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Home > Business and Economics > Economics > Islamic Finance as a Complex System: New Insights
Islamic Finance as a Complex System: New Insights

Islamic Finance as a Complex System: New Insights


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About the Book

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.

Table of Contents:
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

About the Author :
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.

Review :
“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.” “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.”


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Product Details
  • ISBN-13: 9781793608666
  • Publisher: Bloomsbury Publishing PLC
  • Publisher Imprint: Lexington Books
  • Height: 229 mm
  • No of Pages: 226
  • Width: 152 mm
  • ISBN-10: 1793608660
  • Publisher Date: 24 Jul 2020
  • Binding: Digital (delivered electronically)
  • Language: English
  • Sub Title: New Insights


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