A Comparative Study of Banking in the West and in Islam - Couverture souple

Soumare, Cheikh

 
9781503583580: A Comparative Study of Banking in the West and in Islam
Couverture souple
ISBN 10 : 1503583589 ISBN 13 : 9781503583580
Editeur : Xlibris, 2015

Synopsis

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 decisionmaking-its strength-but 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.

Les informations fournies dans la section « Synopsis » peuvent faire référence à une autre édition de ce titre.

Présentation de l'éditeur

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 decisionmaking-its strength-but 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.

Biographie de l'auteur

CHEIKH ABDOU KHADR SOUMARE is originally from Senegal, West Africa, and has undergraduate degrees in business and French, as well as a master's degree in education and a Ph.D in Psychology. Now a high school teacher, Mr. Soumare previously worked for the Islamic Bank in Switzerland. The author has written articles about understanding Islam, Ramadan, and motivating lowachieving students. Mr. Soumare is married with two children, and his hobbies include reading, fishing, listening to music, and traveling.

Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.

Éditeur
Xlibris
Date d'édition
2015
Langue
anglais
ISBN 10 
1503583589
ISBN 13 
9781503583580
Reliure
Broché
Nombre de pages
76
Coordonnées du fabricant
non disponible
Personne responsable
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Autres éditions populaires du même titre

9781503583566: A Comparative Study of Banking in the West and in Islam

Edition présentée

ISBN 10 :  1503583562 ISBN 13 :  9781503583566
Editeur : Xlibris, 2015
Couverture rigide