Wealth inequality has been not only rising at unsustainable pace but also dissociated from income inequality because of the fact that wealth is increasing without concomitant increase in savings and productive capital. Compelling evidence indicates that capital gains and other economic rents are mainly responsible for wealth inequality and its divergence from income inequality. The main argument of the book is that interest-based debt contracts are one of the drivers of wealth inequality through creating disproportional economic rents for the asset-rich. The book also introduces the idea of risk-sharing asset-based redistribution, which is a novel and viable policy proposal, as an effective redistribution tool to address the wealth inequality problem. Furthermore, a large-scale stock-flow consistent macroeconomic model, which is step by step constructed in the book, sheds light on the formation of wealth inequality in a debt-based economy and on the prospective benefits of implementing risk-sharing asset-based redistribution policy tools compared to traditional redistribution policy options. The research presented in this book is novel in many respects and first of its kind in the Islamic economics and finance literature.

Muslim Secular Democracy: Voices From Within provides an expansive understanding of secularism in the Muslim World by exploring different trajectories and varieties of secularism, from the failed authoritarian secular state of Pahlavi Iran and the ambiguous secularism in Malaysia to democratizing passive secularism in Indonesia and shifts towards passive secularism under the AKP government in Turkey. Where the bulk of academic literature on democratization in the Muslim World focuses on the Arab World, this volume fills a gap by developing an integrated Muslim World perspective; together, the country case-studies provide multiple lenses through which to appreciate the socio-political shifts that have resulted in different democratic transitions, supported by varied discourses and propelled by diverse combinations of political, social, and religious actors. In the early twenty-first century, passive secularism increasingly aligns itself with mainstream Muslim aspirations for forms of wasatiyyah democracy and governance based on popular sovereignty and citizenship rights and for the incorporation of the sacred within the political framework of the inclusive secular state. The contributions to this volume examine the ways by which Muslim wasatiyyah democracy has been advanced by progressive Islamic Muslim discourses and movements grounded in the principles of equity and social justice.

James Hadfield-Hyde clearly and concisely illustrates the innumerable problems Islam faces within itself, without overburdening the reader with scriptural arguments. The book is aimed at enlightening those outside of the faith, as to the chronology of historical facts which has led us to the problems we face today. There is an element within Islam which has openly declared war on the world; it preaches an apocalyptic and homicidal interpretation of their faith. This is an entirely new kind of warfare, and we must alter our strategy to defeat it, accordingly. Jihadism cannot be defeated merely by containment, but firstly, by the removal of political correctness. Hadfield-Hyde stresses the importance of 'knowing thine enemy' and all his reasons for being so. Many Muslims seek a modern, and more tolerant 'Reformation,' but fear for the consequences if they speak out. It is to them that we must turn; there is hope for a peaceful coexistence only as long as we are all free to speak the truth.

This book provides an introductory theoretical foundation of the ethics embedded in Islamic economics and finance, and it shows how this ethical framework could pave the way to economic and social justice. It demonstrates how Islamic finance-a risk-sharing and asset-backed finance-has embedded universal values, ethical rules, and virtues, and how these qualities may be applied to a supposedly value-neutral social science to influence policy-making. This book argues that ethical and responsible finance, such as Islamic finance, could lead the efforts to achieve sustainable economic development. Iqbal and Mirakhor then conduct a comparative analysis of Islamic and conventional financial systems and present Islamic finance as an alternative that can address today's growing problems of inequality, social injustice, financial repression, unethical leadership, and lack of opportunity to share prosperity.

Brings together two academic fields that have been infrequently in full conversation: papyrology and the study of religion. Offers the latest research on the topic, focusing on a diverse range of case studies from different religious groups and documents written in numerous contemporary languages.

As far too many intellectual histories and theoretical contributions from the 'global South' remain under-explored, this volume works towards redressing such imbalance. Experienced authors, from the regions concerned, along different disciplinary lines, and with a focus on different historical timeframes, sketch out their perspectives of envisaged transformations. This includes specific case studies and reflexive accounts from African, South Asian, and Middle Eastern contexts. Taking a critical stance on the ongoing dominance of Eurocentrism in academia, the authors present their contributions in relation to current decolonial challenges. Hereby, they consider intellectual, practical and structural aspects and dimensions, to mark and build their respective positions. From their particular vantage points of (trans)disciplinary and transregional engagement, they sketch out potential pathways for addressing the unfinished business of conceptual decolonization. The specific individual positionalities of the contributors, which are shaped by location and regional perspective as much as in disciplinary, biographical, linguistic, religious, and other terms, are hereby kept in view. Drawing on their significant experiences and insights gained in both the global north and global south, the contributors offer original and innovative models of engagement and theorizing frames that seek to restore and critically engage with intellectual practices from particular regions and transregional contexts in Africa, South Asia, and the Middle East. This volume builds on a lecture series held at ZMO in the winter 2019-2020

This book focuses on the written heritage of Muslims in the Philippines, the historical constitution of chancelleries within the Islamic sultanates, and the production of official letters to conduct local and international diplomacy. The standard narrative on Muslims in the Philippines is one that centres political and armed struggles within the region. However, two important aspects remain unattended: the cultural and intellectual production of the sultanates, and the Moro involvement in Southeast Asian Islamic civilization. This book connects the development and personality of the Philippine sultanates into the regional context of local communities that adopted an international faith. Political alliances and religious missions altered different ethnolinguistic groups and furnished them with the Word, the Qur'anic message, and the Arabic script. Indeed, customary orality and Adab shaped a way of being and acting modelled after what was called the Bichara. Particularly, the book studies the Moro Letter as cultural craft with political meaning, and Jawi heritage in the Philippines. A general catalogue of Jawi manuscripts from the National Archives of the Philippines is provided as appendix.

Today there are at least 15 million people in Western Europe who adhere to the Muslim faith or have close cultural or other affiliations with the Islamic world. Indeed, in the course of a few decades, Islam has emerged as Europe's second religion, after Christianity. What is remarkable about this phenomenon is that it has occurred gradually, generally peacefully, and, in some measure, as a consequence of the economic needs of European countries. Despite some difficulties, Islam is slowly but inexorably becoming part of Europe's social, cultural, and, to some degree, political landscape. The question today is not can Islam be uprooted and expelled from European soil, as was done six centuries ago during the period of "Reconquista" in Spain, but rather what is the best way of accommodating Islam in Europe and establishing cooperative relations between Muslims and the followers of other religious and/or secular value systems. This volume examines the situation and attempts to provide answers to these questions through a country-by-country analysis by recognized experts from each of the Western European nations examined. An invaluable resource and text for scholars, students, and other researchers involved with Islamic and European Studies.

This book discusses the evolution of state governance of Islam and the nature and forms of local Muslims' rediscovery of their 'Muslimness' across post-communist Eurasia. It examines the effects on the Islamic scene of the political and ideological divergence of Central and South-Eastern Europe from Russia and most of the Caucasus and Central Asia. Of particular interest are the implications of the proliferation of new, 'global' interpretations of Islam and their relationship with existing 'traditional' Islamic beliefs and practices. The contributions in this book address these issues through an interdisciplinary prism combining history, religious studies/theology, social anthropology, sociology, ethnology and political science. They analyse the greater public presence of Islam in constitutionally secular contexts and offer a critique of the domestication and accommodation of Islam in Europe, comparing these to what has happened in the international Eurasian space. The discussion is informed by the works of such thinkers as Talal Asad, Bryan Turner, Veit Bader, Marcel Maussen and Bassam Tibi, and utilises primary and secondary sources and ethnographic observation. Looking at how collectivities and individuals are defining what it means to be Muslim in a globalised Islamic context, this book will be of great interest to scholars of Religious Studies, Islamic Studies, Political Science, Sociology and Anthropology.

Early modern Protestant scholars closely engaged with Islamic thought in more ways than is usually recognized. Among Protestants, Lutheran scholars distinguished themselves as the most invested in the study of Islam and Muslim culture. Mehmet Karabela brings the neglected voices of post-Reformation theologians, primarily German Lutherans, into focus and reveals their rigorous engagement with Islamic thought. Inspired by a global history approach to religious thought, Islamic Thought Through Protestant Eyes offers new sources to broaden the conventional interpretation of the Reformation beyond a solely European Christian phenomenon. Based on previously unstudied dissertations, disputations, and academic works written in Latin in the seventeenth and eighteenth centuries, Karabela analyzes three themes: Islam as theology and religion; Islamic philosophy and liberal arts; and Muslim sects (Sunni and Shi'a). This book provides analyses and translations of the Latin texts as well as brief biographies of the authors. These texts offer insight into the Protestant perception of Islamic thought for scholars of religious studies and Islamic studies as well as for general readers. Examining the influence of Islamic thought on the construction of the Protestant identity after the Reformation helps us to understand the role of Islam in the evolution of Christianity.

This book introduces and examines the work of two significant 21st century Christian - Muslim dialogue initiatives - "Building Bridges" and the "Christian-Muslim Theological Forum" - and gives close attention to five theological themes that have been addressed in common by them. An overview and analysis, including inception, development, outputs and significance, together with discussion of the select themes - community, scripture, prophecy, prayer and ethics - allows for an in-depth examination of significant contemporary Muslim and Christian scholarship on issues important to both faith communities. The result is a challenging encounter to, arguably, a widespread default presumption of irredeemable mutual hostility and inevitable mutual rejection with instances of violent extremism as a consequence. Demonstrating the reality that deep interreligious engagement is possible between the two faiths today, this book should appeal to a wide readership, including upper undergraduate and graduate teaching as well as professionals and practitioners in the field of Christian-Muslim relations.

This book is about the "Hundred-Word Eulogy," a 100-character praise of Islam and Prophet Muhammad written by Zhu Yuanzhang, who reigned as the Hongwu Emperor of China from 1368 to 1398. The analysis of the eulogy is augmented with relevant Islamic texts. The book has become quite revered by many Muslim individuals and organizations across the globe. Yet, no work exists that has systematically analyzed the text. The purpose of this book, then, is to fill this vacuum. Methods from the fields of history, literary analysis, and pragmatic linguistics are employed to provide multidisciplinary and comprehensive analyses of the text, undergirded by the notion of meaning.

This book examines the wide range of multilingual devotional performances engaged in by young Muslims in the UK today. It evaluates the contemporary mosque school in the UK and contrasts this with practices from the past and with prevailing discourses (both political and other) which suggest that such institutions are problematic. It also challenges the highly-politicised and mediatised discourse which suggests that linguistic diversity presents a threat to the privileging of monolingualism in the UK. Finally, it argues for the usefulness of the term 'ultralingual' when analysing the multilingual devotional language performances of these young people.

This book examines the conceptions of justice from Zarathustra to Islam. The text explores the conceptions of justice by Zarathustra, Ancient Egypt, India, Mesopotamia, Noah, Abraham, and Moses. During the Axial Age (800-200BCE), the focus of justice is in India, China, and Greece. In the post-Axial age, the focus is on Christianity. The authors then turn to Islam, where justice is conceived as a system, which emerges if the Qur'anic rules are followed. This work concludes with the views of early Muslim thinkers and on how these societies deteriorated after the death of the Prophet. The monograph is ideal for those interested in the conception of justice through the ages, Islamic studies, political Islam, and issues of peace and justice.

This detailed study by Jutta Sperber shows how the magisterium of the Roman-Catholic Church, the Pontifical Council for Interreligious Dialogue and various parts of the Muslim world from Saudi Arabia to Iran have been engaged in Christian-Muslim dialogues. The mainly anthropological topics range from tolerance and human dignity, the position of women and children, media and education, to mission, resources and nationalism. They paint an interesting picture of the position of Man before God and the world in both Christianity and Islam.

The role of Islam in public spaces is one of the most prevalent political questions in Europe. Contestations around the construction of mosques, the ban of Islamic veils and populist rhetoric about "problematic" neighbourhoods indicate Europe's struggles with the place of its second largest religion. This book advocates for an analytical turn in the study of Islam in Europe using space as a central conceptual lens. While spatial approaches are gaining traction in the study of religion, migration, ethnicity, race, and politics, the chapters in this book argue that the critical potential of a spatialised analysis in the field of Islam in Europe remains largely unexplored. This volume presents a collection of nine empirical studies that offer insights into how scholars might exploit the category of space when analysing both current political issues and broader conceptual questions in the social sciences. And more specifically, how does a spatial perspective on Islam contribute to a deeper understanding of the formations of the state, ethnicity, race, secularism, gender, and colonial structures? Rethinking Islam and Space in Europe is a significant new contribution to racial and ethnic studies in Europe, and will be a great resource for academics, researchers, and advanced students of Politics, Sociology, Social and Political Geography, Anthropology and Religious Studies. The chapters in this book were originally published as a 2021 special issue of Ethnic and Racial Studies.

A pioneering text offering interdisciplinary and interreligious insights into debates abut ecological equilibrium. This book is te first comparative study of John Boswell Cobb and Seyyed Hossein Nasr's eco-religious theories. A critical resource for policy makers, faith leaders and academics researching the interrelationship between Environmental Studies and Religious Studies.

Among international financial centres (IFCs), London is known as the 'Western hub of Islamic Finance', on account of its well-developed legal infrastructure. However, Brexit has threatened London's status and consequently, the financial services industry is moving to Dublin to continue operating in the Euro region. Similarly, Islamic finance (IF) service providers in the UK are also looking to Dublin for expansion of this niche area in euro member states. This is the first book to be written about Islamic finance operations in the Eurozone. The book offers an in-depth description of International Financial Centres and the growth of Islamic Finance, compares the growth of Islamic finance in London, Dubai and Kuala Lumpur, outlines the implications of Brexit for financial service providers in London in general and Islamic investors in particular and also presents a case study of Ireland to establish the latter as the most appropriate country to promote IF in the Eurozone. The time is particularly right for a book exploring the potential of Ireland to emerge as a Eurozone hub of Islamic finance, as a result of Britain's exit from Europe. The book will cater to the needs of readers studying IF in the disciplines of economics, business, law, and religion. A secondary market includes practitioners, such as policymakers, lawyers, fund managers, accountants, regulators and international investors, who will be interested in exploring the benefits that the UK and Ireland have to offer the Islamic finance industry.

This book contends that the discourses of jihadism in Russia's North Caucasus, and their offshoots in other parts of the Russian Federation, are not just reflections of jihadi ideologies that came from abroad, rather that post-Soviet jihadism is a phenomenon best understood when placed in the broader cultural environment in which it emerged, an environment which comprises the North Caucasus, the whole of Russia, and beyond. It examines how post-Soviet jihadism is also part of global processes, in this case, global jihadism, explores how post-Soviet jihadism bears the imprint of the preceding Soviet context especially in terms of symbols, discursive tools, interpretational frameworks, and dissemination strategies, and discusses how, ironically, Russian-speaking jihadism is an expansionist idea for uniting all Russian regions on a supra-ethnic principle, but an idea that was not born in Moscow or St. Petersburg. Overall, the book demonstrates that Russian-speaking jihadism is a completely new ideology, which nevertheless has its origins in the intellectual and cultural heritage of the Soviet era and in the broader trends of post-Soviet society and culture.

Using the high-profile 2017 blasphemy trial of the former governor of Jakarta, Basuki 'Ahok' Tjahaja Purnama, as its sole case study, this book assesses whether Indonesia's liberal democratic human rights legal regime can withstand the rise of growing Islamist majoritarian sentiment. Specifically, this book analyses whether a 2010 decision of Indonesia's Constitutional Court has rendered the liberal democratic human rights guarantees contained in Indonesia's 1945 Constitution ineffective. Key legal documents, including the indictment issued by the North Jakarta Attorney-General and General Prosecutor, the defence's 'Notice of Defence', and the North Jakarta State Court's convicting judgment, are examined. The book shows how Islamist majoritarians in Indonesia have hijacked human rights discourse by attributing new, inaccurate meanings to key liberal democratic concepts. This has provided them with a human rights law-based justification for the prioritisation of the religious sensibilities and religious orthodoxy of Indonesia's Muslim majority over the fundamental rights of the country's religious minorities. While Ahok's conviction evidences this, the book cautions that matters pertaining to public religion will remain a site of contestation in contemporary Indonesia for the foreseeable future. A groundbreaking study of the Ahok trial, the blasphemy law, and the contentious politics of religious freedom and cultural citizenship in Indonesia, this book will be of interest to academics working in the fields of religion, Islamic studies, religious studies, law and society, law and development, law reform, constitutionalism, politics, history and social change, and Southeast Asian studies.