: Islamic experiments in global finance Rudnyckyj, Daromir creator Rudnyckyj, Daromir text Chicago : The University of Chicago Press ©2019 monographic eng

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viii, 263 pages : illustrations ; 24 cm 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 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. / Daromir Rudnyckyj Economics Financial economics Finance, Public -- Malaysia Finance -- Religious aspects -- Islam Debt equity conversion Finance, Public Islamic countries Malaysia Islamische Bank Debt equity conversion -- Islamic countries Bonds (Islamic law) -- Islamic countries 332.04209 RUD 9780226552088 :Segment Book Distributors :22, Prakash Deep 1st Floor Delhi Medical Association Road Daryaganj New Delhi 190718 20190911125007.0