Money in Islam

Money in Islamtakes a unique and challenging look at how money has operated in Islamic society and at how Islamic theoretical framework have influenced perceptions of money. The author draws upon historical, data and policy analysis to present a comparative study of monetary theories, including recent treatment of money by Islamic economists. Discussion covers the nature of joint venture, stock markets, banks and financial intermediaries, price stability, and international trade. At a time when various theories of money are contending against each other for a better understanding of the relationship between money and global economic activity, this work sheds pioneering light in this area, and will be of interest to academics, graduates and researchers internationally.