Experienced author with an excellent reputation and publication track record. Wide ranging, advanced overview of the topic. Provides a broad ranging overview. Includes pedagogical features to facilitate further study. Freshly updated to include the latest developments including China's growing influence.

Experienced author with an excellent reputation and publication track record. Wide ranging, advanced overview of the topic. Provides a broad ranging overview. Includes pedagogical features to facilitate further study. Freshly updated to include the latest developments including China's growing influence.

When it was originally published this volume was the first comprehensive survey of the experience of Islamic banking throughout the Muslim world in Turkey, Egypt, Kuwait, Jordan, Sudan, iran, Pakistan and Saudi Arabia. Drawing comparisons between the countries in economic terms, it shows that the success of Islamic banks to a large extent reflects the immediate political environment. The complete Islamization of the financial systems of the more fundamentalist countries of Iran and Pakistan is compared with the divide between conventional interest-based systems and the new Islamic banks in Kuwait, Turkey, Egypt, Sudan and Jordan.

Islamic Financial Markets explores both international Islamic finance and the national markets in which Islamic banks operate, raising for the first time the issue of competition in Islamic banking. It also looks to the future, to retail development and wholesale possibilities which seem to be the next step forward in Islamic finance. Setting the subject in historical, religious and economic perspective, the book offers a comprehensive survey of the successful adaptation of an ancient financial system to meet the requirements of modern commerce.

The changing political situation in the Middle East poses challenges for the economies of the region, and some see none more vulnerable to collapse than Saudi Arabia's. Yet as this study demonstrates, the fundamentals of the Kingdom's economy are relatively robust, as over three quarters of GDP is accounted for by the non-oil sector, and impressive modern industries have been established, notably in petrochemicals. The financial system functions well, and despite substantial government debts, there is low inflation and currency stability. The private sector increasingly drives the economy, although job creation has been insufficient to prevent rising youth unemployment. The development challenges Saudi Arabia faces are similar to those of other middle-income countries, and three decades of diversification have made the economy less unique than it was in the oil boom years of the 1970s.

Examines important elements in the economic and political systems in Jordan, and argues that the state possesses a certain amount of economic resilience and has successfully fostered a national identity.

When it was originally published this volume was the first comprehensive survey of the experience of Islamic banking throughout the Muslim world in Turkey, Egypt, Kuwait, Jordan, Sudan, iran, Pakistan and Saudi Arabia. Drawing comparisons between the countries in economic terms, it shows that the success of Islamic banks to a large extent reflects the immediate political environment. The complete Islamization of the financial systems of the more fundamentalist countries of Iran and Pakistan is compared with the divide between conventional interest-based systems and the new Islamic banks in Kuwait, Turkey, Egypt, Sudan and Jordan. Islamic Financial Markets explores both international Islamic finance and the national markets in which Islamic banks operate, raising for the first time the issue of competition in Islamic banking. It also looks to the future, to retail development and wholesale possibilities which seem to be the next step forward in Islamic finance. Setting the subject in historical, religious and economic perspective, the book offers a comprehensive survey of the successful adaptation of an ancient financial system to meet the requirements of modern commerce.

This is an evaluation of the external economic relations of the island of Cyprus involving trade, finance and tourism. Cyprus has an increasingly open economy, and a study of its external economic relations is, to a considerable extent, a profile of its modern development.

Debt finance involving interest payments - the standard method in the global economy - goes against Qur'anic teaching and Shariah law. Wealth creation is therefore one of the greatest challenges facing Muslims and the Islamic world.

This book explores the longer term issues of Islamic capital accumulation and its contribution to the development of Muslim societies in the East and West. Although many of these societies remain poor, it is shown that there is much positive experience to learn from - especially that wealth creation is most successful when the institutions created to harness and deploy funds share the values of the societies they serve. It can be seen that adherence to religious values brings social development, and that moral financing makes good business sense.

The book includes:

* evaluation of Asian Islamic banking experiences

* assessment of Islamic banking efficiency and service quality

* analysis of Islamic insurance and risk management, and equity finance and venture capital

Countries covered include:

Iran

Pakistan

Sudan

Kuwait

Egypt

Malaysia

Bahrain

Jordan

Saudi Arabia

The book provides a comprehensive discussion of the various aspects of Islamic finance, focusing on key countries and institutions in a coherent manner and bringing both breadth and depth to the subject.

Key Features:

* First book to bridge the gap between Islamic economic theory and financial practice

* Considers risk management in accordance with Islamic law by exploring Islamic mortgages and insurance

* Looks at equity finance, venture capital and the stock market from an Islamic perspective

* Offers detailed case studies of country experiences ofIslamic capital formation and wealth accumulation

* Includes a glossary of Arabic terms

The changing political situation in the Middle East poses challenges for the economies of the region, and some see none more vulnerable to collapse than Saudi Arabia's. Yet as this study demonstrates, the fundamentals of the Kingdom's economy are relatively robust, as over three quarters of GDP is accounted for by the non-oil sector, and impressive modern industries have been established, notably in petrochemicals. The financial system functions well, and despite substantial government debts, there is low inflation and currency stability. The private sector increasingly drives the economy, although job creation has been insufficient to prevent rising youth unemployment. The development challenges Saudi Arabia faces are similar to those of other middle-income countries, and three decades of diversification have made the economy less unique than it was in the oil boom years of the 1970s.

This major six-volume set reproduces the most important journal material concerning the many aspects of political economy in the Middle East. By subject, the editors concentrate on the vital issues affecting this continually developing area of the world.This collection opens up a new source of essential material to both the student and academic specializing in Middle Eastern studies. The editors have prepared individual introductions for each title in addition to a general series preface for the series. Volume I: Poor capital investment combined with the few details concerning education in the Middle East have resulted in the under-utilisation of human resources. The articles included in this collection focus on the reasons behind this development failure and also how this failure continues to affect the region. 20 articles, dating from 1980 to 1995 Volume II: This collection features literature on the contemporary international relations of the Middle East in the latter part of the twentieth century. The editors pay particular attention to trade, production, imports and exports, foreign investment, multinational companies in the region and labour migration. 18 articles, dating from 1984 to 1997 Volume III: In capitalist and socialist societies, economic systems are believed by their adherents to have universal applicability irrespective of the values held by the societies in which they are applied. Islamic economists reject this notion, believing that an economic system should reflect religious values, rather than a society's values being determined by the economic system. The articles included in this volume focus on the development of principles and the system of Islamic economics. 23 articles, dating from 1963 to 1995 Volume IV: Few countries have been left untouched by either economic or political liberalisation in recent history - indeed, many have been affected by both. These processes have had a substantial effect on the Middle East. Particular emphasis is given to the liberalisation of Turkey, Egypt and Iraq as well as articles featuring other main Middle Eastern states. 22 articles, dating from 1981 to 1998 Volume V: The articles included in this volume focus on the manner in which the character of the state affects economic policies. Attention is given to themes on the nature of the Middle Eastern State in general, the relationship between state and society, assessments of the administrative structures for economic policies and policy making and assessments of economic policies which are specific to individual state formation and structure. 21 articles, dating from 1982 to 1996 Volume VI: Oil is probably the most significant industry in the Middle Eastern states. The editors have selected articles which relate not only to the analysis of oil production but also to the range of effects which oil revenues have on the political economy of the Middle East. The editors have intentionally focused on material which follows the social, economic and political effects of oil resources over the past 25 years. 19 articles, dating from 1978 to 1996

Part "Little House" and part "The Waltons," this funny and warm-hearted memoir of life on a small Missouri farm in the 1950s is told through the eyes of a young girl, the seventeenth of eighteen children, and her sisters, nicknamed Mush and Tom. These delightful stories, wonderfully illustrated with original artwork, recall a more innocent age and, ultimately, eulogize an entire family. Over 150 photos and illustrations.

Can the contemporary Islamic finance movement be shown to meet the requirements of modern commerce? In the wake of the terrorist attacks on America the UN Security Council passed a resolution targeting transnational sources of terrorist funds. The United States and the International Monetary Fund are encouraging the governments of the Middle East to adopt policies of economic liberalism and a new type of capitalism, based on Islamic values and beliefs, is emerging. The aims of the book are: * to explore the political implications of the slow but steady accumulation of Islamic capital * to analyse the connections between Islamic finance and Islamic political movements in Middle Eastern and North African countries * to show that the commonly-perceived connection between Islamic finance and money laundering and terrorism is by no means the complete picture. Readers will learn to appreciate the various political contexts in which Islamic finance operates in the Middle East and North Africa and will acquire some understanding of its political as well as economic constraints. Hopefully possible misunderstandings about Islamic banking and finance will be corrected. The book is divided into two parts -- part one is thematic and lays the ground for the country-specific case studies in part two (covering the Sudan, Kuwait, Jordan, Turkey, Tunisia and Egypt). The contributors include political scientists, economists and historians. Key Features: * A major topical issue * Written by the world's leading experts on Islamic Political Economy * Explores the connections between Islamic finance and Islamic political movements * Includes country-specific case studies

This book explores whether public policy in Muslim majority countries has been influenced by Islamic economic discourse. Islamist political parties have enjoyed unprecedented election victories in recent times. The Islamic Revolution in Iran, the election of the Justice and Development Party in Turkey and the coming to power of Islamists, albeit briefly, after the Arab Spring, has changed the political landscape in the Middle East and has ramifications for the entire Muslim World. Yet the continuing success of these parties depends on their record on economic development and employment creation. Are their economic policies different from those of their autocratic predecessors? Have they been influenced by the writings of academic Islamist economists? This book looks at the impact of Islamic teaching on public economic policy and asks how Islamic economics differs from mainstream micro and macroeconomics. It looks at how Islamic values can influence choices made by businesses and governments. It asks whether Shari'ah teaching affects taxation and social welfare policies. It assesses the potential of Islamic economics to provide an alternative to a capitalist economic system and looks at the implications for international economic relations. It's individual chapters evaluate the economic successes and failures of OIC member states (Bangladesh, Egypt, Indonesia, Iran, Malaysia, Pakistan, Tunisia and Turkey) and their changing status in the global economic order.

The use of common and civil law to licence and govern Islamic financial institutions is examined in detail in this book. It also makes international comparisons and discusses specific laws, from Iran (where all banking is shariah compliant) to Malaysia and the gulf, where Islamic financial institutions compete with conventional banks. As most Islamic banks operate under national banking laws, consideration is given as to how their assets and liabilities differ from their conventional counterparts and what the implications are for risk management. The remit of the guide includes takaful operators, fund management and shariah compliant securities as well as Islamic banks. Key Features *Detailed examination of Islamic banking laws *Evaluation of regulatory systems governing Islamic finance *Global coverage including the Islamic world and countries with Muslim minorities *Examples of the deposit and financing terms and conditions offered by leading Islamic banks Key Words: Islamic banking; Islamic finance; shari'ah compliant securities; sukuk; takaful; Islamic funds