The art of Islamic banking and finance

tools and techniques for community-based banking

My Reading Lists:

Create a new list

Check-In

×Close
Add an optional check-in date. Check-in dates are used to track yearly reading goals.
Today


Buy this book

Last edited by MARC Bot
September 13, 2024 | History

The art of Islamic banking and finance

tools and techniques for community-based banking

"A detailed look at the fast-growing field of Islamic banking and finance The Art of Islamic Banking and Finance is a modern American take on what it means to incorporate Islamic finance principles into everyday banking and investment techniques by introducing a new brand of banking for all people of all faiths: The Riba-Free (RF) banking. The author is considered the father of RF (Islamic) banking in America. He has been a banker and an Imam/scholar for over 40 years in America since 1968. He started the tedious process with a finance company, LARIBA, in Pasadena, California in 1987. This is the first book ever in the field to trace the origins of prohibiting the renting of money at a price called interest rate and over-indulging in debt. The book reviews in great details the theological foundations of prohibiting interest in the Jewish Bible, the Christian Bible, and the Qur'aan. The author then discusses money and how fiat money is created, the role of the Federal Reserve, and the banking system in America. The book also discusses for the first time ever how to include an important aspect of RF (Islamic) finance using commodity indexation and marking the items to be financed to market in order to avoid participating in economic "bubbles." The author discusses how these rules work, how they affect consumer behavior, and how they change the role of the banker/financier. Covers a new pioneering model that is based on the Law (Shari'aa) and how it is applied in every transaction from joint ventures and portfolio management to home mortgages and personal financing. Shows how to incorporate the Law (Shari'aa) into American financing and banking systems. Points to RF (Islamic) finance and banking as a way to emphasize socially responsible investing The Art of Islamic Banking and Finance also includes a discussion on the emergence of a culture of RF (Islamic) banking and finance today, which is based on the real Judeo-Christian-Islamic spirit and very effective when compared to twentieth-century models that use financial engineering and structuring techniques to circumvent the Law (Shari'aa). The book also includes case studies based on the actual experience of the author and detailed analysis of the superior results realized by applying this new brand of banking to financing"--Provided by publisher.

Publish Date
Publisher
Wiley
Language
English
Pages
396

Buy this book

Previews available in: English

Book Details


Edition Notes

Includes bibliographical references and index.

Published in
Hoboken, N.J
Series
The Wiley finance series, Wiley finance series

Classifications

Dewey Decimal Class
332.10917/67
Library of Congress
HG3368.A6 A244 2010, HG3368.A6A244 2010

The Physical Object

Pagination
xxxv, 396 p. :
Number of pages
396

ID Numbers

Open Library
OL24061721M
Internet Archive
artofislamicbank0000abdu
ISBN 10
0470449934
ISBN 13
9780470449936
LCCN
2009028344
OCLC/WorldCat
368019346

Community Reviews (0)

Feedback?
No community reviews have been submitted for this work.

Lists

This work does not appear on any lists.

History

Download catalog record: RDF / JSON
September 13, 2024 Edited by MARC Bot import existing book
January 21, 2023 Edited by ImportBot import existing book
October 18, 2022 Edited by ImportBot import existing book
December 23, 2020 Edited by MARC Bot import existing book
April 20, 2010 Created by WorkBot work found