The Politics of Regime Mainstreaming: Knowledge Production and the Institutionalization of Islamic Finance

Islamic finance has been surprisingly undertheorized in the international relations literature. In this paper, I fill this gap by investigating the dynamics of mainstreaming within the Islamic finance regime in global markets. Using the norm diffusion literature, I argue that the development and dif...

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Главный автор: Sandal, Nukhet A. (Автор)
Формат: Электронный ресурс Статья
Язык:Английский
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Опубликовано: Cambridge Univ. Press [2019]
В: Politics and religion
Год: 2019, Том: 12, Выпуск: 4, Страницы: 606-628
Нормированные ключевые слова (последовательности):B Исламский банк / Финансовая политика / Мировая экономика
Индексация IxTheo:AD Социология религии
BJ Ислам
ZC Общая политика
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Итог:Islamic finance has been surprisingly undertheorized in the international relations literature. In this paper, I fill this gap by investigating the dynamics of mainstreaming within the Islamic finance regime in global markets. Using the norm diffusion literature, I argue that the development and diffusion of Islamic economics, and the corresponding expertise, have followed three distinct steps. First, Islamic economics initially was a critique of capitalism and world markets; second, it was "nationalized" by the political leaders of major Muslim-majority countries; and third, it became an integral part of world markets. By tracing the development of Islamic finance as part of global politics, I situate it within a theoretical framework and show the wider implications of this economic framework for global politics.
ISSN:1755-0491
Второстепенные работы:Enthalten in: Politics and religion
Persistent identifiers:DOI: 10.1017/S1755048319000026