000 03074nam a22003377a 4500
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008 190718b ||||| |||| 00| 0 eng d
020 _a9780226552088
028 _a:Segment Book Distributors
_b:22, Prakash Deep 1st Floor Delhi Medical Association Road Daryaganj New Delhi
_c:58344
_d:08/07/2019
082 _a332.04209 RUD
100 _aRudnyckyj, Daromir,
245 _aBeyond Debt
_b : Islamic experiments in global finance
_c/ Daromir Rudnyckyj
260 _aChicago
_b : The University of Chicago Press,
_c©2019
300 _aviii, 263 pages
_b : illustrations
_c ; 24 cm
365 _b1823
505 _a 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.
520 _aRecent 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
650 _aEconomics
650 _aFinancial economics
650 _aFinance, Public -- Malaysia.
650 _aFinance -- Religious aspects -- Islam.
650 _aDebt equity conversion
650 _aFinance, Public.
650 _aIslamic countries.
650 _aMalaysia.
650 _aIslamische Bank
650 _aDebt equity conversion -- Islamic countries.
650 _aBonds (Islamic law) -- Islamic countries.
700 _a Rudnyckyj, Daromir,
942 _cBOOK