Islamic Finance: New Trends in Law and Regulation (Contributions to Management Science)

Islamic Finance: New Trends in Law and Regulation (Contributions to Management Science)
by: Nadia Mansour (Editor),Lorenzo Bujosa(Editor)
Publisher: Springer
Edition: 2024th
Publication Date: 10 April 2024
Language: English
Print Length: 838 pages
ISBN-10: 3031487699
ISBN-13: 9783031487699
Book Description
This volume discusses the new trends in law and regulation in Islamic finance. Islamic finance is a particular component of the global financial system and is very different from secular finance. To understand the development of Islamic finance, it is important to place it in the context of financial globalization. Islamic finance is a new force in the contemporary world financial system and is present in more than a hundred countries. The current generation of Muslim economic power is crowding into the world’s financial currents with trillions in liquidity and is growing at a high rate of 10-15% per year. Islamic finance is coming into focus and is not confined to Islamic countries but is present in every larger Muslim community, which means that it cannot be isolated from the effects of financial globalization. This edited volume discusses the effects of global financial transactions in Islamic finance and how it impacts its law and regulation.