The rightful way of banking / Omar Masood and Shahid M. K. Ghauri.

Format:

Book

Author/Creator:

Masood, Omar, author.

Ghauri, Shahid M. K., author.

Language:

English

Subjects (All):

Banks and banking--Religious aspects--Islam.

Banks and banking.

Physical Description:

1 online resource (237 pages)

Edition:

1st ed.

Place of Publication:

Newcastle upon Tyne, England : Cambridge Scholars Publishing, 2015.

Language Note:

English

Summary:

It has taken over five centuries for banking to evolve to its present state, and the concept of ""interest"" is undoubtedly the life-blood of the whole financial system. Interest was religiously prohibitive for centuries in several faiths, such as Buddhism and Hinduism, Judaism, Christianity and, Islam, and was also strongly opposed by neo-classical economists in the 1930's. Interest (riba) is still outlawed in Islam, with the term ""riba-eater"" being one of the cruelest insults. Islamic scholars have explained that the current practice of contracts without interest is a result of following t

Contents:

""CONTENTS""; ""ABOUT THE AUTHORS""; ""PREFACE""; ""LIST OF ABBREVIATIONS""; ""GLOSSARY""; ""CHAPTER ONE""; ""CHAPTER TWO""; ""CHAPTER THREE""; ""CHAPTER FOUR""; ""CHAPTER FIVE""; ""CHAPTER SIX""; ""REFERENCES""; ""INDEX""

Notes:

Description based upon print version of record.

Includes bibliographical references and index.

Description based on online resource; title from PDF title page (ebrary, viewed February 18, 2015).

ISBN:

1-4438-7524-4

OCLC:

903318522