Islamic Finance in Eurasia

Hardback

Islamic Finance in Eurasia

The Need for Strategic Change

9781035308699 Edward Elgar Publishing
Edited by M. Kabir Hassan, Professor of Finance, Department of Economics and Finance, University of New Orleans, US, Paolo Biancone, Department of Management, University of Turin, Italy and Aishath Muneeza, Associate Professor, School of Graduate and Professional Studies, INCEIF, Malaysia
Publication Date:January 2024 ISBN:978 1 03530 869 9 Extent:c 224页
Providing a comprehensive account of the progress, potential and challenges facing Islamic finance in Eurasia, this prescient book explores Islamic finance’s history and development across the Asian and European continents and argues that in order for this market to continue to prosper, innovation and adaptation is a necessity.

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Providing a comprehensive account of the progress, potential and challenges facing Islamic finance in Eurasia, this prescient book explores Islamic finance’s history and development across the Asian and European continents and argues that in order for this market to continue to prosper, innovation and adaptation is a necessity.

Islamic Finance in Eurasia brings together a wealth of expert scholars, making a significant contribution to the emerging literature available on this topic. Chapters cover in depth the progress, potential, innovative practices and challenges of Islamic finance in Eurasia, analysing selected case studies from the region. This incisive book argues that sustainable and inclusive Islamic finance has the potential to promote economic growth, reduce poverty and increase financial independence.

Offering an extensive overview of the topic, this book will prove a highly beneficial read for students and researchers interested in understanding both the efficacies and challenges of adopting Islamic finance in this region. Islamic finance stakeholders, policymakers and regional standard setting bodies will also find this book an invaluable resource.
Critical Acclaim
‘It is hard to find books focusing on Islamic finance in Eurasia. I congratulate and commend the efforts of the publisher, editors and contributors of this book for compiling various important aspects of the development of Islamic finance in Eurasia which is not limited only to the developments; but potential and challenges as well.’
– Mansor Ibrahim, Deputy President, INCEIF, Malaysia

‘Through this book we realise that irrespective of the faith convictions and the number of Muslims residing in a particular country or region, Islamic finance is essential to be developed for the sustainable development. There is no doubt that today Islamic finance has gained momentum in the world as a proxy to conventional financing.’
– Mehmet Huseyin Bilgin, Professor of Economics, Istanbul Medeniyet University, Turkey

‘This book is a source of inspiration to realise the untapped potential of Islamic finance in Eurasia. Through this book it is easy to realise the exponential development of Islamic finance in Eurasia while understanding the significance of strategic leadership role as an essential ingredient for success. The selected case studies discussed in this book are useful to appreciate the innovative practices in Islamic finance.’
– Zamir Iqbal, Vice President of Finance, Islamic Development Bank, Saudi Arabia
Contributors
Contributors include: Abu Umar Faruq Ahmad, Omar Rehan Baig, Mohammed Soufiane Benmoussa, Saeed A. Bin-Nashwan, Cindhi Cintokowati, Rihab Grassa, M. Kabir Hassan, Salman Hasan, Madina Kalimullina, Maryam Khalid, Sherin Kunhibava, Erik Lesterhuis, Ismail Mohamed, Muath Mubarak, Aishath Muneeza, Zakariya Mustapha, Viktoriya Muzaffarov, Dony Perdana, Priyesta Rizkiningsih, Mouad Sadallah, Monsurat Ayojimi Salami, Shadman Shakib, Siti Nuraisyah Binti Mohammed Sulaiman, Randi Swandaru
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