Publisher's Synopsis
Islamic banking assumed significance when several Muslim countries including Iran, Sudan, and Pakistan put their financial systems on an Islamic footing.;"Profit and Loss Sharing" examines the origin of, and the institutional and ethical issues underlying, the Islamic banking movement and its adoption of financial instruments including PLS. The economic viability of financial reform is analysed and possible extension of PLS as an alternative and just tenure system is demonstrated.;The book is intended for professional economists, bankers, and other social scientists.
