Overview for Encyclopaedia of Islamic Banking and Finance: New Perspectives on Profit Sharing
Islamic banking and financial system exists to provide a variety of religiously acceptable financial services to the Muslim communities. In addition to this special function, the banking and financial institutions, like all other aspects of Islamic society, are expected t 'contribute richly to the achievement of the major socio-economic goals of Islam'. The most important of these are economic well-being with full employment and a high rate of economic growth, socio-economic justice and an mobilization and investment of savings for economic development in such a way that a just (profit-sharing) return is ensured to all parties involved.
Masudul Choudhury (Author)
Masudul Choudhary (b. 1968) completed his B.A. (Eco.) Hons. From Barkat Ullah University Bhopal and M.A. (Eco.) from Aligarh Muslim University Aligarh, Till now he has authored a number of books and research papers on economics, Banking and Finance, his papers and articles have been published in many national and international journals by repute, presently he is associated with many Management and Finance Institutes as a visiting faculty.
Bagchee
