
Islamic Finance as a Complex System
New Insights
Lexington Books (Publisher)
Published on 24. July 2020
Book
Hardback
226 pages
978-1-7936-0865-9 (ISBN)
Description
There has been a rapid increase in the interest in the study of Islamic finance, resulting in a dramatic rise in financing since the beginning of the century. By the end of 2017 global industry assets had reached $2.4 trillion and were forecasted to reach $3.2 trillion by 2020, despite historic challenges to Islam itself at the same time. This collection of chapters provides key theoretical, empirical, and policy insights into Islamic finance from an overall complex financial and economic systems perspective. Within the complex financial and economic systems framework, this book addresses questions such as how to conceptualize Islamic financial institutions in a nonlinear general equilibrium system, how to promote Islamic Finance in Africa, how "Islamic" is Islamic finance, and how it affects price stability, among other topics. The book provides case studies in Africa and Asia, addresses the subject in a structural financial CGE model, demonstrates the development impact of Islamic finance, and presents an Islamic version of the Iceland Plan for Monetary Reform.
Reviews / Votes
"By demonstrating through rigorous analysis the links between Islamic Finance and infrastructural development together with its contribution to domestic price stability by means of concrete country case studies across Continents, this book has confirmed Islamic Finance as an integral part of the Global Financial System. The relevance of Islamic Banking to people's well-being across both Muslim and non-Muslim societies revealed by the book should help counter both radical Islamic extremists as well as Islamophobia by promoting inter-faith harmony. Finally, while the book simplifies the complexities of the concept and operation of the Islamic Banking principles, the findings will doubtless win the confidence of academics by the sophisticated quantitative statistical tools and methodology applied to arrive at its conclusions." -- Iftikhar Ahmed, former Editor-in-Chief of the International Labour Review "Islamic Finance as a Complex System: New Insights provides insightful responses to topical questions in Islamic finance that the practitioners, scholars, researchers, and students of Islamic finance will find refreshing and relevant." -- Azahari Jamaludin, Geomatika University CollegeMore details
Language
English
Place of publication
United States
Publishing group
Bloomsbury Publishing Plc
Target group
Professional and scholarly
Illustrations
41 b/w illustrations;19 tables; 1 textboxes;
Dimensions
Height: 235 mm
Width: 157 mm
Thickness: 17 mm
Weight
487 gr
ISBN-13
978-1-7936-0865-9 (9781793608659)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Other editions
Additional editions

E-Book
07/2020
1st Edition
Lexington Books
€94.99
Available for download

E-Book
07/2020
1st Edition
Bloomsbury eBooks US
€94.99
Available for download
Persons
Haider Ali Khan is John Evans Distinguished University Professor at the Joseph Korbel School of International Studies at the University of Denver.
Karamo N.M. Sonko is Chairman and Founder, Heeno International.
Karamo N.M. Sonko is Chairman and Founder, Heeno International.
Editor
Contributions
Foreword
Content
Foreword
M. Kabir Hassan
Chapter1 :Introduction
Haider A. Khan and Karamo N.M. Sonko
Chapter 2: Islamic Banking in General Equilibrium: A Structural CGE Model for Policy Making within a Complex Socio-economic System
Haider A. Khan
Chapter 3: Promoting Islamic Finance in Africa: Top Bottom or Bottom Up? A Case Study of Banking in The Gambia
Karamo N.M. Sonko and Mariama Sonko
Chapter 4: Making Islamic Finance "Islamic": Authenticity in Islamic Banking and Finance Institutions
Sarah A. Tobin
Chapter 5: Does Islamic Banking Favour Price Stability? Empirical Evidence from the GCC, Iran and Sudan
Tamsir Cham
Chapter 6: The Sukuk Industry in Malaysia
Nursilah Ahmad
Chapter 7: Islamic Finance as a Contributor to Development Finance: Some Views from the World Bank Group
Ousmane Diagana
Chapter 8:Islamic Banking after Financial Crises: A Version of the Iceland Plan for Monetary
Reform
Asad Zaman
M. Kabir Hassan
Chapter1 :Introduction
Haider A. Khan and Karamo N.M. Sonko
Chapter 2: Islamic Banking in General Equilibrium: A Structural CGE Model for Policy Making within a Complex Socio-economic System
Haider A. Khan
Chapter 3: Promoting Islamic Finance in Africa: Top Bottom or Bottom Up? A Case Study of Banking in The Gambia
Karamo N.M. Sonko and Mariama Sonko
Chapter 4: Making Islamic Finance "Islamic": Authenticity in Islamic Banking and Finance Institutions
Sarah A. Tobin
Chapter 5: Does Islamic Banking Favour Price Stability? Empirical Evidence from the GCC, Iran and Sudan
Tamsir Cham
Chapter 6: The Sukuk Industry in Malaysia
Nursilah Ahmad
Chapter 7: Islamic Finance as a Contributor to Development Finance: Some Views from the World Bank Group
Ousmane Diagana
Chapter 8:Islamic Banking after Financial Crises: A Version of the Iceland Plan for Monetary
Reform
Asad Zaman