Beyond Debt: Islamic Experiments In Global Finance


by Rudnyckyj, Daromir

Beyond Debt: Islamic Experiments In Global Finance

Price:  US$25.92   (SGD36.00*)
Format:  Paper Back, 263 pages
Published:  2018, Singapore, 1st Edition
ISBN:  9789813250123
SB#:  062077 (131)

About This Book

Recent economic crises have made the centrality of debt, and the instability it creates, increasingly apparent. This realization has led to cries for change-yet there is little popular awareness of possible alternatives. Beyond Debt describes efforts to create a transnational economy free of debt. Based on ethnographic fieldwork in Malaysia, Daromir Rudnyckyj illustrates how the state, led by the central bank, seeks to make the country's capital Kuala Lumpur "the New York of the Muslim world"-the central node of global financial activity conducted in accordance with Islam. Rudnyckyj shows how Islamic financial experts have undertaken ambitious experiments to create more stable economies and stronger social solidarities by facilitating risk- and profit-sharing, enhanced entrepreneurial skills, and more collaborative economic action.


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