The
spread of Islamic banking in the Muslim world was
never in doubt. What has surprised many has been the
reversal of views of Western bankers.
More
and more Western bankers, especially in Europe,
are not only acknowledging the viability of Islamic
banking but also its considerable potential.
Featuring
a Chapter by Eddie George, Governor of the Bank of
England, this book contains the views of executives
of some of the leading European banks, law and accountancy
firms, as well as scholars and writers in the field:
"...London
has emerged as a leading centre of Islamic Banking"
Eddy George, Governor, Bank of England.
"It
might be fair to say that Islamic banking is no
longer an experiment"
Michael Ainley, Senior Manager, Bank
of England.
"The
positive trends in Islamic banking are much stronger
than the problems"
Robin T Fox, Vice Chairman, Kleinwort
Benson Group.
"The
development of an Islamic Capital market, where
long-term risks are exchanged for liquidity, is
an extremely important requisite for co-operation
between conventional and Islamic banks"
Dr Eric Hirsch, Bayerische Variensbank.
"It
is clear that Islamic banking is no mere passing
phenomenon... The substitutions of equity for debt
finance is advocated by many development agencies"
Dr Rodney Wilson, University of Durham.
|
HB,
1996
pages 136
Price £25 |
