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Understanding Shari'a Finance

Paperback|Dec 2008
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$24.99

The last 20 years have seen a distinctively Islamic financial system become a major player on the world economic stage. The Islamic view that Islam must control all areas of life has led many Muslims to reject Western financial products...


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The last 20 years have seen a distinctively Islamic financial system become a major player on the world economic stage. The Islamic view that Islam must control all areas of life has led many Muslims to reject Western financial products and institutions, which they believe to be incompatible with shari`a law. They have also generated a wide range of alternative economic tools, initially in the Muslim world but more recently in the West, and have developed an increasingly lucrative international market.

This stimulating and accessible study will interest anyone concerned about the worldwide Islamic resurgence and its possible implications for global finance and politics.
- Publisher.

The last twenty years have seen a distinctively Islamic financial system become a major player on the world economic stage. The Islamic view that Islam must control all areas of life has led many Muslims to reject Western financial products and institutions, which they believe to be incompatible with shari�a law. They have also generated a wide range of alternative economic tools, initially in the Muslim world but more recently in the West, and have developed an increasingly lucrative market.

Patrick Sookhdeo sees this fast-developing shari�a finance as part of the Islamist agenda to subvert and subjugate Western systems under the rule of Islam. In this study he discusses the history and ideas of the movement, the character and spread of the Islamic economy, and the problems and dangers that it may present. In particular he reveals the connections between Islamic finance and radical Islamist groups.

-Publisher

PRODUCT DETAIL

Patrick Sookhdeo

Patrick Sookhdeo is Director of the Institute for the Study of Islam and Christianity, a Christian research institute specializing in the status of Christian minorities in the Muslim world. Dr Sookhdeo is a well known lecturer and author who holds a Ph.D from London Universitys School of Oriental and African Studies and a D.D. from Western Seminary, Oregon, USA. A

  • Introduction, Chapter 1: History And Theology, Chapter 2: The Controversy Over The Meaning Of Riba, Chapter 3: Additional Aspects Of An Islamic Economy, Chapter 4: Muslim Critique Of Islamic Economics, Chapter 5: Islamist Triumph, Chapter 6: Shari'a Finance As Jihad, Chapter 7: Dangers And Vulnerabilities Of Shari'a Finance, Chapter 8: Efforts At Regulating The Shari'a Experts In Islamic Finance Sector, Chapter 9: The Role Of Shari'a Experts In Islamic Finance, Chapter 10: Shari'a Lists For Trading, Chapter 11: Impact Of Shari'a Compliance, Chapter 12: Conclusion, Appendices, Instruments Of Shari'a Finance, Shari'a Finance In Muslim States, Islamic Economics In The West: Manipulating Darura, Shari'a Finance In Some Other Non-muslim States, Shari'a, Further Reading, Endnotes.

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