Modern Perspective of Islamic Economics and Finance

Ahmet Suayb Gundogdu is an accomplished and internationally experienced seeker of knowledge with a first-class academic grounding in international trade, finance and economics. Currently working for the Islamic Development Bank Group, he holds a BA in International Trade from Bogazici University and an MA in International Development from the International University of Japan. He completed his PhD in Islamic Finance at Durham University, UK. Gundogdu has held several positions within IDB Group; he served as a Senior Program Manager and Country Representative at Islamic Solidarity Fund for Development, and managed a portfolio of about $1 billion at the International Islamic Trade Finance Corporation. Presently, he is Senior Technical Specialist of Chief Economist & Director General of Global Practices at Islamic Development Bank, and Associate Professor of Finance at Istanbul Zaim University. He has developed new Islamic finance products that are implemented and recognized by the finance industry with international awards.

• PREFACE: LIZARD HOLE PART I. THE SHIP OF FOOLS PART II. THE MILKMAID AND HER PAIL PART III. CARAVANPART IV. ELEVEN ROUNDSPART V. CONQUISTADORPART VI. THE MISERPART VII. EXCEPT BY TAQWA

Gundogdu develops a blueprint for Islamic economics and finance by starting at the grass roots of trade and commerce. Among his topics are Maqasid al-Shari'ah: the purpose of divine rules, the more probably origin of the monetary system, a tale of two cities: Singapore and Hong Kong, random walk versus Islamic reasoning, financing working capital, resolution of dissolution for Islamic capital markets, and complementary currency as an anti-venom.