Islamic Finance and Global Capitalism
An Alternative to the Market Economy
| Focuses on the challenge that Islamic finance poses to traditional finance<div><div>Juxtaposes Islamic finance with traditional finance orthodoxies</div><div>Furthers current public policy debates regarding the efficacy of the market economy as a consequence of the repercussions from the 2008 financial crisis </div></div> |
Inhalt
<p>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 21<sup>st</sup> 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. <br></p>
Bibliografische Angaben
November 2020, Englisch
PALGRAVE MACMILLAN
9783030598402