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9781847201386

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'This book is a major contribution to governance under an Islamic System; thoroughly researched, very clearly written and organised, it is an extremely significant contribution particularly in the context of current turmoil in financial markets and the possible means of assisting financial and economic stabilisation from an Islamic perspective.'- John Presley, Loughborough University, UK and Recipient of the 2002 Islamic Development Bank prize in Islamic Finance'Following the credit crunch, the sub-prime crisis and the collapse of major mortgage and investment banks, the issue of economic and financial governance is being addressed more seriously than for many years. Islamic financial institutions appeared to have fared better during the crisis than many of their conventional competitors. How can this be explained? It is evident that there are moral issues at the heart of the 2008 financial crisis, and a need to have better regulated markets. What lessons can be learnt from Islamic teaching on economics and finance, with its stress on responsible behaviour and condemnation of material greed for its own sake. This work by Zafar Iqbal and Mervyn K. Lewis provides some answers, and is certainly a worthwhile read.'- Rodney Wilson, Durham University, UK

Author Information

Zafar Iqbal, formerly Professor of Finance, National University of Computer and Emerging Sciences, Pakistan and Mervyn K. Lewis, Emeritus Professor, University of South Australia and Emeritus Fellow, Academy of the Social Sciences in Australia

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