Islamic Finance and Financial Innovation: Cultural, Regulatory and Technological Challenges (Islamic Business and Finance Series)

This book explores the dynamic evolution of Islamic finance in the face of global financial transformation.It addresses critical challenges, from unemployment and economic justice to cutting-edge innovations such as blockchain, cryptocurrencies, and Central Bank Digital Currencies (CBDCs).It delves into practical applications, including microfinance, Shariah governance technologies, and the Sustainable Development Goals (SDGs).The book comprises three key sections. The first explores theoretical foundations and economic perspectives, it begins by reviewing mainstream economic theories and introducing Islamic economic principles.It explores alternative frameworks through the lenses of Islamic and heterodox economic perspectives, offering insights into how these viewpoints can contribute to a more equitable economic landscape and underscores the rich potential for future exploration, emphasizing the transformative impact of integrating diverse economic viewpoints into policy discourse.Th