In November, Routledge will release “Islamic Banking in Pakistan: Shariah-Compliant Finance and the Quest to make Pakistan more Islamic” by Feisal Khan (Hobart and William Smith Colleges). The publisher’s description follows:
Islamic Banking and Finance (IBF) has become a growing force over the
past three decades, with Pakistan being one of the IBF pioneers by converting to an ‘interest-free’ banking system in 1985. However, since independence in 1947, there has been continual tension over Pakistan’s essential character, between Islamic Minimalists, who favour a Modernist interpretation of Islam, and those who favour an Islamic Maximalist interpretation that sees Pakistan as a model Islamic state.
This book analyses the push to Islamize Pakistan and its financial system by Islamic revivalists, following the early 1947 debates in the original Constituent Assembly to the final 2002 ruling on IBF of the Shariat Appellate Bench of the Pakistan Supreme Court. It examines the practice and theory behind contemporary Islamic, “Shariah-compliant”, banking. It offers extensive interviews with Pakistani Islamic bankers on the state of their industry and how they see it developing, and provides analysis on how the Islamic banks’ customers differ from those of conventional ones.
Presenting a critical analysis of Pakistan’s IBF experience and offering a new insight into Pakistan’s banking industry that illustrates broader political and social trends in the country, this book will be of interest to specialists on Islam, South Asia and International Economics.
three Abrahamic religions. The Romans had no sacred text that espoused its creed or offered a portrait of its foundational myth. They described relations with the divine using technical terms widely employed to describe relations with other humans. Indeed, there was not even a word in classical Latin that corresponds to the English word religion.
relationship between religious and political identity. The “Protestant mainline” continues to shrink in numbers, as well as in cultural and political influence. The growing population of American Muslims seek both acceptance and a firmer footing within the nation’s cultural and political imagination. Debates over contraception, same-sex relationships, and “prosperity” preaching continue to roil the waters of American cultural politics. Perhaps most remarkably, the fastest-rising religious demographic in most public opinion surveys is “none,” giving rise to a new demographic that Gutterman and Murphy name “Religious Independents.” Even the evangelical movement, which powerfully re-entered American politics during the 1970s and 1980s and retains a strong foothold in the Republican Party, has undergone generational turnover and no longer represents a monolithic political bloc.
have been its main groups and how do their leaders compete to attract followers? Which social and religious ideas from abroad are most influential? In this groundbreaking study, Sadek Hamid traces the evolution of Sufi, Salafi and Islamist activist groups in Britain, including The Young Muslims UK, Hizb ut-Tahrir, the Salafi JIMAS organisation and Traditional Islam Network. With reference to second-generation British Muslims especially, he explains how these groups gain and lose support, embrace and reject foreign ideologies, and succeed and fail to provide youth with compelling models of British Muslim identity. Analyzing historical and firsthand community research, Hamid gives a compelling account of the complexity that underlies reductionist media narratives of Islamic activism in Britain.
adoration of the sacrament and canon law from the twelfth to fifteenth centuries. The medieval Church believed Christ’s glorified body was present in the Eucharist, the most central of the seven sacraments, and the Real Presence became explained as transubstantiation by university-trained theologians. Expressions of this belief included the drama of the elevated host and chalice, as well as processions with a host in an elaborate monstrance on the Feast of Corpus Christi. These affirmations of doctrine were governed by canon law, promulgated by popes and councils; and liturgical regulations were enforced by popes, bishops, archdeacons and inquisitors. Drawing on canon law collections and commentaries, synodal enactments, legal manuals and books about ecclesiastical offices, Izbicki presents the first systematic analysis of the Church’s teaching about the regulation of the practice of the Eucharist.
Culture, Catholicism richly articulates the diverse and dynamic interplay of democracy, culture, and Catholicism in the contemporary world. The twenty-five essays from four extremely diverse cultures—those of Indonesia, Lithuania, Peru, and the United States—explore the relationship between democracy and Catholicism from several perspectives, including historical and cultural analysis, political theory and conflict resolution, social movements and Catholic social thought.
and the questioning of Muslim citizenship. The hyper-mediatisation of jihadist terrorism and its subsequent conflation with Muslim communities in general, has led to both an increase in widespread popular fear of Islam and its followers, and the further marginalization and stigmatization of Muslim communities living in Western societies.