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About this book
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.
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Table of contents (9 chapters)
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Front Matter
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Back Matter
Authors and Affiliations
About the authors
PAUL S. MILLS is Manager, UK Debt Management Office, HM Treasury, Threadneedle Street, London
JOHN R. PRESLEY is Professor of Economics at Loughborough University. He has written or edited over fifteen books including Banking in the Arab Gulf (with Rodney Wilson), A Guide to the Saudi Arabian Economy (with A. J. Westaway) and Islamic Financial Institutions.
JOHN R. PRESLEY is Professor of Economics at Loughborough University. He has written or edited over fifteen books including Banking in the Arab Gulf (with Rodney Wilson), A Guide to the Saudi Arabian Economy (with A. J. Westaway) and Islamic Financial Institutions.
Bibliographic Information
Book Title: Islamic Finance
Book Subtitle: Theory and Practice
Authors: Paul S. Mills, John R. Presley
DOI: https://doi.org/10.1057/9780230288478
Publisher: Palgrave Macmillan London
eBook Packages: Palgrave Economics & Finance Collection, Economics and Finance (R0)
Copyright Information: Palgrave Macmillan, a division of Macmillan Publishers Limited 1999
Hardcover ISBN: 978-0-312-22448-6Published: 11 November 1999
eBook ISBN: 978-0-230-28847-8Published: 17 December 2015
Edition Number: 1
Number of Pages: IX, 171
Topics: Macroeconomics/Monetary Economics//Financial Economics, Banking