Rabu, 26 Juni 2013

A Muslim Archipelago: Islam and Politics in Southeast Asia

Max L. Gross; A Muslim Archipelago: Islam and Politics in Southeast Asia
National Defense Intelligence College
Washington, DC
March 2007

Dr. Max Gross, a trained historian, has written a baseline history of Islam in Southeast Asia. Starting with basic questions such as how did Islam come to this region, he connects the interaction of local authorities, colonial powers, and governments with the challenge Islam has presented to governance for more than a thousand years. Especially strong are the introductory and concluding chapters. The former provides a short scan of the history of the expansion of Islam into Southeast Asia and of the relationship of colonial legacies of the British, Dutch, Portuguese, Spanish, and Americans to Islam today in the region. The last chapter traces the development of the idea of an Islamic state from the time of Mohammad in Medina to its present-day role in the politics of Southeast Asia.
Still, this is a book with a contemporary focus. Dr. Gross’s purpose is to use history to explain today’s Islamic insurgencies in Indonesia, Malaysia, Thailand, and the Philippines and to offer perspectives for the future. These four countries fall along a spectrum. Indonesia, the world’s largest Muslim country, is about 90 percent Muslim, and the conflicts which Dr. Gross examines are largely between a secularization of Islam, especially Sukarno’s Pancasila mixing Islam and nationalism, and the much more traditional Islamic orthopraxy among the Acehnese and others. Malaysia has a different context; its population is 53 percent Muslim, and the central question concerns accommodation between the majority Muslims and the minority Christians and ethnic Chinese. In Thailand and the Philippines, where the Muslims are minorities themselves (approximately four and five percent respectively), the question is political accommodation in the opposite direction. Underlying most of these confl icts are separatist histories based not only on religious differences but also on geographic, ethnic, racial, and social disparities.
This book’s unique contribution is that it brings together in one reference a mass of information on the insurgencies in Southeast Asia. The country accounts are detailed and thorough as to events, organizations, dates, and participants. The chronological context provides Dr. Gross the opportunity to give his insights about historical causality. His accounting highlights the interaction of the insurgencies within Southeast Asia and their international connections outside the region. Especially good are the detailed presentations in the chapters on Indonesia and the Philippines.

The Legendary Biographies of Tamerlane: Islam and Heroic Apocrypha in Central Asia

Ron Sela, "The Legendary Biographies of Tamerlane: Islam and Heroic Apocrypha in Central Asia (Cambridge Studies in Islamic Civilization)"
Publisher: Cambridge University Press | ISBN 10: 0521517060 | 2011 | PDF | 184 pages | 6 MB

Timur (or Tamerlane) is famous as the fourteenth-century conqueror of much of Central Eurasia and the founder of the Timurid dynasty. His reputation lived on in his native lands and reappeared some three centuries after his death in the form of fictional biographies, authored anonymously in Persian and Turkic. These biographies have become part of popular culture. Despite a direct continuity in their production from the eighteenth century to the present, they remain virtually unknown to people outside the region. This remarkable and rigorous scholarly appraisal of the legendary biographies of Tamerlane is the first of its kind in any language. The book sheds light not only on the character of Tamerlane and how he was remembered and championed by many generations after his demise, but also on the era in which the biographies were written and how they were conceived and received by the local populace during an age of crisis in their own history.


Author:Ralph W. Stice
Publisher:ACW Press

Description:Based on extensive research of Muslims, Islamic teachers and Imams over two decades and 10 years of living among them, Ralph Stice believes that Islam will play a central role in the End Times. Despite our government's best efforts to halt terrorism, it will fail because God will use Islam in His larger purpose of bringing world history to a close. TABLE OF CONTENTS: Prologue: America 2017: Life under an Islamic Antichrist "We Should Have Warned Them": Why This Book Was Written The Twigs Are Tender, The Leaves Are Out: Closing In On the End Times The Role of Islam in the End Times What Are Muslims Really Like? Trends in the Islamic World The Men All Muslims Await What Muslims Want A Possible Timeline Other Biblical Evidences of an Islamic Antichrist The Sin That Will Cut America's Throat A Proper Response to These Times

On the Edge of Empire: Hadhramawt, Emigration, and the Indian Ocean, 1880S-1930s

Linda Boxberger, "On the Edge of Empire: Hadhramawt, Emigration, and the Indian Ocean, 1880S-1930s (S U N Y Series in Near Eastern Studies)"
Publisher: State University of New York Press | 2002 | ISBN 0791452174 | PDF | 292 pages

The social and political history of Qu'ayti and Kathiri sultanates of Hadhramawt during their gradual incorporation into the British Empire.

Engseng Ho, "The Graves of Tarim: Genealogy and Mobility across the Indian Ocean (California World History Library) "
Publisher: University of California Press | ISBN 10: 0520244532 | 2006 | PDF | 406 page

The Graves of Tarim narrates the movement of an old diaspora across the Indian Ocean over the past five hundred years. Ranging from Arabia to India and Southeast Asia, Engseng Ho explores the transcultural exchanges--in kinship and writing--that enabled Hadrami Yemeni descendants of the Muslim prophet Muhammad to become locals in each of the three regions yet remain cosmopolitans with vital connections across the ocean. At home throughout the Indian Ocean, diasporic Hadramis engaged European empires in surprising ways across its breadth, beyond the usual territorial confines of colonizer and colonized. A work of both anthropology and history, this book brilliantly demonstrates how the emerging fields of world history and transcultural studies are coming together to provide groundbreaking ways of studying religion, diaspora, and empire.
Ho interprets biographies, family histories, chronicles, pilgrimage manuals and religious law as the unified literary output of a diaspora that hybridizes both texts and persons within a genealogy of Prophetic descent. By using anthropological concepts to read Islamic texts in Arabic and Malay, he demonstrates the existence of a hitherto unidentified canon of diasporic literature. His supple conceptual framework and innovative use of documentary and field evidence are elegantly combined to present a vision of this vital world region beyond the histories of trade and European empire.

Leaves of the Same Tree: Trade and Ethnicity in the Straits of Melaka

Leonard Y. Andaya - Leaves of the Same Tree: Trade and Ethnicity in the Straits of Melaka
Publisher: University of Hawaii Press | 2008-02 | ISBN: 0824831896 | PDF | 320 pages
Despite the existence of about a thousand ethnolinguistic groups in Southeast Asia, very few historians of the region have engaged the complex issue of ethnicity. "Leaves of the Same Tree" takes on this concept and illustrates how historians can use it both as an analytical tool and as a subject of analysis to add further depth to our understanding of Southeast Asian pasts. Following a synthesis of some of the major issues in the complex world of ethnic theory, the author identifies two general principles of particular value for this study: the ideas that ethnic identity is an ongoing process and that the boundaries of a group undergo continual - if at times imperceptible - change based on perceived advantage

Trade and Civilisation in the Indian Ocean: An Economic History from the Rise of Islam to 1750

K. N. Chaudhuri, "Trade and Civilisation in the Indian Ocean: An Economic History from the Rise of Islam to 1750 (Cambridge Paperback Library)"
Publisher: Cambridge University Press | 1985 | ISBN 0521285429 | PDF | 253 pages

Before the age of Industrial Revolution, the great Asian civilisations - whether located in the Middle East, India, South-East Asia, or the Far East - constituted areas not only of high culture but also of advanced economic development. They were the First World of human societies. This book examines one of the driving forces of that historical period: the long chain of oceanic trade which stretched from the South China Sea to the eastern Mediterranean, passing through a series of rich urban emporia. It also looks at the natural complement of the seaborne commerce, its counterpart in the caravan trade. In analytical terms, the book emphasises the methods of multi-dimensional history by highlighting the intricate relationship between space, time and structure. Its main achievement is to show how socially determined demand derived from cultural habits and interpretations operated through the medium of market forces and relative prices. It points out, for the first time, the unique and limiting features of Asian commercial capitalism, and shows how the contribution of Asian merchants was valued universally, in reality if not legally and formally. Professor Chaudhuri's book, based on more than twenty years' research and reflection on pre-modern trade and civilisations, is a landmark in the analysis and interpretation of Asia's historical position and development.

Meccan Trade and the Rise of Islam

Meccan Trade and the Rise of Islam Summary
Publisher: Princeton Univ Pr | ISBN: 0691054800 | edition 1987 | PDF | 301 pages

Meccan Trade and the Rise of Islam is an extremely controversial but effectively argued and extensively documented work. The author presents a radical challenge to a number of standard assertions about the socio-economic milieu in which Islam arose." -R. Stephen Humphreys, University of Wisconsin, Madison Patricia Crone reassesses one of the most widely accepted dogmas in contemporary accounts of the beginnings of Islam, the supposition that Mecca was a trading center thriving on the export of aromatic spices to the Mediterranean. Pointing out that the conventional opinion is based on classical accounts of the trade between south Arabia and the Mediterranean some 600 years earlier than the age of Muhammad, Dr. Crone argues that the land route described in these records was short-lived and that the Muslim sources make no mention of such goods. In addition to changing our view of the role of trade, the author reexamines the evidence for the religious status of pre-Islamic Mecca and seeks to elucidate the nature of the sources on which we should reconstruct our picture of the birth of the new religion in Arabia. Patricia Crone is professor of Islamic history at the Institute for Advanced Study, Princeton. Her books include Medieval Islamic Political Thought (Edinburgh 2004) and Pre-Industrial Societies: Anatomy of the Premodern World (second edition, Oxford 2003).

Selasa, 04 Juni 2013

Durham Centre for Islamic Economics and Finance


Staff and the research students at the DIFP have been active in publishing in the field of Islamic finance, banking, management and economics.
Research monographys include:  Ahmed El-Ashker and Rodney Wilson, Islamic Economics: A Short History, Brill Academic Publishing, Leiden, 2006.
Rodney Wilson is series editor at the Edinburgh Guides to Islamic Finance which include a book by Habib Ahmed on Product Development in Islamic Banks (2011).
Mehmet Asutay is editor of Durham Islamic Economics and Finance Series at Edward Elgar Publishing.
Review of Islamic Economics - cover

Academic Journal: Review of Islamic Economics

Dr Mehmet Asutay, the co-director of DCIEF, is the Managing Editor of the Review of Islamic Economics, the leading journal in Islamic economics, banking and finance, now in its eleventh year.

Books: authored

  • Ahmed, Habib (2011). Product Development in Islamic Banks. Edinburgh: Edinburgh University Press.
  • El Ashker, Ahmed & Wilson, Rodney (2006). Islamic Economics: A Short History. Leiden and Boston: Brill.
  • Ahmed, Habib (2004). 'Role of Zakat and Awqaf in Poverty Alleviation'. Jeddah: Islamic Research and Training Institute, Islamic Development Bank Group.
  • Wilson, Rodney , Al-Salamah, Abdullah, Malik, Monica & Al-Rajhi, Ahmed (2004). Economic Development in Saudi Arabia. London and New York: RoutledgeCurzon.
  • Ahmed, Habib & Chapra, M. Umer (2002). 'Corporate Governance in Islamic Financial Institutions'(Translated into Arabic). Jeddah: Islamic Research and Training Institute, Islamic Development Bank Group.
  • Ahmed, Habib & Khan, Tariqullah (2001). 'Risk Management: An Analysis of Issues in Islamic Financial Industry'(Translated into Arabic and French). Jeddah: Islamic Research and Training Institute, Islamic Development Bank Group.
  • Wilson, Rodney (1997). Economics, Ethics and Religion: Jewish, Christian and Muslim Economic Thought. London: Macmillan.

Books: edited

  • Ahmed, Habib & Muhammad Sirajul Hoque (2011). Handbook of Islamic Economics, Vol I, Exploring the Essence of Islamic Economics. Islamic Research & Training Institute, Islamic Development Bank Group, Jeddah.
  • Ahmed, Habib & Iqbal, Munawar (2005). Poverty in Muslim Countries and the New International Economic Order. New York: Palgrave Macmillan.
  • Wilson, Rodney & Iqbal, Munawar (2005). Islamic Perspectives on Wealth Creation. New York: Edinburgh University Press and Columbia University Press.
  • Clement, Henry & Wilson, Rodney (2004). The Politics of Islamic Finance. Edinburgh and New York: Edinburgh University Press and Columbia University Press.
  • Ahmed, Habib (2002). Theoretical Foundations of Islamic Economics. Book of Readings No. 3. Jeddah: Islamic Research and Training Institute, Islamic Development Bank, Jeddah.

Conference papers

  • Asutay, Mehmet. (2009), “Locating Islamic Finance in Multiple Modernities Framework: Searching for a Place in Secular Public Sphere through Banking and Finance”, International Workshop on “Evaluating the Current Practice of Islamic Finance and New Horizon in Islamic Economic Studies”. Kyoto, Japan..
  • Asutay, Mehmet. (2009), “Islamic Finance as a Bridge Between the GCC and the EU: Financial and Political Perspectives”, “The EU and the GCC: Challenges and Prospects under the Swedish EU Presidency”. Lund, Sweden.
  • Asutay, Mehmet. (2009), “Considering the Dichotomy between the Ideals and Realities of Islamic Finance”, Lecture Series, IIBI, London. London..
  • Asutay, Mehmet. (2009), “Global Financial Crisis, the Resilience of Islamic Finance and Implications for the Muslim World”, University of Lagos Muslim Alumni (UMA), 15th Pre-Ramadhan Conference. Lagos, Nigeria..
  • Asutay, Mehmet. (2009), “Co-existence of Modernity and Shari’ah Ruling: Considering the Developments in Islamic Banking and Finance in Multiple Modernities Framework”, Re-imaging the Shari’ah: Theory, Practice and Muslim Pluralism at Play. The Palazzo Pesaro-Papafava, Venice, Italy.
  • Asutay, Mehmet. (2009), “An Introduction to Islamic Moral Economy”, International Conference on Moral Values and Financial Markets: Assessing the Resilience of Islamic Finance Against Financial Crisis'. Milan, Italy.
  • Asutay, Mehmet; & Marzban, Shehab. (2009), “Questioning Shari’ah Compliance as a Potential Source of Financial Vulnerability”, Conference on Islamic Finance: 'Moral Values and Financial Markets: Islamic Finance against the Financial Crisis'. Milan, Italy.
  • Asutay, Mehmet. (2008), "The Full-Belly Thesis and Beyond Reconsidered: Human Rights and Poverty through Deconstructing the Policies of International Agencies", International Symposium on Poverty. Organised by Deniz Feneri Yoksullullari Arastirma Merkezi (Light House Poverty Research Centre), Istanbul, 1-3rd February 2008, Eresin Hotel, Istanbul, Turkey.
  • Asutay, Mehmet. (2008), “A Political Economy Approach to Islamic Economics: Systemic Understanding for an Alternative Economic System”, Colloque International Banque Et Finance Islamiques. Organised by the Centre Du Droit De L’enterprise Equipe Société, Droit Et Religion En Europe (Umr Cnr/Urs), Université Robert Schuman, 10th January 2008, Strasbourg, France. Strasbourg, France.
  • Asutay, Mehmet. (2008), 'Challenges and Initiatives of Human Capital Development through Islamic Finance Education at Graduate Level', Paper Presented at the Islamic Financial Sector Development (IFSD) Forum 2008 on Human Capital Development for Islamic Financial Industry: Challenges and Initiatives”, organised by IRT-Islamic Development Bank, 1st June 2008. Hilton, Jeddah, Saudi Arabia..
  • Asutay, Mehmet. (2008), 'Islamic Finance Education at Graduate Level in the UK: Programmes, Issues and Challenges', Paper Presented at the International Islamic Finance Education Symposium (IFES 2008) on Enhancing Human Capital to Facilitate Growth of Islamic Finance, organized by International Islamic University, Malaysia, 28th-29th April, Kuala Lumpur, Malaysia.
  • Asutay, Mehmet. (2007), “Growth and Current Evolution of the Islamic Financial Industry”, International Workshop on Islamic Economics: Theoretical and Practical Perspectives in a Global Context. Takushoku University, Tokyo, Japan. Organised by the Center for Islamic Area Studies at Kyoto University, KIAS, Kyoto University, Japan, 21 July 2007., 2007.
  • Asutay, Mehmet. (2007), “Islamic Economics as an Alternative for the Current (Capitalist) World Economic System”, International Workshop on Islamic Economics: Theoretical and Practical Perspectives in a Global Context. Organised by the Center for Islamic Area Studies at Kyoto University, KIAS, Kyoto University, Japan, 23 July 2007. Kyoto, Japan..
  • Asutay, Mehmet. (2007), “Reflecting on the Practical Specifics of Change in Evaluating the Economic Reforms in the Gulf”, Political Evolution in the GCC. Chatham House, London. Paper presented at a Seminar on the Political Evolution in the GCC organised by Sir William Luce Memorial Fund and Royal Institute for International Affairs at the Chatham House, London, 22-23 February 2007..
  • Asutay, Mehmet (2006), 'Deconstructing and Moderating the Functioning and Consequences of Political Manipulation of the Economy in Turkey', 26th Annual Meeting of the European Public Choice Society. Turku School of Economics and Business Administration, Finland, 48.
  • Asutay, Mehmet (2006), 'Philosophy and Principles of Islamic Economics', Conflict Resolution -Economies of Middle East. Beirut, Lebanon.
  • Asutay, Mehmet (2006), 'The Extent of Economic Reform in the Gulf Region to Date', Meeting the Challenges of Reform in the Gulf. International Institute for Strategic Studies, London..
  • Asutay, Mehmet (2006), 'Trust and Formation of Social Capital for Enabling Citizens: Socio-Economic Dimensions of Peace and Security', International Conference on Citizenship, Democracy and Security. Foundation for Political, Economic and Social Research, Istanbul, Turkey.
  • Asutay, Mehmet (2005), 'Political Monetary Cycles: The Political Manipulation of Monetary Policy Instruments and Outcomes in Turkey', 25th Annual Conference of the Public Choice Society. Durham, European Public Choice Society.
  • Asutay, Mehmet & Izhar, Hylmun (2005), 'Profitability of an Islamic Bank: Evidence from Bank Muamalat Indonesia', 12th Annual Global Finance. Dublin, Trinity College.
  • Rizk, Riham. (2005), Corporate Social and Environmental Reporting on the Internet: The Case of Egypt and India, 3rd International Conference on Corporate Social Responsibility. Udaipur, India.
  • Rizk, Riham. (2005), The Holy Qur’an: A 1400 Year-old Doctrine of CSR?, 3rd International Conference on Corporate Social Responsibility. Udaipur, India.
  • Asutay, Mehmet (2004), 'Searching for Opportunistic Political Business Cycles in Turkey', 24th Annual Conference of the Public Choice Society. Berlin, European Public Choice Society.
  • Rizk, Riham. (2004), The Internalisation of Islamic Ethics: Empirical Evidence from Egypt and Malaysia, 2nd Annual International Conference on Corporate Social Responsibility. Penang, Malaysia.

Edited works: contributions

  • Asutay, Mehmet (2013). "The Development of Islamic Banking in Turkey: Regulation, Performance and Political Economy". In Islamic Finance in Europe: Towards a Plural Financial System. Valentino Cattelan. Edward Elgar. (Forthcoming).
  • Asutay, Mehmet (2013). "Islamic Moral Economy as the Foundation of Islamic Finance". In Islamic Finance in Europe: Towards a Plural Financial System. Valentino Cattelan. Edward Elgar. (Forthcoming).
  • Ahmed, Habib (2012). 'Organizational models of Islamic microfinance'. In Shari'a Compliant Microfinance. S. Nazim Ali Routledge. 17-32.
  • Wilson, Rodney (2011). 'Approaches to Islamic Banking in the Gulf'. In Gulf Financial Markets. Woertz, Eckart Gulf Research Centre. 221-238.
  • Asutay, Mehmet. (2010). "Islamic Microfinance: Fulfilling Social and Developmental Expectations". In Islamic Finance: Instruments and Markets. Q-Finance. London: Bloomsbury.
  • Asutay, Mehmet (2010). “Deconstructing and Moderating the Functioning and Consequences of Political Manipulation of the Economy in Turkey”. In Understanding the Process of Institutional Change in Turkey: An Institutional Approach. Tamer Cetin & Feridun Yilmaz. New York: Nova Science Publishing.
  • Asutay, Mehmet. (2010). “Islamic Banking and Finance and Its Role in the GCC-EU Relationship: Principles, Developments and the Bridge Role of Islamic Finance”. In The EU and the GCC: Challenges and Prospects under the Swedish EU Presidency. Leif Stenberg; & Christian Koch. Dubai: Gulf Research Center. 35-58.
  • Wilson, Rodney (2010). 'Economy'. In A Companion to Muslim Ethics. Sajoo, Amyn B I.B. Tauris. 131-150.
  • Wilson, Rodney (2010). 'Introduction'. In Islamic Finance: Inovation and Authenticty. Ali, S. Nizam Harvard Law School. 1-17.
  • Wilson, Rodney (2009). 'Islam'. In Handbook of Economics and Ethics. Peil, Jan & Van Staveren, Irene Edward Elgar. 283-290.
  • Ahmed, Habib & Khan, Tariqullah (2007). 'Risk Management in Islamic Banking'. In Handbook on Islamic Banking. Hassan, M. Kabir & Lewis, Mervyn K. Edward Elgar.
  • Ahmed, Habib (2006). 'Withdrawal Risk in Islamic Banks, Market Discipline and Bank Stability'. In Islamic Financial Architecture: Risk Management and Financial Stability. Khan, Tariqullah & Muljawan, Dadang Jeddah: Islamic Research and Training Institute, Islamic Development Bank Group. 457-477.
  • Wilson, Rodney (2006). 'Saudi Arabia's role in the global economy'. In Globalisation and the Gulf. Fox, John W., Mourtada-Sabbah, Nada & al-Mutawa, Mohammed London: Routledge. 165-179.
  • Ahmed, Habib (2005). 'The Islamic Financial System and Economic Growth: An Assessment'. In Islamic Finance and Economic Development. Iqbal, Munawar & Ahmad, Ausaf New York: Palgrave Macmillan. 29-48.
  • Wilson, Rodney (2005). 'The Implications of Globalisation for Islamic Finance'. In Poverty in Muslim Communities and the New International Economic Order. Iqbal, Munawar & Ahmed, Habib Hampshire: Palgrave. 27-44.
  • Wilson, Rodney (2004). 'Capital Flight through Islamic Managed Funds'. In The Politics of Islamic Finance. Henry, Clement M. & Wilson, Rodney Edinburgh: Edinburgh University Press. 129-152.
  • Wilson, Rodney (2004). 'The development of Islamic economics: theory and practice'. In Islamic Thought in the Twentieth Century. Taji-Farouki, Suha & Nafi, Basheer M. London and New York: I.B.Tauris. 195-222.
  • Wilson R in Hannah Carter and Anoushiravan (eds) (2004). Economic relations between the GCC and South and South East Asia. In Wilson R in Hannah Carter and Anoushiravan (eds) London and New York: RoutledgeCurzon. 103-118.
  • Wilson, Rodney (2003). 'Good international governance: implications for Saudi Arabia's political economy'. In Good Governance in the Middle Eastern Oil Monachies. Najem, Tom Pierre & Hetherington, Martin London: RoutledgeCurzon. 85-101.
  • Ahmed, Habib (2002). 'Incentive Compatible Profit-Sharing Contracts: A Theoretical Treatment'. In Islamic Banking and Finance: New Perspectives in Profit Sharing and Risk. Iqbal, Munawar & Llewellyn, David T. Edward Elgar. 40-54.
  • Wilson R (2002). 'The challenges of the global economy for Middle Eastern governments'. In Globalization and the Middle East: Islam, Economy, Society and Politics. Dodge, Toby & Higgott, Richard London: Royal Institute of International Affairs. 188-208.
  • Wilson, Rodney (1998). Economic Aspects of Arab Nationalism. In Wilson R Demise of the British Empire in the Middle East: Britain's Responses to Nationalist Movements, 1943-55 (Frank Cass) 64 - 78:
  • Asutay, Mehmet & Hasan, Zulkifli (Published). "Maslahah-Based Approach In Stakeholder Management". In Handbook of Islamic Auditing and Corporate Governance. R. Haniffa & M. Hudaib. Edward Elgar. (Forthcoming).

Journal papers: academic

  • Tameme, Mohammed & Asutay, Mehmet (2012). An Empirical Inquiry into Marketing Islamic Mortgages in the UK. International Journal of Bank Marketing 30(3): 150-167.
  • Asutay, Mehmet (2012). Conceptualising and Locating the Social Failure of Islamic Finance: Aspirations of Islamic Moral Economy vs. the Realities of Islamic Finance. Asian and African Area Studies 11(2): 93-113.
  • Marzban,Shehab & Asutay, Mehmet (2012). The Impact of Asset-based versus Market Capitalization-based Shari'ah Screening on US and Japanese Equities: An Empirical Analysis. Asian and African Area Studies 11(2): 151-165.
  • Salama, A., Habbash, M. & Dixon, R. (2012). An Examination of Environmental Disclosures in UK Corporate Annual Reports. Journal of Accounting, Business and Management 19(1): 2-191-2.
  • Ahmed, Habib (2011). Maqasid al-Shari’ah and Islamic Financial Products: A Framework for Assessment. ISRA International Journal of Islamic Finance 3(1): 149-160.
  • Hasan, Zulkifli & Asutay, Mehmet (2011). "An Analysis of the Courts’ Decisions on Islamic Finance Disputes". ISRA International Journal of Islamic Finance 3(2): 41-71.
  • Salama, A., Anderson, K. & Toms, S. (2011). Does Community and Environmental Responsibility Affect Firm Risk? Evidence from UK Panel Data 1994-2006. Business Ethics: A European Review 20(2): 192-204.
  • Izhar, Hylmun & Asutay, Mehmet (2010). "A Theoretical Analysis of the Operational Risk Framework in Islamic Banks". IIUM Journal of Economics and Management 18(1): 73-113.
  • Sun,N., Salama, A., Hussainey, K. & Habbash, M. (2010). Corporate Environmental Disclosure, Corporate Governance and Earnings Management. Managerial Auditing Journal 25(7): 679-700.
  • Hussainey, K. & Salama, A. (2010). The Importance of Corporate Environmental Reputation to investors. Journal of Applied Accounting Research 11(3): 229-241.
  • Ahmed, Habib (2009). 'Financial Crisis: Risks and Lessons for Islamic Finance'. ISRA International Journal of Islamic Finance 1(1): 7-32.
  • Zaman, Nazim & Asutay, Mehmet; (2009). “Divergence between Aspiration and Realities of Islamic Economics: A Political Economy Approach to Bridging the Divide”. IIUM Journal of Economics and Management 17(1): 73-96.
  • Wilson, Rodney (2009). 'Shariah Governance for Islamic Financial Institutions'. Journal of Islamic Finance 1(1): 59-75.
  • Ahmed, Habib (2008). 'Zakah, Macroeconomic Policies and Poverty Alleviation: Lessons from Simulation on Bangladesh'. Journal of Islamic Economics, Banking and Finance 4(2).
  • Ahmed, Habib, Hallwood, C. Paul & Miller, Stephen M. (2008). The Exchange Rate Investment Nexus and Exchange Rate Instability: Another Reason for ‘Fear of Floating’. KEIO Economic Studies 45: 49-79.
  • Asutay, Mehmet. (2008). "GCC Sovereign Wealth Funds and Their Role in the European and American Markets". Equilibri 12(3): 335-354.
  • Asutay, Mehmet;, Azid, Toseef; and & Khawaja, Muhammed Junaid. (2008). 'Price Behaviour, Vintage Capital and Islamic Economy'. International Journal of Islamic and Middle Eastern Finance and Management 1(1): 52-68.
  • Rizk, R. (2008). Back to Basics: An Islamic Perspective on Business and Work Ethics. Social Responsibility Journal 4(1/2): 246-254.
  • Rizk, R., Dixon, R. & Woodhead, A. (2008). Corporate Social and Environmental Reporting: A Survey of Disclosure Practices in Egypt. Social Responsibility Journal 4(3): 306-323.
  • Wilson, Rodney (2008). 'Development and Spread of Islamic Banking'. Orient: Herausgegeben vom Deutschen Orient-Institut in Berlin 49(3): 12-24.
  • Wilson, Rodney (2008). 'Innovation in the Structuring of Islamic Sukuk Securities'. Humanomics 24(3): 170-181.
  • Wilson, Rodney (2008). 'Islamic Economics and Finance'. World Economics 9(1): 177-195.
  • Asutay, Mehmet. (2007). "A Political Economy Approach to Islamic Economics: Systemic Understanding for an Alternative Economic System". Kyoto Bulletin of Islamic Area Studies 1(2): 3-18.
  • Asutay, Mehmet;, Azid, Toseef; and & Burki, Umar. (2007). "Theory of Firm, Management and Stakeholders: An Islamic Perspective". Islamic Economic Studies 15(1): 1-30.
  • Asutay, Mehmet & Azid, Toseef (2007). 'Does Ethico-Moral Coalition Complement to Economic Coalition? A response in the Periphery of Islamic Economics'. Humanomics 23(3): 153-173.
  • Asutay, Mehmet & Izhar, Hylmun (2007). 'Estimating the Profitability of Islamic Banking: Evidence from Bank Muamalat Indonesia'. Review of Islamic Economics 11(2): 17-29.
  • Asutay, Mehmet (2007). Conceptualisation of the Second Best Solution in Overcoming the Social Failure of Islamic Banking and Finance: Examining the Overpowering of Homoislamicus by Homoeconomicus. IIUM Journal of Economics and Management 15(2): 167-195.
  • Ahmed, Habib (2006). 'Islamic Law, Adaptability and Financial Development'. Islamic Economic Studies 13(2): 79-101.
  • Asutay, Mehmet (2006). 'European Futures in the Wilderness: Turkey's Accession to the EU'. The Muslim World Book Review 26(4): 6-18.
  • Salama, A., Cathcart, A., Andrews, M. & Hall, R. (2006). Disclosure Regulation and Accounting Education in the UK: Moving towards Corporate Accountability and Transparency. Social Responsibility Journal 2(3/4): 251-260.
  • Wilson, Rodney (2006). 'Islam and Business'. Thunderbird International Business Review 48(1): 109-123.
  • Wilson, Rodney (2006). 'Islam et Capitalisme Reconsideres'. Maghreb Machrek 187: 29-44.
  • Salama, A. (2005). A Note on the Impact of Environmental Performance on Financial Performance. Structural Change and Economic Dynamics (16): 413- 421.
  • Hasseldine, J., Salama, A. & Toms, S. (2005). Quantity versus Quality: The Impact of Environmental Disclosures on the Reputations of UK Plcs. The British Accounting Review (37): 231-248.
  • Yusoff, Remali & Wilson, Rodney (2005). 'An Econometric Analysis of Conventional and Islamic Bank Deposits in Malaysia'. Review of Islamic Economics 91(1): 31-49.
  • Wilson, Rodney (2005). 'Determinants and consequences of Iraq's troubled history: a review of eight contemporary books on Iraq'. British Journal of Middle Eastern Studies 32(2): 241-248.
  • Wilson, Rodney & Bosbait, Mohammed (2005). 'Education, School to Work Transitions and Unemployment in Saudi Arabia'. Middle Eastern Studies 41(4): 533-546.
  • Ahmed, Habib (2004). 'Frontiers of Islamic Banking: A Synthesis of Social Role and Microfinance'. The European Journal of Management and Public Policy 3(1): 120-140.
  • Asutay, Mehmet (2004). 'In Search of a 'Lost Legacy': The Politics of National Identity and Islam in Turkey'. The Muslim World Book Review 24(4): 6-19.
  • Ahmed, Habib (2002). 'Financing Microenterprises: An Analytical Study of Islamic Microfinance Institutions'. Islamic Economic Studies 9(2): 27-64.
  • Ahmed, Habib & Miller, Stephen M. (2002). 'The Level of Development and the Determinants of Productivity Growth: A Cross-Country Analysis'. Applied Economics 34: 1089-1095.
  • Wilson, Rodney. (2002). 'Arab government responses to Islamic finance: the cases of Egypt and Saudi Arabia'. Mediterranean Politics 7(3): 143-163.
  • Ahmed, Habib & Dua, Pami (2001). Effects of Monetary Variables on Real Output: Sensitivity Analysis. Applied Economics Letters 8: 65-69.
  • Ahmed, Habib & Stephen M. Miller (2000). 'Crowding-Out and Crowding-In Effects of the Components of Government Spending'. Contemporary Economic Policy 18(1): 124-133
  • Ahmed, Habib (1999). 'The Operating Format of Microfinance Schemes and the Core Poor under Persistent Shocks'. Savings and Development 23 (1): 57-67
  • Ahmed, Habib & Jose Tongzon (1998). 'An Investigation of Economic Linkages among ASEAN Group of Countries'. ASEAN Economic Bulletin 15 (2): 121-36.
  • Ahmed, Habib (1998). 'Responses in Price and Output to Monetary Shocks and the Interest Rates: A Rational Expectations Model with Working Capital'. Economic Letters 61: 351-58.
  • Wilson, Rodney (1998). The Contribution by Economists to Middle Eastern Studies (1973-1998). British Journal of Middle Eastern Studies 25(2): 235-246.
  • Wilson, Rodney (1998). The Contribution of Mohammad Baqir al-Sadr to Contemporary Islamic Economic Thought. Journal of Islamic Studies 9(1): 46-59.
  • Ahmed, Habib & Miller, Stephen M. (1997). 'Monetary and Exchange Rate Policies in Multisectoral Economies'. Journal of Business and Economics 49(4): 321-34.
  • Ahmed, Habib & Randolph, Susan (1995). Liquidity Constraints, Productivity, Employment, and Output: Evidence from Nonagricultural Activities in Bangladesh. Journal of International Trade and Economic Development 4(3): 283-304.

Journal papers: professional

  • Ahmed, Habib (2010). Islamic Finance at a crossroads: the dominance of the asset-based sukuk. Butterworths Journal of International Banking and Financial Law 25(6): 366-67

Articles: magazine

  • Asutay, Mehmet. (2012). The Socio-Ethical Failure in Islamic Banking and Finance. New Horizon (182 (January-March): 33-35.
  • Ahmed, Habib (2011). Waqf as a Sustainable Social Enterprise: Organisational Architecture and Prospects. Global Islamic Finance 32-39.
  • Asutay, Mehmet. (2010). Considering the Dichotomy between the Ideals and Realities of Islamic Finance. New Horizon (published by IIBI, London) (174 (January-March). ): 32.
  • Asutay, Mehmet. (2008). "Islamic Banking and Finance: Social Failure". New Horizon (169): 1-3.
  • Asutay, Mehmet. (2007). "Two Track Development: The Future of Islamic Finance in Turkey". Islamic Business and Finance (22): 12-13.

Books: sections

  • Salama, A. (2008). A Study of the Social Responsibility Disclosure Practices of Egyptian Companies. In Global Practices of Corporate Social Responsibility. Idowu, S.O. & Filho, W.L. Berlin: Springer Verlag.

Books: booklets

  • Ahmed, Habib (2007). 'Issues in Islamic Corporate Finance: Capital Structure in Firms'. Jeddah: Islamic Research and Training Institute, Islamic Development Bank Group.
  • Ahmed, Habib (2005). 'Operational Format for Islamic Equity Finance: Lessons from Venture Capital'. Jeddah: Islamic Research and Training Institute, Islamic Development Bank Group.
  • Ahmed, Habib (2002). 'A Microeconomic Model of an Islamic Bank'. Jeddah: Islamic Research and Training Institute, Islamic Development Bank Group.
  • Ahmed, Habib (2001). 'Exchange Rate Stability: Theory and Policies from an Islamic Perspective'. Jeddah: Islamic Research and Training Institute, Islamic Development Bank Group.

Essays in edited volumes

  • Wilson, Rodney (2010). 'Islamic Banking in the United Kingdom'. In Islamic Banking and Finance in the European Union. Kahn, M. Fahim & Porzio, Marzio Edward Elgar. 212-221.
  • Wilson, Rodney (2010). 'Strategic Choices for Islamic Banks in Service Provision for Home and Overseas Markets'. In Islamic Investment Banking: Emerging Trends, Developments and Opportunities. Jaffer, Sohail Euromoney. 33-46.
  • Wilson, Rodney (2009). 'Shariah Compliant Private Equity Finance'. In Islamic Wealth Management. Jaffer, Sohail Euromoney. 399-412.

Minggu, 05 Mei 2013

Joanna D. Bell: The Qur’anic Ḥanīfiyya and its Role as a Middle Nation (Ohio State University, 2012)

Joanna D. Bell: The Qur’anic Ḥanīfiyya and its Role as a Middle Nation


This thesis examines the material which helps scholars understand the Qur’anic use of ḥanīf and arrives at an understanding of ḥanīf translated as “Gentile,” which I demonstrate reconciles the connotation of ḥanīf in the Qur’an with definitions found in the larger Semitic lexica. In order to give semantic meaning to the lexical findings, I group theories which frame signifier ḥanīf into three differing signifieds: (1) a real-world religious group predating Islam in Arabia; (2) Urmonotheism, that is, indication of the existence of an original monotheism in Arabia; (3) an allusion to the mythical status of Abraham as the first monotheist as a legitimization of Muhammad’s message.
I address these three signifieds in relation to my proposed interpretation of ḥanīf as “Gentile, non-Israelite,” showing that this interpretation is advantageous for understanding the arguments of the three signifieds encountered in other interpretations which are reflected in the text of the Qur’an. I then explicate the text surrounding each Qur’anic occurrence of ḥanīf and qualify the circumstances around which “Gentile” or ḥanīf is employed. Overall, the suggested interpretation “Gentile” will be demonstrated as reconcilable with the Qur’anic text, the Semitic lexica, and the social and religious context of Arabia.
I present a synthesis of al-ḥanīfiyya which shows that its major role was to function as a “middle nation,” as it is referred to in Q 2:143, in negotiation with the increasingly hostile Quraysh, Jewish and Christian groups. A ḥanīf was a Gentile whose appointed role was to reform the disunited society around it and conform its own religious community to a just and moderate standard, as a “middle nation.” The era in which ḥanīf occurs is immediately before and after the hijra, one in which Muhammad’s group and his message were under great scrutiny and persecution from all fronts. During this period of trial, al-ḥanīfiyya represents the early Islamic community’s social and religious position as a “middle nation” which attempted to mitigate controversy through employing the symbols of Abraham and his House, the Ka‘ba, two figures common to the Jews, Christians and Quraysh. Al-ḥanīfiyya was also a “middle nation” in the temporal sense, indicating that Muhammad’s nation and religion were at a middle point in their development, emphasizing elements common to the surrounding societies “so that men may have no argument against you [Muhammad and his followers], save such as them do injustice….so that I [God] may complete My grace upon you,” an indication that al-ḥanīfiyya belonged to a transitional stage within the dynamic development of Muhammad’s message.

Lianfa Li: Prudential Banking Regulation and Monetary Policy (Ohio State University, 2004)

Lianfa Li: Prudential Banking Regulation and Monetary Policy (Ohio State University, 2004)

Central bankers know that financial intermediation is important for achieving macroeconomic stability. Without a functioning banking system, an economy will grind to a halt. But monetary policy and prudential supervisory policy can work at cross-purposes. While monetary policymakers want to ensure that there is always sufficient lending activity to maintain high and stable economic growth, bank supervisors work to limit banks' lending capacities in order to prevent excessive risk-taking. To avoid working at cross-purposes, central bankers need to adopt a policy strategy that accounts for the impact of capital adequacy requirements. For this purpose, I derive an optimal monetary policy (in chapter 2) that reinforces prudential capital requirements and stabilizes aggregate economic activities at the same time. In chapter 2, I also find empirical evidence that in the United States the Federal Reserve lowers interest rates by more when the bank capital constraint binds during downturns, which is consistent with the theory. In contrast, central bankers in Germany and Japan clearly do not adjust interest rate policy in a way that would neutralize the procyclical impact of bank capital requirements. On the other hand, it is the job of bank regulators and supervisors to ensure that the financial system functions smoothly. Despite the consensus that moral hazard is a main cause for significant banking sector problems, policymakers can not reach an agreement on how to design optimal prudential banking policies. In particular, little is known about how existing banking policies, such as capital adequacy requirements and deposit insurance, complement one another. By constructing a dynamic model of moral hazard with endogenous franchise values in chapter 3, I not only argue that a coordinated combination of optimal bank capital requirements and optimal deposit insurance can control moral hazard efficiently but also derive analytically the forms of optimal banking policies. In this model, more competition stimulates risk-taking by banks but risk-taking decreases when capital regulation and deposit insurance are conducted. Based on the bank data from 43 countries during the 1990s, I find evidence that both deposit insurance and capital adequacy requirements enhance banking stability.