Considering the Dichotomy between the Ideals and
Realities of Islamic Finance
Date: Thursday 15th October 2009 Time: 6.00pm
Speaker: Dr Mehmet Asutay
Lecturer in Political Economy, Durham University
Attendance: There is no charge to attend the lecture but you must register
by email; non-attendance after registration may result in a charge of £10.00
unless there is a valid reason or cancellation notice is given one day in
advance of the lecture date.
Venue: British Bankers’ Association
Pinners Hall, 105 – 108 Old Broad Street, London EC2N 1EX
(The building is near to Liverpool Street, Bank, and
Moorgate Underground Station)
About the Lecture:
During the initial days of the recent financial crisis, a number of
commentators talked about ‘greed’ and the ‘irresponsible attitude’ of the
financial sector as being an important source of the problem. This opened up a
new discussion on the importance of morale in economic and financial life. As
part of the Islamic moral economy, Islamic finance provides a constructivist
response for this. However, a critical examination of the developments and
trends in Islamic finance indicates that the convergence has been from Islamic
finance to conventional finance in terms of operations and functioning; and
that Islamic finance, through its commercial banking and finance attitudes,
does not necessarily uphold the spirit of Islamic moral economy. The financial
crisis, being an extremely difficult lesson, should encourage us to overcome
this apparent divergence and the growing dichotomy between the ideals of
Islamic moral economy and the realities of Islamic finance. Thus, this lecture
aims at locating the sources of this divergence and potential ways of
overcoming it.
About the Speaker:
Dr Asutay is a Lecturer in Political Economy (special reference to Middle East
and Islamic Political Economy and Finance) at the School of Government and
International Affairs, DurhamUniversity. He teaches and supervises research on
various aspects of Islamic economics, banking and finance; economies of the
Middle East and the Muslim countries; and political economy and economic
development related subjects. He is also the co-director of the Durham Islamic
Finance Programme; and the director of the Durham Islamic Finance Summer
School; and the programme director of the newly established MA/MSc in Islamic
Finance.
Dr Asutay is the managing editor of the Review of Islamic Economics; leading
academic journal in the field; Associate Editor of the American Journal of
Islamic Social Sciences. He has published widely on Islamic economics and
finance, and on the political economy of the Middle East and Turkey.
To register please click here.
Alternatively, please contact:
Ms. Farida Rahman
Tel: 020 7433 2530 / 020 7245 0404
Email: farid...@islamic- banking.com
Website: www.islamic- banking.com
ALLAH BLESSES MOHAMMAD AND GIVES HIM PEACE
Your Brother;
NIDAL ALSAYYED, PhD Researcher, Islamic Banking and Finance
www.INCEIF.org & www.ISRA.my
Kuala Lumpur, Malaysia
Tel. +60172559700, Fax. +603 414 70700
Email(1): [email protected]
Email(2): [email protected]
Email(3): [email protected]
Email(4): [email protected]
On Google: http://groups.google.com/group/nidal_islamic-finance
On LinkedIn: http://www.linkedin.com/in/alsayyed
On Skype: nidal_IslamicFinance
On Fringe: nsayed70
On Facebook: [email protected]
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سياسة النشر في المجموعة:
- ترك ما عارض أهل السنة والجماعة.
- الاكتفاء بأمور ذات علاقة بالاقتصاد الإسلامي وعلومه ولو بالشيء البسيط. ويستثنى
من هذا مايتعلق بالشأن
العام على مستوى الأمة كحدث غزة مثلا.
- عدم ذكر ما يتعلق بشخص طبيعي أو اعتباري بعينه. باستثناء الأمر العام الذي يهم
عامة المسلمين.
- تمرير بعض الأشياء الخفيفة المسلية ضمن قواعد الأدب وخاصة منها التي تأتي من
أعضاء لا يشاركون عادة، والقصد من ذلك تشجيعهم على التفاعل الإيجابي.
- ترك المديح الشخصي.
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