Islamic Finance in Europe

Edited by Valentino Cattelan, Lecturer in Islamic Finance, University of Rome ‘Tor Vergata’, Italy

• Contents:Preface1. Introduction. Babel, Islamic Finance and Europe: Preliminary Notes on Property Rights PluralismValentino CattelanPART I: PLURALISM AND ISLAMIC FINANCE: CONCEPTUAL TOOLS2. Law as a Kite: Managing Legal Pluralism in the Context of Islamic FinanceWerner Menski3. A Glimpse through the Veil of Maya: Islamic Finance and its Truths on Property RightsValentino CattelanPART II: ISLAMIC FINANCE, ECONOMIC DEVELOPMENT AND SOCIAL INTEGRATION4. Islamic Moral Economy as the Foundation of Islamic FinanceMehmet Asutay5. Financial Stability and Economic Development: An Islamic PerspectiveSalman Syed Ali6. Islamic Banking Contracts and Risk Profile of Islamic BanksClaudio Porzio and Maria Grazia Starita7. The Economic Impact of Islamic Finance and the European UnionLaurent Weill8. Migrant Banking in Europe: Approaches, Meanings and PerspectivesLuca M. Visconti and Enzo M. Napolitano9. Women’s Empowerment and Islam: Open Issues from the Arab World to EuropeDeborah ScolartPART III: ISLAMIC FINANCE IN EUROPE: ACCOMMODATING PLURALISM IN STATE LEGISLATIONS10. Islamic Banking in the European Union Legal FrameworkGabriella Gimigliano11. Regulating Islamic Financial Institutions in the UKJonathan Ercanbrack12. Luxembourg: A Leading Domicile for Shari‘ah Compliant InvestmentsEleanor de Rosmorduc and Florence Stainier13. Managing Islamic Finance vis-à-vis Laïcité: The Case of FranceIbrahim-Zeyyad Cekici14. A Critical View on Islamic Finance in GermanyAzadeh Farhoush and Michael Mahlknecht15. The Development of Islamic Banking in Turkey: Regulation, Performance and Political EconomyMehmet Asutay16. Conclusions. Towards a Plural Financial SystemValentino CattelanIndex

‘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.’