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New Issues in Islamic Finance and Economics: Progress and Challenges

New Issues in Islamic Finance and Economics: Progress and Challenges

Hossein Askari, Zamir Iqbal, Abbas Mirakhor

ISBN: 978-1-119-20769-6

Sep 2015

398 pages

Description

New Issues in Islamic Finance & Economics: Progress and Challenges provides a review of the main issues and challenges facing Islamic finance. The application of Islamic finance is currently limited to banking. This book starts with an overview of the factors and motives behind the development of Islamic finance. A critical review of issues facing the industry is provided followed by a detailed analysis of areas where further attention is required. The book offers some original thinking on issues pertaining to governance, institutions, public finance and economic development within an Islamic financial system.
Glossary of Arabic Terms ix

Acknowledgement xxi

1 Development and Progress of Islamic Finance 1

2 Issues and Challenges 47

3 Islamic Finance and Globalization: Convergence and a

Boost for Rapid Growth? 75

4 Globalization and Its Implications for Muslim Countries 111

5 Expanding Financial Frontiers 129

6 Reputational Risk for the Islamic Financial Industry 149

7 Design of Benchmark for Asset Pricing 179

8 Qard-ul-Hassan-based Microfinance 197

9 Developing the Theoretical Foundations of Economics in Islam 211

10 Islam and Economic Development 243

11 Taxation and Public Expenditures in Islam 263

12 Scope of Social Safety Net in Islam: A Case Study 293

References 327

Index 363