Arab Islamic Banking and the Renewal of Islamic Law /

Over the last several decades the Islamic religious movement has steadily gained importance in the Muslim world, manifesting the desire to modify existing institutions so that they conform to the values of traditional Islamic culture. This new book examines the application of such values to modern f...

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Main Author: Ray, Nicholas Dylan (Author)

Format: eBook

Language: English

Published: Leiden ; Boston : Brill, 1995.

Series: Arab and Islamic Laws Series ; 13.
Middle East and Islamic Studies - Book Archive pre-2000.

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Call Number: HG3366.A6

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100 1 |a Ray, Nicholas Dylan,  |e author. 
245 1 0 |a Arab Islamic Banking and the Renewal of Islamic Law /  |c Nicholas Dylan Ray. 
264 1 |a Leiden ;  |a Boston :  |b Brill,  |c 1995. 
264 4 |c ©1995 
300 |a 1 online resource (192 pages) :  |b illustrations. 
336 |a text  |b txt  |2 rdacontent 
337 |a computer  |b c  |2 rdamedia 
338 |a online resource  |2 rdacarrier 
490 1 |a Arab and Islamic Laws Series ;  |v 13 
490 1 |a Middle East and Islamic Studies - Book Archive pre-2000 
504 |a Includes bibliographical references and index. 
505 0 |t Front Matter -- Preliminary Material /  |r Nicholas Dylan Ray -- Acknowledgments /  |r Nicholas Dylan Ray -- Note on Transliteration of Arabic Words /  |r Nicholas Dylan Ray -- Chapter I Introduction /  |r Nicholas Dylan Ray -- Chapter II Modes of Finance in Arab Islamic Banks /  |r Nicholas Dylan Ray -- Chapter III Case Study of Faisal Islamic Bank of Egypt /  |r Nicholas Dylan Ray -- Chapter IV Aggregate Balance Sheet and Growth Rate of Islamic Banking /  |r Nicholas Dylan Ray -- Chapter V Concluding Remarks /  |r Nicholas Dylan Ray -- Back Matter -- Appendix I Translations of Selected Fatwas /  |r Nicholas Dylan Ray -- Bibliography /  |r Nicholas Dylan Ray -- Index /  |r Nicholas Dylan Ray. 
520 |a Over the last several decades the Islamic religious movement has steadily gained importance in the Muslim world, manifesting the desire to modify existing institutions so that they conform to the values of traditional Islamic culture. This new book examines the application of such values to modern finance: Islamic banking. It also attempts to address the surprising lack of familiarity with Islamic banking among Western bankers and lawyers. The Author provides a thorough overview of Islamic banking, its devlopmenty, participants, structure, and aims, goes on to study the Islamic legal contracts undelying it, and finally, by way of a cae study of the Faisal Islamic Bank of Egypt, assesses the financial viability of Islamic banks. He asserts that Arab Islamic banking is a financial system fundamentally different from the system currently dominant throughout the world, and further, is a viable financial phenomenon. The establishment of Islamic banking, which can be seen as a bold new development model for the Muslim world, has necessitated immense intellectual and financial commitments, as well as an empirical approach emphasizing teh adaptation of both modern finance and medieval Islamic law. The text is supplemeted by translations of selected fatwas, and also includes financial information on a large number of Islamic banks. 
546 |a English 
588 |a Description based on print version record. 
650 0 |a Banking law (Islamic law) 
650 0 |a Banks and banking  |x Religious aspects  |x Islam. 
650 0 |a Banks and banking  |z Arab countries. 
776 0 8 |i Print version:  |t Arab Islamic Banking and the Renewal of Islamic Law.  |d Leiden ; Boston : Brill, 1995.  |z 9781859661048  |w (DLC) 95009842 
830 0 |a Arab and Islamic Laws Series ;  |v 13. 
830 0 |a Middle East and Islamic Studies - Book Archive pre-2000. 
856 4 |z DOI:   |u http://dx.doi.org/10.1163/9789004634893 
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