Islamic Banking and Finance: Current Developments in Theory and Practice (Paperback)

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This book is an attempt to provide an overview of such developments, which were discussed in the 4^{th International Conference on Islamic Economics and Banking held at Loughborough University, UK during August 13-15, 2000. The book particularly discusses the performance, prospects and challenges facing the Islamic financial industry and highlights the opportunities offered by Islamic financial instruments as an alternative way to financial intermediation.}

Main contents:

Decision making under uncertainty
Social norms and trading rules: the means to reduce moral hazard in Islamic financial products
Incentive-compatible profit-sharing contracts
Regulation of the stock market in an Islamic economy and more…