ISBN-13: 9780333490839 / Angielski / Twarda / 1999 / 171 str.
ISBN-13: 9780333490839 / Angielski / Twarda / 1999 / 171 str.
Given the propensity of the world financial system to crisis, this book explores the radical alternative put forward by Islamic (and Western) theories of non-interest banking. The Islamic critique of interest and early experiments with non-interest banking are assessed against the conventional theories regarding banking, company finance and macroeconomic stability. Whilst the experience of Islamic banking has proved inconclusive thus far, the theoretical model provides a cogent alternative to a financial system made fragile by debt contracts.