Full Description
This book focuses on how religion—particularly Christianity, Islam, Judaism, and, to a lesser extent, Hinduism—is shaping the ethos and daily actions of market participants within the global money markets. The concepts inherent within Christianity, Islam, Judaism, and Hinduism are making themselves felt within the global money markets. As Islamic finance led to the introduction of sharia compliant derivatives, for example, Christian investment funds are leading ethical initiatives on Wall Street, the City of London, and elsewhere such as divesting from fossil fuels in response to the climate change emergency. Jewish faith led funds are making significant strides with the further development of impact investments. The concept of Hindu economics is also beginning to shape the actions of some market participants which are tied to the ideals of Mahatma Gandhi.
Contents
Introduction: Is it time to trust the capital markets?.- Chapter 1.Religion and the Drivers of Ethical Finance.- Chapter 2. The Libertarian Challenge to Capital Markets.- Chapter 3. Secularism, Shintoism, Buddhism and the Japanese Economy.- Chapter 4. The Bible and the Markets.- Chapter 5. United States - The Christian Struggle for Ethical Finance.- Chapter 6. Christian Investment Funds - A Tale of Two Cities. Chapter 7. Judaism - Faith and Practice .- Chapter 8. Judaism - Ethical Finance and the Israeli Economy.- Chapter 9. Islam - The challenge to business as usual.- Chapter 10. Islamic finance: Evolution and Growth.- Chapter 11. Islamic finance contracts.- Chapter 12. Islam and Iranian Capital Markets: A New Approach?.- Chapter 13. Hinduism - Dharma and the Economy.- Chapter 14. Gandhi and Vivekananda: A Tale of Two Visions.- Chapter 15. The practical application of Hindu economics.- Chapter 16. Future of Faith based funds.
