Although Islamic finance is one of the fastest growing segments of emerging global financial markets, its concepts are not fully exploited especially in the areas of economic development, inclusion, access to finance, and public policy. This volume is to improve understanding of the perspective of Islamic finance on economic development, social and economic justice, human welfare, and economic growth.

This book briefly surveys the evolution of the Western concept of development, recognizing the wider dimensions of human and economic development and the role of institutions and rules, which has moved toward the vision and the path of development envisaged in Islam.

Interrogating the development and conceptual framework of economic thought in the Islamic tradition pertaining to ethical, philosophical, and theological ideas, this book provides a critique of modern Islamic economics as a hybrid economic system. From the outset, Sami Al-Daghistani is concerned with the polyvalent methodology of studying the phenomenon of Islamic economic thought as a human science in that it nurtures a complex plentitude of meanings and interpretations associated with the moral self. By studying legal scholars, theologians, and Sufis in the classical period, Al-Daghistani looks at economic thought in the context of Sharī'a's moral law. Alongside critiquing modern developments of Islamic economics, he puts forward an idea for a plural epistemology of Islam's moral economy, which advocates for a multifaceted hermeneutical reading of the subject in light of a moral law, embedded in a particular cosmology of human relationality, metaphysical intelligibility, and economic subjectivity.

The study of Islam since the advent of 9/11 has made a significant resurgence. However, much of the work produced since then has tended to focus on the movements that not only provide aid to their fellow Muslims, but also have political and at times violent agendas. This tendency has led to a dearth of research on the wider Muslim aid and development scene. Focusing on the role and impact of Islam and Islamic Faith Based Organisations (FBOs), an arena that has come to be regarded by some as the 'invisible aid economy', Islam and Development considers Islamic theology and its application to development and how Islamic teaching is actualized in case studies of Muslim FBOs. It brings together contributions from the disciplines of theology, sociology, politics and economics, aiming both to raise awareness and to function as a corrective step within the development studies literature.

This book aims to explore and analyse Islamic Moral Economy (IME) as an alternative economic and social system to capitalism and socialism. It proposes a new model of Islamic development, integrating global development within an Islamic framework of spiritual development. It is argued that the failure of Muslim countries to provide basic necessities and an environment free of oppression and injustice can be overcome with this authentic Islamic development framework. In addition, this book can be an important study to identify the theological, political, social and economic boundaries for changing the society to produce IME oriented developmentalism.

What kind of economic policy package do Islamic teachings imply? This book seeks to answer this and other related questions.

This book explores the changing role of Muslim women in the economy in the twenty-first century. Sociological developments such as secular education, female-focused policies, national and global commitments to gender equality as well as contemporary technological advances have all served to shift and redefine the domestic and public roles of Muslim women, leading in many places to increases in workplace participation ​and entrepreneurship. The volume investigates the contexts of these shifts and the experiences of women balancing faith and other commitments to actively engage in the economy in vastly different countries. The book looks at how family codes and the understandings of Muslim male and female roles sit alongside social and economic advances and the increases in women partaking in the economy. ​Within a globalised world, it also highlights the importance of the implementation of the current sustainable development priorities in the context of Muslim societies, including Sustainable Development Goal 5 that focuses on the vital role of women and their full participation in all areas of sustainable development. With cases ranging from Saudi Arabia, Iran, Bangladesh, ​Pakistan, Indonesia, Nigeria, Kenya through to Spain, Bulgaria​ and Australia, Muslim Women in the Economy will be of considerable interest to those studying, researching and interested in gender, development and religious studies.