Citing injustice and financial crises as two of the most serious problems facing mankind today, Chapra aims to answer the question: What can be done to not only minimize the frequency and
severity of the crises but also make the financial system more equitable? He believes there is a need for banks to factor into their decision-making society’s goals in addition to making a
reasonable amount of profit. There are eight chapters divided into two parts: Islamic economics; Islamic finance. Chapters are: is it necessary to have Islamic economics?; Islamic economics:
what it is and how it developed; ethics and economics: the Islamic imperative; Ibn Khaldun’s theory of development: does it help explain the low performance of the present-day Muslim world?;
the case against interest: is it compelling?; innovation and authenticity in Islamic finance; challenges facing the Islamic financial industry; the global financial crisis: some suggestions for
reform of the global financial system in the light of Islamic finance. Annotation ©2015 Ringgold, Inc., Portland, OR (protoview.com)
