Islamic Finance, Law, Economics and Practice.(Book review)
|
|
Islamic Finance, Law, Economics and Practice, by Mohammad A. El-Gamal. Cambridge, UK and New York: Cambridge University Press, 2006. xiii + 191 pages. Notes to p. 212. Bibl. to p. 218. Index to p. 221. $60. It is heroic to try to present an Islamic model of finance, but there is no such model in this book or in reality. At best here is a survey of the various approaches to finance by the different schools that consider themselves Islamic. These schools try to base their models of finance on the Shari’a (Islamic Law), or on fatwas (edicts by religious leaders). They all take liberty in interpreting the… |