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Beyond Neoliberalism pp 117–134Cite as

Palgrave Macmillan

Rationality, Risk, Uncertainty, and Islamic Finance

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Part of the book series: Approaches to Social Inequality and Difference ((ATSIAD))

Abstract

Islamic finance rejects the notion of wholly rational calculations of uncertainty and risk, and provides opportunities through which the calculative rationality of economics can be refracted and understood anew—namely, through ethical possibilities that are typically taken as counterpoint to market-driven capitalism. Global shifts in concentrations and movements of capital and power are entwined with the Islamic finance industry’s rapid ascent from experimental to full-fledged in the 1990s. As an economic anthropologist, my approach to Islamic finance invokes disciplinary shifts in anthropology also intimately entwined with the falling walls of 1989—synecdoche for a triumph of capitalism, the downfall of communism, and new velocities in capital circulation across eroding borders.

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Author information

Authors and Affiliations

  1. Department of Anthropology, Johns Hopkins University, Baltimore, MD, USA

    Bridget Kustin

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  1. Bridget Kustin
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Editors and Affiliations

  1. Max Planck Institute for the Study of Religious and Ethnic Diversity, Göttingen, Germany

    Marian Burchardt

  2. Institute for Cultural Inquiry, Berlin, Germany

    Gal Kirn

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Kustin, B. (2017). Rationality, Risk, Uncertainty, and Islamic Finance. In: Burchardt, M., Kirn, G. (eds) Beyond Neoliberalism. Approaches to Social Inequality and Difference. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-319-45590-7_8

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  • DOI: https://doi.org/10.1007/978-3-319-45590-7_8

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  • Publisher Name: Palgrave Macmillan, Cham

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