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Islamic Finance in the Light of Modern Economic Theory (Paperback) (Suren Basov & Ishaq Bhatti)

Islamic Finance in the Light of Modern Economic Theory (Paperback) (Suren Basov & Ishaq Bhatti) - image 1 of 1

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This book providesresearchers and students with an understanding of the basic legal tenets of theIslamic finance industry, studying the real economic effects of those tenetsusing the tools of the modern economic theory. Split into four parts, the bookbegins with an introduction to the history and a legal framework for Islamicbanking, covering typical Islamic financial products such as Sukuk and Takafuland examining the structure of Islamic financial institutions. It then analyzesand discusses the Miller-Modigliani Theorem, which is of direct relevance toIslamic banks which are prohibited to charge interest and often have to rely ofprofit-loss sharing agreements. Part III of the book introduces the reader tomodern mechanism design theory, paying particular attention to optimalcontracting under hidden action and hidden information, and final part  ofthe book applies the tools of economic theory to understand performance ofIslamic financial institutions such as Islamic banks and Takaful operators.

Islamic Finance inLight of Modern Economic Theory brings together all the necessarytechnical tools for analyzing the economic effects of Islamic frameworks andcan be used as an advanced textbook for graduate students who wish tospecialize in the area, as a reference for researchers and as a tool to helpeconomists improve the design of Islamic financial institutions. 

Number of Pages: 256
Genre: Business + Money Management
Format: Paperback
Publisher: Palgrave Macmillan
Author: Suren Basov & Ishaq Bhatti
Language: English
Street Date: August 10, 2017
TCIN: 52239935
UPC: 9781349670840
Item Number (DPCI): 248-44-2347
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