Suchergebnisse

Foreword -- Acknowledgements -- Contents -- List of Tables -- 1 Introduction -- Orientalism and Ersatz Islam -- Weber, New-Orientalism and Ersatz Islam -- Secularism and the New-Orientalism -- Ersatz Islam, "Islamic Law," Shari'ah, and Islamic Jurisprudence (Fiqh) -- Ersatz Islam and the Marxist Paradigm54 -- For Whom the Orientalist Bell Tolls? -- References -- 2 Capitalism and the Islamic Economic System -- Does Capitalism Define an Islamic Economy? -- Defining Capitalism -- Exchange, Principle and Mentality of Capitalism -- Islam and Capitalism-the Connection -- Varieties of Capitalism -- Religious Basis of Adam Smith's Vision of the Economy -- Islamic Economic System and Capitalism -- Does Capitalism Define an Islamic Economy? -- References -- 3 Overview of an Ideal Islamic System -- The Qur'an -- The Concept of Barakah -- The Objectives and Role of the Prophets and Messengers -- The New Institutional Economics and Institutional Scaffolding -- Institutional Scaffolding of Ideal Islamic Economy -- Role of Rules -- Rules of the Metaframework -- Overview of Sunan of Allah and Their Characteristics -- Overview of Rules Governing Humans' Relation with Allah (swt), with Their Own Self and with One Another -- References -- 4 Institutional Structure of a Sound Economy -- References -- 5 The Rules Governing an Islamic Economy -- Introduction -- Islamic Economic Paradigm -- The Ideal Economy -- Rules Governing Property -- Rules Governing the Market -- Rules Governing Distribution-Redistribution -- Conclusion -- Appendix -- Major Sunan of Allah (Swt) -- Characteristics of Sunan of Allah (Swt) -- References -- 6 The Operational Features of an Islamic Economy -- Economic Implications of Rules -- Implication of Rules for Economic Justice and Income and Wealth Distribution -- Concluding Remarks -- References

Askari and Krichene provide a comprehensive background for recent international financial crises--rapid expansion of interest-bearing debt and monetary expansion though the fractional reserve banking system. In this context, the authors provide an analysis of the experience and issues associated with international payments systems--the various forms of the gold standard, the Bretton Woods system and the present system of flexible exchange rates. The authors go on to examine the case for fixed exchange rates (gold standard and other interesting variations) anchored in Islamic finance. The message of this book is that the gold standard could provide a solution for addressing international financial instability if and only if it is anchored in 100% reserve banking, which is an essential pillar of Islamic finance.

The evolution of the western concept of development -- Development as human wellbeing -- The foundational elements of development in Islam -- The dimensions of development in Islam -- The institutional structure of development in Islam

Problems with the US government's strategy for spreading democracy & promoting peace throughout the Middle East are highlighted. It is contended that Middle Eastern countries' receipt of foreign financial assistance & reliance upon revenues from oil sales will not engender political stability & economic growth in the region. In addition, it is asserted that some Middle Eastern nations' military expenditures & high military-civilian ratios have prevented these states from implementing programs that will address citizens' economic & social needs. The present situation in Kuwait is used to illustrate how military expenditures drain financial resources away from economic & social projects & how oil revenues are inadequate to resolve the nation's economic crisis. Therefore, several recommendations for US foreign policy toward the Middle East that could produce regional democratization & peace are offered, eg, placing an embargo on weapons sales to these countries & urging the United Nations Security Council to prevent potential Middle East combatants from crossing one another's borders. J. W. Parker