Beyond Debt
：Islamic Experiments in Global Finance
Publication subTitle ：Islamic Experiments in Global Finance
Author： Daromir Rudnyckyj
Publisher： University of Chicago Press
Publication year： 2018
E-ISBN: 9780226552118
P-ISBN(Paperback): 9780226551920
P-ISBN(Hardback): 9780226552088
Subject： C0 Social Science Theory and Methodology
Keyword： 社会科学理论与方法论
Language： ENG
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Description
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.
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