Cover -- Title Page -- Copyright -- Table of Contents -- Body -- List of Plates -- Preface -- Early Shiʻism and Futuwwa -- Mohammad Ali Amir-Moezzi (Paris): New Remarks on Secrecy and Concealment in Early Imāmī Shiʻism: the Case of khatm al -nubuwwa - Aspects of Twelver Shiʻi Imamology XII -- Mohsen Zakeri (Göttingen): From Futuwwa to Mystic Political Thought - The Caliph al-Nāṣir li-Dīn Allāh and Abū Ḥafṣ Suhrawardī's Theory of Government -- Ahl-e Ḥaqq (Yāresān) -- Philip G. Kreyenbroek (Göttingen): Some Remarks on the Early History of the Ahl-e Ḥaqq -- Martin van Bruinessen (Utrecht): Between Dersim and Dālahū - Reflections on Kurdish Alevism and the Ahl-e Ḥaqq Religion -- Yiannis Kanakis (Exeter): Yāresān Religious Concepts and Ritual Repertoires as Elements of Larger Net-works of Socio-Political 'Heterodoxy' - Some Thoughts on Yāresān, Shiite and Qizilbash/Bektashi Sources and Symbolism -- Cultural Anthropological Analysis -- Jürgen Wasim Frembgen (Munich): Beyond Muslim and Hindu - Sacred Spaces in the Thar Desert of Pakistan -- Alexandre Papas (Paris): Dog of God: Animality and Wildness among Dervishes -- Thierry Zarcone (Paris): Sacred Stones in Qalandariyya and Bektashism -- Khāksār -- Mehran Afshari (Tehran): Quṭb al-Dīn Ḥaydar-e Tūnī and his Connection to the Ḥaydariyya and Khāksāriyya -- Shahrokh Raei (Göttingen): Some Recent Issues and Challenges in the Khāksār Order -- Folk Sufism -- Razia Sultanova (Cambridge): Female Folk Sufism in the Central Asian Space-Time Continuum -- Index -- Plates

Recent economic crises have made the centrality of debt, and the instability it creates, increasingly apparent. This realization has led to cries for change—yet there is little popular awareness of possible alternatives. 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.

Like anywhere else, the present-day Islamic world too is grappling with modernity and postmodernity, secularisation and globalisation. Muslims are raising questions about religious representations and authority. This has given rise to the emergence of alternative Islamic discourses which challenge binary oppositions and dichotomies of orthodoxy and heterodoxy, continuity and change, state and civil society. It also leads to a dispersal of authority, a collapse of existing hierarchical structures and gender roles. This book further argues that the centre of gravity of many of these alternative Islamic discourses is shifting from the Arabic-speaking 'heartland' towards the geographical peripheries of the Muslim world and expatriate Muslims in North America and Europe. At the same time, in view of recent seismic shifts in the political constellation of the Middle East, the trends discussed in this book hold important clues for the possible direction of future developments in that volatile part of the Muslim world.

The meanings and contexts of Shari'a are the subject of both curiosity and misunderstanding by non-Muslims. Shari'a is sometimes crudely characterised by outsiders as a punitive legal system operating broadly outside, and separate from, national laws and customs. This groundbreaking book shows that Shari'a and its 'fiqh' (laws set forward by various Islamic legal schools) comprise a far more nuanced matrix of interpretations than is often assumed to be the case. Far from being monolithic or impervious to change from without, Muslim legal tradition has - since its beginnings in the early Islamic period - placed an emphasis on equity and non-adversarial conflict-resolution. Mohamed Keshavjee examines both Sunni and Shi'a applications of Islamic law, demonstrating how political, cultural and other factors have influenced the practice of fiqh and Shari'a in the West. Exploring in particular the modern development of Alternative Dispute Resolution (ADR), the author shows that this process can revitalise some of the essential principles that underlie Muslim teachings and jurispudence, delivering not only formal remedies but also perceived justice, even to non-Muslims.

Dispute Resolution in Islamic Finance addresses how best to handle disputes within Islamic finance. It examines how they can be resolved in a less confrontational manner and ensure such disagreements are settled in a just and fair way. There has been little focus on how disputes within Islamic finance are resolved. As a result, many of these disputes are resolved through litigation, notwithstanding that the various jurisdictions and court systems are generally poorly equipped to handle such matters. This book addresses this gap in our knowledge by focusing on five centres of Islamic finance: the United Kingdom, the United States of America, Malaysia, the Kingdom of Saudi Arabia and the United Arab Emirates. Before exploring these countries in detail, the book considers the issues of the choice of law within Islamic finance as well the prevailing forms of dispute resolution in this form of finance. The book brings together a group of leading scholars who are all specialists on the subject in the countries they examine. It is a key resource for students and researchers of Islamic finance, and aimed at lawyers, finance professionals, industry practitioners, consultancy firms, and academics.

In the Western imagination, Islamic cultures are dominated by dogmatic religious norms that permit no nuance. Those fighting such stereotypes have countered with a portrait of Islam’s medieval “Golden Age,” marked by rationality, tolerance, and even proto-secularism. How can we understand Islamic history, culture, and thought beyond this dichotomy? In this magisterial cultural and intellectual history, Thomas Bauer reconsiders classical and modern Islam by tracing differing attitudes toward ambiguity. Over a span of many centuries, he explores the tension between one strand that aspires to annihilate all uncertainties and establish absolute, uncontestable truths and another, competing tendency that looks for ways to live with ambiguity and accept complexity. Bauer ranges across cultural and linguistic ambiguities, considering premodern Islamic textual and cultural forms from law to Quranic exegesis to literary genres alongside attitudes toward religious minorities and foreigners. He emphasizes the relative absence of conflict between religious and secular discourses in classical Islamic culture, which stands in striking contrast to both present-day fundamentalism and much of European history. Bauer shows how Islam’s encounter with the modern West and its demand for certainty helped bring about both Islamicist and secular liberal ideologies that in their own ways rejected ambiguity—and therefore also their own cultural traditions. Awarded the prestigious Leibniz Prize, A Culture of Ambiguity not only reframes a vast range of Islamic history but also offers an interdisciplinary model for investigating the tolerance of ambiguity across cultures and eras.

Despite noticeable growth in Islamic banking and finance literature in recent years, very few published books in this area deal with supervisory and regulatory issues in Islamic banking – theoretically or empirically – and none with the critical issue of risks involved in liquidity management of Islamic banks. This unique book is the first of its kind in dealing with challenges these financial institutions face in the absence of interest rate mechanism and debt-based financial instruments. The book examines critically issues involve in managing the risk of liquidity management for these types of institutions, including those stemming from Basel requirements. It then offers an alternative regulatory framework more appropriately suited for such banks without compromising safety and security. The book's unique features and innovative dimensions diagnostically differentiate between Islamic banks and conventional banks as related to liquidity management risks. It proposes a risk-sharing regulatory framework that, once implemented, would mitigate risks posed by balance-sheet mismatches. The book aims to assist regulators, supervisors, Islamic finance practitioners, academicians and other relevant stakeholders.

Many scholars were convinced that the existing Western style of life, thought, and political institutions could easily be adapted to Muslim societies by bringing them into line with Islamic belief systems and rules. But after some experiences they were surprised when even intellectuals who had Western academic training remained deeply attached to Islam. In this book, Davutoglu develops a comparative analysis between Western and Islamic political theories and images. His argument contends that the conflicts and contrasts between Islamic and Western political thought originate from their philosophical, methodological, and theoretical background rather than mere institutional and historical differences. The questions of how and through which processes these alternative conceptions of the world affect political ideas via a set of axiological presuppositions are the crux of the book. Contents: Transliteration; Introduction; I. Theoretical Inquiries. Western Paradigm: Ontological Proximity; Islamic Paradigm: Tawhid and Ontological Differentiation; II. Political Consequences. Justification of the Socio-Political System: Cosmologico-Ontological Foundations; Legitimation of Political Authority: Epistemologico-Axiological Foundations; Power Theories and Pluralism; The Political Unit and the Universal Political System; Concluding Comparative Remarks.

Exploring the increasing impact of the Internet on Muslims around the world, this book sheds new light on the nature of contemporary Islamic discourse, identity, and community. The Internet has profoundly shaped how both Muslims and non-Muslims perceive Islam and how Islamic societies and networks are evolving and shifting in the twenty-first century, says Gary Bunt. While Islamic society has deep historical patterns of global exchange, the Internet has transformed how many Muslims practice the duties and rituals of Islam. A place of religious instruction may exist solely in the virtual world, for example, or a community may gather only online. Drawing on more than a decade of online research, Bunt shows how social-networking sites, blogs, and other "cyber-Islamic environments" have exposed Muslims to new influences outside the traditional spheres of Islamic knowledge and authority. Furthermore, the Internet has dramatically influenced forms of Islamic activism and radicalization, including jihad-oriented campaigns by networks such as al-Qaeda. By surveying the broad spectrum of approaches used to present dimensions of Islamic social, spiritual, and political life on the Internet, iMuslims encourages diverse understandings of online Islam and of Islam generally.

In Islamic Exceptionalism, Brookings Institution scholar and acclaimed author Shadi Hamid offers a novel and provocative argument on how Islam is, in fact, "exceptional" in how it relates to politics, with profound implications for how we understand the future of the Middle East. Divides among citizens aren't just about power but are products of fundamental disagreements over the very nature and purpose of the modern nation state—and the vexing problem of religion’s role in public life. Hamid argues for a new understanding of how Islam and Islamism shape politics by examining different models of reckoning with the problem of religion and state, including the terrifying—and alarmingly successful—example of ISIS. With unprecedented access to Islamist activists and leaders across the region, Hamid offers a panoramic and ambitious interpretation of the region's descent into violence. Islamic Exceptionalism is a vital contribution to our understanding of Islam's past and present, and its outsized role in modern politics. We don't have to like it, but we have to understand it—because Islam, as a religion and as an idea, will continue to be a force that shapes not just the region, but the West as well in the decades to come.