"This book analyzes the social, cultural, religious, and political implications of the Islamic economy at the global level by highlighting the foundations upon which Islamic ideology is formed and how it impacts socio-cultural and economic systems both within and outside of primarily Islamic...

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...