Transcription of 1. Introduction - courses.cit.cornell.edu
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1. Introduction - courses.cit.cornell.edu
islamic finance in Multicultural Indonesia Thomas B. Pepinsky Assistant Professor of Government Cornell University 1. Introduction In this essay I consider the case for islamic finance in multicultural Indonesia. I argue that as both a normative good and as a practical matter, the continued development of an islamic financial system that operates in parallel with the conventional financial system is desirable. While I accept the arguments made by several prominent Muslim critics of islamic banking, which question philosophical consistency of islamic finance as practiced in modern economies, I reject their conclusions that islamic banking as currently practiced should therefore either be eliminated or dramatically reformed. Rather, I maintain that if their arguments are actually true, then the Indonesian state should continue to provide islamic financial services for consumers who demand them.
Islamic Finance in Multicultural Indonesia Thomas B. Pepinsky Assistant Professor of Government Cornell University pepinsky@cornell.edu . 1. Introduction . In this essay I consider the case for Islamic finance in multicultural Indonesia. I argue that as both a normative good and as a practical matter, the continued development of an Islamic ...
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