Islamic banking, where fixed interest contracts are banned, needs if it is to be successful to operate within a type of financial system in which bank-industry relationships are sufficiently close and pervasive for profit- and loss-sharing arrangements to be acceptable to both sides. However,...

There are several indications that in at least some parts of the Islamic world a process of cultural and political change has begun, with the tendency towards a reassertion of Islamic values. Amongst other things, this involves formulating a concept of modern Islamic economics, the principles of...

The way forward -- Contrasting economic epistemology with and without heteronomy appendix: event, continuity, and continuum -- Filters of heterodox economic thought -- The epistemic methodology of Heterodox Islamic financial economics and its consequences -- Is there possibility for Heterodox...