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19,193 result(s) for "Islamic countries"
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Islam, secularism, and liberal democracy : toward a democratic theory for Muslim societies
This book analyzes the relationship between religion, secularism, and liberal democracy—historically, theoretically, and in the context of the contemporary Muslim world. The central issue is: liberal democracy requires a form of secularism, yet simultaneously the main cultural and intellectual resources that Muslim democrats can draw upon are religious. A paradox, therefore, confronts the democratic theorist. Challenging the popular belief that religious politics and democratic development are structurally incompatible, three arguments are advanced: In societies where religion is a key marker of identity, the road to liberal democracy must traverse the gates of religious politics. The primary theoretical implication that emerges from this claim is that the process of democratization cannot be de-linked from debates about the normative role of religion in government. While liberal democracy requires secularism, religious traditions are not born with an inherent secular conception of politics. These ideas must be socially constructed. In the context of an emerging democracy, how secularism becomes indigenized as political value is topic that this work explores. An intimate relationship exists between religious reformation and political development. While the first often precedes the second, the processes are interlinked. Democratization does not require a privatization of religion but it does require a reinterpretation of religious ideas that are conducive to liberal democracy. By engaging in this reinterpretation, religious groups can play an important role in the development and consolidation of democracy. Overall, this book argues for a rethinking of democratic theory so that it incorporates the variable of religion in the development and social construction of liberal democracy.
Islamic financial products : principles, instruments and structures
Islamic finance has grown exponentially since 1963 and has reached more than 70 countries around the world with the asset size of about $2.5 trillion. The Islamic financial system today comprises a sizable asset base and there is evidence of sustained demand for Islamic financial products and services in the global market, with demand outstripping supply. This book provides a new source of understanding of the Islamic financial products in view of facilitating academia, industrialists, professionals, product designers, students and policymakers globally. There is a mass of literature on Islamic finance available to the market, but very little research is found in the form of book exclusively on Islamic financial products and their structures. Thus, this book is a timely contribution to the global market with Islamic financial product solutions.-- Provided by publisher.
Remaking Muslim Politics
There is a struggle for the hearts and minds of Muslims unfolding across the Islamic world. The conflict pits Muslims who support pluralism and democracy against others who insist such institutions are antithetical to Islam. With some 1.3 billion people worldwide professing Islam, the outcome of this contest is sure to be one of the defining political events of the twenty-first century. Bringing together twelve engaging essays by leading specialists focusing on individual countries, this pioneering book examines the social origins of civil-democratic Islam, its long-term prospects, its implications for the West, and its lessons for our understanding of religion and politics in modern times. Although depicted by its opponents as the product of political ideas \"made in the West\" civil-democratic Islam represents an indigenous politics that seeks to build a distinctive Islamic modernity. In countries like Turkey, Iran, Malaysia, and Indonesia, it has become a major political force. Elsewhere its influence is apparent in efforts to devise Islamic grounds for women's rights, religious tolerance, and democratic citizenship. Everywhere it has generated fierce resistance from religious conservatives. Examining this high-stakes clash,Remaking Muslim Politicsbreaks new ground in the comparative study of Islam and democracy. The contributors are Bahman Baktiari, Thomas Barfield, John R. Bowen, Dale F. Eickelman, Robert W. Hefner, Peter Mandaville, Augustus Richard Norton, Gwenn Okruhlik, Michael G. Peletz, Diane Singerman, Jenny B. White, and Muhammad Qasim Zaman.
The Cartoons That Shook the World
On September 30, 2005, the Danish newspaperJyllands-Postenpublished twelve cartoons of the Prophet Muhammad. Five months later, thousands of Muslims inundated the newspaper with outpourings of anger and grief by phone, email, and fax; from Asia to Europe Muslims took to the streets in protest. This book is the first comprehensive investigation of the conflict that aroused impassioned debates around the world on freedom of expression, blasphemy, and the nature of modern Islam. Jytte Klausen interviewed politicians in the Middle East, Muslim leaders in Europe, the Danish editors and cartoonists, and the Danish imam who started the controversy. Following the winding trail of protests across the world, she deconstructs the arguments and motives that drove the escalation of the increasingly globalized conflict. She concludes that the Muslim reaction to the cartoons was not-as was commonly assumed-a spontaneous emotional reaction arising out of the clash of Western and Islamic civilizations. Rather it was orchestrated, first by those with vested interests in elections in Denmark and Egypt, and later by Islamic extremists seeking to destabilize governments in Pakistan, Lebanon, Libya, and Nigeria. Klausen shows how the cartoon crisis was, therefore, ultimately a political conflict rather than a colossal cultural misunderstanding.
Islamic Capital Markets
A comprehensive look at the essentials of Islamic capital markets Bringing together theoretical and practical aspects of capital markets, Islamic Capital Markets offers readers a comprehensive insight into the institutions, instruments, and regulatory framework that comprise Islamic capital markets. Also exploring ideas about money, central banking, and economic growth theory and their role in Islamic capital markets, the book provides students and practitioners with essential information about the analytical tools of Islamic capital markets, serves as a guide to investing in Islamic assets, and examines risk management and the structure of Islamic financial products. Author and Islamic finance expert Noureddine Krichene examines the development of leading Islamic capital markets, including Malaysia, looking at sukuks and stocks in detail and emphasizing valuation, duration, convexity, immunization, yield curves, forward rates, swaps, and risks. Analyzing stock markets, stock valuation, price-earnings ratio, market efficiency hypothesis, and equity premiums, the book addresses uncertainty in capital markets, portfolio diversification theory, risk-return trade-off, pricing of assets, cost of capital, derivatives and their role in hedging and speculation, the principle of arbitrage and replication, Islamic structured products, the financing of large projects, and more. * Emphasizes both theoretical and practical aspects of capital markets, covering analytical concepts such as the theory of arbitrage, pricing of assets, capital market pricing model, Arrow-Debreu state prices, risk-neutral pricing, derivatives markets, hedging and risk management, and structured products * Provides students and practitioners of finance with must-have information about the analytical tools employed in Islamic capital markets * Examines all the most recent developments in major Islamic capital markets, including Malaysia Discussing the advantages of Islamic capital markets and the prospects for their development, Islamic Capital Markets gives readers a fundamental grounding in the subject, with an emphasis on financial theory and real world practice.
The new Cambridge history of Islam
Volume 5 of The New Cambridge History of Islam examines the history of Muslim societies from 1800 to the present. Francis Robinson, a leading historian of Islam, has brought together a team of scholars with a broad range of expertise to explore how Muslims responded to the challenges of Western conquest adn domination across the last two hundred years. As their contributions reveal, the social, economic, political and historical circumstances which influenced these responses have, in many instances and in different parts of the world, empowered Muslim societies and encouraged transformation and religious revival. The volume offers a fascinating glimpse into the local dimensions of that revival and how, by extension, regional connections have been forged. Synthesizing the academic research of the past thirty years, as well as offering substantial guidance for further study, this book is the starting-point for all those who wish to have a serious understanding of modern Muslim societies.
Europe and the Islamic World
Europe and the Islamic Worldsheds much-needed light on the shared roots of Islamic and Western cultures and on the richness of their inextricably intertwined histories, refuting once and for all the misguided notion of a \"clash of civilizations\" between the Muslim world and Europe. In this landmark book, three eminent historians bring to life the complex and tumultuous relations between Genoans and Tunisians, Alexandrians and the people of Constantinople, Catalans and Maghrebis--the myriad groups and individuals whose stories reflect the common cultural, intellectual, and religious heritage of Europe and Islam. Since the seventh century, when the armies of Constantinople and Medina fought for control of Syria and Palestine, there has been ongoing contact between the Muslim world and the West. This sweeping history vividly recounts the wars and the crusades, the alliances and diplomacy, commerce and the slave trade, technology transfers, and the intellectual and artistic exchanges. Here readers are given an unparalleled introduction to key periods and events, including the Muslim conquests, the collapse of the Byzantine Empire, the commercial revolution of the medieval Mediterranean, the intellectual and cultural achievements of Muslim Spain, the crusades and Spanish reconquest, the rise of the Ottomans and their conquest of a third of Europe, European colonization and decolonization, and the challenges and promise of this entwined legacy today. As provocative as it is groundbreaking, this book describes this shared history in all its richness and diversity, revealing how ongoing encounters between Europe and Islam have profoundly shaped both.