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Riba-free models of money, banking, ...

Karim, Shafiel A.

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Riba-free models of money, banking, and insurance components of the Islamic moral economy.

Record Type:	Language materials, printed : Monograph/item
Title/Author:	Riba-free models of money, banking, and insurance components of the Islamic moral economy./
Author:	Karim, Shafiel A.
Description:	197 p.
Notes:	Source: Masters Abstracts International, Volume: 49-01, page: 0110.
Contained By:	Masters Abstracts International49-01.
Subject:	Religion, General. -
Online resource:	http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=1486317
ISBN:	9781124242514

Riba-free models of money, banking, and insurance components of the Islamic moral economy.
Karim, Shafiel A.

Riba-free models of money, banking, and insurance components of the Islamic moral economy. - 197 p.

Source: Masters Abstracts International, Volume: 49-01, page: 0110.

Thesis (M.A.)--California State University, Long Beach, 2010.

The Islamic Moral Economy is a utopian economic, social and political idea where all forms of riba are absent; in a contemporary context, this includes the elimination of all financial interest and usury, utilization of full-reserve banking models, an asset-based money using a commodity that has historical inelastic demand as the numeraire, and quasi-socialist elements of mutual cooperation. Modern Islamic economics is rooted in the concept of profit-and-loss sharing where both transacting parties share in the potential profits and losses.

ISBN: 9781124242514Subjects--Topical Terms:

1017453
Religion, General.

Riba-free models of money, banking, and insurance components of the Islamic moral economy.
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008 130515s2010 ||||||||||||||||| ||eng d
020 $a 9781124242514
035 $a (UMI)AAI1486317
035 $a AAI1486317
040 $a UMI $c UMI
100 1 $a Karim, Shafiel A. $3 1682636
245 1 0 $a Riba-free models of money, banking, and insurance components of the Islamic moral economy.
300 $a 197 p.
500 $a Source: Masters Abstracts International, Volume: 49-01, page: 0110.
500 $a Adviser: Sophia Pandya.
502 $a Thesis (M.A.)--California State University, Long Beach, 2010.
520 $a The Islamic Moral Economy is a utopian economic, social and political idea where all forms of riba are absent; in a contemporary context, this includes the elimination of all financial interest and usury, utilization of full-reserve banking models, an asset-based money using a commodity that has historical inelastic demand as the numeraire, and quasi-socialist elements of mutual cooperation. Modern Islamic economics is rooted in the concept of profit-and-loss sharing where both transacting parties share in the potential profits and losses.
520 $a This study examines the most popular Islamic banking, finance and insurance products in use today. Moreover, this study attempts to determine the permissibility or lack thereof from an Islamic doctrinal perspective within the framework of a riba-free society that imbues Islamic morals and ethics. Although financial interest is the single most notable problem with conventional economics from an Islamic vantage, this study determines that the ubiquitous fractional reserve banking model and fiat currency are equally problematic for Islamic banks and the establishment of a greater Islamic Moral Economy.
590 $a School code: 6080.
650 4 $a Religion, General. $3 1017453
650 4 $a Economics, Finance. $3 626650
650 4 $a Islamic Studies. $3 1669733
690 $a 0318
690 $a 0508
690 $a 0512
710 2 $a California State University, Long Beach. $3 1017843
773 0 $t Masters Abstracts International $g 49-01.
790 1 0 $a Pandya, Sophia, $e advisor
790 $a 6080
791 $a M.A.
792 $a 2010
856 4 0 $u http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=1486317