A Comparative Study of Banking in the West and in Islam is popular PDF and ePub book, written by Cheikh Soumare in 2015-07-08, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, A Comparative Study of Banking in the West and in Islam can be Read Online from any device for your convenience.
A Comparative Study of Banking in the West and in Islam Book PDF Summary
A Comparative Study of Banking in the West and in Islam, by Cheikh Abdou Khadr Soumare, traces the history of European banking from the Middle Ages until today. Beginning with the ancient origins of the institution of banking itself, Soumare describes how two schools of banking emerged: Islamic and Western. The study demonstrates how the trade practices of the Islamic world influenced European banking at its inception, and how Islam and Christendom dealt differently with their mutual prohibition of usury, with the West gradually loosening the ban while Islam maintained it into the nineteenth century. Despite this apparent handicap, commerce flourished in the Islamic world, thanks to the invention of alternative commercial techniques such as the form of investment partnership known as mudaraba, characterized by small size and decentralized decision-makingits strengthbut also a weakness in competition with the massive volume of private investment Western deposit banks could generate. The author poses the idea that perhaps a transformed version of this ancient model could resolve the paradox and open contemporary Islamic commerce to almost unlimited growth.
Detail Book of A Comparative Study of Banking in the West and in Islam PDF
- Author : Cheikh Soumare
- Release : 08 July 2015
- Publisher : Xlibris Corporation
- ISBN : 9781503583573
- Genre : Business & Economics
- Total Page : 76 pages
- Language : English
- PDF File Size : 15,8 Mb
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