Islamic Finance: The New Global Player

Islamic Finance: The New Global Player

Islamic finance is booming. More financial services are being provided in accordance with Islamic law, or sharia. Sharia-compliant finance is not limited to Muslim markets. Innovative and rapid product development has been a key enabler of the sector's growth. The sharia requirement that all pa...

Ausführliche Beschreibung

Gespeichert in:
Bibliographische Detailangaben
Veröffentlicht in:Harvard business review 2008-02, Vol.86 (2), p.43
Hauptverfasser: Rehman, Aamir A, S Nazim Ali
Format: Magazinearticle
Sprache:eng
Schlagworte:
Financial services
International
Islamic law
Regulation of financial institutions
Online-Zugang:Volltext
Tags: Tag hinzufügen
Keine Tags, Fügen Sie den ersten Tag hinzu!
Beschreibung
Zusammenfassung:Islamic finance is booming. More financial services are being provided in accordance with Islamic law, or sharia. Sharia-compliant finance is not limited to Muslim markets. Innovative and rapid product development has been a key enabler of the sector's growth. The sharia requirement that all parties to a contract must disclose both risks and rewards could have prevented companies from engaging in the kind of financial engineering that led to the subprime lending crisis.
ISSN:0017-8012