Free-Interest Banking (Paperback) (ISBN-13: 9783330045613)

The book Free-Interest Banking: A Pathway to Ethical and Sustainable Finance explores the concept of banking systems that operate without charging interest, aligning with the principles of Islamic finance. It delves into the foundations of this alternative financial model, rooted in ethical and moral frameworks that promote fairness, justice, and risk-sharing between banks and clients. The book highlights how free-interest banking can foster sustainable economic growth, reduce financial inequalities, and contribute to environmental and social development.It offers insights into various Islamic financial instruments, such as profit-sharing (mudarabah) and cost-plus financing (murabaha), explaining their role in promoting economic inclusivity. Through case studies, practical examples, and analysis, the book illustrates how free-interest banking can be a viable pathway for creating an equitable financial system, supporting sustainable investments, and addressing the shortcomings of conventional banking practices that rely on interest-based lending.

Author: Ali K. Anami
ISBN-10: 3330045612
ISBN-13: 9783330045613
Publisher: LAP Lambert Academic Publishing
Language: English
Published: 11/28/2024
Pages: 68
Format: Paperback
Weight: 0.25lbs
Size: 9.00h x 6.00w x 0.16d