||5 of 5 people found the following review helpful.| Suberb analysis and insights.|By twilight|Prof. Mahmoud is one of the few scholars who are well versed in Shari'a and economics. He provides a plausible account of the faults of the existing models of Islamic finance "IF", most of which comply with the letter but not the spirit of Islam. The term Shari'a arbitrage, which he coins, is simply is the practice of adding fees for m||"This book is by far one of the best that has been published on the topic of Islamic finance and banking." - Choice
"This is a timely book providing an analytical critique of contemporary Islamic Finance by a leading Muslim scholar.... an important
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...
[PDF.um79] Islamic Finance: Law, Economics, and Practice Rating: 4.81 (602 Votes)
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