Argues that the basis of Islamic finance upon equity financing and risk sharing creates an industry inherently more stable than conventional financial systems. For example, conventional financial systems open themselves up to instability by transmitting interest rates, speculation, capital flows, and international credit default swaps and acquisition of toxic assets.
Recounts the relatively simultaneous emergence of globalization and the Islamic finance industry. Analyzes empirical evidence of the impact of globalization on
Defines concepts and principles essential to the Islamic Finance industry as well as answering frequently asked questions regarding the practice and real-world application of Islamic finance.
Argues that a new brand of American banking for people of all faiths (especially Abrahamic) is a viable expansion of the theories behind Islamic banking. This brand, Riba-Free (RF) banking, is based in principle on the prohibitions of interest found in the Jewish and Christian Bibles and the Quran.
Explores the establishment of Islamic finance as an industry, with emphasis on its current limitation to banking only. Critically reviews the industry, with special emphasis on improvements in governance, institutions, public finance, and development.
A special thematic issue of Thunderbird devoted to International Islamic finance, it includes topics of growing acceptance beyond the boundaries of
Explores distinguishing features of the Islamic economic system, including the philosophical roots of ownership of resources and property rights, Islamic welfare, fundamental prohibitions (riba, gharar,