Islamic Finance in Western Higher Education : Developments and Prospects

This is the first of its kind in its topical coverage of the developments and prospects of Islamic finance education at Western higher education. Intended to establish itself as a unique reference for academics and researchers this book gives an insight into ethics and values in curricula development at business schools and in finance departments.

The recent international financial turbulences have been severe and far reaching in their magnitude and consequences. Neither any country nor any sector seems to have been spared from their effects. The higher education sector is not an exception; particularly the programs offered in business and finance. Many academics, practitioners and others have started questioning the content of the programs and their impact on the learners. Ethics, values and responsibility are coming out as factors that cannot be surpassed. Thus, current and future programs ought not to ignore such factors. Within this heated context, Islamic finance education has gained momentum. This phenomenon has been depicted by Western higher learning institutions as an opportunity that could enhance its competitiveness. Consequently, many renowned Universities and business Schools started offering streams at their existing programs or even establishing fully-fledged Islamic Finance ones. This book sheds light on this development through actual cases written by lecturers and researchers who played an important role in the Islamic finance in western higher education.