Over the last thirty years, Islamic banking has emerged as a viable and efficient model of financial intermediation. In conventional economic systems, the interest rate mechanism is at the heart of that process, however the Islamic financial system cannot rely on that mechanism. With this fact considered, this volume explores the role of Islamic finance in promoting growth and development. It highlights the benefits that Islamic banking can bring to society as an alternative model of financial intermediation and presents interesting case studies that examine certain features of Islamic finance and their relationship with growth, economic and financial stability, allocative efficiency and social justice.

Adonis' influence on Arabic literature has been likened to that of T. S. Eliot in the English-speaking world. Yet alongside this spearheading of a modernist literary revolution, the secular Syrian-born poet is also renowned for his persistent and staunch attacks on despotism across the Arab world. In these conversations with the psychoanalyst Houria Abdelouahed, Adonis brings into sharp relief the latest wave of violence and war to engulf Arabic countries, tracing the cause of ongoing tensions back to the beginnings of Islam itself. Since the death of the prophet Muhammad, Islam has been used as a political and economic weapon, exploiting and reinforcing tribal divisions to aid the pursuit of power. Adonis argues that recent events in the Middle East from the failures of the Arab Spring to the rise of ISIS and the bloody war in his native Syria attest to the destructive effects of an Islamic worldview that prohibits any notion of plurality and breeds violence. If there is to be any hope of peace or progress in the Arab world, it is therefore imperative that these mentalities are overcome. In their place, Adonis urges a new spirit of enquiry, embodied in the freedoms to interrogate the past and to question cultural norms. Adonis' penetrating analysis comes at a critical time, offering an alternative path to the cycle of violence that plagues the Arab world today.

The past several years have seen many examples of friction between secular European societies and religious migrant communities within them. This study combines ethnographic work in three countries (The Netherlands, the United Kingdom, and France) with a new theoretical frame (regimes of secularity). Its mission is to contribute to an understanding of minority identity construction in secular societies. In addition to engaging with academic literature and ethnographic research, the book takes a critical look at three cities, three nation-contexts, and three grassroots forms of Muslim religious collective organization, comparing and contrasting them from a historical perspective. Carolina Ivanescu offers a thorough theoretical grounding and tests existing theories empirically. Beginning from the idea that religion and citizenship are both crucial aspects of the state's understanding of Muslim identities, she demonstrates the relevance of collective identification processes that are articulated through belonging to geographical and ideological entities. These forms of collective identification and minority management, Ivanescu asserts, are configuring novel possibilities for the place of religion in the modern social world.

Motivation--both the act of motivating and the psychological state of being motivated--plays an important role in the education of children. This is a notion that a considerable number of medieval Muslim scholars addressed in their writings, albeit to varying degrees and through a variety of approaches (from literary to legal, and philosophical to psycho-spiritual). This book provides a fresh, original insight into the theory, practice, and rhythms of elementary education in medieval Muslim societies over the course of six centuries. It expands our understanding of the history of Muslim education as well as Islam's intellectual and social history. Its interdisciplinary approach to examining elementary education in medieval Muslim societies is of great importance to scholars of various fields of Islamic studies. It contributes to our wider understanding of Muslim education because it fills a gap in our appreciation of the theories and practices of elementary education in medieval Muslim societies, especially the question of how children were motivated to learn and how their motivation was understood by scholars and their teachers. For the first time, the ideas and practices of medieval Muslim elementary education are linked to their socio-historical context. This book has paved the way to discussing how prevalent social, religious, cultural, linguistic, economic, and political factors in medieval Muslim societies impacted the theory and practice of elementary education. In this pioneering look at motivation in medieval Muslim elementary education, Eeqbal Hassim shows that the Muslim scholars' ideas on the topic were mainly resistant to change. This finding correlates with limited progress in elementary educational practice and the faithful transmission of knowledge in medieval Islamic scholarship. Despite developments in the scholarly approaches to elementary education in line with scientific advancements in the medieval Muslim world, these did not have a significant impact on the essence of the Muslim scholars' views. This is an important book for all Islamic studies collections, particularly in the areas of history, education, psychology, and Arabic literature.

The headscarf issue draws a great deal of public and academic attention in Turkey, yet the debate largely unfolds within the contours of the discussions over modernization, Westernization, and the Islamic / secular divide. Rarely is there a discussion about how the connotations of the headscarf shift across cleavages of class and status among women wearing it. Instead, the headscarf is typically portrayed as a symbol of Islamic identity, a 'cover' that brackets social inequalities other than those based on a supposed 'clash of identities.' This study looks beyond these contours by contextualizing the headscarf discussion in an insecure and low-status private sector labor market - namely, retail sales. Based on in-depth interviews, focus groups with lower-middle-class saleswomen with headscarves, and ethnographic study in five cities of Turkey, this book argues that the meanings of the headscarf are continuously negotiated within the quest for social and economic security.

Since the Second World War, the Muslim Brotherhood in Egypt faced periods of extensive state repression, between 1948-1951 and 1954-1970 and again after 2013. These mihan or "ordeals", as members call them, were characterised by a shift from overt political activity to clandestine organising, and despite their importance have remained little studied. This book uses extensive archival research to uncover what took place when the organisation was forced unground and how and why it survived. It combines social theory with a vast array of primary source material such as autobiographical accounts produced by members, Egyptian court documents accounts by members of the Egyptian military or intelligence officers, and reports by British and American diplomats and intelligence officers. The result is a new bottom-up perspective on the Brotherhood's structure that goes beyond the role of leaders such as Sayyid Qutb to reveal it as both an overt political organisation and a secretive one able to withstand extended and harsh periods of persecution.

This book examines the intersectionality of gendered, religious identity among Muslim women in Catalonia, and illustrates how this identity is brokered through language use in a multilingual and diasporic context. Drawing on a mixed methods study of 1st and 2nd generation immigrant women, this book also examines how acculturation is a transgenerational process reflected in linguistic behavior. Through the use of questionnaire and interview data, the author constructs a story about informants' experiences navigating life vis-a-vis language use; specifically through the use of Spanish, Catalan and native/heritage languages. This book offers a unique lens through which we can further our understanding of the role of language in the acculturation process in Catalonia. It adds to the ongoing discussion about language and migration in Catalonia and provides a valuable contribution to debates about immigrant women's language learning and use.

The concept of jihad holds a prominent place in Islamic thought and history. Beyond its spiritual meanings, the term has historically been associated with the sweeping Arab-Believers conquests of the 7-8th century BCE. But given advances in our understanding of the historicity and chronology of the Qur'an and early Islamic texts, is it correct to identify jihad and Islam with violent conquest? In this book, Marco Demichelis explores the history of the concept of jihad in the early proto-Islamic centuries (7-8th). Deploying an interdisciplinary approach which combines the hermeneutical study of the famous 'Verses of the Sword' within the Qur'an itself, with historical writing by Islamic chroniclers as well as non-Islamic sources, numismatics, epigraphical and architectural evidence, the book questions the relationship between the religious concept of jihad and the conquests. The book argues that Christian Byzantine Foederati forices who previously fought against the Persians may have had a formative effect on the later emergence of more bellicose rhetoric. In so doing, it calls into question assumptions about warlike attitudes inherent within Islamic doctrine, and reveals a more nuanced and complicated history of religious violence in the pre, proto and early Islamic period.

In recent years, scholarly attention has shifted away from debates on ethnicity to focus on issues of migration and citizenship. Inspired, in part, by earlier studies on European guestworker migration, these debates are fed by the new "transnational mobility," by the immigration of Muslims, by the increasing importance of human rights law, and by the critical attention now paid to women migrants. With respect to citizenship, many discussions address the diverse citizenship regimes. The present volume, together with its predecessor (Bodemann and Yurdakul 2006), addresses these often contentious issues. A common denominator which unites the various contributions is the question of migrant agency, in other words, the ways in which Western societies are not only transforming migrants, but are themselves being transformed by new migrations.

The portrayal of Islamic movements as a tide of religious fanaticism threatening the West, and major participants in the coming "clash of civilizations", has provoked a multifaceted debate of great significance to the future of international relations. This text argues that political Islam's desire to restore a culture distorted by colonization does not necessarily compromise its progress to more democracy and greater tolerance. From Rabat to Gaza, through Algiers and Cairo, the author carried out his enquiry through interviews with prominent Islamists, and he allows them to speak for themselves in the book. Among the issues addressed are the relationship between Islam and modernity, Islamism and women, and questions of violence.

Two Gulf wars and the continuing Arab-Israeli conflict have highlighted the salience of military factors in the Middle East. This book argues, however, that many of the most serious 'security' challenges to Arab states and societies are rooted not in external military threats but in the imperatives of socio-economic development. Contributors examine the regional security environment; the social and political impact of regional militarization; and underdevelopment as a source of regional insecurity.

From a single product offering in 1963, the Islamic financial services industry has grown to an estimated $1.6 trillion in assets. Products must comply with profit and risk-sharing criteria and regulations preventing banks from venturing into activities with high risk and excessive uncertainty. This timely volume analyses these matters and considers the range of new products, discussing both conceptual and practical dimensions.The expert contributors examine why an ethical foundation is important and why the system requires well-thought-out regulations to ensure outcomes that protect the community's well-being. The volume explores in detail the nature of Islamic banking products and their risk elements, how the system differs from conventional banking in theory and practice, and how Islamic financial institutions are rated and regulated. It also connects Islamic finance to the mainstream theoretical literature on financial intermediation whilst exploring its differences. Offering a detailed examination of the risk and regulation of Islamic banking products, this unique volume will be of great interest to Islamic and Western universities with courses in Islamic studies and finance. Islamic research centers and training institutes, central banks and Islamic regulatory agencies will also find this a valuable resource. Contributors: M. Ariff, M.A.M. Ayob, O.I. Bacha, Z. Hassan, M. Iqbal, A. Kaleem, M.A Laldin, Y.K.Leng, M.K.Lewis, A. Mirakhor, S. Mohamad, M.Z. Othman, S.P. Parashar, V. Promwichit, M. Safari, M.T. Skully, R. Zaman

The fall of President Soeharto in May 1998 and the introduction of multi-party democracy by President BJ Habibie have unleashed religious parties (both Islamic and Christian) in Indonesian politics. This study shows that the Islamist agenda of the Islamist parties is overshadowed by their political pragmatism. This book is a must-read account on the rise and failure of the Islamist struggle in Indonesia's emerging democracy. Platzdasch's work is without a doubt a significant and timely contribution to a better understanding of Islamic politics in contemporary Indonesia. - Professor Azyumardi Azra, Professor of History & Director, Graduate School, Syarif Hidayatullah State Islamic University, Jakarta, Indonesia.

The religious thinkers, political leaders, law-makers, writers and philosophers of the early Muslim world helped to shape the 1,400-year-long development of today's secondlargest world religion. But who were these people? What do we know of their lives, and the ways in which they influenced their societies? Chase F. Robinson draws on the long tradition in Muslim scholarship of commemorating in writing the biographies of notable figures, but weaves these ambitious lives together to create a rich narrative of early Islamic civilization, from the Prophet Muhammad to fearsome Tamerlane. Beginning in Islam's heartland, Mecca, we move across Arabia to follow Islam's journey across North Africa, as far as Spain in the West, and eastwards through Central and East Asia; we see the rise and fall of Islamic states through the political and military leaders working to secure peace or expand their power, and, within this political climate, the development of Islamic law, scientific thought and literature through the words of the scholars who devoted themselves to these pursuits. Alongside the famous characters who coloured this landscape, including Muhammad's controversial cousin, 'Ali; the first Sultan of Egypt, Saladin; and the poet Rumi, the reader will also meet less wellknown figures, such as Shajar al-Durr, slave-turned-Sultana of Egypt, and Ibn Fadlan, whose travels in Eurasia brought first-hand accounts of the Volka Vikings to the Abbasid Caliph.

Islam's relationship to liberal-democratic politics has emerged as one of the most pressing and contentious issues in international affairs. This book analyzes the relationship between religion, secularism, and liberal democracy, both theoretically and in the context of the contemporary Muslim world. This book challenges a widely held belief among social scientists that religious politics and liberal-democratic development are structurally incompatible. While there are certainly tensions between Islam and democracy -- Hashemi draws on Iran as an example -- the two are not irreconcilable. He affirms the need for political secularism in order for liberal democracy to flourish, and examines how Muslim societies can develop the political secularism required for liberal democracy when the main political, cultural and intellectual resources that are available are religious. Hashemi argues that democratization and liberalization do not necessarily require a rejection or privatization of religion but do require a reinterpretation of religious ideas about the moral basis of legitimate political authority and individual rights. In fact, he shows, liberal democracy in the West often developed not in strict opposition to religious politics but in concert with it. Hashemi argues that an indigenous theory of Muslim secularism -- similar to what developed in the Christian West -- is possible and a necessary requirement for the advancement of liberal democracy in Muslim societies.

This book considers positions refugees take relative to the state, humanitarian actors and faith-based organisations in the humanitarian field. Attention is drawn to refugee agency as they negotiate circumstances of considerable constraint demonstrating relational dimensions of religious practice and experience.

Explore Islamic finance at a deeper level Intermediate Islamic Finance: Theory and Practice fills the gap for students and professionals who are already familiar with the fundamentals of Islamic finance, but would like to gain an enhanced understanding of Islamic finance theories and practices. This comprehensive text provides you with coverage of global developments and describes the role of Islamic finance within the global finance community to guide you in your understanding of this important aspect of the international financial landscape. The book references advance concepts and specific problems in the practice of Islamic finance, provides suggested further readings for each chapter, offers details of advanced analysis, and presents key data in visual form via graphs, figures, and tables. Profound changes have taken place in the financial landscape over the past few decades, including major innovations in financial instruments and substantial changes in regulation. With global financial markets becoming increasingly important players in the industry, it is critical that today's financial professionals understand the essence and implications of key Islamic finance theories and practices. * Build upon your fundamental understanding of Islamic finance * Explore some areas of convergence and conflict between Islamic finance and conventional finance * Strengthen the harmony between Islamic and conventional finance theories and their applications * Prepare for a well-rounded career in finance by better understanding how Islamic finance principles apply Intermediate Islamic Finance: Theory and Practice is an essential text for graduate and post-graduate finance students, economists, researchers, bankers, financial regulators, policymakers, and members of the business community who want to develop a deeper understanding of Islamic finance theories and practices.

Sabiha Sertel was born into revolution in 1895, as an independent Turkey rose out of the dying Ottoman Empire. The nation's first professional female journalist, her unrelenting push for democracy and social reforms ultimately cost Sertel her country and freedom. Shortly before her death in 1968, Sertel completed her autobiography Roman Gibi (Like a Novel), which was written during her forced exile in the Soviet Union. Translated here into English for the first time, and complete with a new introduction and comprehensive annotations, it offers a rare perspective on Turkey's history as it moved to embrace democracy, then violently recoiled. The book reveals the voice of a passionate feminist and committed socialist who clashes with the young republic's leadership. A unique first-hand account, the text foreshadows Turkey's increasingly authoritarian state. Sertel offers her perspective on the fierce divisions over the republic's constitution and covers issues including freedom of the press, women's civil rights and the pre-WWII discussions with European leaders about Hitler's rising power. More information about the book, photographs, reviews and events can be found at a special website dedicated to the book: www.struggleformodernturkey.com

Modern states increasingly seek to regulate religious expression, practice and discourse. This is profoundly evident at many levels of Islamic policy interaction: from debates about the banning of the Muslim face-veil in Europe to civic re-education programmes for Muslim citizens in China. Governance of Islam in Pakistan provides a systematic account of how interactions between multiple public and private bodies direct the regulation and standardisation of Islam in one of the largest Muslim-majority states in the world. Analysis centres on the institutional development of the Council of Islamic Ideology, a constitutional body tasked with issuing advice to the executive and legislature about the compatibility of laws with Islamic principles. Based on archival material that has been subject to little scholarly attention, and interviews with Council members and staff of other state bodies, Sarah Holz proposes governance as an analytical framework to study the negotiation of religious expression, practice and discourse. In contrast to the established Islamisation narrative which generally labels such religious institutions as mere rubberstamps in the process of policy-making, the study of governance offers an alternative approach that enables examination of the dynamic competition and cooperation among multiple actors. Through collective interaction the Council and other relevant bodies are active players in the governance of Islam. Insights gained from analysis of the ideational, structural and functional evolution of the Council offers a Global South perspective on liberal democratic ideas about the functionality of the modern state and its institutional structure. Issues of economic, cultural and local/international political influence bear strongly in governance analysis. Engagement with the governance policy tool has applicability across the social sciences, but is particularly relevant for South Asian/Near and Middle East Studies.

In this book we study The Tabligh Jama'at, an Islamic revivalist movement which, through participation in its preaching tours, provides satisfaction to individuals experiencing the crisis of modernity. Preaching tours enable Muslims to become workers for Allah and involved in the renewal of Allah's world. We explore the ideological underpinning of preaching and working for Allah through the application of Frame Theory. Through an analytic framework comprising framing tasks and framing processes we unpack how the ideas of Islamic revivalism found in key Tabligh Jama'at written and oral texts - the Faza'il-e-A'maal and bayans - are packaged and communicated in such a way as to attract individuals to participate in preaching tours. The book concludes that working for Allah provides Muslims with meaning, social solidarity, and satisfaction which modernity has failed to provide them. This book will appeal to academics, researchers, journalists, policy-makers, and research students interested in or working on Islamic revivalist movements.

Since 9/11, al-Qaida has become one of the most infamous and widely discussed terrorist organizations in the world, with affiliates spread across the globe. However, little-known are the group's activities within Afghanistan itself, something which Anne Stenersen examines in this book. Using an array of unique primary sources, she presents an alternative narrative of al-Qaida's goals and strategies prior to 9/11. She argues that al-Qaida's actions were not just an ideological expression of religious fanaticism and violent anti-Americanism, but that they were actually far more practical and organised, with a more revolutionary and Middle Eastern-focused agenda than previously thought. Through Stenersen's analysis, we see how al-Qaida employed a dual strategy: with a small section focused on staging international terrorist attacks, but at the same time a larger part dedicated to building a resilient and cohesive organization that would ultimately serve as a vanguard for future Islamist revolutions.

The fatwa against Salman Rushdie and the 2005 Danish cartoon fracas awakened many people to the potency of blasphemy accusations in the Muslim world. Accusations and charges such as "blasphemy," "apostasy," "insulting Islam," or "hurting Muslims' religious feelings" pose a far greater danger than censorship of irreverent caricatures of Mohammad: they are increasingly used as key tools by authoritarian governments and extremist forces in the Muslim world to acquire and consolidate power. These charges, which draw on disputed interpretations of Islamic law and carry a traditional punishment of death, have proved effective in crushing or intimidating not only converts and heterodox groups, but also political and religious reformers. In fact, one reason for the recent growth of more repressive forms of Islam is their use of accusations of blasphemy, apostasy, and related charges to intimidate and silence their religious opponents and make any criticism of their own actions and ideas religiously suspect. The effect of such laws thus goes far beyond what might narrowly be called religious matters. This volume provides the first world survey of the range and effects of apostasy and blasphemy accusations in the contemporary Muslim world, in international organizations, and in the West. The authors argue that we need to understand the context, history, impact, and mechanics of the blasphemy phenomenon in modern Muslim societies and guidance on how to effectively respond. The book covers the persecution of Muslims who convert to another religion or decide that they have become agnostic or atheists, as well as 'heretics:' those who are accused of claiming a prophet after Mohammed, such as Baha'is and Ahmadis. It also documents the political effects in Muslim societies of blasphemy and apostasy laws, as well as non-governmental fatwas and vigilante violence. It describes the cases of hundreds of victims, including political dissidents, religious reformers, journalists, writers, artists, movie makers, and religious minorities throughout the Muslim world. Finally, it addresses the legal evolution toward new blasphemy laws in the West; the increasing use of laws on "toleration" in the West, which may become surrogate blasphemy laws; increasing pressure by Muslim governments to make Western countries and international organizations enforce laws to restrict speech; and the increasing use of violence to stifle expression in the West even in the absence of law. Its foreword is by Indonesia's late President Abdurrahman Wahid.

Islamophobia is the name given to the virulent anti-Islamic prejudice that has been hyped by the news media and seized upon by cynical politicians. Five essays by six specialists on Islam in America provide important insights into Islamophobia as a conflict over American identity during a time of crisis. The authors clarify the way that differences of religion, race, and gender have been used to portray Muslims as threatening "out-groups," just as other minorities (Catholics, Jews, blacks) have been attacked in the past. The result is a valuable and thought-provoking analysis of the tactics for denying full citizenship to a minority religious group.