New PDF release: An Integral Approach to Development Economics: Islamic

By Basheer A. Oshodi

constructing economies similar to these in sub-Saharan Africa are seeking for lifelike fiscal coverage prescriptions. regardless of financial progress in international locations like Nigeria, poverty and unemployment blight the lives of many, in the middle of lots. concurrently, a lot neo-classical monetary notion is being puzzled opposed to the backdrop of world monetary meltdown, giving upward push to inquiry approximately extra indispensable ways to sustainable improvement. In An critical method of improvement Economics, Basheer Oshodi examines modernization theories, dependency theories, global approach theories and rising twenty first century financial theories and hyperlinks a neo-modern mixture of financial notion with the practicalities of finance in elements of the area the place poverty is rife. In a particularly African surroundings, over half the inhabitants are Muslims, Oshodi considers Islamic finance within the context of the triple history of indigenous tradition, Westernized Christianity, and Islam. He argues that the foundations of Islamic banking and finance could be built-in with different parts of that historical past, targeting assembly the demanding situations of poverty and unemployment. Islamic finance isn't just a religiously-oriented, Sharia-compliant, replacement monetary version. it may give a contribution to total socio-economic transformation and a much broader, people-centred method of fiscal improvement. foreign corporations, monetary associations, reserve banks, coverage makers, donor firms and scholars will locate resonance during this priceless addition to Gower’s Transformation and Innovation Series.

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An Integral Approach to Development Economics: Islamic Finance in an African Context (Transformation and Innovation) by Basheer A. Oshodi


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