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Alternative visions of international monetary reform

In: Islamic Banking and Finance

Author

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  • M. Umer Chapra

Abstract

Islamic Banking and Finance discusses Islamic financial theory and practice, and focuses on the opportunities offered by Islamic finance as an alternative method of financial intermediation. Key features of profit-sharing (as opposed to debt-based) contracts are highlighted, and the ways in which they can facilitate improved efficiency and stability of a financial system are explored.

Suggested Citation

  • M. Umer Chapra, 2002. "Alternative visions of international monetary reform," Chapters, in: Munawar Iqbal & David T. Llewellyn (ed.), Islamic Banking and Finance, chapter 11, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:2499_11
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    Cited by:

    1. Muhammad Nouman & Karim Ullah, 2014. "Constraints in the Application of Partnerships in Islamic Banks: The Present Contributions and Future Directions," Business & Economic Review, Institute of Management Sciences, Peshawar, Pakistan, vol. 6(2), pages 47-62, October.
    2. ., 2014. "The case against interest: is it compelling?," Chapters, in: Morality and Justice in Islamic Economics and Finance, chapter 5, pages 137-162, Edward Elgar Publishing.
    3. ., 2014. "Challenges facing the Islamic financial industry," Chapters, in: Morality and Justice in Islamic Economics and Finance, chapter 7, pages 193-238, Edward Elgar Publishing.
    4. Miah, Mohammad Dulal & Kabir, Md. Nurul & Safiullah, Md, 2020. "Switching costs in Islamic banking: The impact on market power and financial stability," Journal of Behavioral and Experimental Finance, Elsevier, vol. 28(C).

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    Keywords

    Economics and Finance;

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