Institutional Islamic Economics and Finance

Institutional economics emphasizes the role of institutions and policies in growth and under-development. This book introduces the concepts of institutional economics and discusses their application to Islamic economics, highlighting areas of convergence and divergence. It also provides real-world case studies and explores hot topics such as waqf and fintech from an Islamic perspective. Written by renowned international economists, the book is accessible to a wide audience, including academics, researchers, students, policymakers, and professionals in the Islamic finance industry.

Format: Hardback
Length: 170 pages
Publication date: 25 March 2022
Publisher: Taylor & Francis Ltd

Institutional economics asserts that institutions and policies hold greater significance for growth or underdevelopment than factors such as the size of the labor force, technological advancements, or capital investment. Within this framework, there exist two distinct categories of institutions: external institutions, which are expressed through laws, organizations, regulations, companies, banks, and similar entities, and internal institutions, which reside within the hearts and consciences of individuals.

Against this backdrop, this book aims to introduce readers to the fundamental concepts associated with institutional economics. It then delves into the theoretical frameworks related to institutional perspectives on Islamic economics, specifically highlighting areas where Islamic economic institutions intersect with conventional ones. The book also reflects upon the organizational structures that align with the core principles of Islamic institutional economics. Furthermore, it presents a collection of real-world case studies to illustrate the models of Islamic institutions that are pragmatic in today's business environment. The book offers novel insights on the subject, encompasses conceptual debates as well as practical examples, and explores hot topics such as waqf and fintech from an Islamic perspective. As the first book dedicated to this topic, it has been authored by renowned and respected international economists from the field.

The book is written in an accessible style, ensuring that the concepts are conveyed in straightforward language. Consequently, it will appeal to a wide audience, including academics, researchers, students in economics and Islamic economic studies, as well as policymakers and professionals involved in the Islamic finance industry, who are seeking to align their services and products with an Islamic institutional perspective.

Dimension: 234 x 156 (mm)
ISBN-13: 9781032130972