PREVIEW

Understanding Shari'a Finance: The Muslim Challenge to Western Economics (Book/ Paperback)

Product Overview

The last twenty years have seen a distinctly Islamic financial system become a major player on the world economic stage. The Islamic view that Islam must control all areas of life has led many Muslims to reject Western financial products and institutions, which they believe to be incompatible with shari'a law. They have also generated a wide range of alternative economic tools, initially in the Muslim world but more recently in the West, and have developed an increasingly lucrative international market. Patrick Sookhdeo sees this fast-developing "shari'a finance" as part of the Islamist agenda to subvert and subjugate Western systems under the rule of Islam. In this study he discusses the history and ideas of the movement, the character and spread of the Islamic economy, and the problems and dangers that it may present. In particular he reveals the connections between Islamic finance and radical Islamic groups. This stimulating and accessible study will interest anyone concerned about the worldwide Islamic resurgence and its possible implications for global finance and politics.

About the Author(s)

Patrick Sookhdeo is Director of the Institute for the Study of Islam and Christianity, a Christian research institute specialising in the status of Christian minorities in the Muslim world. Dr Sookhdeo is a wellknown lecturer and author who holds a Ph.D. from London University's School of Oriental and African Studies and a D.D. from Western Seminary, Oregon, USA.