Islamic Banking and Finance: Future of the Financial World Order (Paperback) (ISBN-13: 9783848408290)

Future belongs to Islamic Banking and Finance (IBF), if one is ready to take a cue from the subprime crisis, Lehman brothers and many other giants vanishing from the financial landscape, global economic melt-down, impending double-dip recession, trillions of dollars belonging to 99% common men pumped (in the name of bailouts) by governments into the coffers of behemoth corporations (1%), and subsequent Occupy Wall Street movement. The question is, does IBF provide a better solution? IBF has already proven to be a formidable claimant to be the future of banking and finance, with 400% growth booked during last 7 years, amid severest of recessionary pressures. IBF promises to internalize ethics into business, remove the gamble of greed leading to ever-rising debt burden, and gift the inhabitants of this earth a financial world order founded on real assets and rock-solid humanitarian values of fairness & distributive justice. By replacing interest with shared risk & profit, delivering real output, not worthless paper, IBF nurtures a system that delivers public good, not ravenous self-indulgence. Are they keeping the promises? Is IBF ephemeral? How can it become sustainable? Read on ...

Author: Shakeel Ahamad,H. K. Pradhan
ISBN-10: 3848408295
ISBN-13: 9783848408290
Publisher: LAP Lambert Academic Publishing
Language: English
Published: 03/05/2012
Pages: 140
Format: Paperback
Weight: 0.47lbs
Size: 9.00h x 6.00w x 0.33d