ISLAMONOMICS : islamic finance, commerce and the global muslim market

Islamonomics is a concise, fast-paced guide to Islamic finance from its origins to its new frontiers. Accurate, instructive, accessible – Dr Benedikt Koehler, Economics of Religion Fellow at the Institute of Economic Affairs, LondonIslamonomics gives a whistle-stop tour of the history of the world through the lens of Islamic finance. Its focus on Asia is pertinent and important – Dr Sajjad Khoshroo, Islamic Finance Practitioner, Counsel at Allen & Overy LLP, LondonIn global efforts to secure sustainable business ethics, this Islamic voice offers an important contribution —Dr Werner Menski, Emeritus Professor of South Asian Laws, SOAS, University of LondonThe Islamic Finance industry is valued at US$3 trillion and finances deals in London, New York, Singapore, Shanghai, Dubai, Geneva, and Kuala Lumpur. Yet where does Islamic Finance come from? What has it accomplished? Why did it disappear? And why has it returned to prominence once again?In answering these questions, Mohammed... The Islamic Finance industry is valued at US$3 trillion and finances deals in London, New York, Singapore, Shanghai, Dubai, Geneva, and Kuala Lumpur. Yet where does Islamic Finance come from? What has it accomplished? Why did it disappear? And why has it returned to prominence once again? In answering these questions, Mohammed illuminates the history of Islamic trade, from the shores of the Mediterranean to the strategic maritime choke points of South East Asia, spanning the 7th century to the present. Along the way, he demonstrates how the Islamic principles of interest-free lending, the use of commodity-based currencies, and investment into tangible economic activity have always been adapted to each societys circumstances. As we enter the Asian Century, how do the principles of Islamic Finance apply to a globalized financial system formed by three centuries of British American dominance? Can the Islamic Finance industry attempt to remain competitive in an Eastern-shifting global economy without losing its soul? Mohammed argues that, if its principles are adhered to, Islamic Finance can make a lasting impact on the world by addressing systemic challenges from income inequality to climate change. Akhtar Mohammed was born in Vancouver, Canada, to Fijian Muslim parents of Indian/Pashtun descent. He obtained a BA in Political Science and History from the University of British Columbia and an LLB at the School of Oriental and African Studies, University of London. He received his LLM in Toronto, at York Universitys Osgoode Hall Law School, specializing in Capital Markets. His maternal grandfather was a veteran of the Second World War, serving with the Fijian Regiment. Praise: Islamonomics is a concise, fast-paced guide to Islamic finance from its origins to its new frontiers. Accurate, instructive, accessible. --Dr Benedikt Koehler, Economics of Religion Fellow at the Institute of Economic Affairs, London Islamonomics gives a whistle-stop tour of the history of the world through the lens of Islamic finance. Its focus on Asia is pertinent and important --Dr Sajjad Khoshroo, Islamic Finance Practitioner, Counsel at Allen & Overy LLP, London In global efforts to secure sustainable business ethics, this Islamic voice offers an important contribution --Dr Werner Menski, Emeritus Professor of South Asian Laws, SOAS, University of London The Islamic finance industry will be worth $3.4 trillion in 2018. Clearly, it is nothing to sneeze at. Yet, what is it, exactly?'Islamic finance'refers to the means used by financial institutions in the 1.7 billion-strong Islamic world to raise capital. By definition, it is compliant with shari'ah law, even as it interacts with conventional, secular financial systems.In this groundbreaking book, Akhtar Mohammed explains the principles of Islamic finance and explores its function in the international marketplace. He argues that it holds powerful lessons for Western secular financial institutions, provided the'Islamic'in'Islamic finance'can be regarded without suspicion and with open minds.What does Islamic finance have to teach in relation to the worldwide financial crisis and its aftermath, globalization, ethical investment practices, the growth of the Global South, and social movements such as Occupy Wall Street? Mohammed illuminates its successes, failures and future growth in secular terms, and in clear, accessible language intended for non-specialists as well as experts--regardless of their religious beliefs.Akhtar Mohammed was born in Vancouver and obtained a BA in Political Science from the University of British Columbia and an LLB at the School of Oriental and African Studies (SOAS), University of London. He is currently pursuing an LLM in at York University, Toronto. In 2013 he founded the Islamic Finance and Ethics Society at SOAS, later expanding it to King's College, the London School of Economics, and the Cass Business School, City University London. I'm Not Done is the moving story of a perennial achiever, told in his own unique voice - warm, intimate and charming. It is also a glimpse into an age of discovery in a region that needed dreamers, told by the brand man who marketed it all.