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Globalization and Islamic Finance

Globalization and Islamic Finance
Author: Hossein Askari
Publisher: John Wiley & Sons
Total Pages: 225
Release: 2011-11-11
Genre: Business & Economics
ISBN: 1118178904

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This is an extremely valuable book written by three highly qualified scholars whose credentials for writing such a book are difficult to match. The timing of the book is also perfect, having come at a time when the worst financial crisis in living memory has intensified the quest for reform of the international architecture. The proposals made by the authors should go a long way in not only reforming the system but also in accelerating the move towards financial globalization and convergence of the conventional and Islamic financial systems. Dr. Umer Chapra Prominent Scholar of Islamic Economics and currently Research Advisor Islamic Research and Training Institute (IRTI), Islamic Development Bank (IDB) Globalization and Islamic Finance, by three well-respected authors in Islamic finance, provides a thought-provoking analysis of an important and topical issue, particularly, given the global impact of the current financial and economic crises. The book is the first attempt to make a compelling case of convergence between globalization and Islamic finance. Askari, Iqbal and Mirakhor should be praised for this serious effort, which is a must-read for academics and practitioners interested in Islamic finance. Professor Rifaat Ahmed Abdel Karim Secretary General Islamic Financial Services Board (IFSB) This book has a robust discussion of the growth and spread of Islamic finance within the umbrella of globalization. The book provides a unique view of Islamic finance, not only from the perspective of how Islamic finance fits within globalization in general, but globalization of finance in particular. This is a must read for anyone interested in the complex and complicated world of Islamic finance. Scheherazade S. Rehman, Ph.D. Director, European Union Research Center Professor of International Finance, School of Business The George Washington University I have not come across any literature that has delved so intensely in financial globalization, in particular Islamic finance. Due to this reason, I would encourage all interested in this area to read this book. Hajah Salma Latiff Managing Director, Crescent Sdn. Bhd. Former Director, Centre for Islamic Banking, Finance and Management (CIBFM), Universiti Brunei Darussalam The recent crisis has evoked wide interest in Islamic finance publications. Globalization and Islamic Finance is both timely and needed. Sani Hamid Director, Wealth Management Financial Alliance (Singapore)


Islamic Finance in the Global Economy

Islamic Finance in the Global Economy
Author: Ibrahim Warde
Publisher: Edinburgh University Press
Total Pages: 289
Release: 2014-03-11
Genre: Religion
ISBN: 0748696474

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A second edition of Islamic Finance in the Global Economy, substantially revised and updated to take into account the recent developments in the field.


Islamic Globalization

Islamic Globalization
Author:
Publisher: World Scientific
Total Pages: 321
Release: 2013
Genre: Political Science
ISBN: 9814508446

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Islamic Globalization examines the Muslim world''s growing importance in creating a more inclusive international system that is increasingly multipolar and multicultural. The author describes an emerging pattern of Islamic globalization as a series of transformations in four interrelated areas OCo pilgrimage and religious travel, capitalism and Islamic finance, democracy and Islamic modernism, and diplomacy and great power politics. The book integrates the disciplines of religion, politics, economics, law, and international relations highlighting developments in the Middle East, South Asia, Southeast Asia, and Africa. It provides new insights into the rapidly growing ties between China and the Islamic world, exploring their likely impact on the balance of power in Eurasia and beyond.


New Issues in Islamic Finance and Economics

New Issues in Islamic Finance and Economics
Author: Hossein Askari
Publisher: John Wiley & Sons
Total Pages: 268
Release: 2011-12-19
Genre: Business & Economics
ISBN: 1118179641

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New Issues in Islamic Finance & Economics: Progress and Challenges provides a review of the main issues and challenges facing Islamic finance. The application of Islamic finance is currently limited to banking. This book starts with an overview of the factors and motives behind the development of Islamic finance. A critical review of issues facing the industry is provided followed by a detailed analysis of areas where further attention is required. The book offers some original thinking on issues pertaining to governance, institutions, public finance and economic development within an Islamic financial system.


Towards a Post-Covid Global Financial System

Towards a Post-Covid Global Financial System
Author: M. Kabir Hassan
Publisher: Emerald Group Publishing
Total Pages: 328
Release: 2022-01-20
Genre: Business & Economics
ISBN: 1800716257

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In Towards a Post-Covid Global Financial System a team of experts explore how COVID-19 has affected the most vulnerable parts of the global economy; how it has been met by Islamic banking and finance; and how the principles of Islamic social finance could be used to have a fairer, more resilient Islamic finance system for all.


Beyond Debt

Beyond Debt
Author: Daromir Rudnyckyj
Publisher: University of Chicago Press
Total Pages: 272
Release: 2018-11-22
Genre: Social Science
ISBN: 022655208X

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Recent economic crises have made the centrality of debt, and the instability it creates, increasingly apparent. This realization has led to cries for change—yet there is little popular awareness of possible alternatives. Beyond Debt describes efforts to create a transnational economy free of debt. Based on ethnographic fieldwork in Malaysia, Daromir Rudnyckyj illustrates how the state, led by the central bank, seeks to make the country’s capital Kuala Lumpur “the New York of the Muslim world”—the central node of global financial activity conducted in accordance with Islam. Rudnyckyj shows how Islamic financial experts have undertaken ambitious experiments to create more stable economies and stronger social solidarities by facilitating risk- and profit-sharing, enhanced entrepreneurial skills, and more collaborative economic action. Building on scholarship that reveals the impact of financial devices on human activity, he illustrates how Islamic finance is deployed to fashion subjects who are at once more pious Muslims and more ambitious entrepreneurs. In so doing, Rudnyckyj shows how experts seek to create a new “geoeconomics”—a global Islamic alternative to the conventional financial network centered on New York, London, and Tokyo. A groundbreaking analysis of a timely subject, Beyond Debt tells the captivating story of efforts to re-center international finance in an emergent Islamic global city and, ultimately, to challenge the very foundations of conventional finance.


Financial Globalization and Islamic Financing Institutions

Financial Globalization and Islamic Financing Institutions
Author: Masudul Alam Choudhury
Publisher:
Total Pages: 20
Release: 2018
Genre:
ISBN:

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This paper while being a study of its own subject matter is also a response to Professor Ali Khan's discussion paper entitled, “Globalization of Financial Markets and Islamic Financial Institutions” that appeared in Islamic Economic Studies, Vol.8, No.1 (2000:19-67). The topic of financial and economic globalization is studied in contrasting perspective between Occidentalism and Islam. The epistemology, model and approach of the formative ummatic globalization are brought out. Contrasting epistemological questions of morals, ethics and values that shape human behavior, institutions and approaches to well being in the global sense are examined from the viewpoints of Occidentalism and tawhidi (divine unity of knowledge) praxis. In the process of this thematic study the content of the paper by Professor Ali Khan on the same topic is critically examined. The normative structure of the progressive ummatic transformation and its positive implications within the framework of finance, money, real economy and global Islamic institutional relationships is examined.


Islamic Economies

Islamic Economies
Author: Nafis Alam
Publisher: Springer
Total Pages: 137
Release: 2017-08-25
Genre: Business & Economics
ISBN: 3319479377

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This book explores contemporary empirical issues in Islamic economics. It begins by outlining current trends in Islamic economics and before identifying gaps in the empirical research. It then goes on to discuss the role of institutions in economic growth for Islamic countries, and the fiscal aspects of Islamic economics. It explores issues in debt and growth, as well as the instruments of monetary management in Islamic economics. It analyses the trade-off between growth and stability and concludes with discussion of Zakat and Waqf in driving growth.


The Global Financial Crisis and the Islamic Finance

The Global Financial Crisis and the Islamic Finance
Author: Hussein Elasrag
Publisher: Hussein Elasrag
Total Pages: 122
Release: 2018-02-08
Genre: Business & Economics
ISBN: 8827566910

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The world economy is still suffering the crisis, considered the most severe since the Great Depression, where economic downturn at historic magnitude and many countries across the globe, irrespective of their development level, are still under strain dealing with this crisis.This book tries to note the main causes and the impacts of the current financial and economic crisis. In addition to discuss the belief that the Islamic Finance and its prospective is a viable alternative to the ailing global financial system


The Economic and Financial Imperatives of Globalisation

The Economic and Financial Imperatives of Globalisation
Author: Mazilan Musa
Publisher: Institute of Islamic Understanding Malaysia
Total Pages: 428
Release: 2000
Genre: Business & Economics
ISBN:

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This book hopes to enlighten readers in the following areas: in understanding existing international trade and finance practices; in exploring the various Islamic guidelines and approaches to international trade and finance; in discussing the Islamic macro-economic responses to the present world economic disorder; and in finding micro-economic solutions (such as Islamic infrastructure financing and corporate bonds) to the present world economic disorder.