This book provides state-of-the art analysis of banking and financial systems in the Arab world. The early chapters of the text present an overview of Arab economies linking banking and financial sect...
Over the last thirty years, Islamic banking has emerged as a viable and efficient model of financial intermediation. In conventional economic systems, the interest rate mechanism is at the heart of th...
Since interest is prohibited in Islam, this book examines the sustainability of development in a non-interest framework and how a supporting financial system can be built on alternative mechanisms. It...
This text explains how various issues in the field of globalization relate to developing countries in general and Muslim countries in particular. It highlights both the positive as well as negative as...