Overview
- Focuses on the challenge that Islamic finance poses to traditional finance
- Juxtaposes Islamic finance with traditional finance orthodoxies
- Furthers current public policy debates regarding the efficacy of the market economy as a consequence of the repercussions from the 2008 financial crisis
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Table of contents (12 chapters)
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Front Matter
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Back Matter
Keywords
About this book
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.
Authors and Affiliations
About the author
James Simon Watkins is a Lecturer at Regent’s University London, UK. He was the Political Adviser at the Embassy of Japan in London and he has worked in the UK Houses of Parliament. He was the Chief Executive of a business group and was a UK Labour Party candidate for the 2014 European Parliament election.
Bibliographic Information
Book Title: Islamic Finance and Global Capitalism
Book Subtitle: An Alternative to the Market Economy
Authors: James Simon Watkins
DOI: https://doi.org/10.1007/978-3-030-59840-2
Publisher: Palgrave Macmillan Cham
eBook Packages: Economics and Finance, Economics and Finance (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2020
Hardcover ISBN: 978-3-030-59839-6Published: 24 November 2020
Softcover ISBN: 978-3-030-59842-6Published: 24 November 2021
eBook ISBN: 978-3-030-59840-2Published: 23 November 2020
Edition Number: 1
Number of Pages: XIX, 524
Number of Illustrations: 1 b/w illustrations, 11 illustrations in colour
Topics: Islamic Finance