Publication:
Finance and development in Islam: a historical perspective and a brief look forward
Abstract
Islamic finance is generally considered to be a new discioline which by implication also makes its impact on economic development a new phenomenon not yet fully understood. This way of thinking begs a huge unaswered question: if Islamic finance is, indeed, a relatively new discipline, how have Muslims managed their financial affairs from the time of the Prophet until the present?
Keywords
Islamic finance , Development , History , Islamic banking , Islamic economy
Citation
Cizakca, Murat (2013). Finance and development in Islam: a historical perspective and a brief look forward. In Zamir Iqbal & Abbas Mirakhor (Eds.), Economic development and Islamic finance (pp. 133-149). Washington, DC: The World Bank.
Publisher
The World Bank