"After delving into the problems of the present monetary system, it then argues how a return to a gold payment system - like the Islamic dinar - could solve many of the woes of today's economic system. A return to such a system is not only desirable from the economic, political, social and religious perspectives, but also urgent in the present era of globalisation and impending world recession, besides providing a conducive environment for Islamic economics, banking and finance to flourish." "Ahamed Kameel Mydin Meera is the Head of the Department of Business Administration, Faculty of Economics and Management Sciences, International Islamic University Malaysia, in Kuala Lumpur, Malaysia."--BOOK JACKET.

The present volume is dedicated to Michael L. Bates, Curator Emeritus of Islamic Coins at the American Numismatic Society.

'It was a humbling experience to read the product of such a remarkable feat of scholarship. It is all at once an exploration in analytic history and a complete text of Islamic finance theory and application. It is also one of the most succinct renditions of the evolution of Islamic finance embedded in a comprehensive account of the particularities of economies as diverse as Malaysia and Turkey. This is a unique contribution to Islamic finance and Islamic economic history. It has been a rewarding learning experience. It is truly a breathtaking effort.' – Abbas Mirakhor, former IMF Executive Director and the recipient of the Islamic Development Bank Prize in Islamic Economics (2003) This illuminating and thought-provoking book questions whether classical Islamic capitalism, which has served Muslims so well for centuries, can provide a viable alternative world economic system. In the current recession – the worst since 1929 – this is surely a provocative question. But if Islamic capitalism is to emerge as a viable alternative, its nature and systems must be well understood. Murat Çizakça explores key issues within Islamic capitalism and finance, shedding light on whether the Islamic system can indeed be called 'capitalist', the principles on which the system was built, the institutions that were consequently developed, how they function and have evolved, and, perhaps, most importantly, whether they can be modernized to meet today's needs. Against the backdrop of rapid change in the Middle East, this book gives a solid background to the economic systems that will emerge in the world of Islam. An essential guide to the past, present and future of Islamic economy and finance, this compelling book will prove to be of particular interest to academics and researchers of economics, finance, economic and financial history and political science.

Roman and barbarian precedents The growth of self-centered agriculture The take-off of the commerical revolution The uneven diffusion of commercialization Between crafts and industry The response of the agricultural society.

Written by bestselling author Saviour Pirotta, this fast-paced story is set in the Islamic Golden Age when Baghdad was the largest and most dazzling city in the world. Perfect for fans of thrilling adventure. Thirteen-year-old Jabir is hoping to save his family from being made homeless by finding work in Baghdad. Famished after his long journey to the city, Jabir is caught stealing bread and sent to prison. Luckily, one of the guards there notices that he has a gift for carving wooden models and he is released on the orders of the grand caliph Harun al Rashid himself. In return Jabir must carve twelve golden horsemen, a gift from the caliph to the emperor Charlemagne. But someone is determined to stop Jabir from completing the work and he will stop at nothing, not even arson, to achieve his aim. Can Jabir and his friend Yasmina finish the horsemen or will Jabir be sent back to prison? Ideal for readers aged 8+, this exciting and readable adventure story is packed with great characters and insight into Islamic civilisation and the historic culture of the Middle East circa AD 900, a period which is now studied in the National Curriculum. The Flashbacks series offers dramatic stories set in key moments of history, perfect for introducing children to historical topics.