Here financial result stands : Islamic bank gets as profit Tk. = 1°^Qq5- = 50/- only
and Mr. Kamal gets Tk. 50/00 only. 2) Interest Based Transaction Again suppose
one modem bank or non-Islamic bank lends Tk. 500/- to Mr. Kamal ...
The law relating to banking practice in Islamic countries is a subject that is of continuing importance. For example, the Koran prohibits the charging of interest and banks frequently have to resort to complex legal arrangements to conduct their business. The central role Islam plays in the politics and economy of a number of financial centres means that the problems are very far from being academic. It was originally written for the Central Bank of Iran and is now to be made available in English.
The credit resources were mostly squandered on the import of foreign goods and
services, promoting consumerism and economic dependence which were
landmarks of the economy of those days. Progress of changes in the banking
system ...
A thorough analysis of insider trading requires the integration of law & finance, & this book presents a theoretical & empirical examination of insider trading by incorporating a synthesis of securities law with that of financial theory. The book begins with a conceptual framework that explores the theoretical roles of markets, firms & publicly held corporations, including a discussion of corporate governance to determine both who may have access to nonpublic information, & their legal rights & responsibilities. The book then examines different aspects of the securities laws, including the Securities Act of 1933, the Securities Exchange Act of 1934, & a critique of the SEC disclosure rules & their ramifications for market efficiency. This is followed by a detailed chronology of insider trading regulations enacted in the U.S. since 1934 & an overview of the existing empirical literature on insider trading. Empirical evidence is presented on insider trading activities & the merit of anti-insider trading laws is evaluated on theoretical arguments & recent empirical developments. The authors conclude by arguing that insider trading laws & enforcement activities have failed & propose the decriminalization of insider trading.
the subject of this discussion is the opportunity made available to help unveil
certain aspects worthy of note and concem in the field of banking current in the
era of the prosperity of Islamic civilisation which lit the skies of the lslamic
countries for ...
Table 3 Progress in the Establishment of Islamic Banks Year 1977 1978 1979
1984 Number of Islamic Banks established during the year 1985 Source: 1
Names of Islamic Banks Nasser Social Bank, Cairo. Philippine Amanah Bank.
Islamic ...
