Islamic Finance in Europe: Towards a Plural Financial System
Author(s): Valentino Cattelan
Publisher: Edward Elgar Publishing Ltd
Publication Date: 30 April 2013
Language: English
Print length: 272 pages
ISBN-10: 9781781002506
ISBN-13: 1781002509
Book Description
Highlighting the impact of current globalization on financial markets, this topical book challenges the universality of Western property rights and interprets Islamic finance in Europe as part of a plural financial system, where different conceptions of economic justice(s) co-exist and influence each other.
The contributing authors analyse key economic development and social integration issues from an Islamic perspective and outline the European approach to accommodating Islamic finance, with particular regard to the peculiarities of individual nation-states. Set in this context, the book presents financial pluralism as a device to enhance a level playing field in the global marketplace, as well as to foster a plural open society.
Providing a comprehensive and methodological guide to Islamic finance in Europe, this book will prove an illuminating and informative read for academics, students and policymakers with an interest in the impact on financial regulation of an increasingly globalized world.
Contributors: S.S. Ali, M. Asutay, V. Cattelan, I.-Z. Cekici, E. de Rosmorduc, J. Ercanbrack, A. Farhoush, G. Gimigliano, M. Mahlknecht, W. Menski, E.M. Napolitano, C. Porzio, D. Scolart, F. Stainier, M.G. Starita, L.M. Visconti, L. Weill
Editorial Reviews
Review
‘This book is a useful contribution to the increasing literature on Islamic finance. . . Although the progress of Islamic banking has been painfully slow in Europe, it is worth observing that the experience compares favourably with North America, where Islamic banking is even more limited, or the non-Muslim majority countries of Asia, notably India and China, where Islamic banking is regarded with extreme scepticism. There may be lessons that those in other parts of the world can learn from Europe’s experience of Islamic banking, limited as it is.’ — Rodney Wilson, Journal of Economics Literature
‘A thought provoking and scholarly compendium of essays on various important aspects of Islamic finance. The book is wider ranging than its title suggests; the key chapters do focus on the EU, but there are broader and particularly interesting topics including women and Islam and financial stability and development in the context of Islam. Overall a solid assessment of the progress Islamic finance has made in Europe.’ — John Presley, Loughborough University, UK
About the Author
Edited by Valentino Cattelan, Lecturer in Islamic Finance, University of Rome ‘Tor Vergata’, Italy
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