Politics of Islamic Finance

Clement Henry is Professor of Government at the University of Texas at Austin. He is author of The Mediterranean Debt Crescent (1997) and co-author (with Robert Springborg) of Globalization and the Politics of Development in the Middle East (2001). Professor Wilson was the founder of the Islamic finance programme at Durham University in the United Kingdom where he continues to be an Emeritus Professor. He was a Visiting Professor at the Qatar Faculty of Islamic Studies in from 2009 untill 2012 and since 2013 has been an Emeritus Professor at the International Centre of Education in Islamic Finance (INCEIF), Kuala Lumpur. Professor Wilson was awarded the IDB prize in Islamic banking in 2014 in recognition of his academic work on the subject.

• Table of Contents; Introduction; Clement Henry and Rodney Wilson; Part I - Thematic Essays; 1. Islamic Banks: The Rise of A New Power Alliance of Wealth and Shari'ah Scholarship; Monzer Kahf (formerly Islamic Development Bank, Jeddah, Saudi Arabia); 2. Global Politics, Islamic Finance and Islamist Politics Before and After September 11, 2001; Ibrahim Warde (Centre for Middle Eastern and Islamic Studies, Harvard); 3. The Murabaha Syndrome in Islamic Finance: Laws, Institutions and Politics; Tarik Yousef (Centre for Contemporary Arab Studies, Georgetown University); 4. Marketing Commodities Does Not Happen on Commodity Markets: The Egyptian Bursat al-'Uqud and Oil Futures Markets; Ellis Goldberg (Department of Political Science, University of Washington); 5. Financial Performances of Islamic versus Conventional Banks; Clement Henry (Department of Government, University of Texas at Austin); 6. Capital Flight through Islamic Managed Funds; Rodney Wilson (Institute for Middle Eastern and Islamic Studies, University of Durham); Part II - Case Studies; 7. Interest Politics: Islamic Finance in the Sudan 1977-2001; Endre Stiansen (Centre for Development and the Environment, University of Oslo); 8. The Kuwait Finance House and the Islamization of Public Life in Kuwait; Kristin Smith (Department of Government, Harvard); 9. Jordan: A Case Study of the Relationship between Islamic Finance and Islamist Politics; Mohammed Malley (Department of Government, University of Texas at Austin); 10. The Political Economy of Islamic Finance in Turkey: The Role of Fethullah Gulen and Asya Finans; Filiz Baskan (Faculty of Communications, Baskent University, Turkey); 11. Aiyyu Bank Islami? The Marginalization of Tunisia's BEST Bank; Robert Parks (Department of Government, University of Texas at Austin); 12. The Rise and Decline of the Islamic Banking Model in Egypt; Samir Soliman (Department of Social and Political Science, University of Lausanne, Switzerland); Conclusion; Clement Henry and Rodney Wilson.

This timely book demonstrates how in-depth academic scholarship can make a signal contribution to a major topical issue of public policy.