This publication offers researchers and scholars with an figuring out of the fundamental felony tenets of the Islamic finance undefined, learning the true fiscal results of these tenets utilizing the instruments of the trendy financial conception. break up into 4 elements, the ebook starts off with an advent to the historical past and a criminal framework for Islamic banking, masking common Islamic monetary items resembling Sukuk and Takaful and interpreting the constitution of Islamic monetary associations. It then analyzes and discusses the Miller-Modigliani Theorem, that's of direct relevance to Islamic banks that are prohibited to cost curiosity and infrequently need to count of profit-loss sharing agreements. half III of the publication introduces the reader to fashionable mechanism layout idea, paying specific awareness to optimum contracting lower than hidden motion and hidden info, and ultimate half of the ebook applies the instruments of monetary concept to appreciate functionality of Islamic monetary associations reminiscent of Islamic banks and Takaful operators.
Islamic Finance in mild of recent monetary Theory brings jointly all of the important technical instruments for examining the commercial results of Islamic frameworks and will be used as a sophisticated textbook for graduate scholars who desire to concentrate on the realm, as a reference for researchers and as a device to assist economists increase the layout of Islamic monetary institutions.
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