Islamic Finance in the Global Economy

by Ibrahim Warde

In the past decade, Islamic finance has grown at rates exceeding 20% a year. It is now a $200 billion industry, with operations in over 70 countries. This book explains the paradox of a system rooted in the medieval era thriving in the global economy. It traces the evolution of Islamic finance, explores its significance from a historical and comparative perspective, and considers the strategic, marketing, managerial, political, economic, regulatory and cultural challenges faced by Islamic institutions. Based on rigorous academic research as well as considerable empirical work, this authoritative book is set to become an invaluable reference work for all those with an interest in Islamic and Middle Eastern economics, business and finance.

Genres: Economics, Islam, Nonfiction

256 pages, Hardcover

First published July 15, 2000

About the author

Ibrahim A. Warde is a scholar and consultant in the fields of international finance and global political economy. He is an adjunct professor of international business at The Fletcher School of Law and Diplomacy at Tufts University, where he previously served as the director of the Fares Center for Eastern Mediterranean Studies. Warde is a Carnegie Scholar and the author of several books, which include The Price of Fear: The Truth Behind the Financial War on Terror and Islamic Finance in the Global Economy. He is also a writer for Le Monde Diplomatique. Warde currently serves the academic director of the Robinson Fund for business diplomacy between the United States and the Arab World.