Islamic Finance Alternatives for Emerging Economies: by M. Ustaoglu, A. Incekara, Ahmet ?ncekara, Murat Ustao?lu

By M. Ustaoglu, A. Incekara, Ahmet ?ncekara, Murat Ustao?lu

Islamic Finance choices for rising Economies analyzes the emergence of the Islamic monetary associations in Turkey.

Show description

Read or Download Islamic Finance Alternatives for Emerging Economies: Empirical Evidence from Turkey PDF

Best macroeconomics books

India: macroeconomics and political economy, 1964-1991

This quantity is an element of a learn undertaking initiated and financed via the realm financial institution entitled "Macroeconomic guidelines, situation, and progress within the lengthy Run," which concerned stories of the macroeconomic histories of eighteen nations as they tried to take care of fiscal balance within the face of overseas expense, rate of interest, and insist shocks or family crises within the types of funding books and comparable budgetary difficulties.

Transitional Dynamics and Economic Growth in Developing Countries

4 stylised evidence of combination financial progress are arrange at the beginning. the expansion strategy is interpreted to symbolize transitional dynamics instead of balanced-growth equilibria. by contrast heritage, the elemental significance of subsistence intake is comprehensively analysed. in this case, the which means of the productive-consumption speculation for the intertemporal intake trade-off and the expansion approach is investigated.

Global Cooperation Among G20 Countries: Responding to the Crisis and Restoring Growth

On the outbreak of the worldwide monetary hindrance, 2008, the G20 used to be broadly stated as assisting hinder an excellent extra critical decline within the international financial system. It helped to calm the panic in monetary markets and articulate a suite of attainable coverage recommendations to revive international balance and progress. even though, because the dual-track restoration set in, coverage recommendations for complicated economies and EMEs diverged.

Additional info for Islamic Finance Alternatives for Emerging Economies: Empirical Evidence from Turkey

Example text

The main principle in this approach is to liberate the individual by ensuring that he does not comply with his own material wishes. But this type of emancipation leads to serious discussions on how the relevant notions should be defined. The meanings attributed to these notions by secularism and Islam are inevitably different. Even the discussions over the concept of freedom reveal the differences between these two main approaches. The Islamic notion of freedom is different from the secular approach in Western literature.

By nature, Islam is against the individualization that has caused a number of social problems in the Western world (Özdemir, 2007). The rational economic acts by homo economicus encourage the hedonistic preferences of individuals in an effort to accumulate capital; these acts lead to some serious problems in the capitalist world. In Western secular thinking, the individual is considered as an entity that pays attention to secularized preferences to take his share of the prosperity and welfare within the limits of secular ethics.

Allah does not accept the involvement of others in His domain. This approach has been held by even primitive societies; however, this line of belief has been harmed by polytheist tendencies inflicting damage to the pure form of monotheism (Akademik Araştırma Heyeti, 2012). Islam argues that all belief systems and prophets since Adam have given the same message: that Allah is the only God who acknowledges no involvement by others in His sphere and domain. As the sole source of authority and power, Allah is aware of everything about the present and future of the individual.

Download PDF sample

Rated 4.20 of 5 – based on 32 votes