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Read e-book online An Integral Approach to Development Economics: Islamic PDF

By Basheer A. Oshodi

constructing economies akin to these in sub-Saharan Africa are trying to find lifelike fiscal coverage prescriptions. regardless of monetary progress in nations like Nigeria, poverty and unemployment blight the lives of many, in the course of lots. concurrently, a lot neo-classical financial concept is being wondered opposed to the backdrop of worldwide monetary meltdown, giving upward thrust to inquiry approximately extra indispensable techniques to sustainable improvement. In An essential method of improvement Economics, Basheer Oshodi examines modernization theories, dependency theories, global process theories and rising twenty first century monetary theories and hyperlinks a neo-modern mixture of fiscal idea with the practicalities of finance in components of the area the place poverty is rife. In a in particular African atmosphere, over 1/2 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 rules of Islamic banking and finance will be built-in with different components of that history, targeting assembly the demanding situations of poverty and unemployment. Islamic finance isn't just a religiously-oriented, Sharia-compliant, substitute monetary version. it could give a contribution to total socio-economic transformation and a much wider, people-centred method of financial improvement. foreign businesses, monetary associations, reserve banks, coverage makers, donor enterprises and scholars will locate resonance during this worthy 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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