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Given the propensity of the world financial system to crisis, this book explores the radical alternative put forward by Islamic (and Western) theories of noninterest banking. The Islamic critique of interest and early experiments with noninterest banking are assessed against the conventional theories regarding banking, company finance and macroeconomic stability. Whilst the experience of Islamic banking has proved inconclusive thus far, the theoretical model provides a cogent alternative to a financial system made fragile by debt contracts.
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This product may contain chemicals known to the State of California to cause cancer,
birth defects, or other reproductive harm.
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