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Islam And Capitalism
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Book Synopsis Islam and Capitalism by : Maxime Rodinson
Download or read book Islam and Capitalism written by Maxime Rodinson and published by Saqi Books. This book was released on 2007-04-04 with total page 332 pages. Available in PDF, EPUB and Kindle. Book excerpt: Presents a rebuttal of the cultural reductionism of Max Weber and others who have tried to explain the politics and society of the Middle East by reference to some unchanging entity called 'Islam,' typically characterised as instinctively hostile to capitalism. This work looks at the facts, analysing economic texts with his customary common sense.
Book Synopsis Early Islam and the Birth of Capitalism by : Benedikt Koehler
Download or read book Early Islam and the Birth of Capitalism written by Benedikt Koehler and published by Lexington Books. This book was released on 2014-06-17 with total page 239 pages. Available in PDF, EPUB and Kindle. Book excerpt: Early Islam and the Birth of Capitalism proposes a strikingly original thesis—that capitalism first emerged in Arabia, not in late medieval Italian city states as is commonly assumed. Early Islam made a seminal but largely unrecognized contribution to the history of economic thought; it is the only religion founded by an entrepreneur. Descending from an elite dynasty of religious, civil, and commercial leaders, Muhammad was a successful businessman before founding Islam. As such, the new religion had much to say on trade, consumer protection, business ethics, and property. As Islam rapidly spread across the region so did the economic teachings of early Islam, which eventually made their way to Europe. Early Islam and the Birth of Capitalism demonstrates how Islamic institutions and business practices were adopted and adapted in Venice and Genoa. These financial innovations include the invention of the corporation, business management techniques, commercial arithmetic, and monetary reform. There were other Islamic institutions assimilated in Europe: charities, the waqf, inspired trusts, and institutions of higher learning; the madrasas were models for the oldest colleges of Oxford and Cambridge. As such, it can be rightfully said that these essential aspects of capitalist thought all have Islamic roots.
Book Synopsis Islamic Roots of Capitalism by : Peter Gran
Download or read book Islamic Roots of Capitalism written by Peter Gran and published by Syracuse University Press. This book was released on 1998-07-01 with total page 340 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paperback edition has an updated first chapter, resituating its main argument for today’s readers. New historical data on eighteenth- and nineteenth-century Egypt makes an extremely persuasive argument for the eighteenth-century roots of Egyptian modernity. The similarity, too, of Egyptian history with other Mediterranean countries is much more clearly demonstrated today than when Islamic Roots of Capitalism first was published.
Book Synopsis Islamic Capitalism and Finance by : Murat Çizakça
Download or read book Islamic Capitalism and Finance written by Murat Çizakça and published by Edward Elgar Publishing. This book was released on 2011-01-01 with total page 361 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'It was a humbling experience to read the product of such a remarkable feat of scholarship. It is all at once an exploration in analytic history and a complete text of Islamic finance theory and application. It is also one of the most succinct renditions of the evolution of Islamic finance embedded in a comprehensive account of the particularities of economies as diverse as Malaysia and Turkey. This is a unique contribution to Islamic finance and Islamic economic history. It has been a rewarding learning experience. It is truly a breathtaking effort.' – Abbas Mirakhor, former IMF Executive Director and the recipient of the Islamic Development Bank Prize in Islamic Economics (2003) 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. Murat Çizakça explores key issues within Islamic capitalism and finance, shedding light on whether the Islamic system can indeed be called 'capitalist', the principles on which the system was built, the institutions that were consequently developed, how they function and have evolved, and, perhaps, most importantly, whether they can be modernized to meet today's needs. Against the backdrop of rapid change in the Middle East, this book gives a solid background to the economic systems that will emerge in the world of Islam. An essential guide to the past, present and future of Islamic economy and finance, this compelling book will prove to be of particular interest to academics and researchers of economics, finance, economic and financial history and political science.
Book Synopsis Fall of Capitalism and Rise of Islam by : Mohammad Malkawi
Download or read book Fall of Capitalism and Rise of Islam written by Mohammad Malkawi and published by Xlibris Corporation. This book was released on 2010-04-22 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Fall of Capitalism and the Rise of Islam provides a critical analysis of the current financial crisis in the US and the world at large. It concludes that the current crisis could very well be a sign of failure of the underlying system of capitalism. The book shows that the system of capitalism contains serious faults and defects at the core theory level. Economic and financial crisis periodically occur whenever these defects are triggered by various conditions and political decisions during the life of capitalism. The collapse of financial institutions, the crash of the housing market, the evaporation of trillions of dollars, the creation of virtual unreal wealth, and the decline of productivity are symptoms of the potential failure of the ideology of capitalism. This failure has serious impact on the life quality of billions of people around the world who suffer from poverty, hunger, health insecurity, lack of education, and serious inhuman conditions. The world order under capitalism witnessed multiple world wars, political and economic instability, colonialism, absence of peace, deprivation of justice and polarization of wealth and power. This book predicts a potential crash and collapse of the world order under the pressure of a failing capitalism. Concurrent to the decline and potential collapse of capitalism, the book makes an account of another global phenomenon, namely the second rise of Islam. The rise of Islam, similar to the first one that lasted for thirteen hundred years, is a comprehensive rise that brings up the economic system together with the political system, and the moral system together with the legal system. It is much needed and sought to introduce to the world a system full of justice, fairness, and geared toward productivity and human righteousness. The new rise of Islam is argued to be in the best interest of the human societies around the world, and that the propagated fear of this rise is unfounded. The book provides a detailed description of the economic system and the political economy of Islam. It provides compelling evidence that the Islamic political economy characterized by sustained productivity and wealth distribution guarantees the satisfaction of the basic needs of a human. The Islamic political economy integrates several mechanisms for natural distribution of wealth, while it maintains a high level of productivity through the inhibition of usury, hoarding, and exploitation. The Fall of Capitalism and the Rise of Islam makes extensive references to a score of historians, scholars, and scientists who provide a fair testimony of the Islamic civilization and the ideology of Islam.
Book Synopsis Islam and the Moral Economy by : Charles Tripp
Download or read book Islam and the Moral Economy written by Charles Tripp and published by Cambridge University Press. This book was released on 2006-07-20 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: How do modern Muslims adapt their traditions to engage with today's world? Charles Tripp's erudite and incisive book considers one of the most significant challenges faced by Muslims over the last sixty years: the challenge of capitalism. By reference to the works of noted Muslim scholars, the author shows how, faced by this challenge, these intellectuals devised a range of strategies which have enabled Muslims to remain true to their faith, whilst engaging effectively with a world not of their own making. The work is framed around the development of their ideas on Islamic socialism, economics and the rationale for Islamic banking. While some Muslims have resorted to confrontation or insularity to cope with the challenges of modernity, most have aspired to innovation and ingenuity in the search for compromise and interaction with global capitalism in the twenty-first century.
Book Synopsis Forces of Fortune by : Seyyed Vali Reza Nasr
Download or read book Forces of Fortune written by Seyyed Vali Reza Nasr and published by Simon and Schuster. This book was released on 2009-09-15 with total page 322 pages. Available in PDF, EPUB and Kindle. Book excerpt: Leading authority on the Islamic world and influential advisor to the Obama administration Vali Nasr shows that the West's best hope of winning the battle against Islamic extremists is to foster the growth of a vibrant new Muslim middle class. This flourishing of Muslim bourgeoisie is reshaping the mind-set, politics, and even the religious values of Muslims in much the same way the Western bourgeoisie lead the capitalist and democratic revolution in Europe. Whereas extremism has grown out of the dismal economic failures of the authoritarian Islamic regimes, Nasr explains, the wealth and aspirations of this Islamic "critical middle" put them squarely at odds with extremism. They have ushered in remarkable transformations already in Dubai, Turkey, and Indonesia, and they are the key to tipping the balance in both Iran and Pakistan. As he writes "the great battle for the soul of the Muslim world will be fought not over religion but over market capitalism."
Download or read book Passive Revolution written by Cihan Tuğal and published by Stanford University Press. This book was released on 2009-04-10 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the last decade, pious Muslims all over the world have gone through contradictory transformations. Though public attention commonly rests on the turn toward violence, this book's stories of transformation to "moderate Islam" in a previously radical district in Istanbul exemplify another experience. In a shift away from distrust of the state to partial secularization, Islamists in Turkey transitioned through a process of absorption into existing power structures. With rich descriptions of life in the district of Sultanbeyli, this unique work investigates how religious activists organized, how authorities defeated them, and how the emergent pro-state Justice and Development Party incorporated them. As Tuğal reveals, the absorption of a radical movement was not simply the foregone conclusion of an inevitable world-historical trend but an outcome of contingent struggles. With a closing comparative look at Egypt and Iran, the book situates the Turkish case in a broad historical context and discusses why Islamic politics have not been similarly integrated into secular capitalism elsewhere.
Book Synopsis Charlemagne, Muhammad, and the Arab Roots of Capitalism by : Gene William Heck
Download or read book Charlemagne, Muhammad, and the Arab Roots of Capitalism written by Gene William Heck and published by Walter de Gruyter. This book was released on 2008-08-22 with total page 397 pages. Available in PDF, EPUB and Kindle. Book excerpt: Presented in six principal analytic chapters with supporting appendices, this book explores the role of Islam in precipitating Europe’s twelfth century commercial renaissance. Employing the classic analytic techniques of economics, Gene Heck determines that medieval Europe’s feudal interregnum was largely caused by indigenous governmental business regulation and not by shifts in international trade patterns. He then proceeds by demonstrating how Islamic economic precepts provided the ideological rationales that empowered medieval Europe to escape its three-centuries-long experiment in “Dark Age economics” ― in the process, providing the West with its archetypic tools of capitalism. While treatises such as Maxime Rodinson’s excellent book, Islam and Capitalism, document the capitalistic nature of the Islamic economic system, in applying modern economic method to medieval orientalist historiography, this work is unique in capturing both the evolution and the impact of the system’s role in forging medieval history.
Book Synopsis Markets of Civilization by : Muriam Haleh Davis
Download or read book Markets of Civilization written by Muriam Haleh Davis and published by Duke University Press. This book was released on 2022-08-08 with total page 190 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Markets of Civilization Muriam Haleh Davis provides a history of racial capitalism, showing how Islam became a racial category that shaped economic development in colonial and postcolonial Algeria. French officials in Paris and Algiers introduced what Davis terms “a racial regime of religion” that subjected Algerian Muslims to discriminatory political and economic structures. These experts believed that introducing a market economy would modernize society and discourage anticolonial nationalism. Planners, politicians, and economists implemented reforms that both sought to transform Algerians into modern economic subjects and drew on racial assumptions despite the formally color-blind policies of the French state. Following independence, convictions about the inherent link between religious beliefs and economic behavior continued to influence development policies. Algerian president Ahmed Ben Bella embraced a specifically Algerian socialism founded on Islamic principles, while French technocrats saw Algeria as a testing ground for development projects elsewhere in the Global South. Highlighting the entanglements of race and religion, Davis demonstrates that economic orthodoxies helped fashion understandings of national identity on both sides of the Mediterranean during decolonization.
Book Synopsis Understanding the Qur'an Today by : Mahmoud Hussein
Download or read book Understanding the Qur'an Today written by Mahmoud Hussein and published by Saqi. This book was released on 2013-03-11 with total page 102 pages. Available in PDF, EPUB and Kindle. Book excerpt: The prevailing belief among Muslims is that, because the Qur'an is the Word of God and God is eternal, it follows that His Word is also eternal. The belief is based on the postulate that the Word of God must be of the same nature as God Himself. Mahmoud Hussein refutes this by showing that it contradicts the very teachings of the Qur'an. Whereas God transcends time, His Word is inscribed within time. It is not a monologue, but a living exchange, through which God reveals to His Prophet different orders of truth, weaving together the absolute and the relative, the general and the particular, the eternal and the contingent. An international bestseller, Understanding the Qur'an today offers a new perspective on one of the world's most influential texts and adds an invaluable contribution to the debate on Islam and modernity.
Book Synopsis A Muslim's Reflections on Democratic Capitalism by : Muhammad Abdul-Rauf
Download or read book A Muslim's Reflections on Democratic Capitalism written by Muhammad Abdul-Rauf and published by A E I Press. This book was released on 1984 with total page 92 pages. Available in PDF, EPUB and Kindle. Book excerpt: Essay comparing traditional Islamic economics and ethics with the Judeo-Christian value systems of capitalism - covers attitudes to labour productivity, domestic consumption, civil rights, etc. References.
Book Synopsis Max Weber and Islam by : Wolfgang Schluchter
Download or read book Max Weber and Islam written by Wolfgang Schluchter and published by Routledge. This book was released on 2019-01-22 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt: Max Weber and Islam is a major effort by Islamic-studies specialists to reexamine and appraise Max Weber's perspectives on Islam and its historical development. Eight specialists on Islam and two sociologists explore many dimensions of Weber's comments on Islam, along with Weber's conceptual framework. The volume's introduction links the discussions to contemporary issues and debates. Wolfgang Schluchter reconstructs Weber's conceptual apparatus as it applies to Islam and its historical development. In subsequent chapters, Islamic specialists consider such major topics as the developmental history of Islam, Islamic fundamentalism, Islamic reform, Islamic law and capitalism, secularization in Islam, as well as the value of attempting to apply Weber's concept of sects to Islam. While some authors find flaws in Weber's factual knowledge of Islam, they also find considerable merit in the kinds of questions Weber raised. Contributors to the volume include highly respected contemporary international scholars of Islam: Ira Lapidus, Nehemia Levtzion, Richard M. Eaton, Peter Hardy, Rudolph Peters, Barbara Metcalf, Francis Robinson, Patricia Crone, Michael Cook, and S.N. Eisenstadt. Toby Huff's introduction not only knits the thematics of the separate essays together but adds its own stresses while engaging the contributors in dialogue and debate about fundamental issues. This acute collective analysis establishes a new benchmark for understanding Weber and Islam. This book also provides an up-to-date overview of the developmental history of many aspects of Islam. A major reappraisal of the entire span of Max Weber's sociological thought on Islam, this book will appeal to a wide range of scholars and laymen interested in the Islamic world. It will be of particular interest to sociologists specializing in religion and Middle East area specialists.
Book Synopsis Corporate Islam by : Patricia Sloane-White
Download or read book Corporate Islam written by Patricia Sloane-White and published by Cambridge University Press. This book was released on 2017-03-30 with total page 249 pages. Available in PDF, EPUB and Kindle. Book excerpt: Compelling and original, this book offers a unique insight into the modern Islamic corporation, revealing how power, relationships, individual identities, gender roles, and practices - and often massive financial resources - are mobilized on behalf of Islam. Focusing on Muslims in Malaysia, Patricia Sloane-White argues that sharia principles in the region's Islamic economy produce a version of Islam that is increasingly conservative, financially and fiscally powerful, and committed to social control over Muslim and non-Muslim public and private lives. Packed with fascinating details, the book is essential reading for anyone with an interest in Islamic politics and culture in modern life.
Book Synopsis Spiritual Economies by : Daromir Rudnyckyj
Download or read book Spiritual Economies written by Daromir Rudnyckyj and published by Cornell University Press. This book was released on 2011-08-15 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Europe and North America Muslims are often represented in conflict with modernity—but what could be more modern than motivational programs that represent Islamic practice as conducive to business success and personal growth? Daromir Rudnyckyj's innovative and surprising book challenges widespread assumptions about contemporary Islam by showing how moderate Muslims in Southeast Asia are reinterpreting Islam not to reject modernity but to create a "spiritual economy" consisting of practices conducive to globalization. Drawing on more than two years of research in Indonesia, most of which took place at state-owned Krakatau Steel, Rudnyckyj shows how self-styled "spiritual reformers" seek to enhance the Islamic piety of workers across Southeast Asia and beyond. Deploying vivid description and a keen ethnographic sensibility, Rudnyckyj depicts a program called Emotional and Spiritual Quotient (ESQ) training that reconfigures Islamic practice and history to make the religion compatible with principles for corporate success found in Euro-American management texts, self-help manuals, and life-coaching sessions. The prophet Muhammad is represented as a model for a corporate CEO and the five pillars of Islam as directives for self-discipline, personal responsibility, and achieving "win-win" solutions. Spiritual Economies reveals how capitalism and religion are converging in Indonesia and other parts of the developing and developed world. Rudnyckyj offers an alternative to the commonly held view that religious practice serves as a refuge from or means of resistance against modernization and neoliberalism. Moreover, his innovative approach charts new avenues for future research on globalization, religion, and the predicaments of modern life.
Download or read book Islamic Globalization written by and published by World Scientific. This book was released on 2013 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: Islamic Globalization examines the Muslim world''s growing importance in creating a more inclusive international system that is increasingly multipolar and multicultural. The author describes an emerging pattern of Islamic globalization as a series of transformations in four interrelated areas OCo pilgrimage and religious travel, capitalism and Islamic finance, democracy and Islamic modernism, and diplomacy and great power politics. The book integrates the disciplines of religion, politics, economics, law, and international relations highlighting developments in the Middle East, South Asia, Southeast Asia, and Africa. It provides new insights into the rapidly growing ties between China and the Islamic world, exploring their likely impact on the balance of power in Eurasia and beyond.
Book Synopsis Ideal Islamic Economy by : Abbas Mirakhor
Download or read book Ideal Islamic Economy written by Abbas Mirakhor and published by Springer. This book was released on 2017-08-11 with total page 266 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides an introduction to the vision of an economic system based completely on the Holy Qur’an—a system defined as a collection of institutions, representing rules of behavior, prescribed by Allah for humans, and the traditions of the Messenger. The authors argue that the main reason for the economic underperformance of Muslim countries and their economies has been non-compliance with the prescribed rules of behavior. Rule non-compliance has been chiefly due to the failure of Muslims to comprehend the Metaframework of the Qur’an and the Archetype Model of the Prophet Mohammad and interpret them in ways compatible with their own generation and time. Askari and Mirakhor believe these rules (institutions), properly adapted to prevailing conditions present what they consider as an ideal economic system.
