Islamic Finance: From Niche To Mainstream In The Academic World

Islahi, Abdul Azim (2014): Islamic Finance: From Niche To Mainstream In The Academic World. Published in: Islamic Banking and Finance Review , Vol. 1, No. 1 (2014): pp. 37-48.

Abstract

Not very long ago the practicability of Islamic banking and finance was not taken seriously, and writing on such topics was considered simply a mental exercise in vain. Opportunity of teaching and learning Islamic economics, banking and finance was unheard. But the situation at present has completely changed. At present it is the most discussed and practiced area of Islamic economics. It has received global recognition. Now there is a vast variety of degree programmes in the Western universities, with different specializations. The present paper aims to shed light on the rapid development of Islamic finance in the academic circle all over the world. At the concluding note it strongly recommends for keeping close tie between its theoretical development and practical advancement.

• Item Type: MPRA Paper
• Language: English
• Keywords: Islamic Banking, Islamic Finance, History of Islamic Banking and Finance, Objectives of Islamic Finance, Islamic Economics.
• Subjects: B - History of Economic Thought, Methodology, and Heterodox Approaches > B2 - History of Economic Thought since 1925 > B26 - Financial Economics; B - History of Economic Thought, Methodology, and Heterodox Approaches > B2 - History of Economic Thought since 1925 > B29 - Other; B - History of Economic Thought, Methodology, and Heterodox Approaches > B5 - Current Heterodox Approaches; G - Financial Economics > G0 - General > G00 - General; Z - Other Special Topics > Z1 - Cultural Economics ; Economic Sociology ; Economic Anthropology

References

Ahmad, Khurshid (Ed.). (1980). Studies in Islamic Economics. Jeddah: International Center for Research in Islamic Economics, KAU.

al-Fanjari, Shawqi. (1994). al-Wajiz fi'l-Iqtisad al-Islami Cairo. Cairo: Dar al-Shuruq.

al-Jarhi, Ma`bid (2008, 28-29 April). An Overview for Human Resource Needs for the Islamic Financial Services Industry for Next 10 Years. Paper presented at the International Islamic Finance Education Symposium, IIUM, Kuala Lumpur.

al-Najjar, Ahmad (1993). Harkat al-Bunuk al-Islamiyah: Haqa’iq al-Asl wa Awham al-Surah. Cairo: Sprint.

Ali, S. N, & Ali, N. N (1994). Information Sources on Islamic Banking and Economics. London: Kegan Paul international.

Askari, Hossein, Zamir Iqbal, Noureddine Krichene, & Abbas, Mirakhor. (2012). Risk-sharing in Finance: The Islamic Finance Alternative. Singapore: John Wiley and Sons (Asia), Pte. Ltd.

Belabes, Abderrazak , & Belouafi, Ahmad. (2011). Baramij wa mawadd al-tamwil al-Islami fi mu`assasat al-ta`lim al-`ali: al-malamih wa al-ittijahat (programs and courses on Islamic finance in institutions of higher studies – prospects and directions) Jeddah: Islamic Economics Research Center, King Abdulaziz University.

Datta, Jitindra Mohan (1939). Zakat: The Economic Basis of Islamic Tithe. The Economic Journal, London, XLIX(4), 365-369.

Hamidullah, M. (1957). Haiderabad’s Contribution to Islamic Economics. Die Welt des Islams(Leiden), 4(2-3), 74-75.

Khan, Muhammad Akram (1992). Bibliography of Studies in English published During 1940-1990. Jeddah: King Abdulaziz University Press.

Merbouh, Kader, & Pierre-Pradier, Charles. (2012). Islamic Finance in Sorbonne. In Ahmed Belouafi, Abderrazak Belabes & Cristina Trullols (Eds.), Islamic Finance in Western Higher Education: Developments and Prospects. Hampshire, England: Palgrave macmillan.

Namiq, Salah al-Din. (1981). "Taqdim"(Preface). In Muhammad Shawqi al-Fanjari (Ed.), Dhatiyat al-Siyasat al-Iqtisadiyat al-Islamiyah (pp. 9). al-Qahirah: Maktabah al-Salam al-Alamiyah.

Nienhaus, Volker. (2012). Foreword. In Belouafi Ahmed, et al (Ed.), Islamic Finance in Western Higher Education: Developments and Prospects. Hampshire: England: Palgrave macmillan.

Parker, Mushtak. (2010, 18 January). Islamic Finance Education Gains Momentum in UK, Jeddah, Arab News.

Qureshi, Anwar Iqbal (1945). "Preface" of Islam and the Theory of Interest. Lahore: Sh. M. Ashraf.

Siddiqi, Muhammad Nejatullah. (1978). Contemporary Literature on Islamic Economics Jeddah: International Center for Research in Islamic Economics, KAU.

Siddiqi, Muhammad Nejatullah. (2004). Keynote Address on Islamic Economics" delivered to the Roundtable Discussion on the Current State of Knowledge and Development of the Discipline (pp. 11). Jeddah: IDB.

Uzair, Muhammad (1955). An Outline of Interest-less Banking. Karachi/Dacca: Raihan Publications.

Wilson, Rodney. (1983). Banking and Finance in the Arab Middle East. New York: St.Martin Press.