The politics of Islamic finance / edited by Clement M. Henry and Rodney Wilson.

Format:

• Book

Contributor:

• Henry, Clement M., 1937-
• Wilson, Rodney.

Language:

English

Subjects (All):

• Finance--Islamic countries.
• Finance.
• Capital.
• Islamic countries.
• Capital--Islamic countries.
• Banks and banking--Islamic countries.
• Banks and banking.

Physical Description:

307 pages : illustrations ; 24 cm

Place of Publication:

Edinburgh : Edinburgh University Press, [2004]

Summary:

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. One unexpected consequence is that a new type of capitalism -- based on Islamic values and beliefs -- is emerging. sCovering political as well as economic constraints, and correcting misunderstandings about Islamic banking and finance, this book helps readers learn to appreciate the various political contexts in which Islamic finance operates in the Middle East and North Africa. sThe Politics of Islamic Finance 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.

Contents:

• Islamic banks: the rise of a new power alliance of weath and Shariʹa scholarship / Monzar Kahf
• Global politics, Islamic finance and Islamist politics before and after 11 September 2001 / Ibrahim Warde
• The Murabaha Syndrome in Islamic finance: laws, institutions and politics / Tarik M. Yousef
• Marketing commodities does not happen on commodity markets: the Egyptian Bursat Al-ʹUqud and oil futures markets / Ellis Goldberg
• Financial performances of Islamic versus conventional banks / Clement M. Henry
• Capital flight through Islamic managed funds / Rodney Wilson
• Interest politics: Islamic finance in the Sudan, 1977-2001 / Endre Stiansen
• The Kuwait Finance House and the Islamization of public life in Kuwait / Kristin Smith
• Jordan: a case study of the relationship between Islamic finance and the Islamist politics / Mohammed Malley
• The political economy of Islamic finance in Turkey: the role of Fethullah Gülen and Asya Finans / Filiz Baskan
• Aiyyu Bank Islami? The marginalization of Tunisia's BEST bank / Robert P. Parks
• The rise and decline of the Islamic Banking Model in Egypt / Samer Soliman.

Notes:

Includes bibliographical references and index.

ISBN:

• 0748618368
• 0748618376

OCLC:

53393327