An Introduction to Islamic Finance

An Introduction to Islamic Finance pdf epub mobi txt 电子书 下载 2025

出版者:Brill Academic Pub
作者:Usmani, Muhammad Taqi
出品人:
页数:140
译者:
出版时间:2001-1
价格:$ 177.41
装帧:HRD
isbn号码:9789041116192
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Although the principles of Shari'ah require banks and financial institutions to be structured on an interest-free basis, this does not mean that such institutions are charitable concerns. As long as a person advancing money expects to share in the profits earned (or losses incurred) by the other party, a stipulated proportion of profit is legitimate. The philosophy is enshrined in the traditional Islamic concepts of musharakah and mudarabah, along with their specialized modern variants murabahah, ijarah, salam, and istisna'. This guide to Islamic finance clearly delineates the all-important distinctions between Islamic practices and conventional procedures based on interest. Justice Usmani of Pakistan, who chairs several Shari'ah supervisory boards for Islamic banks, clearly explains the various modes of financing used by Islamic banks and non-banking financial institutions, emphasizing the necessary requirements for their acceptability from the Shari'ah standpoint and the correct method for their application. He deals with practical problems as they arise in the course of his presentation, and offers possible solutions in each instance. Investors and others doing business (or intending to do so) in Islamic countries have in this book a clear, well-informed, and practical guide to a crucial factor in the success of their endeavours.

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