Articles
The Economic Role of the State in the Classical Islamic Literature: The Views of Ibn Taimiyah
This paper explores the economic writings of Ibn Taimiyah, particularly his views on the economic role of the state. In so doing, it offers some explanations to the “great gap” puzzle posed by Schumpeter, and introduces the reader to a model of the medieval Arab and Islamic economic thoughts. © Author
Comparative Analysis of - Islamic Banking Supervision and Regulation Development
The paper highlights gaps in key areas of legislation, regulation and supervision, standard-setting of Shari'ah-compliance and pinpoints areas where improvement is desirable to ensure stability in the Islamic banking and finance sector. The comparative analysis focuses on 11 selected
The real Shariah risk: Why the United States cannot afford to miss the islamic finance moment
In the wake of the recent financial crisis in the United States, there has been a call for greater accountability and transparency in the financial industry. The resulting regulatory initiatives have profoundly impacted numerous facets of global finance, including Islamic financial models in the United States. Islamic finance, which is largely uncharted territory for many domestic practitioners and policy makers, is a promising mode of finance that the United States should not overlook.