Download or read book Islam and Mammon written by Timur Kuran and published by Princeton University Press. This book was released on 2010-12-16 with total page 215 pages. Available in PDF, EPUB and Kindle. Book excerpt: The doctrine of "Islamic economics" entered debates over the social role of Islam in the mid-twentieth century. Since then it has pursued the goal of restructuring economies according to perceived Islamic teachings. Beyond its most visible practical achievement--the establishment of Islamic banks meant to avoid interest--it has promoted Islamic norms of economic behavior and founded redistribution systems modeled after early Islamic fiscal practices. In this bold and timely critique, Timur Kuran argues that the doctrine of Islamic economics is simplistic, incoherent, and largely irrelevant to present economic challenges. Observing that few Muslims take it seriously, he also finds that its practical applications have had no discernible effects on efficiency, growth, or poverty reduction. Why, then, has Islamic economics enjoyed any appeal at all? Kuran's answer is that the real purpose of Islamic economics has not been economic improvement but cultivation of a distinct Islamic identity to resist cultural globalization. The Islamic subeconomies that have sprung up across the Islamic world are commonly viewed as manifestations of Islamic economics. In reality, Kuran demonstrates, they emerged to meet the economic aspirations of socially marginalized groups. The Islamic enterprises that form these subeconomies provide advancement opportunities to the disadvantaged. By enhancing interpersonal trust, they also facilitate intragroup transactions. These findings raise the question of whether there exist links between Islam and economic performance. Exploring these links in relation to the long-unsettled question of why the Islamic world became underdeveloped, Kuran identifies several pertinent social mechanisms, some beneficial to economic development, others harmful.
Download or read book The Long Divergence written by Timur Kuran and published by Princeton University Press. This book was released on 2012-11-11 with total page 422 pages. Available in PDF, EPUB and Kindle. Book excerpt: How religious barriers stalled capitalism in the Middle East In the year 1000, the economy of the Middle East was at least as advanced as that of Europe. But by 1800, the region had fallen dramatically behind—in living standards, technology, and economic institutions. In short, the Middle East had failed to modernize economically as the West surged ahead. What caused this long divergence? And why does the Middle East remain drastically underdeveloped compared to the West? In The Long Divergence, one of the world's leading experts on Islamic economic institutions and the economy of the Middle East provides a new answer to these long-debated questions. Timur Kuran argues that what slowed the economic development of the Middle East was not colonialism or geography, still less Muslim attitudes or some incompatibility between Islam and capitalism. Rather, starting around the tenth century, Islamic legal institutions, which had benefitted the Middle Eastern economy in the early centuries of Islam, began to act as a drag on development by slowing or blocking the emergence of central features of modern economic life—including private capital accumulation, corporations, large-scale production, and impersonal exchange. By the nineteenth century, modern economic institutions began to be transplanted to the Middle East, but its economy has not caught up. And there is no quick fix today. Low trust, rampant corruption, and weak civil societies—all characteristic of the region's economies today and all legacies of its economic history—will take generations to overcome. The Long Divergence opens up a frank and honest debate on a crucial issue that even some of the most ardent secularists in the Muslim world have hesitated to discuss.
Download or read book Muslim Civilization written by M. Umer Chapra and published by Kube Publishing Ltd. This book was released on 2015-07-02 with total page 249 pages. Available in PDF, EPUB and Kindle. Book excerpt: "[This is] a subject of such relevance and importance that one wonders why nobody else dealt with it in book form before."—Dr. Wilfried Hofmann Muslim civilization has experienced a decline during the last five centuries after previously having undergone a long period of prosperity and comprehensive development. This raises a number of questions such as what factors enable Muslims to become successful during the earlier centuries of Islam and what led them to their present weak position. Is Islam responsible for this decline or are there some other factors which come into play? M. Umer Chapra provides an authoritative diagnosis and prescription to reverse this decline. M. Umer Chapra is a research advisor at the Islamic Research and Training Institute of the Islamic Development Bank, Jeddah, and author of The Future of Economics and Islam and the Economic Challenge.
Download or read book The Enchantments of Mammon written by Eugene McCarraher and published by Harvard University Press. This book was released on 2019-11-12 with total page 817 pages. Available in PDF, EPUB and Kindle. Book excerpt: “An extraordinary work of intellectual history as well as a scholarly tour de force, a bracing polemic, and a work of Christian prophecy...McCarraher challenges more than 200 years of post-Enlightenment assumptions about the way we live and work.” —The Observer At least since Max Weber, capitalism has been understood as part of the “disenchantment” of the world, stripping material objects and social relations of their mystery and magic. In this magisterial work, Eugene McCarraher challenges this conventional view. Capitalism, he argues, is full of sacrament, whether one is prepared to acknowledge it or not. First flowering in the fields and factories of England and brought to America by Puritans and evangelicals, whose doctrine made ample room for industry and profit, capitalism has become so thoroughly enmeshed in the fabric of our society that our faith in “the market” has become sacrosanct. Informed by cultural history and theology as well as management theory, The Enchantments of Mammon looks to nineteenth-century Romantics, whose vision of labor combined reason, creativity, and mutual aid, for salvation. In this impassioned challenge to some of our most firmly held assumptions, McCarraher argues that capitalism has hijacked our intrinsic longing for divinity—and urges us to break its hold on our souls. “A majestic achievement...It is a work of great moral and spiritual intelligence, and one that invites contemplation about things we can’t afford not to care about deeply.” —Commonweal “More brilliant, more capacious, and more entertaining, page by page, than his most ardent fans dared hope. The magnitude of his accomplishment—an account of American capitalism as a religion...will stun even skeptical readers.” —Christian Century
Download or read book Islam and the Post Revolutionary State in Iran written by Homa Omid and published by Springer. This book was released on 2016-07-27 with total page 271 pages. Available in PDF, EPUB and Kindle. Book excerpt: '...her short analysis of the Iranian armed forces in the 1980s is first-rate, so too is her much more substantial section on women and the state in Iran...As well as offering useful insights into the workings of the Islamic state in Iran, this readable book also provides a warning of the struggles ahead in many other Muslim societies.' - Anoushiravan Ehteshami, Times Higher Education Supplement ;Islam has been the driving force shaping the ideology and the power base of the Iranian revolution. This volume engages critically with the Islamic perspective and promises offered by the revolution. Looking at the rise of the religious institution as a revolutionary force, the author observes their post-revolutionary policies in the domains of politics, economics, education, the armed forces and women's status. In the event, the volume demonstrates that the Iranian government has failed to deliver on most, if not all, of its Islamic pledges.
Download or read book Islamic Finance written by Mahmoud A. El-Gamal and published by Cambridge University Press. This book was released on 2006-07-03 with total page 239 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides an overview of the practice of Islamic finance and the historical roots that define its modes of operation. The focus of the book is analytical and forward-looking. It shows that Islamic finance exists mainly as a form of rent-seeking legal-arbitrage. In every aspect of finance - from personal loans to investment banking, and from market structure to corporate governance - Islamic finance aims to replicate in Islamic forms the substantive functions of contemporary financial instruments, markets, and institutions. By attempting to replicate the substance of contemporary financial practice using pre-modern contract forms, Islamic finance has arguably failed to serve the objectives of Islamic law. This book proposes refocusing Islamic finance on substance rather than form. This approach would entail abandoning the paradigm of 'Islamization' of every financial practice. It would also entail reorienting the brand-name of Islamic finance to emphasize issues of community banking, micro-finance, and socially responsible investment.
Download or read book Private Truths Public Lies written by Timur Kuran and published by Harvard University Press. This book was released on 1998-06-16 with total page 444 pages. Available in PDF, EPUB and Kindle. Book excerpt: Preference falsification, according to the economist Timur Kuran, is the act of misrepresenting one's wants under perceived social pressures. It happens frequently in everyday life, such as when we tell the host of a dinner party that we are enjoying the food when we actually find it bland. In Private Truths, Public Lies Kuran argues convincingly that the phenomenon not only is ubiquitous but has huge social and political consequences. Drawing on diverse intellectual traditions, including those rooted in economics, psychology, sociology, and political science, Kuran provides a unified theory of how preference falsification shapes collective decisions, orients structural change, sustains social stability, distorts human knowledge, and conceals political possibilities. A common effect of preference falsification is the preservation of widely disliked structures. Another is the conferment of an aura of stability on structures vulnerable to sudden collapse. When the support of a policy, tradition, or regime is largely contrived, a minor event may activate a bandwagon that generates massive yet unanticipated change. In distorting public opinion, preference falsification also corrupts public discourse and, hence, human knowledge. So structures held in place by preference falsification may, if the condition lasts long enough, achieve increasingly genuine acceptance. The book demonstrates how human knowledge and social structures co-evolve in complex and imperfectly predictable ways, without any guarantee of social efficiency. Private Truths, Public Lies uses its theoretical argument to illuminate an array of puzzling social phenomena. They include the unexpected fall of communism, the paucity, until recently, of open opposition to affirmative action in the United States, and the durability of the beliefs that have sustained India's caste system.
Download or read book A Monetary History of the Ottoman Empire written by Sevket Pamuk and published by Cambridge University Press. This book was released on 2000-03-09 with total page 340 pages. Available in PDF, EPUB and Kindle. Book excerpt: An important book on the monetary history of the Ottoman empire by a leading economic historian.
Download or read book The Princeton Encyclopedia of Islamic Political Thought written by Gerhard Bowering and published by Princeton University Press. This book was released on 2013 with total page 704 pages. Available in PDF, EPUB and Kindle. Book excerpt: "In 2012, the year 1433 of the Muslim calendar, the Islamic population throughout the world was estimated at approximately a billion and a half, representing about one-fifth of humanity. In geographical terms, Islam occupies the center of the world, stretching like a big belt across the globe from east to west."--P. vii.
Download or read book Mullahs Merchants and Militants written by Stephen Glain and published by Macmillan. This book was released on 2014-06-10 with total page 388 pages. Available in PDF, EPUB and Kindle. Book excerpt: A thousand years ago, a vast Arab empire stretched from the Asian steppe across the Mediterranean to Spain, pioneering new technologies, sciences, art and culture. Arab traders and Arab currencies dominated the global economy in ways Western multinationals and the dollar do today. A thousand years later, Arab states are in decay. Official corruption and ineptitude have eroded state authority and created a vacuum that militant Islam has rushed to fill. In Mullahs, Merchants, and Militants, Glain takes us on a journey through the heart of what were once the great Islamic caliphates, the countries now known as Lebanon, Syria, Jordan, Israel/Palestine, Iraq and Egypt, to illustrate how a once prosperous and enlightened civilization finds itself at a crossroads between a Dark Age and a New Dawn. As late as a century ago, what we call the Levant was a prosperous trading bloc. By carving the region into proxy states and emirates after the First World War, the Western powers Balkanized and undermined the Levantine economy. That in turn prepared the ground for a regional autocracy that rejected economic openness and religious tolerance, qualities that had made the old Islamic caliphates great. Today the Arab world has opted out of the global economy, with tragic consequences. It is up to the new generation of leaders -- and the Western governments that created the modern Middle East -- to reverse the sclerosis and revive the region.
Download or read book The Exorcist Tradition in Islam written by Abu Ameenah Bilaal Philips and published by . This book was released on 2007 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Counting Islam written by Tarek Masoud and published by Cambridge University Press. This book was released on 2014-04-28 with total page 275 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why does Islam seem to dominate Egyptian politics, especially when the country's endemic poverty and deep economic inequality would seem to render it promising terrain for a politics of radical redistribution rather than one of religious conservativism? This book argues that the answer lies not in the political unsophistication of voters, the subordination of economic interests to spiritual ones, or the ineptitude of secular and leftist politicians, but in organizational and social factors that shape the opportunities of parties in authoritarian and democratizing systems to reach potential voters. Tracing the performance of Islamists and their rivals in Egyptian elections over the course of almost forty years, this book not only explains why Islamists win elections, but illuminates the possibilities for the emergence in Egypt of the kind of political pluralism that is at the heart of what we expect from democracy.
Download or read book Meeting Globalization s Challenges written by Luís Catão and published by Princeton University Press. This book was released on 2019-11-05 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: "In the US, in Europe, and throughout the world, globalization, in tandem with technological progress, has left a massive number of people behind, feeling dispossessed, disenfranchised, and angry. Leading the charge of "hyperglobalization" during the second half of the last century, and enforcing the Western framework of austerity in the developing world has been the International Monetary Fund. Along with the World Bank and WTO, many consider the IMF one of the most consequential institutions to have pushed the world economy blindly towards excessive globalization, while not adequately considering its powerful negative consequences. In October 2017, however, the IMF convened with some of the world's most celebrated economists and experts on trade and globalization to have an honest discussion on the most pressing concerns the world faces today as a result of globalization, and how to address the extensive challenges it has created. Edited by chief economist Maurice Obstfeld and senior economist Luis Catao of the IMF, the book brings together a team of respected senior economists with the most promising younger scholars to address five major themes: how globalization affects economic growth and social welfare; potential political implications of an honest discussion of globalization, and that "free trade may not be politically viable"; free trade's role in global inequality; how workers adjust or not when they're dislocated by globalization; and how trade policy influences the way countries develop their economies and societies. The book could represent a historic milestone at which the world's top economists and policymakers have an unprecedented, honest debate about the real costs and consequences of globalization"--
Download or read book New Religiosities Modern Capitalism and Moral Complexities in Southeast Asia written by Juliette Koning and published by Springer. This book was released on 2017-01-05 with total page 299 pages. Available in PDF, EPUB and Kindle. Book excerpt: As Southeast Asia experiences unprecedented economic modernization, religious and moral practices are being challenged as never before. From Thai casinos to Singaporean megachurches, from the practitioners of Islamic Finance in Jakarta to Pentecostal Christians in rural Cambodia, this volume discusses the moral complexities that arise when religious and economic developments converge. In the past few decades, Southeast Asia has seen growing religious pluralism and antagonisms as well as the penetration of a market economy and economic liberalism. Providing a multidisciplinary, cross-regional snapshot of a region in the midst of profound change, this text is a key read for scholars of religion, economists, non-governmental organization workers, and think-tankers across the region.
Download or read book Islam the Straight Path written by Kenneth W. Morgan and published by Motilal Banarsidass Publ.. This book was released on 1987 with total page 476 pages. Available in PDF, EPUB and Kindle. Book excerpt: Islam--the Straight Path is a concise presentation of the history and spread of Islam and of the beliefs and obligations of Muslims as interpreted by some outstanding Muslim scholars of our time from Turkey, Egypt, Syria, Lebanon, Iraq, Iran, Pakistan, Indonesia, and China. The essays present a vivid picture of this faith which exerts tremendous influence on its votaries and has found its home from Morocco to Indonesia and China. The work is a portrayal of Islam as it is, with chapters devoted to subjects such as The Origin of Islam, Ideas and Movements in Islamic History, Islamic Beliefs and Code of Laws, The Rational and Mystical Interpretations of Islam, Shi'a, Islamic Culture in Arab and African Countries, Islamic Culture in Turkish Areas, Muslim Culture in Pakistan and India, Islamic Culture in China, Islam in Indonesia, and, Unity in Diversity in Islam. Each chapter epitomizes a subject which could scarcely be covered adequately in a whole book .
Download or read book Islamic Finance and Global Capitalism written by James Simon Watkins and published by Springer Nature. This book was released on 2020-11-23 with total page 533 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines whether Islamic finance and Islamic economics is challenging the orthodoxy of the money markets. Can ethical finance combined with the prohibition on interest and speculation really work in the global economy? With a political economy approach, the book explores how the industry has grown in modern times – from a short-lived bank in an Egyptian city in the 1960s through to a global industry that is today valued at US$2.05 trillion. From the revelation as articulated by the Prophet Muhammed in the seventh century through to the gleaming 21st century skyscrapers of Dubai and Kuala Lumpur, the book covers the end of European colonialism, the controversial utterances of self-styled religious leaders, the impact of Islamophobia, and the efforts to end poverty through Islamic microfinance. The book uncovers an industry that is both profitable and changing the face of contemporary capitalism.
Download or read book Hij b written by Pepe Hendricks and published by African Minds. This book was released on 2009 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: Hijab: Unveiling Queer Muslim Lives is the first known collection of South African Muslim stories relating to Islam and sexual diversity. This anthology shares real-life stories of people that have struggled, or may still be struggling, to reconcile their spirituality and their sexuality. These are stories that illustrate the oneness of being and reflect on how some interpretations of the scriptures may alienate others. Although the collection focuses predominantly on Muslim stories, it is universal in its approach in dealing with spirituality rather than religion. The stories are all biographies, or autobiographies, and the writing process was a therapeutic one for the authors of these powerful stories. Hopefully they will provide strength and courage to others in similar situations, not so much through a deeper understanding of those who share their stories in this collection, but rather through a process of identification with the circumstances related by these courageous story-tellers.
