Globalization and Islamic Finance: Convergence, Prospects and Challenges (Wiley Finance)
| Author | : | |
| Rating | : | 4.49 (649 Votes) |
| Asin | : | B006FLW2JK |
| Format Type | : | |
| Number of Pages | : | 442 Pages |
| Publish Date | : | 2017-07-10 |
| Language | : | English |
DESCRIPTION:
Globalization and Islamic Finance is both timely and needed.Sani HamidDirector, Wealth Management Financial Alliance (Singapore). This is an extremely valuable book written by three highly qualified scholars whose credentials for writing such a book are difficult to match. Umer ChapraProminent Scholar of Islamic Economics and currently Research Advisor Islamic Research and Training Institute (IRTI), Islamic Development Bank (IDB)Globalization and Islamic Finance, by three well-respected authors in Islamic finance, provides a thought-provoking analysis of an important and topical issue, particularly, gi
He has received several awards including “Order of Companion of Volta” for service to Ghana, conferred by the President of Ghana in 2005; Islamic Development Bank Annual Prize for Research in Islamic Economics, shared with Moshin Khan in 2003, and “Quaid-e Azam” star for service to Pakistan conferred by the President of Pakistan in 1997. in Economics and attended the Sloan School of Management at the
It may thus be a major force for change in conventional finance, toward greater reliance on equity financing and risk sharing, and thus increase the likelihood of a convergence of conventional and Islamic finance.How will globalization affect both conventional and Islamic finance? Will they continue to flourish as two distinct financial systems? Will they converge over time, or will one absorb the other? How will they each affect globalization? What does their history, and the history of globalization, reveal about their future? These are the major issues addressed in this timely book. Islamic finance has developed and grown side-by-side with conventional finance over the last four decades or so, but the impact of globalization on Islamic finance has received little attention. The crisis has highlighted the inherent flaws of fractional reserve bankin