书目名称 | Islamic Finance in the Light of Modern Economic Theory |
编辑 | Suren Basov,M. Ishaq Bhatti |
视频video | http://file.papertrans.cn/476/475643/475643.mp4 |
概述 | Uses modern economic theory to shed light on the evolution of Islamic financial institutions and their effect on the contemporary economic performance of Muslim countries and diasporas.Includes an int |
图书封面 |  |
描述 | .This book provides researchers and students with an understanding of the basic legal tenets of the Islamic finance industry, studying the real economic effects of those tenets using the tools of the modern economic theory. Split into four parts, the book begins with an introduction to the history and a legal framework for Islamic banking, covering typical Islamic financial products such as Sukuk and Takaful and examining the structure of Islamic financial institutions. It then analyzes and discusses the Miller-Modigliani Theorem, which is of direct relevance to Islamic banks which are prohibited to charge interest and often have to rely of profit-loss sharing agreements. Part III of the book introduces the reader to modern mechanism design theory, paying particular attention to optimal contracting under hidden action and hidden information, and final part of the book applies the tools of economic theory to understand performance of Islamic financial institutions such as Islamic banks and Takaful operators...Islamic Finance in Light of Modern Economic Theory. brings together all the necessary technical tools for analyzing the economic effects of Islamic frameworks and can be used |
出版日期 | Book 2016 |
关键词 | Miller-Modigliani Theorem; Normal form game; Nash equilibrium; Mechanism design; Profit-loss sharing (PL |
版次 | 1 |
doi | https://doi.org/10.1057/978-1-137-28662-8 |
isbn_ebook | 978-1-137-28662-8 |
copyright | The Editor(s) (if applicable) and The Author(s) 2016 |