Text

THIRTY YEAR OF ISLAMIC BANKING: HISTORY, PERFORMANCE AND PROSPECTS

---

From a very early stage in Islamic history, Muslims were able to establish a system without interest for mobilizing resources to finance productive activities and consumer needs. The system worked quite effectively during the heyday of Islamic civilization and for centuries thereafter. As recorded by Professor S. D. Goitein, partnership and profit-sharing rather than interest-based borrowing and lending formed the basis of commerce and industry in twelfth and thirteenth centuries in the Mediterranean region.1 However, as the centre of economic gravity shifted over the centuries to the Western world, Western financial institutions (including banks) became dominant and the Islamic tradition remained dormant. In recent years, however, there has been a significant revival of interest in developing a modern version of the historic Islamic financial system in the wake of Muslims’ desire to stay clear of interest.

---

Availability

10019905

332.091767 IQB t

RLC MM (Rak Buku Wajib)

Available

Detail Information

Series Title

-

Statement of Responsibility

Munawar Iqbal

Call Number

332.091767 IQB t

Publisher

New York : Palgrave Macmillan., 2005

Collation

xviii, 189 p. : ill ; 21cm

Language

English

ISBN/ISSN

1-4039-4325-7

Classification

332.091767

Content Type

-

Edition

-

Subject(s)

Buku Wajib
Finance
Islamic Banks

Specific Detail Info

-

Other version/related

File Attachment

Comments

---

You must be logged in to post a comment