Handbook on Islam and Economic Life

Edited by M. Kabir Hassan, Professor of Finance, Department of Economics and Finance, University of New Orleans, US and Mervyn K. Lewis, Emeritus Professor, University of South Australia and Emeritus Fellow, Academy of the Social Sciences in Australia

‘This volume presents carefully selected research by reputed scholars on diverse topics dealing with the economic life of Muslims. The book provides a perspective not only on key aspects of the moral economy but also on the behaviour and expectations of economic agents. The distinguished editors have made a valuable contribution by expanding the scope of typical Islamic economics literature and by including topics dealing with the day-to-day life of Muslim society.’

• Contents:1. Islam, The Economy and Economic LifeM. Kabir Hassan and Mervyn K. LewisPART I: DEVELOPMENTS IN ISLAMIC ECONOMICS2. Muslim Contributions to Economics Science Abdul Azim Islahi3. Islam Versus Economics Asad Zaman4. Methodology of Islamic Economics Muhammad Nejatullah Siddiqi5. Analytical Tools of Islamic Economics: Choice and the Equi-Marginal Principle Habib AhmedPART II: THE PROBLEM OF INTEREST6. Riba, Time Value of Money and Discounting Shamim A. Siddiqui7. Riba in Islamic Economics and Finance Monzer Kahf8. Structural Compliance of Islamic Finance with Qur’anic Exegesis Azeemuddin SubhaniPART III: ECONOMIC ORGANIZATION9. The Halal Food Industry Joe M. Regenstein, Mian Nadeem Riaz, Muhammad Chaudry and Carrie E. Regenstein10. A Socio-Economic Profile of Muslim Countries Mohamed Ariff and Meysam Safari11. Female Labor Force Participation in Islamic Countries Ismail H. Genc, George Naufal and Bassam Abu Al-foulPART IV: BUSINESS AND MANAGEMENT12. The Islamic Accounting Triangle: Measurement, Disclosure and Enforcement Roszaini Haniffa and Mohammad Hudaib13. Principles of Islamic Corporate Governance Mervyn K. Lewis 14. Economics and Morality from an Islamic Perspective Rodney Wilson15. The Islamic Position on Corruption Zafar Iqbal and Mervyn K. LewisPART V: FINANCE AND INVESTMENT16. The Islamic Debate on Derivatives Andreas A. Jobst17. Meeting Expectations: The Roles and Responsibilities of Shari’ah Scholars in Islamic Finance Mohamad Akram Laldin and Hafas Furqani18. Moral Hazard in Islamic Profit-loss Sharing Contracts and Private Equity Ouidad Yousfi and M. Kabir Hassan 19. Globalizing Islamic Investment FundsNurul Aini Muhamed and Mervyn K. Lewis20. The Regulation and Supervision of Sukuk in Global Capital MarketsUmar A. Oseni and M. Kabir Hassan 21. Islamic Micro-financing Adewale Abideen Adeyemi and M. Kabir HassanPART VI: CHARITY, MUTUALITY AND SELF-HELP22. Poverty and Social Security in Islam Abdul Ghafar Ismail and Bayu Taufiq Possumah23. Zakat and the Economy Zafar Iqbal and Mervyn K. Lewis24.The Gift Economy: Waqf in the Islamic World today Tunku Alina Alias PART VII: GOVERNMENT25. The Economic Role of the State in Islam Murat Çizakça26. Political Authority in Islam Muqtedar Khan27. Budget Deficit and Instruments of Public Borrowing in the Islamic System Monzer KahfPART VIII: RELIGION AND DEVELOPMENT28. Religion and Development Volker Nienhaus29. Islamic Institutions and Underdevelopment Jared Rubin30. The Three Arab Worlds on the Eve of the ‘Arab Spring’ James E. Rauch and Scott Kostyshak31. An Islamic Perspective on the Global Financial Crisis and its Aftermath Mervyn. K. LewisIndex