According to the most recent Pew Forum on Religion and Public Life, nearly one in four people in the world are Muslim. In light of these numbers, Handbook on Islam and Economic Life is one of the first books to consider Islam within a broader economic sphere by focusing on the ways in which Islam shapes and interacts with the economy.

Contents: 1. Islam, The Economy and Economic Life M. Kabir Hassan and Mervyn K. Lewis PART I: DEVELOPMENTS IN ISLAMIC ECONOMICS 2. Muslim Contributions to Economics Science Abdul Azim Islahi 3. Islam Versus Economics Asad Zaman 4. Methodology of Islamic Economics Muhammad Nejatullah Siddiqi 5. Analytical Tools of Islamic Economics: Choice and the Equi-Marginal Principle Habib Ahmed PART II: THE PROBLEM OF INTEREST 6. Riba, Time Value of Money and Discounting Shamim A. Siddiqui 7. Riba in Islamic Economics and Finance Monzer Kahf 8. Structural Compliance of Islamic Finance with Qur’anic Exegesis Azeemuddin Subhani PART III: ECONOMIC ORGANIZATION 9. The Halal Food Industry Joe M. Regenstein, Mian Nadeem Riaz, Muhammad Chaudry and Carrie E. Regenstein 10. A Socio-Economic Profile of Muslim Countries Mohamed Ariff and Meysam Safari 11. Female Labor Force Participation in Islamic Countries Ismail H. Genc, George Naufal and Bassam Abu Al-foul PART IV: BUSINESS AND MANAGEMENT 12. The Islamic Accounting Triangle: Measurement, Disclosure and Enforcement Roszaini Haniffa and Mohammad Hudaib 13. Principles of Islamic Corporate Governance Mervyn K. Lewis 14. Economics and Morality from an Islamic Perspective Rodney Wilson 15. The Islamic Position on Corruption Zafar Iqbal and Mervyn K. Lewis PART V: FINANCE AND INVESTMENT 16. The Islamic Debate on Derivatives Andreas A. Jobst 17. Meeting Expectations: The Roles and Responsibilities of Shari’ah Scholars in Islamic Finance Mohamad Akram Laldin and Hafas Furqani 18. Moral Hazard in Islamic Profit-loss Sharing Contracts and Private Equity Ouidad Yousfi and M. Kabir Hassan 19. Globalizing Islamic Investment Funds Nurul Aini Muhamed and Mervyn K. Lewis 20. The Regulation and Supervision of Sukuk in Global Capital Markets Umar A. Oseni and M. Kabir Hassan 21. Islamic Micro-financing Adewale Abideen Adeyemi and M. Kabir Hassan PART VI: CHARITY, MUTUALITY AND SELF-HELP 22. Poverty and Social Security in Islam Abdul Ghafar Ismail and Bayu Taufiq Possumah 23. Zakat and the Economy Zafar Iqbal and Mervyn K. Lewis 24.The Gift Economy: Waqf in the Islamic World today Tunku Alina Alias PART VII: GOVERNMENT 25. The Economic Role of the State in Islam Murat Çizakça 26. Political Authority in Islam Muqtedar Khan 27. Budget Deficit and Instruments of Public Borrowing in the Islamic System Monzer Kahf PART VIII: RELIGION AND DEVELOPMENT 28. Religion and Development Volker Nienhaus 29. Islamic Institutions and Underdevelopment Jared Rubin 30. The Three Arab Worlds on the Eve of the ‘Arab Spring’ James E. Rauch and Scott Kostyshak 31. An Islamic Perspective on the Global Financial Crisis and its Aftermath Mervyn. K. Lewis Index

‘This volume presents carefully selected research by reputed scholars on diverse topics dealing with the economic life of Muslims. The book provides a perspective not only on key aspects of the moral economy but also on the behaviour and expectations of economic agents. The distinguished editors have made a valuable contribution by expanding the scope of typical Islamic economics literature and by including topics dealing with the day-to-day life of Muslim society.’