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The book looks in detail at the economic conditions of Muslim countries specifically, offering a thorough political analysis at the same time. It focuses on a broad range of economic factors and takes into consideration reports such as the World Development Index. It explores striking differences and similarities among carefully chosen Muslim countries. Mainly because of its broad use of different disciplines, it will be of interest to students of political science, economics and history.
A second edition of Islamic Finance in the Global Economy, substantially revised and updated to take into account the recent developments in the field.
This book examines whether Islamic finance and Islamic economics is challenging the orthodoxy of the money markets. Can ethical finance combined with the prohibition on interest and speculation really work in the global economy? With a political economy approach, the book explores how the industry has grown in modern times – from a short-lived bank in an Egyptian city in the 1960s through to a global industry that is today valued at US$2.05 trillion. From the revelation as articulated by the Prophet Muhammed in the seventh century through to the gleaming 21st century skyscrapers of Dubai and Kuala Lumpur, the book covers the end of European colonialism, the controversial utterances of self-styled religious leaders, the impact of Islamophobia, and the efforts to end poverty through Islamic microfinance. The book uncovers an industry that is both profitable and changing the face of contemporary capitalism.
The translation of an essay first published in Egypt in 1925, which took the contemporaries of its author by storm. At a time when the Muslim world was in great turmoil over the question of the abolition of the caliphate by Mustapha Kamal Ataturk in Turke
This rigorously written book on the areas of Islamic principle theory and application is expected to break new ground in modern economic analysis, both for the Islamically inclined and others. The main features of the book include analytical treatments of the essential axioms and instruments of Islamic Political Economy, their expected application, and a comparative perspective both in respect to contemporary Islamic literature as well as comparative economic theory.
There has been a great revival of interest in recent years in the concerns of Islamic political economy after several hundred years of hiatus in its long history. The independence of Muslim countries and the revival of Islamic movements around the world have been among the factors encouraging new interest among the Muslims and others in how economies and economic theory can be brought into line with the Islamic vision of a just society. This text attempts to show that the contribution which Islamic political economy can make requires a study first of epistemological principles, about the purpose and sources of knowledge, the role of reason and the relationship between self and social interest in human affairs. The conclusions which arise from this analysis about the role and limits of markets, the goal of combining efficiency and equity and the means of doing so with state provision of welfare everywhere in crisis will prove illuminating all of those interested in Islamic studies and political economy as well as to other observers and analysts of contemporary society.
The Oxford Encyclopedia of Islam and Politics provides in-depth coverage of the political dimensions of Islam and the Muslim world. Developments in Muslim societies in the nineteenth and twentieth centuries have highlighted the need for a major reference work focusing primarily on thesedimensions. The realization of internal decay and relentless quest for reform, the collapse of the Islamic caliphate, the fall of most parts of the Muslim world under western colonialism, the emergence of nation-states, the dominance of secular ideologies, the rise of Islamic revivalist movementsand faith-based political, economic, and social alternatives, the confrontation between Islamic movements and secular inspired regimes have constituted major turning points in the contemporary history of Muslim societies. At no time has the understanding of the nature and implications of thesedevelopments been needed more.Based on the highly acclaimed 2009 publication, The Oxford Encyclopedia of the Islamic World, The Oxford Encyclopedia of Islam and Politics brings together over 400 new and updated entries to create a single, specialized reference source on this important topic.
This volume takes a unique and challenging look at how money has operated in Islamic society and at how Islamic theoretical frameworks have influenced perceptions of money. The author draws upon historical, data and policy analysis to present a comparative study of monetary theories, including recent treatment of money by Islamic economists. Discussion also covers the nature of joint venture, stock markets, banks and financial intermediaries, price stability and international trade. This work sheds pioneering light in this area, and will be of interest to academics, graduates and researchers internationally.
A collection of major writings on Islamic economics by Abu'l A'la Mawdudi (1903-79), one of the leading Muslim intellectuals of the twentieth century.