The Paradox of Islamic Finance

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The book explores the rapid evolution of Islamic finance from a niche market to a global powerhouse, highlighting the role of shariah scholars in legitimizing financial products that align with Islamic law. Despite criticisms that these offerings mimic conventional finance, Calder reveals the intricate balance between religious principles and modern financial practices. By examining the scholars' perspectives, the author illustrates how their interpretations resonate with millions of Muslims, making Islamic finance a significant player in the contemporary financial landscape.