- List of Figures
- List of Tables
- Global Finance And Its Institutional Spaces
- Politics And Financial Markets
- Finance And Institutional Investors
- Business Groups And Financial Markets As Emergent Phenomena
- Central Banking And The Triumph Of Technical Rationality
- What is a financial market? Global markets as microinstitutional and post-traditional social forms
- Auctions And Finance
- Interactions And Decisions In Trading
- Traders And Market Morality
- The Material Sociology Of Arbitrage
- Seeing Through The Eyes Of Others: Dissonance Within And Across Trading Rooms
- Market Efficiency: A Sociological Perspective
- Financial Analysts
- Rating Agencies
- Accounting And Finance
- The International Monetary Regime And Domestic Political Economy: The Origin Of The Global Financial Crisis
- A Long Strange Trip: The State And Mortgage Securitization, 1968–2010
- Dead Pledges: Mortgaging Time And Space
- Financial Crises As Symbols And Rituals
- The Sociology Of Financial Fraud
- The Disunity Of Finance: Alternative Practices To Western Finance
- Islamic Banking And Finance: Alternative Or Façade?
- Geographies Of Finance: The State-Enterprise Clusters Of China
- The Financialization Of Art
- Historical Sociology Of Modern Finance
- Gender And Finance
- The Role Of Confidence In Finance
- Finance In Modern Economic Thought
- Financial Automation, Past, Present, And Future
Abstract and Keywords
Islamic banking and finance (IBF) is a market in formation with factious voices claiming certain economic activity as ‘Shariah-compliant’ or ‘Islamic’ while other voices claim the same economic activity to be outside of, if not contrary to, Islam. This article explores the definitional anxiety surrounding IBF. It then surveys and critiques the social science literature, and explains why IBF so closely resembles conventional finance.
Aaron Z. Pitluck holds a two-year research fellowship with the Political Economy Research Group at Central European University (Budapest) and is an Associate Professor in the Department of Sociology and Anthropology at Illinois State University. Most recently he has researched how illiquidity influences professional investors’ behavior, and how and why professional investors herd in the global south. He has published in Economy and Society and the Society for Economic Anthropology monograph series.
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