Islamic Finance in the Global Economy

Ibrahim Warde

In the past decade, Islamic finance has grown at rates exceeding 20% a year. Islamic finance is now a $200 billion industry, with operations in over 70 countries. This book explains the paradox of a system rooted in the medieval era thriving in the global economy.Coverage is exhaustively comprehensive, defining Islamic finance in its broadest sense to include banks, mutual funds, securities firms and insurance companies. The author places Islamic finance in the context of the global political and economic system and covers core issues including the moral economy of Islam, differences between countries such as Pakistan, Iran, the Sudan and Malaysia, and religious issues and challenges.Based on rigorous academic research as well as considerable empirical work, this authoritative book is an invaluable reference work for all those with an interest in Islamic and Middle Eastern economics, business and finance.This second edition has been completely revised and updated to take into account the great changes and developments in the field in recent times.

Related Subjects

• Economics & Finance
• Middle East Studies

About the Author

Bernard O'Kane is Professor of Islamic Art and Architecture at the American University in Cairo.Ibrahim Warde is a Research Affiliate at the Center for International Studies at the Massachusetts Institute of Technology. He is also a writer for Le Monde Diplomatique and an international financial consultant.

top of page