Beyond debt : Islamic experiments in global finance /Daromir Rudnyckyj
Material type: TextPublisher number: International Book Distributors | ;Flat No.17,Prakash Apartments,5 Ansari Road,New Delhi-110002Publication details: Chicago : The University of Chicago Press , 2019Description: viii,263 Pages ;24 cmISBN: 9780226552088Subject(s): Social SciencesGenre/Form: ;Finance, Public -- Islamic countries.DDC classification: 332.0420 RUDItem type | Current library | Call number | Status | Date due | Barcode | Item holds |
---|---|---|---|---|---|---|
Books | SNU LIBRARY | 332.0420 RUD (Browse shelf(Opens below)) | Available | 27248 |
Browsing SNU LIBRARY shelves Close shelf browser (Hides shelf browser)
332.042 JOS Global capital markets | 332.042 LIA Capital markets | 332.042 PIL International Finance | 332.0420 RUD Beyond debt | 332.042 RUS An Introduction to Fund Management | 332.042 SAS The Global city | 332.042 TOO Crashed : |
Introduction: pious finance in the Islamic global city --
Infrastructure --
An infrastructure for Islamic finance --
Expertise in action --
Counterdebt --
Operations --
Making bonds Islamic --
Adjacent system or original knowledge? --
Consuming form, investing in substance --
Problematization --
Experimenting with risk --
Subjects of debt, subjects of equity --
Conclusion: an emergent geoeconomics.
Recent economic crises have made the centrality of debt, and the instability it creates, increasingly apparent. This realization has led to cries for change--yet there is little popular awareness of possible alternatives. Beyond Debt describes efforts to create a transnational economy free of debt. Based on ethnographic fieldwork in Malaysia, Daromir Rudnyckyj illustrates how the state, led by the central bank, seeks to make the country's capital Kuala Lumpur "the New York of the Muslim world"--The central node of global financial activity conducted in accordance with Islam. Rudnyckyj shows how Islamic financial experts have undertaken ambitious experiments to create more stable economies and stronger social solidarities by facilitating risk- and profit-sharing, enhanced entrepreneurial skills, and more collaborative economic action. Building on scholarship that reveals the impact of financial devices on human activity, he illustrates how Islamic finance is deployed to fashion subjects who are at once more pious Muslims and more ambitious entrepreneurs. In so doing, Rudnyckyj shows how experts seek to create a new "geoeconomics"--a global Islamic alternative to the conventional financial network centered on New York, London, and Tokyo. A groundbreaking analysis of a timely subject, Beyond Debt tells the captivating story of efforts to re-center international finance in an emergent Islamic global city and, ultimately, to challenge the very foundations of conventional finance.
There are no comments on this title.