Includes bibliographical references and index.

Acknowledgements; Chapter 1 The Islamic Epistemological Foundations of a Theory of Money, Organization and Markets: Comparative Perspective; Chapter 2 The Theory of Endogenous Money in Comparative Islamic Perspectives Technical Appendix to Chapter 2; Chapter 3 History of Endogenous Money in Islam; Chapter 4 Joint Venture as a Principal Islamic Financial Instrument; Chapter 5 A Generalized Theory of Islamic Development Financing in the Light of Endogenous Monetary Theory; Chapter 6 A Model of Stock Market With Extensive Interactions: Implications of the Shuratic Process; Chapter 7 Money and Islamic Financial Institutions in a General Equilibrium System of Islamic Political Economy; Chapter 8 External Sector Multiplier Relations of Endogenous Money; Chapter 9 A General Equilibrium Treatment of Money, Finance and Trade: Muslim Countries and Capitalist Globalization; Statistical Appendix to Chapter 9; Chapter 10 A General Equilibrium Treatment of Money, Finance and Trade: Islamic Political Economy and Globalization; Appendix Policy Recommendations; Bibliography; Glossary of Essential Arabic Terms; Subject Index

Money in Islam takes a unique and challenging look at how money has operated in Islamic society and at how Islamic theoretical frameworks have influenced perceptions of money. The author draws upon historical, data and policy analysis to present a comparative study of monetary theories, including recent treatment of money by Islamic economists. Discussion also covers the nature of Joint venture Stock markets Banks and financial intermediaries Price stability International trade At a time when various theories of money are contending against each other for a better understanding of the relationship between money and global economic activity, this work sheds pioneering light in this area, and will be of interest to academics, graduates and researchers internationally.