The Politics of Islamic Finance

Clement Henry; Rodney Wilson

Published by Edinburgh University Press 2004

The Politics of Islamic Finance

Clement Henry and Rodney Wilson

https://doi.org/10.1515/9781474469081

Overview
Contents

About this book

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

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Topics

Frontmatter Publicly Available Download PDF	i
Contents Publicly Available Download PDF	v
Introduction Clement M. Henry and Rodney Wilson Requires Authentication Unlicensed Licensed Download PDF	1
PART I Thematic Essays
1 Islamic Banks: The Rise of a New Power Alliance of Wealth and Shari’a Scholarship Monzer Kahf Requires Authentication Unlicensed Licensed Download PDF	17
2 Global Politics, Islamic Finance and Islamist Politics Before and After 11 September 2001 Ibrahim Warde Requires Authentication Unlicensed Licensed Download PDF	37
3 The Murabaha Syndrome in Islamic Finance: Laws, Institutions and Politics Tarik M. Yousef Requires Authentication Unlicensed Licensed Download PDF	63
4 Marketing Commodities Does Not Happen on Commodity Markets: The Egyptian Bursat Al-‘Uqud and Oil Futures Markets Ellis Goldberg Requires Authentication Unlicensed Licensed Download PDF	81
5 Financial Performances of Islamic versus Conventional Banks Clement M. Henry Requires Authentication Unlicensed Licensed Download PDF	104
6 Capital Flight through Islamic Managed Funds Rodney Wilson Requires Authentication Unlicensed Licensed Download PDF	129
PART II Case Studies
7 Interest Politics: Islamic Finance in the Sudan, 1977–2001 Endre Stiansen Requires Authentication Unlicensed Licensed Download PDF	155
8 The Kuwait Finance House and the Islamization of Public Life in Kuwait Kristin Smith Requires Authentication Unlicensed Licensed Download PDF	168
9 Jordan: A Case Study of the Relationship between Islamic Finance and Islamist Politics Mohammed Malley Requires Authentication Unlicensed Licensed Download PDF	191
10 The Political Economy of Islamic Finance in Turkey: The Role of Fethullah Gülen and Asya Finans Filiz Baskan Requires Authentication Unlicensed Licensed Download PDF	216
11 Aiyyu Bank Islami? The Marginalization of Tunisia’s BEST Bank Robert P. Parks Requires Authentication Unlicensed Licensed Download PDF	240
12 The Rise and Decline of the Islamic Banking Model in Egypt Samer Soliman Requires Authentication Unlicensed Licensed Download PDF	265
Conclusion Clement M. Henry and Rodney Wilson Requires Authentication Unlicensed Licensed Download PDF	286
Notes on the Contributors Requires Authentication Unlicensed Licensed Download PDF	296
Index Requires Authentication Unlicensed Licensed Download PDF	297

(Deutsch)

Language: English
Publisher: Edinburgh University Press
Audience: College/higher education;
Pages
- Main content: 312
Keywords: Islamic Studies

eBook

Published: February 17, 2004
ISBN: 9781474469081