Banking Without Interest By Mohammad Nejatullah Siddiqi

Banking Without Interest By Mohammad Nejatullah Siddiqi

ISBN: 9780860371205
Author: Mohammad Nejatullah Siddiqi
Binding: Softcover
Pages: 192
Size: 5.8 x 8.3 inches
Description
About This Book:

Mohammad Nejatullah Siddiqi's "Banking Without Interest" is a breakthrough investigation of Islamic finance, providing a thorough and incisive viewpoint on the principles and practices of banking in conformity with Islamic economic ethics. Siddiqi's work extends beyond standard banking models, providing a new system based on justice, equity, and ethical financial practices.

Islamic Finance Foundations

The book begins by setting the groundwork for Islamic finance, walking readers through the ideas that set this system apart from traditional banking. Siddiqi's investigation includes comments on Sharia compliance, risk-sharing, and the prohibition of usury, offering a solid knowledge of Islamic banking's ethical foundations.

Equity and Justice in Financial Transactions

"Banking Without Interest" dives into the justice and equality concepts that underpin Islamic financial operations. Siddiqi investigates the concept of profit and loss sharing, emphasizing a system that promotes equitable income allocation and discourages exploitative practices.

Social Responsibility and Ethical Investing

Siddiqi discusses the ethical implications of Islamic finance, emphasizing the significance of ethical investing and social responsibility. Readers will learn how Islamic banking encourages investments that benefit society by linking financial aims with broader ethical issues.

Ethical Banking's Future

Looking ahead, the book considers the promise and problems of ethical banking. Mohammad Nejatullah Siddiqi proposes a vision of a financial system that goes beyond interest-based models, supporting economic stability, social justice, and ethical behavior in the financial sphere.