Sajed Bhandari

America, Books, Cooking, Muslims and some other things

Book Review: The Rise of Islamic Capitalism

Book Review: The Rise of Islamic Capitalism by Vali Nasr

Sajed Bhandari

I had a chance to read this short book by Vali Nasr last week.  The original title was Forces of Fortune but the current title is The Rise of Islamic Capitalism.  As has been the case with the book reviews, I’m going to keep this entry short.

The book reads quickly, written for a general audience and is very well structured in theory and the case studies.  Nasr’s book identifies the strengths of sharia-compliant finance, its shortcomings and its limitations.  Nasr also addresses the emergence of a vibrant and liberal capitalism in the Muslim world that will address the shortcomings of sharia-compliant markets.  His thesis seems to be that the rise of the a pious and modern middle class will be a formidable market and businessmen and politicians alike should pay attention to this emerging market.  Nasr provides a critique of Khomeini’s Islamist revolution as well as its opposite force, Kemalist revolutions in Turkey and Pakistan.

Overall, very good book.  Definitely read it.


Written by sajedbhandari

October 28, 2010 at 5:38 pm

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