Islamic Finance (International Library of Critical Writings in Economics)

Islamic finance refers to methods of undertaking banking and financial transactions that are in conformity with the precepts of Islam. As such, the system offers a challenge to conventional Western ways of thinking about financing. This indispensable set of papers brings together the most important previously published papers on the subject of Islamic Finance from the last four decades. The issues explored include: the prohibition on interest; financing instruments; accounting and regulatory issues; and institutional structures and recent developments.