Islamic Finance as a Complex System

Haider Ali Khan is John Evans Distinguished University Professor at the Joseph Korbel School of International Studies at the University of Denver.Karamo N.M. Sonko is Chairman and Founder, Heeno International.

• ForewordM. Kabir HassanChapter1 :Introduction Haider A. Khan and Karamo N.M. SonkoChapter 2: Islamic Banking in General Equilibrium: A Structural CGE Model for Policy Making within a Complex Socio-economic System Haider A. KhanChapter 3: Promoting Islamic Finance in Africa: Top Bottom or Bottom Up? A Case Study of Banking in The Gambia Karamo N.M. Sonko and Mariama SonkoChapter 4: Making Islamic Finance “Islamic”: Authenticity in Islamic Banking and Finance Institutions Sarah A. TobinChapter 5: Does Islamic Banking Favour Price Stability? Empirical Evidence from the GCC, Iran and SudanTamsir ChamChapter 6: The Sukuk Industry in MalaysiaNursilah AhmadChapter 7: Islamic Finance as a Contributor to Development Finance: Some Views from the World Bank Group Ousmane DiaganaChapter 8:Islamic Banking after Financial Crises: A Version of the Iceland Plan for MonetaryReformAsad Zaman

“By demonstrating through rigorous analysis the links between Islamic Finance and infrastructural development together with its contribution to domestic price stability by means of concrete country case studies across Continents, this book has confirmed Islamic Finance as an integral part of the Global Financial System. The relevance of Islamic Banking to people's well-being across both Muslim and non-Muslim societies revealed by the book should help counter both radical Islamic extremists as well as Islamophobia by promoting inter-faith harmony. Finally, while the book simplifies the complexities of the concept and operation of the Islamic Banking principles, the findings will doubtless win the confidence of academics by the sophisticated quantitative statistical tools and methodology applied to arrive at its conclusions.”