Islamic Capitalism And Finance
Origins, Evolution and the Future
Murat Çizakça, Professor of Islamic Finance, Comparative Economic and Financial History, INCEIF University, Kuala Lumpur, Malaysia
Hardback £96.00 on-line price £86.40
Paperback £44.00 on-line price £35.20
Series: Studies in Islamic Finance, Accounting and Governance series
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.
Contents: Foreword Introduction Part I: Value Systems Behind Institutions 1. Two Approaches to Islamic Economics and Finance 2. Basic Principles of Islamic Capitalism Part II: Historical Institutions of Private Enterprise: Capital Accumulation 3. Financing the Entrepreneur: The Medieval Islamic Business Partnerships 4. Evolution of Medieval Islamic Business Partnerships in the Islamic World and the West 5. Commerce and Commercial Institutions Part III: Historical Institutions of Capital Redistribution and Public Finance 6. Obligatory Redistribution of Wealth: Taxation and Institutions of Tax Collection, the Origins of Modern Sukuk 7. Voluntary Redistribution of Wealth (The Waqf) Part IV: Islamic Capitalism and Finance Today 8. Waqfs of Stocks 9. The Birth and Evolution of Modern Islamic Banking 10. Borrowing from the Public: Sukuk 11. Takaful (Islamic Insurance) 12. The Lembaga Urusan Dan Tabung Haji: Financing the Modern Pilgrimage Part V: Future of Islamic Capitalism and Finance 13. The Islamic Gold Dinar 14. Maqasid Al-Shari’ah and Islamic Banking 15. Venture Capital 16. Democracy and the Modern Islamic Capitalism Bibliography Index