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Reformation and Development in the Muslim World
This book explores how the recent development of Muslim countries as a group has fallen far short of non-Muslim countries, which, some have concluded, may be a result of Islamic teachings. The authors examine Muslim countries over time, viewing their progression on the Islamicity scale. They assess why some countries have done better than others, and to derive useful policy recommendations to improve political, social, human, governance and economic performance.
The Political Economy and Islam of the Middle East
This book analyzes the political economy of the MENA region with a focus on pre-revolutionary political and economic conditions, the 2011 revolution itself, and post-revolutionary political processes in Tunisia. The author places particular emphasis on the political role of women, Islam, and democracy after the revolution, and argues that post-Revolution Tunisia serves as an ideal model for the MENA region to follow. This volume will interest scholars, students, researchers, and everyone who is interested in the politics of MENA and political economy.
Conflicts in the Persian Gulf
This book analyzes the origins of conflicts and wars in the Persian Gulf, assesses the common factor(s) that have been their essential fuel, determines their fallout for the political, economic, and human development of the region, and provides insight into how they may be better contained.
Islamicity Indices
The extent of Islamicity, or what Islam demands, is measured to confirm that self-declared Muslim countries have not adopted foundational Islamic teachings for rule-compliant Muslim communities. Western countries, on the other hand, are demonstrated to have better implemented fundamental Islamic teachings for a thriving society.
Conceptions of Justice from Islam to the Present
This book explains a perspective on the system of justice that emerges in Islam if rules are followed and how the Islamic system is differentiated from the conventional thinking on justice. It examines conceptions of justice from the Enlightenment to Bentham to Rawls to contemporary philosophers including Sen, Cohen, Nussbaum, and Pogge. The authors present the views of twentieth century Muslim thinkers on justice who see Muslims upholding rituals but not living according to Qur’anic rules. It provides empirical surveys of the current state of justice in Muslim countries analyzing the economic, social, and political state of affairs. The authors conclude by assessing the state of justice-injustice in Muslim countries and highlighting areas in need of attention for justice to prevail.
Ideal Islamic Economy
This book provides an introduction to the vision of an economic system based completely on the Holy Qur’an—a system defined as a collection of institutions, representing rules of behavior, prescribed by Allah for humans, and the traditions of the Messenger. The authors argue that the main reason for the economic underperformance of Muslim countries and their economies has been non-compliance with the prescribed rules of behavior. Rule non-compliance has been chiefly due to the failure of Muslims to comprehend the Metaframework of the Qur’an and the Archetype Model of the Prophet Mohammad and interpret them in ways compatible with their own generation and time. Askari and Mirakhor believe these rules (institutions), properly adapted to prevailing conditions present what they consider as an ideal economic system.
Collaborative Colonialism
This book is an analysis of how oil has affected governance and human, political, and economic development in the countries of the Persian Gulf and shaped these countries' relations with the rest of the world.
The Gold Standard Anchored in Islamic Finance
Askari and Krichene provide a comprehensive background for recent international financial crises rapid expansion of interest-bearing debt and monetary expansion though the fractional reserve banking system. In this context, the authors provide an analysis of the experience and issues associated with international payments systems the various forms of the gold standard, the Bretton Woods system and the present system of flexible exchange rates. The authors go on to examine the case for fixed exchange rates (gold standard and other interesting variations) anchored in Islamic finance. The message of this book is that the gold standard could provide a solution for addressing international financial instability if and only if it is anchored in 100% reserve banking, which is an essential pillar of Islamic finance.
An Islamic Model for Stabilization and Growth
This book argues that the macroeconomic policy adjustment models recommended by the IMF and the World Bank for implementation in many Muslim countries, with substantial donor financial support, have not been effective. Economic indicators show low economic growth, persistent fiscal and external deficits and limited industrialization. Also, these countries are experiencing increases in unemployment, poverty and substantial growth in income and wealth inequalities. These facts underline an urgent need to produce an alternative to the failed conventional macroeconomic model in order to address the challenge of macroeconomic and social adjustment policies. The project posits and investigates the idea that the Islamic economic model prescribed in the Quran and applied by the Prophet (sawa) could be the ideal model for Muslim as well as non-Muslim countries.
Reopening Muslim Minds
A fascinating journey into Islam's diverse history of ideas, making an argument for an "Islamic Enlightenment" today In Reopening Muslim Minds, Mustafa Akyol, senior fellow at the Cato Institute and opinion writer for The New York Times, both diagnoses “the crisis of Islam” in the modern world, and offers a way forward. Diving deeply into Islamic theology, and also sharing lessons from his own life story, he reveals how Muslims lost the universalism that made them a great civilization in their earlier centuries. He especially demonstrates how values often associated with Western Enlightenment — freedom, reason, tolerance, and an appreciation of science — had Islamic counterparts, whi...
