Islamic Banking

dc.contributor.authorLewis, M.
dc.contributor.authorAlgaoud, L.
dc.date.issued2001
dc.description.abstractThe Islamic financial system is based on the teaching of the Qur’an, which prohibits the use of interest in economic activities (Saeed 1996). This prohibition meant that historically a section of the Muslim population stayed away from conventional money markets. The development of the Islamic banking and finance sector and the establishment of Islamic banks have provided an alternative for Muslims to have access to interest-free halal (permissible to consume) financing options (Siddiqui 1994).
dc.identifier.doi10.4324/9780203517390-42
dc.identifier.isbn9781858988085
dc.identifier.urihttps://hdl.handle.net/1959.8/43815
dc.language.isoen
dc.publisherEdward Elgar
dc.publisher.placeNorthampton
dc.relation.ispartofseriesIslamic Banking
dc.rightsCopyright status unknown
dc.titleIslamic Banking
dc.typeBook
pubs.publication-statusPublished
ror.mmsid9915912394201831

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