Islamic Money and Banking: Integrating Money in Capital Theory (Wiley Finance)
| Author | : | |
| Rating | : | 4.47 (839 Votes) |
| Asin | : | B006RXL77O |
| Format Type | : | |
| Number of Pages | : | 219 Pages |
| Publish Date | : | 2016-07-09 |
| Language | : | English |
DESCRIPTION:
nuances of understanding There have already been several books out on this subject. But what perhaps distinguishes this text from most others is the careful exposition about the concepts in Islam resulting in the strictures against interest.One chapter goes into the historical parallels with medieval Chr
This book examines how money, in the absence of interest (Riba) and money market can become an endogenous variable of an economic system. It further tries to integrate money in capital theory and to make monetary sector part of the real sector aiming at removing the problems that arise from separation of the two.
In the zero-sum game of capitalism, someone’s gain is someone else s loss. Without this, the global financial crisis will become a global humanitarian crisis.. Mankind’s wellbeing has to be based on global responsibility and cooperation. Greed has always been with mankind. Greed in a zero-sum game means to legally put your hands on someone else s wealth. The current global crisis is no exception and how long this crisis will last is anybody’s guess. If no action is taken to address the manifold deficiencies of the existing global zero-
He is the author of three books and dozens of papers, all of which are on Islamic banking and finance. Toutounchian earned his doctorate at Texas A&M University. Dr. IRAJ TOUTOUNCHIAN is a Professor of Economics at Az-Zahra University, Tehran, Iran, where he was the Head, Department of Economics and Social Sciences. De