Islamic Banking and Finance in South-East Asia: Developments and Future.9812561528
Islamic banking Islamic banking refers to a system of banking or banking activity that is consistent with Islamic law (Sharia) principles and guided by Islamic economics. & finance in South-east Asia South-East Asia n → le Sud-Est asiatique
South-East Asia south n → Südostasien nt
South-East Asia n → ; developments & future.
Venardos, Angelo M.
A banker with a background in economics and jurisprudence jurisprudence (jr'ĭsprd`əns), study of the nature and the origin and development of law. , Venardos explains that by outlawing interest, Islam fosters an economy based on risk sharing, fair dealing, and equity. He explains the practices, their basis in shari'a, and their place in the history of Islam in general and in southeastern Asia in particular. Then he profiles current Islamic banking in Malaysia The earliest form of Islamic banking in Malaysia may be traced back to September 1963 when Perbadanan Wang Simpanan Bakal-Bakal Haji (PWSBH) was set up. PWSBH was set up as an institution for Muslims to save for their Hajj (pilgrimage to Mecca) expenses. , Indonesia, Labuan, Brunei, and Singapore. He writes for people doing business in the region, and for those interested in adopting Islamic banking principles.
([c]20062005 Book News, Inc., Portland, OR)