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Islamic Banking

Author

Listed:
  • Mervyn K. Lewis
  • Latifa M. Algaoud

Abstract

The prohibition of interest is the feature of Islamic banking which most distinctly sets it apart from conventional banking. To Western eyes, this seems a strange restriction, but Christian countries themselves maintained such a ban for 1,400 years. Islamic Banking asks why Islam has been able to maintain its stand. The book explores the intricacies of Islamic law and the religious and ethical principles underpinning Islamic banking. It then considers the analytical basis of Islamic banking and financing in the light of modern theories of financial intermediation, and identifies the conceptual issues to be overcome.

Individual chapters are listed in the "Chapters" tab

Suggested Citation

  • Mervyn K. Lewis & Latifa M. Algaoud, 2001. "Islamic Banking," Books, Edward Elgar Publishing, number 1488.
    • Handle: RePEc:elg:eebook:1488
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    Citations

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    Cited by:

    1. Jusoh, Wan Noor Hazlina Wan & Ibrahim, Uzaimah, 2017. "Corporate Social Responsibility of Islamic Banks in Malaysia: Arising Issues," Islamic Economic Studies, The Islamic Research and Training Institute (IRTI), vol. 25, pages 155-172.
    2. Mervyn Lewis, 2010. "An Islamic Economic Perspective on the Global Financial Crisis," Chapters, in: Steven Kates (ed.), Macroeconomic Theory and its Failings, chapter 10, Edward Elgar Publishing.
    3. Gabriella Gimigliano, 2013. "Islamic banking in the European Union legal framework," Chapters, in: Valentino Cattelan (ed.), Islamic Finance in Europe, chapter 10, pages 143-156, Edward Elgar Publishing.
    4. Mervyn K. Lewis, 2014. "A theoretical perspective on Islamic banking and financial intermediation," Chapters, in: Mervyn K. Lewis & Mohamed Ariff & Shamsher Mohamad (ed.), Risk and Regulation of Islamic Banking, chapter 2, pages 11-42, Edward Elgar Publishing.
    5. Enno Masurel & Peter Nijkamp, 2009. "The Low Participation of Urban Migrant Entrepreneurs: Reasons and Perceptions of Weak Institutional Embeddedness," Advances in Spatial Science, in: Charlie Karlsson & Ake E. Andersson & Paul C. Cheshire & Roger R. Stough (ed.), New Directions in Regional Economic Development, chapter 0, pages 247-265, Springer.
    6. Mohamed Ariff & Mervyn K. Lewis, 2014. "Similarities and differences in Islamic and conventional banking," Chapters, in: Mervyn K. Lewis & Mohamed Ariff & Shamsher Mohamad (ed.), Risk and Regulation of Islamic Banking, chapter 4, pages 55-70, Edward Elgar Publishing.
    7. Wilson, Rodney, 2009. "The development of Islamic finance in the GCC," LSE Research Online Documents on Economics 55281, London School of Economics and Political Science, LSE Library.
    8. Volker Nienhaus, 2014. "Religion and development," Chapters, in: M. Kabir Hassan & Mervyn K. Lewis (ed.), Handbook on Islam and Economic Life, chapter 28, pages iii-iii, Edward Elgar Publishing.
    9. Chung-Hua Shen & Yuan Chang, 2012. "Corporate Social Responsibility, Financial Performance and Selection Bias: Evidence from Taiwan’s TWSE-listed Banks," Chapters, in: James R. Barth & Chen Lin & Clas Wihlborg (ed.), Research Handbook on International Banking and Governance, chapter 25, Edward Elgar Publishing.

    Book Chapters

    The following chapters of this book are listed in IDEAS

    More about this item

    Keywords

    Economics and Finance;

    JEL classification:

    • F5 - International Economics - - International Relations, National Security, and International Political Economy

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