In Bourgeoisie we trust, but which one? Islamism, development, and the “finance curse” / Seda Demiralp
The rise of Islamic financial institutions in the past decades stimulated studies that investigated their link to Islamic parties. Some perspectives viewed them as the financial wing of Islamic extremism. Others argued that the rise of an Islamic bourgeoisie, especially if integrated into the global...
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| Format: | Article |
| Language: | English |
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Faculty of Business and Management
2015
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| Online Access: | https://ir.uitm.edu.my/id/eprint/12374/ |
| _version_ | 1848803141034704896 |
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| author | Seda, Demiralp |
| author_facet | Seda, Demiralp |
| author_sort | Seda, Demiralp |
| building | UiTM Institutional Repository |
| collection | Online Access |
| description | The rise of Islamic financial institutions in the past decades stimulated studies that investigated their link to Islamic parties. Some perspectives viewed them as the financial wing of Islamic extremism. Others argued that the rise of an Islamic bourgeoisie, especially if integrated into the global economy, promotes moderation and liberalization among Islamic groups. This study investigates the relationship between the type of Islamic capital and Islamic moderation. In addition, it analyzes how state institutions can shape the trajectories of Islamic movements through economic policies. In this regard we compare and contrast production based capitalism which empowers industrial actors versus finance based capitalism which may not support the industry but strengthen financial elites. We find that production based development is more likely to promote mutual wins among Islamic and other actors and facilitate moderation than finance based economies which may promote zero-sum games and polarization |
| first_indexed | 2025-11-14T21:34:31Z |
| format | Article |
| id | uitm-12374 |
| institution | Universiti Teknologi MARA |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-14T21:34:31Z |
| publishDate | 2015 |
| publisher | Faculty of Business and Management |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | uitm-123742017-08-15T02:14:34Z https://ir.uitm.edu.my/id/eprint/12374/ In Bourgeoisie we trust, but which one? Islamism, development, and the “finance curse” / Seda Demiralp jeeir Seda, Demiralp The rise of Islamic financial institutions in the past decades stimulated studies that investigated their link to Islamic parties. Some perspectives viewed them as the financial wing of Islamic extremism. Others argued that the rise of an Islamic bourgeoisie, especially if integrated into the global economy, promotes moderation and liberalization among Islamic groups. This study investigates the relationship between the type of Islamic capital and Islamic moderation. In addition, it analyzes how state institutions can shape the trajectories of Islamic movements through economic policies. In this regard we compare and contrast production based capitalism which empowers industrial actors versus finance based capitalism which may not support the industry but strengthen financial elites. We find that production based development is more likely to promote mutual wins among Islamic and other actors and facilitate moderation than finance based economies which may promote zero-sum games and polarization Faculty of Business and Management 2015 Article PeerReviewed text en https://ir.uitm.edu.my/id/eprint/12374/1/AJ_SEDA%20DEMIRALP%20JEEIR%20%2015.pdf Seda, Demiralp (2015) In Bourgeoisie we trust, but which one? Islamism, development, and the “finance curse” / Seda Demiralp. (2015) Journal of Emerging Economies and Islamic Research (JEEIR) <https://ir.uitm.edu.my/view/publication/Journal_of_Emerging_Economies_and_Islamic_Research_=28JEEIR=29.html>, 3 (1). pp. 1-16. ISSN 2289-2559 https://journal.uitm.edu.my/ojs/index.php/JEEIR/ |
| spellingShingle | Seda, Demiralp In Bourgeoisie we trust, but which one? Islamism, development, and the “finance curse” / Seda Demiralp |
| title | In Bourgeoisie we trust, but which one? Islamism, development, and the “finance curse” / Seda Demiralp |
| title_full | In Bourgeoisie we trust, but which one? Islamism, development, and the “finance curse” / Seda Demiralp |
| title_fullStr | In Bourgeoisie we trust, but which one? Islamism, development, and the “finance curse” / Seda Demiralp |
| title_full_unstemmed | In Bourgeoisie we trust, but which one? Islamism, development, and the “finance curse” / Seda Demiralp |
| title_short | In Bourgeoisie we trust, but which one? Islamism, development, and the “finance curse” / Seda Demiralp |
| title_sort | in bourgeoisie we trust, but which one? islamism, development, and the “finance curse” / seda demiralp |
| url | https://ir.uitm.edu.my/id/eprint/12374/ https://ir.uitm.edu.my/id/eprint/12374/ |