ISLAM AND MAMMON THE ECONOMIC PREDICAMENTS OF ISLAMISM PDF

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Goodreads helps you keep track of books you want to read. Want to Read saving…. Want to Read Currently Reading Read. Other editions. Enlarge cover. Error rating book. Refresh and try again. Open Preview See a Problem? Details if other :. Thanks for telling us about the problem. Return to Book Page. Preview — Islam and Mammon by Timur Kuran. The doctrine of Islamic economics entered debates over the social role of Islam in the mid-twentieth century. Since then it has pursued the goal of restructuring economies according to perceived Islamic teachings.

Beyond its most visible practical achievement--the establishment of Islamic banks meant to avoid interest--it has promoted Islamic norms of economic behavior and The doctrine of Islamic economics entered debates over the social role of Islam in the mid-twentieth century. Beyond its most visible practical achievement--the establishment of Islamic banks meant to avoid interest--it has promoted Islamic norms of economic behavior and founded redistribution systems modeled after early Islamic fiscal practices.

In this bold and timely critique, Timur Kuran argues that the doctrine of Islamic economics is simplistic, incoherent, and largely irrelevant to present economic challenges.

Observing that few Muslims take it seriously, he also finds that its practical applications have had no discernible effects on efficiency, growth, or poverty reduction.

Why, then, has Islamic economics enjoyed any appeal at all? Kuran's answer is that the real purpose of Islamic economics has not been economic improvement but cultivation of a distinct Islamic identity to resist cultural globalization. The Islamic subeconomies that have sprung up across the Islamic world are commonly viewed as manifestations of Islamic economics. In reality, Kuran demonstrates, they emerged to meet the economic aspirations of socially marginalized groups.

The Islamic enterprises that form these subeconomies provide advancement opportunities to the disadvantaged. By enhancing interpersonal trust, they also facilitate intragroup transactions. These findings raise the question of whether there exist links between Islam and economic performance. Exploring these links in relation to the long-unsettled question of why the Islamic world became underdeveloped, Kuran identifies several pertinent social mechanisms, some beneficial to economic development, others harmful.

Get A Copy. Paperback , pages. More Details Original Title. Other Editions 7. Friend Reviews. To see what your friends thought of this book, please sign up. To ask other readers questions about Islam and Mammon , please sign up. Lists with This Book. This book is not yet featured on Listopia. Community Reviews. Showing Average rating 3. Rating details. More filters. Sort order. View all 3 comments. Mar 07, Jodi added it. I definitely had issues with this book. Kuran uses broad brushstrokes to paint Islam in a negative light without using concrete evidence.

Furthermore, his analysis focuses on few Islamic countries. View 1 comment. Jun 11, Ridzwan rated it really liked it. Why is it that despite the tremendous amount of wealth that has been created over the centuries, Muslim nations still remain economically backward? Could it be due to the fact that Muslims have stayed away from conventional investments for fear of interest? Timur Kuran discusses these issues in a series of well-researched essays compiled in this timely book.

In them, he explo Why is it that despite the tremendous amount of wealth that has been created over the centuries, Muslim nations still remain economically backward?

In them, he explores the notion of Islamic Banking, the Muslim charity system and their various pitfalls which he believes has a part to play in the current state of Muslims today. Nonetheless the work successfully questions conventional wisdom and I would recommend it to everyone wishing to embark on Islamic banking or any other Islamic financial product that is widely sold in the retail markets today.

May 13, Ietrio rated it did not like it Shelves: junk. Mammon is a character and concept from the christian bible. But this volume is about islam. Than I discover a mess of terms that can or can not be equivalent: islam, islamism and muslim.

And gosh! Talking about simple minded. Only whom? The third of the global population or just Timur Kuran? Masroor rated it really liked it Jan 07, Fahmi Salleh rated it it was amazing Jan 29, Cihat rated it it was ok Jun 10, Erik rated it liked it Oct 22, Najib rated it liked it May 29, Sohaib rated it did not like it Nov 04, Fahad M rated it really liked it Feb 10, Alex rated it it was amazing Feb 02, Pseudoerasmus Econ History Only rated it liked it Jul 27, Kim Miller-Norris rated it it was ok Apr 27, Rabah rated it it was amazing Apr 18, Akif rated it liked it Sep 16, Azhar sheikh rated it it was ok Jul 09, Halimadouair rated it it was amazing Jan 10, Mustafa rated it liked it Feb 18, Henri Tournyol du Clos rated it it was ok Sep 05, Niklas Anzinger rated it really liked it Feb 10, Laith Suheimat rated it liked it Jun 25, Sylvia rated it it was amazing Jun 13, Jocylen rated it it was ok Sep 29, Weronika rated it really liked it Jan 29, There are no discussion topics on this book yet.

Readers also enjoyed. About Timur Kuran. Timur Kuran. Born in in New York City, where his parents lived while graduate students at Yale University, Kuran spent his early childhood in Ankara, where his father taught at the Middle East Technical University.

When he was a teenager, his family moved to Istanbul. Kuran obtained his secondary education in Turkey, graduating from Robert College in Istanbul in He then studied economics at Princeton University, graduating magna cum laude in He went on to Stanford University to obtain a doctorate in economics. His doctoral supervisor was Kenneth Arrow, a Nobel laureate. Books by Timur Kuran. As dedicated readers already know, some of the best and most innovative stories on the shelves come from the constantly evolving realm of young ad Read more Trivia About Islam and Mammon No trivia or quizzes yet.

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Islam and Mammon: The Economic Predicaments of Islamism; The Politics of Islamic Finance

What is Islamic banking? What is Islamic economics? These two books provide the answers. Islam and Mammon, in six fine essays that appeared earlier in different scholarly publications, sets out the genesis of these ideas and criticizes, severely but still sympathetically, both the performance and the underlying logic of this Islamic approach to economic activity. The Politics of Islamic Finance offers both thematic essays three comparing Islamic banks to conventional banks and studies of Islamic banking in five Arab countries plus Turkey. The two books complement each other: Kuran offers a more theoretical approach, whereas The Politics of Islamic Finance plunges into more specific topics with more detail. The very idea of Islamic banking-indeed, the notion of a distinctive Islamic economics-grows out of and is sustained by the largely fundamentalist impulse to defend Muslim identity and construct the ideal Islamic community.

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Islam and Mammon: The Economic Predicaments of Islamism

ISBN: His writing is lively, his arguments are cogent, and the scholarship is wide ranging. He focuses particular attention on Islamic doctrines on risk bearing, interest, and banking; redistribution and organized charity zakat ; and Islamic morality, exploring not just their doctrinal and historical origins, but how they are currently practiced. He takes considerable pains to point out the vagueness of the original doctrines and the major ways in which present practices diverge from their original spirit, for instance, how Islamic banks are able to lend at interest, even though the actual interest payments are masked.

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Many of our ebooks are available through library electronic resources including these platforms:. Since then it has pursued the goal of restructuring economies according to perceived Islamic teachings. In this bold and timely critique, Timur Kuran argues that the doctrine of Islamic economics is simplistic, incoherent, and largely irrelevant to present economic challenges. Observing that few Muslims take it seriously, he also finds that its practical applications have had no discernible effects on efficiency, growth, or poverty reduction. Why, then, has Islamic economics enjoyed any appeal at all? The Islamic subeconomies that have sprung up across the Islamic world are commonly viewed as manifestations of Islamic economics.

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