The Politics Of Islamic Finance by Clement HenryThe Politics Of Islamic Finance by Clement Henry

The Politics Of Islamic Finance

EditorClement Henry, Rodney Wilson

Paperback | February 16, 2004

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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 MonetaryFund 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 connectionbetween 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 aseconomic 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.
Clement Henry is Professor of Government at the University of Texas at Austin. Rodney Wilson is Founder of the Islamic Finance Programme at the Durham University.
Title:The Politics Of Islamic FinanceFormat:PaperbackDimensions:312 pages, 9.21 × 6.14 × 0.98 inPublished:February 16, 2004Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0748618376

ISBN - 13:9780748618378


Table of Contents

Table of ContentsIntroductionClement Henry and Rodney WilsonPart I - Thematic Essays 1. Islamic Banks: The Rise of A New Power Alliance of Wealth and Shari'ah Scholarship, by Monzer Kahf2. Global Politics, Islamic Finance and Islamist Politics Before and After September 11, 2001, by Ibrahim Warde3. The Murabaha Syndrome in Islamic Finance: Laws, Institutions and Politics, by Tarik Yousef4. Marketing Commodities Does Not Happen on Commodity Markets: The Egyptian Bursat al-'Uqud and Oil Futures Markets, by Ellis Goldberg5. Financial Performances of Islamic versus Conventional Banks, by Clement Henry6. Capital Flight through Islamic Managed Funds, by Rodney WilsonPart II - Case Studies 7. Interest Politics: Islamic Finance in the Sudan 1977-2001, by Endre Stiansen8. The Kuwait Finance House and the Islamization of Public Life in Kuwait, by Kristin Smith9. Jordan: A Case Study of the Relationship between Islamic Finance and Islamist Politics, by Mohammed Malley10. The Political Economy of Islamic Finance in Turkey: The Role of Fethullah Gulen and Asya Finans, by Filiz Baskan11. Aiyyu Bank Islami? The Marginalization of Tunisia's BEST Bank, by Robert Parks12. The Rise and Decline of the Islamic Banking Model in Egypt, by Samir SolimanConclusion

Editorial Reviews

They are the leading experts on the political economy of Islamic banking, and the book will attract the interest of all who wish to understand this phenomenon.