Islamic Banking and Finance: New Perspectives on Profit Sharing and Risk

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Munawar Iqbal, David T. Llewellyn
Edward Elgar Publishing, Jan 1, 2002 - Business & Economics - 250 pages
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Over 200 Islamic banks - including some of the largest multinational banks - now operate in non-Muslim as well as Muslim countries. This work discusses Islamic financial theory and practice, and focuses on the opportunities offered by Islamic finance as a
 

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Contents

Introduction
1
Decisionmaking under uncertainty an Islamic perspective
15
Incentivecompatible profitsharing contracts a theoretical treatment
40
Evidence on agencycontractual problems in mudarabah financing operations by Islamic banks
57
Incentivecompatible constraints for Islamic banking some lessons from Bank Muamalat
95
How informal risk capital investors manage asymmetric information in profitlosssharing contracts
111
Choice between debt and equity contracts and asymmetrical information some empirical evidence
139
Islamic banking contracts as enforced in Iran
155
Islamic financial institutions of India their nature problems and prospects
169
The interface between Islamic and conventional banking
196
Alternative visions of international monetary reform
219
Index
241
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