another unconventional aspect of Islamic finance, i.e. the concept of NAS. The book considers whether the NAS-influenced anti-inflationary interest policy was a success or failure. Empirical data is evaluated in terms of bank incomes, inflation rate, interest rate and the distribution of income. This will be a useful guide for students, scholars and researchers of Islamic banking and finance"-- | ||
| 650 | _aBanks and banking--Religious aspects--Islam. | ||
| 650 |
_aInterest--Religious aspects--Islam. _91663194 |
||
| 700 | 1 |
_aGurak, Hasan, _eeditor _91663195 |
|
| 700 | 1 |
_aHatti, Neelambar, _eeditor _91635395 |
|
| 999 |
_c3091299 _d3091299 |
||