By Hossein Askari

This can be a really necessary ebook written through 3 hugely certified students whose credentials for writing this kind of ebook are tricky to compare. The timing of the e-book is additionally ideal, having come at a time whilst the worst monetary hindrance in residing reminiscence has intensified the hunt for reform of the overseas structure. The proposals made via the authors may still move a ways in not just reforming the approach but in addition in accelerating the flow in the direction of monetary globalization and convergence of the traditional and Islamic monetary systems.
Dr. Umer Chapra
Prominent student of Islamic Economics and at present study Advisor
Islamic learn and coaching Institute (IRTI), Islamic improvement financial institution (IDB)

Globalization and Islamic Finance, via 3 well-respected authors in Islamic finance, presents a thought-provoking research of a massive and topical factor, relatively, given the worldwide impression of the present monetary and financial crises. The publication is the 1st try to make a compelling case of convergence among globalization and Islamic finance. Askari, Iqbal and Mirakhor could be praised for this severe attempt, that is a must-read for teachers and practitioners drawn to Islamic finance.
Professor Rifaat Ahmed Abdel Karim
Secretary General
Islamic monetary prone Board (IFSB)

This publication has a powerful dialogue of the expansion and unfold of Islamic finance in the umbrella of globalization. The publication presents a special view of Islamic finance, not just from the point of view of ways Islamic finance suits inside globalization usually, yet globalization of finance specifically. this can be a needs to learn for someone attracted to the complicated and intricate global of Islamic finance.
Scheherazade S. Rehman, Ph.D.
Director, ecu Union study Center
Professor of foreign Finance, institution of Business
The George Washington University

I haven't come upon any literature that has delved so intensely in monetary globalization, particularly Islamic finance. because of this cause, i might motivate all attracted to this region to learn this book.
Hajah Salma Latiff
Managing Director, Crescent Sdn. Bhd.
Former Director, Centre for Islamic Banking, Finance and administration (CIBFM), Universiti Brunei Darussalam

The fresh concern has evoked large curiosity in Islamic finance guides. Globalization and Islamic Finance is either well timed and needed.
Sani Hamid
Director, Wealth Management
Financial Alliance (Singapore)

Show description

Read Online or Download Globalization and Islamic Finance: Convergence, Prospects and Challenges PDF

Best globalization books

Mad Cowboy: Plain Truth from the Cattle Rancher Who Won't Eat Meat

Howard Lyman's testimony at the Oprah Winfrey express printed the lethal effect of the cattle on our healthiness. It not just ended in Oprah's announcement that she'd by no means consume a burger back, it despatched surprise waves via a involved and susceptible public.
A fourth-generation Montana rancher, Lyman investigated using chemical compounds in agriculture after constructing a spinal tumor that almost paralyzed him. Now a vegetarian, he blasts during the propaganda of pork and dairy pursuits -- and the govt. firms that defend them -- to reveal an animal-based vitamin because the fundamental explanation for melanoma, middle ailment, and weight problems during this state. He warns that the cattle is repeating the errors that resulted in Mad Cow sickness in England whereas at the same time inflicting critical harm to the surroundings.
Persuasive, ordinary, and whole of the down-home strong humor and optimism of a son of the soil, Mad Cowboy is either an inspirational tale of private transformation and a powerful name to motion for a plant-based vitamin -- for the nice of the planet and the wellbeing and fitness people all.

When Globalization Fails: The Rise and Fall of Pax Americana

IS GLOBALIZATION AN accidental RECIPE FOR struggle?
Taking this query as its place to begin, James Macdonald's while Globalization Fails deals a wealthy, unique account of conflict, peace, and alternate within the 20th century—and a cautionary story for the twenty-first.

In the overdue 19th century, liberals exulted that the unfold of overseas trade may bring in prosperity and peace. An period of financial interdependence, they believed, could render wars too expensive to salary. yet those goals have been dashed by means of the carnage of 1914–1918. looking the protection of monetary self-sufficiency, countries grew to become first to protectionism after which to territorial enlargement within the 1930s—leading back to devastating clash. Following the second one global conflict, the globalists attempted once again. With the communist bloc disconnected from the worldwide economic system, a brand new foreign order was once created, buttressing loose exchange with the casual supremacy of the us. yet this benign interval is coming to an finish.

According to Macdonald, the worldwide trade in items is a combined blessing. It makes countries wealthier, but in addition extra susceptible. And whereas monetary interdependence pushes towards cooperation, the ensuing experience of monetary lack of confidence pulls within the contrary direction—toward repeated clash. In Macdonald's telling, the 1st global War's naval blockades have been as vital as its trenches, and the second one international struggle should be understood as an inevitable fight for important uncooked fabrics in an international that had rejected unfastened exchange. at the present time China's fiscal and armed forces enlargement is undermining the Pax Americana that had stored monetary insecurities at bay, threatening to resurrect the aggressive multipolar international of the early 20th century with all its attendant risks. Expertly mixing political and fiscal heritage and enlivened through bright citation, whilst Globalization Fails recasts what we all know in regards to the previous and increases important questions on the longer term.

Global Outlaws: Crime, Money, and Power in the Contemporary World (California Series in Public Anthropology)

Carolyn Nordstrom explores the pathways of worldwide crime during this beautiful paintings of anthropology that has the facility to alter the way in which we expect in regards to the global. to jot down this publication, she spent 3 years touring to scorching spots in Africa, Europe, Asia, and the us investigating the dynamics of unlawful exchange round the world--from blood diamonds and hands to prescribed drugs, exotica, and staples like foodstuff and oil.

Improving Adult Literacy Outcomes: Lessons from Cognitive Research for Developing Countries (World Bank Directions in Development)

There are nearly a thousand million grownup illiterates on the planet. grownup literacy courses in constructing nations are usually ineffectual and really constrained results. to enhance results, a lot emphasis has been given to empowering nongovernmental organisations, expanding learner motivation, and reinforcing social merits.

Extra resources for Globalization and Islamic Finance: Convergence, Prospects and Challenges

Sample text

2004). Empirical evidence suggests that countries with weak governance and low transparency receive less FDI and equity flows and have to resort to debt financing through bank loans that, as mentioned earlier, expose them to vulnerabilities and volatilities, leading to financial crises (Wei, 2001; Gelos and Wei, 2002; Wei and Wu, 2002; Smarzynska and Wei, 2000; Wei, 1997, 2000a, 2000b, 2000c, 2001; Kaufman et. , 2005; Abed and Gupta, 2002). Another factor that could exacerbate these problems is economic instability, with research suggesting macroeconomic policies as an important determinant of the composition of capital flows (IMF, 2007a, 2007b).

If these non-competing goods are a significant part of the basket of goods consumed by unskilled workers, then income inequality will be reduced. It should be stressed that this reduction in income inequality can be expected to occur in both the advanced (skilled labor-abundant) and the developing country as long as the countries are importers of such goods and they are a significant component of consumption. Finally, if a critical assumption of the Heckscher-Ohlin model—immobility of factors (capital and labor) across countries—is relaxed, then the sharpness of the Stolper-Samuelson result is blunted.

Fourth, we present the core principles of Islam to assess where globalization supports, and where it conflicts with, fundamental Islamic teachings. Fifth, we outline the policies that may be helpful in making globalization compatible with, and even supportive of, Islam. 1 Theoretical Consequences of Globalization: Growth, Income Distribution, Poverty Alleviation, and Regulation Globalization is essentially the process of eliminating all barriers so that countries “appear” as if they were one integrated country.

Download PDF sample

Rated 4.80 of 5 – based on 9 votes