|
transcends cultures, is however, more than a mere discussion
of the core tenets of Islamic banking. The book examines
the underlying principles of Islamic banking, suggesting
that the value proposition is identifiable by retail
consumers of all faiths, before going on to suggest
various strategies Islamic banks need to adopt to be
successful in the long term.
DiVanna briefly touches upon the history of Islamic
banking and shows how the basic concept of interest-free
economics was similar to the principle that guided Christian
economies in the middle ages. He defines Islamic banking
and finance as the activities, transactions and interactions
initiated by financial institutions whose intentions,
goals, objectives and operations are based on principles
prescribed by the |
