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Islamic Finance: Law, Economics, and Practice ePub download

by Mahmoud A. El-Gamal

  • Author: Mahmoud A. El-Gamal
  • ISBN: 0521864143
  • ISBN13: 978-0521864145
  • ePub: 1611 kb | FB2: 1598 kb
  • Language: English
  • Category: Business & Finance
  • Publisher: Cambridge University Press; 1 edition (July 3, 2006)
  • Pages: 240
  • Rating: 4.2/5
  • Votes: 501
  • Format: lrf lit azw lrf
Islamic Finance: Law, Economics, and Practice ePub download

Mahmoud A. El-Gamal (Author). In any event, Islamic Finance Law, Economics and Practice is a must read for those interested in genuine, neutral, edifying insights into the realm of Islamic finance.

Mahmoud A. Find all the books, read about the author, and more. Among all books on IF, it provides a balanced approach to the topic calling for mutuality as a possible alternative framework that for all its faults is more compliant with the Shari'a than than the existing framework. IF is doomed to fail unless views of scholars like Mahmoud are taken into consideration to formulate better practices and policies as it grows to maturity.

In his work Islamic Finance: Law, Economics, and. Practice, Professor Mahmoud El-Gamal, as he. .their attitude against conventional banking and finance

In his work Islamic Finance: Law, Economics, and. Practice, Professor Mahmoud El-Gamal, as he himself claims, attempted ‘a. qualitative overview of the practice of Islamic finance and the historical roots. that have defined its modes of operation’ (p. xi). The author is Professor at Rice. University, where he holds the endowed Chair in Islamic Economics, Finance. their attitude against conventional banking and finance. The book studies the. current practice of Islamic finance which has adopted, in the opinion of its. author, ‘a peculiar form of regulatory arbitrage that is best characterized as. Shari‛a arbitrage’ (p. 20).

Law, Economics, and Practice. The focus of the book is analytical and forward-looking. This book provides an overview of the practice of Islamic nance and the historical roots that dene its modes of operation. It shows that Islamic nance exists primarily today as a form of rent-seeking legal arbitrage. Mahmoud A. El-Gamal is Professor of Economics and Statistics at Rice University, where he holds the endowed Chair in Islamic Economics, Finance, and Management.

In his work Islamic Finance – Law, Economics, and Practice, Professor Mahmoud El-Gamal, as he himself claims, attempted ‘a qualitative overview of the practice of Islamic. finance and the historical roots that have defined its modes of operation’ p. xi. University, where he holds the endowed Chair in Islamic Economics, Finance and Management. The book is divided into ten chapters in addition to a brief conclusion

Mahmoud A. Professor El-Gamal has also served in the Middle East Department of the International Monetary Fund (1995), and was the first Scholar in Residence on Islamic Finance at the . Department of the Treasury in 2004. He has published extensively in the areas of econometrics, finance, experimental economics, and Islamic law and finance. Islamic Finance: Law, Economics, and Practice.

An Introduction to Islamic. understanding of key policy strategies and exemplary practices. Based on a series of workshops and conferences. Best Practices in State and Regional Innovation Initiatives: Competing in the 21st Century. 44 MB·8,645 Downloads·New! understanding of key policy strategies and exemplary practices. Instruments and Markets Islamic Finance. 4 MB·3,633 Downloads. of Islamic Finance Instruments Andreas Jobst.

Islamic Finance book. Goodreads helps you keep track of books you want to read. Start by marking Islamic Finance: Law, Economics, and Practice as Want to Read: Want to Read savin. ant to Read.

Mahmoud El-Gamal is a Professor of Economics and Statistics, a Baker Institute Rice Faculty Scholar, and also holds . His areas of expertise include international economics and finance, econometrics, behavioral economics, and Islamic law and finance

Mahmoud El-Gamal is a Professor of Economics and Statistics, a Baker Institute Rice Faculty Scholar, and also holds the Chair in Islamic Economics, Finance, and Management at Rice University. He has previously served as chair of the economics department from 2008 to 2011. His areas of expertise include international economics and finance, econometrics, behavioral economics, and Islamic law and finance.

Электронная книга "Islamic Finance: Law, Economics, and Practice", Mahmoud A. El-Gamal. Эту книгу можно прочитать в Google Play Книгах на компьютере, а также на устройствах Android и iOS. Выделяйте текст, добавляйте закладки и делайте заметки, скачав книгу "Islamic Finance: Law, Economics, and Practice" для чтения в офлайн-режиме.

This book provides an overview of the practice of Islamic finance and the historical roots that define its modes of operation. The focus of the book is analytical and forward-looking. It shows that Islamic finance exists mainly as a form of rent-seeking legal-arbitrage. In every aspect of finance -- from personal loans to investment banking, and from market structure to corporate governance -- Islamic finance aims to replicate in Islamic forms the substantive functions of contemporary financial instruments, markets, and institutions. By attempting to replicate the substance of contemporary financial practice using pre-modern contract forms, Islamic finance has arguably failed to serve the objectives of Islamic law. This book proposes refocusing Islamic finance on substance rather than form. This approach would entail abandoning the paradigm of "Islamization" of every financial practice. It would also entail reorienting the brand-name of Islamic finance to emphasize issues of community banking, micro-finance, and socially responsible investment.
Orll
Prof. Mahmoud is one of the few scholars who are well versed in Shari'a and economics. He provides a plausible account of the faults of the existing models of Islamic finance "IF", most of which comply with the letter but not the spirit of Islam. The term Shari'a arbitrage, which he coins, is simply is the practice of adding fees for making superficial modifications to a conventional product to make it comply with the formalistic aspects of the Shari'a without altering its unjust economic effect.

Unfortunately, Mahmoud's skepticism was ill-received by the Islamic finance industry and those who benefit from Shari'a arbitrage. Those who turned out to be quite dogmatic, exclusionary, and inexplicably sensitive to criticism. Rather than challenging his thesis in a civilized and academic manner, influential Islamic economists preferred to act in contrary to the precepts of Islam by simply alienating him for no valid reason. They tend to take the best of both worlds, theoretically they persistently emphasize that IF is all about risk-sharing and justice, while practically even the Islamic Development Bank, which is presumably the most Islamic of all, has little to no risk-sharing composition of its loan portfolio as shown in its annual reports.

In any event, Islamic Finance Law, Economics and Practice is a must read for those interested in genuine, neutral, edifying insights into the realm of Islamic finance. Among all books on IF, it provides a balanced approach to the topic calling for mutuality as a possible alternative framework that for all its faults is more compliant with the Shari'a than than the existing framework. IF is doomed to fail unless views of scholars like Mahmoud are taken into consideration to formulate better practices and policies as it grows to maturity.
Fenius
In conducting research for my thesis, I found El-Gamal's book to be an incredible resource. His scholarship brings new light to the perspectives on Islamic finance. This is a must-read for anyone looking to research the subject.
Arashigore
Excellent in-depth introduction.
Nten
The best form of banking on the planet.
Gir
Quite a scholarly work. I commend Dr. El-Gamal for his deep knowledge of the subject and his unmatched academic approach to a politically/religiously sensitive issue.

A must-read for everyone interested in understanding Islamic Finance.
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