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Islamic Banking and Finance (IBF) has become a growing force over the past three decades, with Pakistan being one of the IBF pioneers by converting to an ‘interest-free’ banking system in 1985. However, since independence in 1947, there has been continual tension over Pakistan’s essential character, between Islamic Minimalists, who favour a Modernist interpretation of Islam, and those who favour an Islamic Maximalist interpretation that sees Pakistan as a model Islamic state. This book analyses the push to Islamize Pakistan and its financial system by Islamic revivalists, following the early 1947 debates in the original Constituent Assembly to the final 2002 ruling on IBF of the Sharia...
How religious barriers stalled capitalism in the Middle East In the year 1000, the economy of the Middle East was at least as advanced as that of Europe. But by 1800, the region had fallen dramatically behind—in living standards, technology, and economic institutions. In short, the Middle East had failed to modernize economically as the West surged ahead. What caused this long divergence? And why does the Middle East remain drastically underdeveloped compared to the West? In The Long Divergence, one of the world's leading experts on Islamic economic institutions and the economy of the Middle East provides a new answer to these long-debated questions. Timur Kuran argues that what slowed the...
When do international non-governmental organizations like Oxfam or Human Rights Watch actually work? Help or Harm: The Human Security Effects of International NGOs answers this question by offering the first comprehensive framework for understanding the effects of the international non-governmental organizations working in the area of human security. Unlike much of the previous literature on INGOs within international relations, its theoretical focus includes both advocacy INGOs—such as Amnesty International or Greenpeace, whose predominant mission is getting a targeted actor to adopt a policy or behavior in line with the position of the INGO—and service INGOs—such as CARE or Oxfam, wh...
From the start of the U.S. war in Afghanistan in 2001 to the withdrawal of U.S. troops in 2014, Pakistan's military cooperation was critical to the United States. Yet Pakistani politics remain a source of anxiety for American policymakers. Despite some progress toward democratic consolidation over the last ten years, Pakistan's military still asserts power over the country's elected government. Pakistan's western regions remain largely ungoverned and home to the last remnants of al-Qaeda's original leadership as well as multiple militant groups that have declared war on the Pakistani state. The country's economy is in shambles, and continuing tensions with India endanger efforts to bring a d...
Historically, Indian cinema has positioned women at the intersection of tradition and a more evolving culture, portraying contradictory attitudes which affect women’s roles in public and private spheres. Examining the work of three directors from West Bengal, this book addresses the juxtaposition of tradition and culture regarding women in Bengali cinema. It argues the antithesis of women’s roles, particularly in terms of ideas of resistance, revolution, change, and autonomy, by suggesting they convey resistance to hegemonic structures, encouraging a re-envisioning of women’s positions within the familial-social matrix. Along with presenting a perception of culture as dynamic and evolv...
What is Financial Market A financial market is a market in which people trade financial securities and derivatives at low transaction costs. Some of the securities include stocks and bonds, raw materials and precious metals, which are known in the financial markets as commodities. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Financial market Chapter 2: Derivative (finance) Chapter 3: Finance Chapter 4: Stock exchange Chapter 5: Capital market Chapter 6: Financial capital Chapter 7: Commodity market Chapter 8: Stock market Chapter 9: Speculation Chapter 10: Short (finance) Chapter 11: Money market Chapter 12: Financial services Chapter 13: Swap (fi...
Sharia-compliance is the raison d’etre of Islamic banks. All of their instruments and activities should be based on sharia principles, which unfortunately exposes them to greater risks than their conventional counterparts, regulated under the dual banking system in Indonesia. These include inconsistencies between fatwas, unique reputational risks, and inefficiencies in the regulatory framework governing Islamic banks. This book critically examines the less-studied issue of developing an Islamic banking regulatory and supervisory framework that considers the risk pressures faced by Islamic banks’ operations in an Indonesian financial sector dominated by conventional banks. The book assess...
Governance and ethics are intertwined. A government functions within certain broad moral and ethical parameters, integrally linked with the sociological foundation of the polity in which it is articulated. The importance of ethics in governance has acquired a significant place in contemporary theoretical discussion. This book situates ethics in governance in India in the national frame and incorporates the context of globalization, allowing for the increasing importance of non-state global actors in national decision making. The author argues that a lack of ethics quickly turns into corruption and leads to governmental efforts to deal with it. He proposes that ethics are a set of standards that a society places on itself to articulate its responses to societal needs, and discusses the efforts of the Indian government at eradicating corruption and its failure. A theoretical approach to the issues of ethics in governance and corruption, this book is of interest to academics in the fields of Asian Politics, in particular Indian politics, and political philosophy.
What is Banking History The history of banking began with the first prototype banks, that is, the merchants of the world, who gave grain loans to farmers and traders who carried goods between cities. This was around 2000-BC in Assyria, India and Sumer. Later, in ancient Greece and during the Roman Empire, lenders based in temples gave loans, while accepting deposits and performing the change of money. Archaeology from this period in ancient China and India also shows evidence of money lending. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: History of banking Chapter 2: Central bank Chapter 3: Islamic banking and finance Chapter 4: Usury Chapter 5: M...
This book, the first academic book on Pakistani documentary cinema, traces the development of activist filmmaking practices in Pakistan which have emerged as a response to the consequences of religious fundamentalism, extremism, and violation of human rights. Beginning with the period of General Zia-ul-Haq’s Islamization process (1977-88), it discusses a selection of representative documentary films that have critically addressed and documented the various key transformations, events, and developments that have shaped Pakistan’s socio-political, socio-economic, and cultural history. Such activist filmmaking practice in Pakistan is today an influential factor in addressing the politics, a...