Islamic Business: Contemporary Issues and Economic Development
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Once confined to OIC member states, Islamic finance is now widely practiced in 75 countries worldwide. It's growing popularity among OIC as well as non-OIC economies is reflected in a growth rate at least double and up to four times (according to different estimates) that of conventional banking and finance.
Islamic Business: Contemporary Issues and Economic Development explore the loopholes in the current global financial and economic system. This book highlights the advantages of the Islamic system in averting disasters and the feasibility of adopting alternative exchange rate arrangements to promote greater trade integration and macroeconomic performance.
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