£40.51

Cambridge University Press Islamic Finance: Law, Economics, and Practice

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£41 today · all-time low £39 (Jun 2025) · usually the usual

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Last 578 days • 578 data points (No recent data available)

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£90.00 £33.90 £46.14 £58.38 £70.62 £82.86 £95.10 09 June 2024 31 October 2024 24 March 2025 15 August 2025 07 January 2026

Price Distribution

Price distribution over 578 days • 7 price levels

Days at Price
Current Price
21 days 249 days · current 143 days 5 days 121 days 23 days 16 days 0 62 125 187 249 £39 £41 £44 £48 £56 £60 £90 Days at Price

Price Analysis

Most common price: £41 (249 days, 43.1%)

Price range: £39 - £90

Price levels: 7 different prices over 578 days

Description

This book provides an overview of the practice of Islamic finance and the historical roots that define its modes of operation. The focus of the book is analytical and forward-looking. It shows that Islamic finance exists mainly as a form of rent-seeking legal-arbitrage. In every aspect of finance - from personal loans to investment banking, and from market structure to corporate governance - Islamic finance aims to replicate in Islamic forms the substantive functions of contemporary financial instruments, markets, and institutions. By attempting to replicate the substance of contemporary financial practice using pre-modern contract forms, Islamic finance has arguably failed to serve the objectives of Islamic law. This book proposes refocusing Islamic finance on substance rather than form. This approach would entail abandoning the paradigm of 'Islamization' of every financial practice. It would also entail reorienting the brand-name of Islamic finance to emphasize issues of community banking, micro-finance, and socially responsible investment.

Product Specifications

Format
hardcover
Domain
Amazon UK
Release Date
03 July 2006
Listed Since
31 January 2007

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