Author: Aamir Rehman
Publisher: Mcgraw-hill
ISBN: 9780071621984
Category : Business & Economics
Languages : en
Pages : 352
Book Description
Advance Praise for Gulf Capital & Islamic Finance "With the region's increasing prominence in global capital markets, this timely piece is essential for anyone trying to gather a nuanced understanding of the landscape of Gulf capital and the fast-growing Islamic finance industry and the increased 'Shariah-affinity' of its stakeholders. Brilliantly written and easy to read, Aamir Rehman has leveraged a luminous career as a corporate strategist for the Middle East to put together the comprehensive guide to Gulf capital and Islamic finance." -- S. Nazim Ali, Director, Islamic Finance Project, Harvard Law School "Aamir Rehman has written a lucid and well-researched guide to tapping capital in the Gulf. He is right that appreciating the underpinnings of Shariah-compliant finance is key to understanding the mindset of Muslim investors." -- Samuel L. Hayes III, Jacob Schiff Professor of Investment Banking, Emeritus, Harvard Business School "A timely and useful book on the growing relevance to the global economy of Gulf capital and Islamic finance. Aamir Rehman's deep knowledge, passion, and engagement with the topic have come together in a book that provides insight and practical advice on how to tap into a rapidly growing source of capital. This book will help institutions navigate their way successfully through the growing Islamic finance industry." -- Iqbal Khan, CEO, Fajr Capital, and former founding CEO, HSBC Amanah "If you want to understand the meaning and implications of Islamic finance, Aamir Rehman's Gulf Capital and Islamic Finance is the one volume you need on your desk. Written primarily for financial investment professionals with a need to know more about the impact on global markets of GCC investments and Islamic finance, Rehman's newest book makes this formerly ecoteric topic accessible to anyone with an interest in the increasingly important energy-rich Gulf countries." -- Michael W. S. Ryan, Ph.D., Senior Vice President, Middle East Institute, and former VP for Administration and Finance, Millennium Challenge Corporation The six countries comprising the Gulf Cooperation Council (GCC)--Saudi Arabia, the UAE, Qatar, Kuwait, Bahrain, and Oman--have emerged as a vital source of stable capital and investments that will help power global economics in the coming decades. In Gulf Capital and Islamic Finance, Aamir A. Rehman, the acclaimed author of Dubai & Co.: Global Strategies for Doing Business in the Gulf States, sheds welcome light on the hows and whys of trillions of dollars of Gulf capital, and Shariah-compliant finance--a fast-growing sector that Standard & Poor's values at $750 billion. In addition to incisive analysis of these dynamic, often unfamiliar markets, Rehman examines this sector's growth potential and investment opportunities. Clearly written, brilliantly reasoned, and refreshingly free from geopolitical biases, this book is an excellent resource for professionals seeking to understand Gulf investments, Islamic finance, and their impact on global markets. Inside, you'll find in-depth knowledge on a host of vital topics, including: Background and context on the rise of Gulf capital and Islamic finance: their origins, evolution to date, and current landscape Descriptions of key GCC institutional investors such as sovereign wealth funds, specialist investment vehicles, and private investors Global implications of the rise of these new players--what it means for investors, bankers, regulators, and international markets The role of Gulf capital and Islamic finance in an emerging, multipolar world--and whether they should be seen as opportunities or threats Involvement with Gulf-based investors in international markets is already bearing financial and strategic fruit for savvy global firms, as well as influencing reform in the GCC region. The flow of capital in and out of Shariah-compliant sectors presents tremendous opportunities for those who understand--and are prepared to meet--the aspirations and needs of these investors. Gulf Capital and Islamic Finance provides these firms and professionals with in-depth knowledge that builds a solid platform for dealing with businesses in a region that is assuming a broader role in the global economy.
Gulf Capital and Islamic Finance: The Rise of the New Global Players
Author: Aamir Rehman
Publisher: Mcgraw-hill
ISBN: 9780071621984
Category : Business & Economics
Languages : en
Pages : 352
Book Description
Advance Praise for Gulf Capital & Islamic Finance "With the region's increasing prominence in global capital markets, this timely piece is essential for anyone trying to gather a nuanced understanding of the landscape of Gulf capital and the fast-growing Islamic finance industry and the increased 'Shariah-affinity' of its stakeholders. Brilliantly written and easy to read, Aamir Rehman has leveraged a luminous career as a corporate strategist for the Middle East to put together the comprehensive guide to Gulf capital and Islamic finance." -- S. Nazim Ali, Director, Islamic Finance Project, Harvard Law School "Aamir Rehman has written a lucid and well-researched guide to tapping capital in the Gulf. He is right that appreciating the underpinnings of Shariah-compliant finance is key to understanding the mindset of Muslim investors." -- Samuel L. Hayes III, Jacob Schiff Professor of Investment Banking, Emeritus, Harvard Business School "A timely and useful book on the growing relevance to the global economy of Gulf capital and Islamic finance. Aamir Rehman's deep knowledge, passion, and engagement with the topic have come together in a book that provides insight and practical advice on how to tap into a rapidly growing source of capital. This book will help institutions navigate their way successfully through the growing Islamic finance industry." -- Iqbal Khan, CEO, Fajr Capital, and former founding CEO, HSBC Amanah "If you want to understand the meaning and implications of Islamic finance, Aamir Rehman's Gulf Capital and Islamic Finance is the one volume you need on your desk. Written primarily for financial investment professionals with a need to know more about the impact on global markets of GCC investments and Islamic finance, Rehman's newest book makes this formerly ecoteric topic accessible to anyone with an interest in the increasingly important energy-rich Gulf countries." -- Michael W. S. Ryan, Ph.D., Senior Vice President, Middle East Institute, and former VP for Administration and Finance, Millennium Challenge Corporation The six countries comprising the Gulf Cooperation Council (GCC)--Saudi Arabia, the UAE, Qatar, Kuwait, Bahrain, and Oman--have emerged as a vital source of stable capital and investments that will help power global economics in the coming decades. In Gulf Capital and Islamic Finance, Aamir A. Rehman, the acclaimed author of Dubai & Co.: Global Strategies for Doing Business in the Gulf States, sheds welcome light on the hows and whys of trillions of dollars of Gulf capital, and Shariah-compliant finance--a fast-growing sector that Standard & Poor's values at $750 billion. In addition to incisive analysis of these dynamic, often unfamiliar markets, Rehman examines this sector's growth potential and investment opportunities. Clearly written, brilliantly reasoned, and refreshingly free from geopolitical biases, this book is an excellent resource for professionals seeking to understand Gulf investments, Islamic finance, and their impact on global markets. Inside, you'll find in-depth knowledge on a host of vital topics, including: Background and context on the rise of Gulf capital and Islamic finance: their origins, evolution to date, and current landscape Descriptions of key GCC institutional investors such as sovereign wealth funds, specialist investment vehicles, and private investors Global implications of the rise of these new players--what it means for investors, bankers, regulators, and international markets The role of Gulf capital and Islamic finance in an emerging, multipolar world--and whether they should be seen as opportunities or threats Involvement with Gulf-based investors in international markets is already bearing financial and strategic fruit for savvy global firms, as well as influencing reform in the GCC region. The flow of capital in and out of Shariah-compliant sectors presents tremendous opportunities for those who understand--and are prepared to meet--the aspirations and needs of these investors. Gulf Capital and Islamic Finance provides these firms and professionals with in-depth knowledge that builds a solid platform for dealing with businesses in a region that is assuming a broader role in the global economy.
Publisher: Mcgraw-hill
ISBN: 9780071621984
Category : Business & Economics
Languages : en
Pages : 352
Book Description
Advance Praise for Gulf Capital & Islamic Finance "With the region's increasing prominence in global capital markets, this timely piece is essential for anyone trying to gather a nuanced understanding of the landscape of Gulf capital and the fast-growing Islamic finance industry and the increased 'Shariah-affinity' of its stakeholders. Brilliantly written and easy to read, Aamir Rehman has leveraged a luminous career as a corporate strategist for the Middle East to put together the comprehensive guide to Gulf capital and Islamic finance." -- S. Nazim Ali, Director, Islamic Finance Project, Harvard Law School "Aamir Rehman has written a lucid and well-researched guide to tapping capital in the Gulf. He is right that appreciating the underpinnings of Shariah-compliant finance is key to understanding the mindset of Muslim investors." -- Samuel L. Hayes III, Jacob Schiff Professor of Investment Banking, Emeritus, Harvard Business School "A timely and useful book on the growing relevance to the global economy of Gulf capital and Islamic finance. Aamir Rehman's deep knowledge, passion, and engagement with the topic have come together in a book that provides insight and practical advice on how to tap into a rapidly growing source of capital. This book will help institutions navigate their way successfully through the growing Islamic finance industry." -- Iqbal Khan, CEO, Fajr Capital, and former founding CEO, HSBC Amanah "If you want to understand the meaning and implications of Islamic finance, Aamir Rehman's Gulf Capital and Islamic Finance is the one volume you need on your desk. Written primarily for financial investment professionals with a need to know more about the impact on global markets of GCC investments and Islamic finance, Rehman's newest book makes this formerly ecoteric topic accessible to anyone with an interest in the increasingly important energy-rich Gulf countries." -- Michael W. S. Ryan, Ph.D., Senior Vice President, Middle East Institute, and former VP for Administration and Finance, Millennium Challenge Corporation The six countries comprising the Gulf Cooperation Council (GCC)--Saudi Arabia, the UAE, Qatar, Kuwait, Bahrain, and Oman--have emerged as a vital source of stable capital and investments that will help power global economics in the coming decades. In Gulf Capital and Islamic Finance, Aamir A. Rehman, the acclaimed author of Dubai & Co.: Global Strategies for Doing Business in the Gulf States, sheds welcome light on the hows and whys of trillions of dollars of Gulf capital, and Shariah-compliant finance--a fast-growing sector that Standard & Poor's values at $750 billion. In addition to incisive analysis of these dynamic, often unfamiliar markets, Rehman examines this sector's growth potential and investment opportunities. Clearly written, brilliantly reasoned, and refreshingly free from geopolitical biases, this book is an excellent resource for professionals seeking to understand Gulf investments, Islamic finance, and their impact on global markets. Inside, you'll find in-depth knowledge on a host of vital topics, including: Background and context on the rise of Gulf capital and Islamic finance: their origins, evolution to date, and current landscape Descriptions of key GCC institutional investors such as sovereign wealth funds, specialist investment vehicles, and private investors Global implications of the rise of these new players--what it means for investors, bankers, regulators, and international markets The role of Gulf capital and Islamic finance in an emerging, multipolar world--and whether they should be seen as opportunities or threats Involvement with Gulf-based investors in international markets is already bearing financial and strategic fruit for savvy global firms, as well as influencing reform in the GCC region. The flow of capital in and out of Shariah-compliant sectors presents tremendous opportunities for those who understand--and are prepared to meet--the aspirations and needs of these investors. Gulf Capital and Islamic Finance provides these firms and professionals with in-depth knowledge that builds a solid platform for dealing with businesses in a region that is assuming a broader role in the global economy.
Gulf Capital and Islamic Finance: The Rise of the New Global Players
Author: Aamir A. Rehman
Publisher: McGraw Hill Professional
ISBN: 0071713247
Category : Business & Economics
Languages : en
Pages : 352
Book Description
A detailed overview of Sharia-compliant finance—one of today’s most dynamic and influential sectors Islamic banks, which are becoming increasingly wealthier, are ever in search of sharia-compliant investments. In order to capitalize on this new development, investing professionals must familiarize themselves with this burgeoning investing method. Gulf Capital & Islamic Finance introduces bankers, money managers, and investors to the strategic and technical aspects of Islamic finance, covering a broad range of vehicles, including Islamic bonds, Sukuks, ETFs, and takaful (Islamic insurance). In an era of evaporating liquidity and endless adjustments to economic crises, Islamic finance is one of the few areas that continues to grow.
Publisher: McGraw Hill Professional
ISBN: 0071713247
Category : Business & Economics
Languages : en
Pages : 352
Book Description
A detailed overview of Sharia-compliant finance—one of today’s most dynamic and influential sectors Islamic banks, which are becoming increasingly wealthier, are ever in search of sharia-compliant investments. In order to capitalize on this new development, investing professionals must familiarize themselves with this burgeoning investing method. Gulf Capital & Islamic Finance introduces bankers, money managers, and investors to the strategic and technical aspects of Islamic finance, covering a broad range of vehicles, including Islamic bonds, Sukuks, ETFs, and takaful (Islamic insurance). In an era of evaporating liquidity and endless adjustments to economic crises, Islamic finance is one of the few areas that continues to grow.
Gulf Capital and Islamic Finance
Author: Aamir A. Rehman
Publisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
Publisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
Islamic Finance: Political economy, values and innovation
Author: Mehmet Asutay
Publisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 0
Book Description
Publisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 0
Book Description
Islamic Finance: Instruments and Markets
Author: Bloomsbury Publishing
Publisher: Bloomsbury Publishing
ISBN: 1849300399
Category : Business & Economics
Languages : en
Pages : 238
Book Description
Islamic Finance: Instruments and Markets looks at the application of Sharia law to the world of banking and finance. It provides you with an understanding of the rationale behind the instruments and the rapidly developing Islamic financial markets. Coverage includes in-depth analysis of the financial instruments within the Sharia framework and how they are applied in various sectors including insurance, investment and capital markets. Regulatory issues are also discussed both from the role of the Sharia board to reporting financial risk to legal bodies. It addresses issues such as bringing a New Ethical Dimension to Banking through to The International Role of Islamic Finance and provides you with a range of checklists from Business Ethics in Islamic Finance to The Role of the Shariah Advisory Board in Islamic Finance and Regulatory and Capital Issues under Shariah Law.
Publisher: Bloomsbury Publishing
ISBN: 1849300399
Category : Business & Economics
Languages : en
Pages : 238
Book Description
Islamic Finance: Instruments and Markets looks at the application of Sharia law to the world of banking and finance. It provides you with an understanding of the rationale behind the instruments and the rapidly developing Islamic financial markets. Coverage includes in-depth analysis of the financial instruments within the Sharia framework and how they are applied in various sectors including insurance, investment and capital markets. Regulatory issues are also discussed both from the role of the Sharia board to reporting financial risk to legal bodies. It addresses issues such as bringing a New Ethical Dimension to Banking through to The International Role of Islamic Finance and provides you with a range of checklists from Business Ethics in Islamic Finance to The Role of the Shariah Advisory Board in Islamic Finance and Regulatory and Capital Issues under Shariah Law.
Contemporary Islamic Finance
Author: Karen Hunt-Ahmed
Publisher: John Wiley & Sons
ISBN: 1118240332
Category : Business & Economics
Languages : en
Pages : 400
Book Description
A comprehensive look at the innovations, applications, and best practices of Islamic finance Islamic-compliant finance is transacted in every major world financial center, and the need for information on the topic in light of its global reach has grown exponentially. As an expert in this field, author Karen Hunt-Ahmed understands the intricacies of this area of the capital markets. Now, along with the help of a number of experienced contributors, she skillfully addresses Islamic finance from the perspective of practitioners, examining issues in wealth management, contract law, private equity, asset management, and much more. Engaging and accessible, Contemporary Islamic Finance skillfully explains the practices and innovations of Islamic finance in everything from banking and real estate to private equity, asset management, and many other areas. It is intended to be the go-to resource for both Muslims as well as non-Muslims with an interest in the subject. Divided into three comprehensive parts, it will put you in a better position to understand, and excel at, this important endeavor. Introduces you to the history, legal structures, and basic financial contracts in the industry Highlights the various issues facing contemporary Islamic finance practitioners, and details their significance in the contemporary financial and cultural environment Includes case studies of United States-based transactions and related challenges and successes Filled with in-depth insights and expert advice, this detailed analysis of Contemporary Islamic Finance will help you gain a firm understanding of how effective this proven approach can be.
Publisher: John Wiley & Sons
ISBN: 1118240332
Category : Business & Economics
Languages : en
Pages : 400
Book Description
A comprehensive look at the innovations, applications, and best practices of Islamic finance Islamic-compliant finance is transacted in every major world financial center, and the need for information on the topic in light of its global reach has grown exponentially. As an expert in this field, author Karen Hunt-Ahmed understands the intricacies of this area of the capital markets. Now, along with the help of a number of experienced contributors, she skillfully addresses Islamic finance from the perspective of practitioners, examining issues in wealth management, contract law, private equity, asset management, and much more. Engaging and accessible, Contemporary Islamic Finance skillfully explains the practices and innovations of Islamic finance in everything from banking and real estate to private equity, asset management, and many other areas. It is intended to be the go-to resource for both Muslims as well as non-Muslims with an interest in the subject. Divided into three comprehensive parts, it will put you in a better position to understand, and excel at, this important endeavor. Introduces you to the history, legal structures, and basic financial contracts in the industry Highlights the various issues facing contemporary Islamic finance practitioners, and details their significance in the contemporary financial and cultural environment Includes case studies of United States-based transactions and related challenges and successes Filled with in-depth insights and expert advice, this detailed analysis of Contemporary Islamic Finance will help you gain a firm understanding of how effective this proven approach can be.
The Paradox of Islamic Finance
Author: Ryan Calder
Publisher: Princeton University Press
ISBN: 0691258317
Category : Business & Economics
Languages : en
Pages : 376
Book Description
How the booming Islamic finance industry became an ultramodern hybrid of religion and markets In just fifty years, Islamic finance has grown from a tiny experiment operated from a Volkswagen van to a thriving global industry worth more than the entire financial sector of India, South America, or Eastern Europe. You can now shop with an Islamic credit card, invest in Islamic bonds, and buy Islamic derivatives. But how has this spectacular growth been possible, given Islam’s strictures against interest? In The Paradox of Islamic Finance, Ryan Calder examines the Islamic finance boom, arguing that shariah scholars—experts in Islamic law who certify financial products as truly Islamic—have made the industry a profitable, if controversial, hybrid of religion and markets. Critics say Islamic finance merely reproduces conventional interest-based finance, with the shariah scholars’ blessing. From an economic perspective, they are right: the most popular Islamic products act like conventional interest-bearing ones, earning healthy profits for Islamic banks and global financial heavyweights like Deutsche Bank and Goldman Sachs. Yet as Calder shows by delving into the shariah scholars’ day-to-day work, what seem like high-tech work-arounds to outsiders carry deep and nuanced meaning to the scholars—and to the hundreds of millions of Muslims who respect their expertise. He argues that Shariah scholars’ conception of Islamic finance is perfectly suited to the age of financialization and the global efflorescence of shariah-minded Islam.
Publisher: Princeton University Press
ISBN: 0691258317
Category : Business & Economics
Languages : en
Pages : 376
Book Description
How the booming Islamic finance industry became an ultramodern hybrid of religion and markets In just fifty years, Islamic finance has grown from a tiny experiment operated from a Volkswagen van to a thriving global industry worth more than the entire financial sector of India, South America, or Eastern Europe. You can now shop with an Islamic credit card, invest in Islamic bonds, and buy Islamic derivatives. But how has this spectacular growth been possible, given Islam’s strictures against interest? In The Paradox of Islamic Finance, Ryan Calder examines the Islamic finance boom, arguing that shariah scholars—experts in Islamic law who certify financial products as truly Islamic—have made the industry a profitable, if controversial, hybrid of religion and markets. Critics say Islamic finance merely reproduces conventional interest-based finance, with the shariah scholars’ blessing. From an economic perspective, they are right: the most popular Islamic products act like conventional interest-bearing ones, earning healthy profits for Islamic banks and global financial heavyweights like Deutsche Bank and Goldman Sachs. Yet as Calder shows by delving into the shariah scholars’ day-to-day work, what seem like high-tech work-arounds to outsiders carry deep and nuanced meaning to the scholars—and to the hundreds of millions of Muslims who respect their expertise. He argues that Shariah scholars’ conception of Islamic finance is perfectly suited to the age of financialization and the global efflorescence of shariah-minded Islam.
An Overview of Islamic Finance
Author: Mr.Mumtaz Hussain
Publisher: International Monetary Fund
ISBN: 1513565621
Category : Business & Economics
Languages : en
Pages : 35
Book Description
Islamic finance has started to grow in international finance across the globe, with some concentration in few countries. Nearly 20 percent annual growth of Islamic finance in recent years seems to point to its resilience and broad appeal, partly owing to principles that govern Islamic financial activities, including equity, participation, and ownership. In theory, Islamic finance is resilient to shocks because of its emphasis on risk sharing, limits on excessive risk taking, and strong link to real activities. Empirical evidence on the stability of Islamic banks, however, is so far mixed. While these banks face similar risks as conventional banks do, they are also exposed to idiosyncratic risks, necessitating a tailoring of current risk management practices. The macroeconomic policy implications of the rapid expansion of Islamic finance are far reaching and need careful considerations.
Publisher: International Monetary Fund
ISBN: 1513565621
Category : Business & Economics
Languages : en
Pages : 35
Book Description
Islamic finance has started to grow in international finance across the globe, with some concentration in few countries. Nearly 20 percent annual growth of Islamic finance in recent years seems to point to its resilience and broad appeal, partly owing to principles that govern Islamic financial activities, including equity, participation, and ownership. In theory, Islamic finance is resilient to shocks because of its emphasis on risk sharing, limits on excessive risk taking, and strong link to real activities. Empirical evidence on the stability of Islamic banks, however, is so far mixed. While these banks face similar risks as conventional banks do, they are also exposed to idiosyncratic risks, necessitating a tailoring of current risk management practices. The macroeconomic policy implications of the rapid expansion of Islamic finance are far reaching and need careful considerations.
AngloArabia
Author: David Wearing
Publisher: John Wiley & Sons
ISBN: 1509532064
Category : Political Science
Languages : en
Pages : 240
Book Description
UK ties with Saudi Arabia and the other Gulf monarchies are under the spotlight as never before. Huge controversy surrounds Britain’s alliances with these deeply repressive regimes, and the UK’s key supporting role in the disastrous Saudi-led intervention in Yemen has lent added urgency to the debate. What lies behind the British government’s decision to place politics before principles in the Gulf? Why have Anglo-Arabian relations grown even closer in recent years, despite ongoing, egregious human rights violations? In this ground-breaking analysis, David Wearing argues that the Gulf Arab monarchies constitute the UK’s most important and lucrative alliances in the global south. They are central both to the British government’s ambitions to retain its status in the world system, and to its post-Brexit economic strategy. Exploring the complex and intertwined structures of UK-Gulf relations in trade and investment, arms sales and military cooperation, and energy, Wearing shines a light on the shocking lengths to which the British state has gone in order to support these regimes. As these issues continue to make the headlines, this book lifts the lid on ‘AngloArabia’ and what’s at stake for both sides.
Publisher: John Wiley & Sons
ISBN: 1509532064
Category : Political Science
Languages : en
Pages : 240
Book Description
UK ties with Saudi Arabia and the other Gulf monarchies are under the spotlight as never before. Huge controversy surrounds Britain’s alliances with these deeply repressive regimes, and the UK’s key supporting role in the disastrous Saudi-led intervention in Yemen has lent added urgency to the debate. What lies behind the British government’s decision to place politics before principles in the Gulf? Why have Anglo-Arabian relations grown even closer in recent years, despite ongoing, egregious human rights violations? In this ground-breaking analysis, David Wearing argues that the Gulf Arab monarchies constitute the UK’s most important and lucrative alliances in the global south. They are central both to the British government’s ambitions to retain its status in the world system, and to its post-Brexit economic strategy. Exploring the complex and intertwined structures of UK-Gulf relations in trade and investment, arms sales and military cooperation, and energy, Wearing shines a light on the shocking lengths to which the British state has gone in order to support these regimes. As these issues continue to make the headlines, this book lifts the lid on ‘AngloArabia’ and what’s at stake for both sides.
Politics of Islamic Finance
Author: Henry Clement Henry
Publisher: Edinburgh University Press
ISBN: 1474469086
Category : Business & Economics
Languages : en
Pages : 312
Book Description
Can the contemporary Islamic finance movement be shown to meet the requirements of modern commerce? In the wake of the terrorist attacks on America the UN Security Council passed a resolution targeting transnational sources of terrorist funds. The United States and the International Monetary Fund are encouraging the governments of the Middle East to adopt policies of economic liberalism and a new type of capitalism, based on Islamic values and beliefs, is emerging.The aims of the book are:* to explore the political implications of the slow but steady accumulation of Islamic capital* to analyse the connections between Islamic finance and Islamic political movements in Middle Eastern and North African countries* to show that the commonly-perceived connection between Islamic finance and money laundering and terrorism is by no means the complete picture. Readers will learn to appreciate the various political contexts in which Islamic finance operates in the Middle East and North Africa and will acquire some understanding of its political as well as economic constraints. Hopefully possible misunderstandings about Islamic banking and finance will be corrected.The book is divided into two parts - part one is thematic and lays the ground for the country-specific case studies in part two (covering the Sudan, Kuwait, Jordan, Turkey, Tunisia and Egypt). The contributors include political scientists, economists and historians.Key Features:* A major topical issue* Written by the world's leading experts on Islamic Political Economy* Explores the connections between Islamic finance and Islamic political movements* Includes country-specific case studies
Publisher: Edinburgh University Press
ISBN: 1474469086
Category : Business & Economics
Languages : en
Pages : 312
Book Description
Can the contemporary Islamic finance movement be shown to meet the requirements of modern commerce? In the wake of the terrorist attacks on America the UN Security Council passed a resolution targeting transnational sources of terrorist funds. The United States and the International Monetary Fund are encouraging the governments of the Middle East to adopt policies of economic liberalism and a new type of capitalism, based on Islamic values and beliefs, is emerging.The aims of the book are:* to explore the political implications of the slow but steady accumulation of Islamic capital* to analyse the connections between Islamic finance and Islamic political movements in Middle Eastern and North African countries* to show that the commonly-perceived connection between Islamic finance and money laundering and terrorism is by no means the complete picture. Readers will learn to appreciate the various political contexts in which Islamic finance operates in the Middle East and North Africa and will acquire some understanding of its political as well as economic constraints. Hopefully possible misunderstandings about Islamic banking and finance will be corrected.The book is divided into two parts - part one is thematic and lays the ground for the country-specific case studies in part two (covering the Sudan, Kuwait, Jordan, Turkey, Tunisia and Egypt). The contributors include political scientists, economists and historians.Key Features:* A major topical issue* Written by the world's leading experts on Islamic Political Economy* Explores the connections between Islamic finance and Islamic political movements* Includes country-specific case studies