Islamic Capitalism and Finance: Origins, Evolution and the Future (Studies in Islamic Finance, Accounting and Governance series) - Hardcover

Çizakça, Murat

Hardcover

ISBN 10: 0857931474 ISBN 13: 9780857931474

Publisher: Edward Elgar Publishing, 2011

Synopsis

This illuminating and thought-provoking book questions whether classical Islamic capitalism, which has served Muslims so well for centuries, can provide a viable alternative world economic system. In the current recession - the worst since 1929 - this is surely a provocative question. But if Islamic capitalism is to emerge as a viable alternative, its nature and systems must be well understood.

Murat Cizakca explores key issues within Islamic capitalism and finance, shedding light on whether the Islamic system can indeed be called 'capitalist', the principles on which the system was built, the institutions that were consequently developed, how they function and have evolved, and, perhaps, most importantly, whether they can be modernized to meet today's needs. Against the backdrop of rapid change in the Middle East, this book gives a solid background to the economic systems that will emerge in the world of Islam.

An essential guide to the past, present and future of Islamic economy and finance, this compelling book will prove to be of particular interest to academics and researchers of economics, finance, economic and financial history and political science.

About this title

About the Author:

Murat Cizakca, Professor of Comparative Economic History and Islamic Finance, INCEIF, the Global University of Islamic Finance, Kuala Lumpur, Malaysia

Review:

'It was a humbling experience to read the product of such a remarkable feat of scholarship. It is all at once an exploration in analytic history and a complete text of Islamic finance theory and application. It is also one of the most succinct renditions of evolution of Islamic finance embedded in comprehensive account of particularities of economies as diverse as Malaysia and Turkey. This is a unique contribution to Islamic finance and Islamic economic history. It has been a rewarding learning experience. It is truly a breathtaking effort.' --- Abbas Mirakhor, former IMF Executive Director and the recipient of the Islamic Development Bank Prize in Islamic Economics (2003)

About this edition

• Publisher: Edward Elgar Publishing
• Publication date: 2011
• ISBN 10: 0857931474
• ISBN 13: 9780857931474
• Binding: Hardcover
• Number of pages: 360