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ISLAMIC BANKING AND FINANCE IN THEORY AND PRACTICE: A ... Islamic banking and finance to take stock of the situation and plan for the future. Its focus is the current situation. It is not an historical account of the evolution of Islamic banking and finance in theory and practice. More attention is paid to Former Professor, Center for Research in Islamic Economics, King Abdulaziz University, Jeddah. Theory and Practice of Islamic Banking. - Assignment Point Islamic banking is restricted to Islamically acceptable transactions, which exclude those involving alcohol, pork, gambling, etc. The aim of this is to engage in only ethical investing, and moral purchasing. In theory, Islamic banking is an example of full-reserve banking, with banks achieving a 100% reserve ratio. Islamic Banking in Theory and Practice - iefpedia.com Islamic Banking in Theory and Practice Mervyn K Lewis Professor of Banking and Finance, School of Commerce, Division of Business, University of South Australia T. +61 8 8302 0536, mervyn.lewis@unisa.edu.au Islamic banks have expanded rapidly since the mid 1970s and there are now 400 such financial institutions world-wide.
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