Islamic Finance in the Global Economy 2nd Ed

Islamic finance has been growing at rates exceeding 20% a year and is now a US$1200 billion industry, with operations in over 100 countries. This book explains the paradox of a system rooted in the medieval era thriving in the global economy. The author places Islamic finance in the context of the global political and economic system and covers core issues including the moral economy of Islam, differences between countries such as Pakistan, Iran, the Sudan and Malaysia, and religious issues and challenges. This second edition has been completely revised and updated to take into account the great changes and developments in the field in recent times.