منابع مشابه
Islamic Finance
The notion of " Islamic finance " was born during the tumultuous identity-politics years of the mid-twentieth century. Indian, Pakistani, and Arab thinkers contemplated independence from Britain, and independence of Pakistan from India, within a context of " Islamic society. " Islam was assumed to inspire political, economic, and financial systems that are distinctive and independent of the Wes...
متن کاملPortfolio management with heavy-tailed distributions in Islamic Finance
In Islamic Finance (IF hereafter), the safety-first rule of investing (hifdh almal) is held to be of utmost importance. According to the honesty principle (amanah), the Islamic portfolio manager (mudharib) is committed to do his best to fulfill this investing rule. This involves the use of the most appropriate management tools. The use of the normal assumption in the financial modeling is growi...
متن کاملIslamic Shari'a Concepts governing Islamic Banking finance
Introduction It is submitted that accepting Islamic Banking within the western regulatory framework has encountered many impediments. A conventional bank is an institution that holds a banking license issued by banks' regulatory authorities which authorizes the chartered institution to conduct fundamental banking services such as receiving deposits, making loans, providing and saving account se...
متن کاملBitcoin and Islamic Finance
It is argued that a Bitcoin-style money-like informational commodity may constitute an effective instrument for the further development of Islamic Finance. The argument involves the following elements: (i) an application of circulation theory to Bitcoin with the objective to establish the implausibility of interest payment in connection with Bitcoin, (ii) viewing a Bitcoin-like system as a mone...
متن کاملThe Politics Behind Islamic Finance
In the wake of the September 11, 2001, terrorist attacks on the United States, the UN Security Council passed a resolution targeting transnational sources of terrorist funds. At least one offshore Islamic bank was shut down, and American officials, ignorant about Islamic finance, viewed any “Islamic” bank with heightened suspicion. The Bush Administration targeted Al-Baraka in particular, confu...
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ژورنال
عنوان ژورنال: Bogazici Journal
سال: 2016
ISSN: 1300-9583
DOI: 10.21773/boun.30.2.4