A Review of the Book The Art of Islamic Banking and Finance

Q: How can I download an article?

To download an article from SID, first log in to the site, search for the article title, and click on the 'Download Article' option.

Q: How can I download an ISI article?

To download an ISI article on SID, enter the keyword or article title in the search bar, view the relevant results, click on the desired article, and select the 'Download Article' option.

Q: How can I access the SID database?

To access the SID database, visit SID.ir, create an account, and log in to access scientific resources.

Q: Is downloading articles from SID free?

Some articles on SID are available for free, while others require payment. Details are specified on the article's page.

Amiri Tehrani S.M.Reza

مرکز اطلاعات علمی Scientific Information Database (SID) - Trusted Source for Research and Academic Resources

Journal Paper

Paper Information

Journal: JOURNAL OF CRITICAL LITERATURE AND HUMANITIES Year:2021 | Volume:21 | Issue:4 Page(s): 3-24

Download Full-Text

Persian Verion

View:

358

Download:

Cites:

Information Journal Paper

Title

A Review of the Book The Art of Islamic Banking and Finance

Author(s)

Amiri Tehrani S.M.Reza | Issue Writer Certificate

Keywords

Islamic BankingQ1

Interest-freeQ1

Social ResponsibilityQ1

Commodity IndexationQ1

Mark to MarketQ1

Abstract

The Art of Islamic Banking and Finance narrates the author’ s (Yahia Abdul-Rahman) achievement in constituting an Interest-free bank in the U. S. A. As a matter of fact, he explores banking and finance laws and regularities in the U. S as well as the Islamic Banking system in the world. The remarkable difference between these two kinds of banking systems is that the former is based on the monetary market and the latter on the real economy. In the Islamic Banking system, the rent expense of a commodity to be financed is measured based on rules known as “ Commodity Indexation” and “ marking to market” . Moreover, in such a system, the interest rate of the ordinary banking system is substituted with the rent expense of a commodity. Thus, rent expenses are not fixed like interest rates. The prominent characteristic of an Islamic Banking system is not only its Interest-free feature but also its civility and Social Responsibility. The main pitfalls of the book include a lack of comprehensive discussion and a lack of reporting the Islamic Banking systems of other Muslim countries. Besides, no thorough analysis of banking system experiences has been done and has not paid attention to the critique of the Iranian banking system.

Cites

No record.

References

No record.

Cite

APA: Copy

Amiri Tehrani, S.M.Reza. (2021). A Review of the Book The Art of Islamic Banking and Finance. JOURNAL OF CRITICAL LITERATURE AND HUMANITIES, 21(4 ), 3-24. SID. https://sid.ir/paper/397395/en

Vancouver: Copy

Amiri Tehrani S.M.Reza. A Review of the Book The Art of Islamic Banking and Finance. JOURNAL OF CRITICAL LITERATURE AND HUMANITIES[Internet]. 2021;21(4 ):3-24. Available from: https://sid.ir/paper/397395/en

IEEE: Copy

S.M.Reza Amiri Tehrani, “A Review of the Book The Art of Islamic Banking and Finance,” JOURNAL OF CRITICAL LITERATURE AND HUMANITIES, vol. 21, no. 4 , pp. 3–24, 2021, [Online]. Available: https://sid.ir/paper/397395/en

Related Journal Papers

No record.

Related Seminar Papers

No record.

Related Plans

No record.

Recommended Workshops