The law of riba in Islamic banking : conventional and unconventional approaches to interest-free financing

"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...

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Bibliographic Details
Other Authors: Gürak, Hasan, (Editor), Hatti, Neelambar, 1940- (Editor)
Format: eBook
Language: English
Published: Abingdon, Oxon ; New York, NY : Routledge, 2024.
Series: Islamic business and finance series.
Subjects:
Banks and banking > Religious aspects > Islam.
Interest > Religious aspects > Islam.
elektronické knihy
electronic books
ISBN: 9781032631561
1032631562
9781003861041
1003861040
9781003860990
1003860990
9781032631516
9781032631554
Physical Description: 1 online resource.

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Table of contents

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035 |a (OCoLC)1419276075 
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245 0 4 |a The law of riba in Islamic banking :  |b conventional and unconventional approaches to interest-free financing /  |c edited by Hasan Gürak and Neelambar Hatti. 
264 1 |a Abingdon, Oxon ;  |a New York, NY :  |b Routledge,  |c 2024. 
300 |a 1 online resource. 
336 |a text  |b txt  |2 rdacontent 
337 |a computer  |b c  |2 rdamedia 
338 |a online resource  |b cr  |2 rdacarrier 
490 1 |a Islamic business and finance series 
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"--  |c Provided by publisher. 
588 |a OCLC-licensed vendor bibliographic record. 
650 0 |a Banks and banking  |x Religious aspects  |x Islam. 
650 0 |a Interest  |x Religious aspects  |x Islam. 
655 7 |a elektronické knihy  |7 fd186907  |2 czenas 
655 9 |a electronic books  |2 eczenas 
700 1 |a Gürak, Hasan,  |e editor. 
700 1 |a Hatti, Neelambar,  |d 1940-  |e editor. 
830 0 |a Islamic business and finance series. 
856 4 0 |u https://proxy.k.utb.cz/login?url=https://www.taylorfrancis.com/books/9781032631561  |y Full text 

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