Islamic Banking and Finance in South east Asia its development and future by Angelo pdf

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Islamic Banking and Finance in South east Asia its development and future by Angelo M Venardos pdf

Islamic Banking and Finance in South east Asia its development and future by Angelo M Venardos pdf free download. The title Islamic Banking and Finance in South east Asia modestly understates the achievements of this scholarly yet reader-friendly work. In fact the author, himself a non-Muslim, examines Islamic History, Jurisprudence, Commercial Law, Financing, Issues and Challenges of Sharia’ah Jurisprudence, the challenges to Accounting and Regulatory methodologies and the Impact of English-based Law on Islamic financial beliefs and practices.

Islamic Banking and Finance in South east Asia its development and future by Angelo M Venardos pdf

Yet he achieves immensely more that is both timely and invaluable. Being a Muslim myself, I have long welcomed for such work, particularly issues touching on Muslim community’s sensitivity in business and finance for it to be shared with the rest of the world. We believe that Islam is a religion which is complete in every aspect of life, both in present and hereafter. Since over one thousand and four hundred years, Islam has laid the foundation for a global system of financial administration which encompasses all economic aspects. Discussions relating to Islamic finance invariably draw comparisons between “Islamic” and “conventional” financial practices.

Islamic Banking and Finance in South east Asia its development and future by Angelo M Venardos pdf

There is a comfortable sound to “conventional” and a slight pejorative ring to “unconventional”. Yet the OED defines “conventional”
as “accepting social conventions; in accordance with accepted (artificial) standards or models; orthodox; lacking originality, spontaneity or realism” and “unconventional” as ” diverging from accepted standards or models”. This can be expressed more simply, it has become “conventional” to be greedy.

Islamic Banking and Finance in South east Asia its development and future by Angelo M Venardos pdf

What if we could eradicate greed? How much stupidity and criminality could be forestalled? How much further would we progress towards good governance? How much better off would we all be? And isn’t it interesting that for centuries English-based law has needed access to the law of equity to correct the wrongs otherwise wrought by the common law? Islamic financial methodologies spring from an aversion from greed, and embrace concepts of sharing both profit and loss, of mutual support, the restriction of risk and of reasonable reward. And because no Muslim should be penalized for his or her way of life and beliefs, there is a need for Islamic solutions that are competitive with (acceptable) “conventional” products. The author very readably does a fine job of leading us to a better understanding of Islamic thought that treasures what might be cynically dismissed by the uninitiated as “the old standards”. Dr. Venardos has worked hard and has produced a gem.

Islamic Banking and Finance in South east Asia its development and future by Angelo M Venardos pdf

Islamic Banking and Finance in South east Asia its development and future by Angelo M Venardos pdf


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