Islamic monetary economics : finance and banking in contemporary Muslim economies /
edited by Taha Eğri and Zeyneb Hafsa Orhan.
- 1 online resource (xvii, 238 pages) : illustrations.
- Islamic business and finance series .
"The existence of fiat currencies has long been cited as one of the major contributing factors to the challenges facing contemporary economies, and the current monetary system is not only a key source of exorable increases in interest rates but also a principal cause of inflation and decline in the value of money, in many countries. The editors argue that an Islamic monetary system, with its specific money concepts, interest free financial institutions and a monetary policy embedded in real growth, provides a solution to this conundrum. Contributions from many world-renowned experts consider a wide array of topics, ranging from the theoretical concepts of money and banking in conventional and Islamic economics to the historical journey of money from precious metals to plastic money and digital currency today. The book outlines the problems that sprout from interest based banking and multiple debt structures. It then mirrors the Islamic concepts of money as well as idiosyncrasies of its monetary policy. Supported with meticulous research and empirical evidence, the book demonstrates the efficacy of Islamic monetary system in delivering real growth along with equitable distribution of wealth and prosperity the economy. It additionally acquaints the readers with juristic debates about money and monetary policy. This is essential reading for both students and researchers in Islamic economics, banking and finance, expertly promoting a fair and just economic system that emerges as a result of interest free banking and monetary policy based on Islamic principles"--
9781003025191 1003025196 9781000289992 1000289990 9781000289985 1000289982 9781000289978 1000289974
Finance--Islamic countries.
Finance--Religious aspects--Islam.
Banks and banking--Islamic countries.
Banks and banking--Religious aspects--Islam.
Monetary policy--Islamic countries.
BUSINESS & ECONOMICS / International / Economics
BUSINESS & ECONOMICS / Finance
HG187.4 / .I83656 2021
332.0917/67
"The existence of fiat currencies has long been cited as one of the major contributing factors to the challenges facing contemporary economies, and the current monetary system is not only a key source of exorable increases in interest rates but also a principal cause of inflation and decline in the value of money, in many countries. The editors argue that an Islamic monetary system, with its specific money concepts, interest free financial institutions and a monetary policy embedded in real growth, provides a solution to this conundrum. Contributions from many world-renowned experts consider a wide array of topics, ranging from the theoretical concepts of money and banking in conventional and Islamic economics to the historical journey of money from precious metals to plastic money and digital currency today. The book outlines the problems that sprout from interest based banking and multiple debt structures. It then mirrors the Islamic concepts of money as well as idiosyncrasies of its monetary policy. Supported with meticulous research and empirical evidence, the book demonstrates the efficacy of Islamic monetary system in delivering real growth along with equitable distribution of wealth and prosperity the economy. It additionally acquaints the readers with juristic debates about money and monetary policy. This is essential reading for both students and researchers in Islamic economics, banking and finance, expertly promoting a fair and just economic system that emerges as a result of interest free banking and monetary policy based on Islamic principles"--
9781003025191 1003025196 9781000289992 1000289990 9781000289985 1000289982 9781000289978 1000289974
Finance--Islamic countries.
Finance--Religious aspects--Islam.
Banks and banking--Islamic countries.
Banks and banking--Religious aspects--Islam.
Monetary policy--Islamic countries.
BUSINESS & ECONOMICS / International / Economics
BUSINESS & ECONOMICS / Finance
HG187.4 / .I83656 2021
332.0917/67