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Political Economy, Values and Innovation

Such approaches have provided stability, which in turn has brought unprecedented growth to the sector._x000B__x000B_The studies in this volume focus on examples in the GCC countries to provide empirical analysis of the risk aspects of ...

Islam and the Moral Economy

The Challenge of Capitalism

How do modern Muslims adapt their traditions to engage with today's world? Charles Tripp's erudite and incisive book considers one of the most significant challenges faced by Muslims over the last sixty years: the challenge of capitalism. By reference to the works of noted Muslim scholars, the author shows how, faced by this challenge, these intellectuals devised a range of strategies which have enabled Muslims to remain true to their faith, whilst engaging effectively with a world not of their own making. The work is framed around the development of their ideas on Islamic socialism, economics and the rationale for Islamic banking. While some Muslims have resorted to confrontation or insularity to cope with the challenges of modernity, most have aspired to innovation and ingenuity in the search for compromise and interaction with global capitalism in the twenty-first century.

By reference to the works of noted Muslim scholars, the author shows how, faced by this challenge, these intellectuals devised a range of strategies which have enabled Muslims to remain true to their faith, whilst engaging effectively with ...

Islam and the Prayer Economy

History and Authority in a Malian Town

At a time when so-called fundamentalism has become the privileged analytical frame for understanding Muslim societies past and present, this study offers another way of looking at Islam. In an innovative combination of anthropology, history, and social theory, Benjamin Soares explores Islam and Muslim practice in an important Islamic religious centre in West Africa from the late nineteenth century to the present. Drawing on extensive ethnography, archival research, and written sources, he provides a richly detailed discussion of Muslim religious practice--Sufism, Islamic reform, and other contemporary ways of being Muslim in western Mali and more broadly in the country. This book provides a major contribution to the study of Islam in Africa and will be welcomed by scholars and students in history, religion, and the social sciences, particularly those interested in anthropology, Islam, colonialism and the public sphere. Benjamin F. Soares is an anthropologist and senior researcher at the African Studies Center in Leiden, The Netherlands. He is the co-editor of Islam, Transnationalism, and the Public Sphere in Western Europe and the editor of Muslim/Christian Encounters in Africa.

This book provides a major contribution to the study of Islam in Africa and will be welcomed by scholars and students in history, religion, and the social sciences, particularly those interested in anthropology, Islam, colonialism and the ...

Islamic Republic of Iran

Managing the Transition to a Market Economy

This paper takes stock of developments in the Iranian economy in recent years, reviews the key issues and policy responses, highlights the nature of the challenges ahead, and draws implications for the next phase of reforms. Iran has received much attention from a geopolitical and regional standpoint, but its economic challenges have not attracted a similar degree of interest. Yet, with a population of 69 million, considerable hydrocarbon resources, a dynamic and entrepreneurial middle class, and a relatively well-educated labor force, Iran's economic potential is considerable. Equally important is Iran's experience with economic reform, which deserves attention for several reasons: (i) Iran is in transition to a market economy, and the process has been neither been smooth nor supported by external conditions; (ii) significant advances have been made in recent years in opening up the economy to international trade and foreign direct investment, encouraging the private sector, removing exchange restrictions, reforming the tax system, and enhancing macroeconomic management; and (iii) despite the progress achieved, major challenges remain.--Publisher's description.

Equally important is Iran's experience with economic reform, which deserves attention for several reasons: (i) Iran is in transition to a market economy, and the process has been neither been smooth nor supported by external conditions; ...

Ideal Islamic Economy

An Introduction

This book provides an introduction to the vision of an economic system based completely on the Holy Qur’an—a system defined as a collection of institutions, representing rules of behavior, prescribed by Allah for humans, and the traditions of the Messenger. The authors argue that the main reason for the economic underperformance of Muslim countries and their economies has been non-compliance with the prescribed rules of behavior. Rule non-compliance has been chiefly due to the failure of Muslims to comprehend the Metaframework of the Qur’an and the Archetype Model of the Prophet Mohammad and interpret them in ways compatible with their own generation and time. Askari and Mirakhor believe these rules (institutions), properly adapted to prevailing conditions present what they consider as an ideal economic system.

This book provides an introduction to the vision of an economic system based completely on the Holy Qur’an—a system defined as a collection of institutions, representing rules of behavior, prescribed by Allah for humans, and the ...

Muslim Piety as Economy

Markets, Meaning and Morality in Southeast Asia

The first volume to explore Muslim piety as a form of economy, this book examines specific forms of production, trade, regulation, consumption, entrepreneurship and science that condition – and are themselves conditioned by – Islamic values, logics and politics. With a focus on Southeast Asia as a site of significant and diverse integration of Islam and the economy – as well as the incompatibilities that can occur between the two – it reveals the production of a Muslim piety as an economy in its own right. Interdisciplinary in nature and based on in-depth empirical studies, the book considers issues such as the Qur’anic prohibition of corruption and anti-corruption reforms; the emergence of the Islamic economy under colonialism; ‘halal’ or ‘lawful’ production, trade, regulation and consumption; modesty in Islamic fashion marketing communications; and financialisation, consumerism and housing. As such, it will appeal to scholars of sociology, anthropology and religious studies with interests in Islam and Southeast Asia.

The first volume to explore Muslim piety as a form of economy, this book examines specific forms of production, trade, regulation, consumption, entrepreneurship and science that condition – and are themselves conditioned by – Islamic ...

The Political Economy and Islam of the Middle East

The Case of Tunisia

This book analyzes the political economy of the MENA region with a focus on pre-revolutionary political and economic conditions, the 2011 revolution itself, and post-revolutionary political processes in Tunisia. The author places particular emphasis on the political role of women, Islam, and democracy after the revolution, and argues that post-Revolution Tunisia serves as an ideal model for the MENA region to follow. This volume will interest scholars, students, researchers, and everyone who is interested in the politics of MENA and political economy.

This book analyzes the political economy of the MENA region with a focus on pre-revolutionary political and economic conditions, the 2011 revolution itself, and post-revolutionary political processes in Tunisia.

Beyond Interdependence

The Meshing of the World's Economy and the Earth's Ecology

Jim MacNeill was the principal author of Our Common Future, hailed as 'the most important document of the decade on the future of the world'. Beyond Interdependence builds on that report to demonstrate the relationship between the global environment, the world's economy, and the international order. Predicting that environmental and resource depletion will become the primary source of human and interstate conflict in the near future, the authors propose a range of new national security strategies that will lift the 'ecological shadow' and alleviate world poverty.

Building on the Brundtland Commission's landmark report Our Common Future, the book extends the Commission's analysis of the issues of global change and the changing international politics of environment.

Islamic Finance and Global Capitalism

An Alternative to the Market Economy

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. James Simon Watkins is a Lecturer at Regent's University London, UK. He was the Political Adviser at the Embassy of Japan in London and he has worked in the UK Houses of Parliament. He was the Chief Executive of a business group and was a UK Labour Party candidate for the 2014 European Parliament election.

The book uncovers an industry that is both profitable and changing the face of contemporary capitalism. This book examines whether Islamic finance and Islamic economics is challenging the orthodoxy of the money markets.