This working paper explores the reasons commonly identified for the rise of political and radical Islam throughout the Muslim world. Besides Anti-American sentiment which is often attributed to U.S. support for Israel as well as American backing for hated repressive regimes, especially in the...

A speedy emerging area of finance is the Shari'a compliant financial system. In first decade of 21st century Islamic financing has shown tremendous increase and global volume has reached to US $ 1,041 billion by the end of 2009. Being financial intermediaries Islamic Financial Institutions...