Islam and the Spirits of Capitalism: Competing Articulations of the Islamic Economy

Botoeva, Aisalkyn

doi:10.1177/0032329218776014

Cited by 23 publications

(9 citation statements)

References 24 publications

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“…Therefore, education requires a transformation of system that has quality innovations to solve problems in the education world. Each faction discusses ways to change economic practices to be in line with religious teachings (Botoeva, 2018).…”

Section: Resultsmentioning

confidence: 99%

The Transformation of Sustainable Community Empowerment Based on Islamic Boarding Schools System

Sudiapermana

Muslikhah

2020

Journal of Nonformal Education

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Community empowerment and education are closely related to advancing society. The purpose of this study was to analyze the implementation and transformation of sustainable community empowerment based on Islamic boarding school system. This is due to the assumption that Islamic boarding school, as a sharia economic developer, gives several impacts on training entrepreneurship, independence of santri, and prosperity of the society. This research used a qualitative method with the phenomenological approach from Edmund Husserl. Phenomenology or transcendental phenomenology aims to find the existence of consciousness essence (intentionality) which consists of four awareness activities. The results of this study indicate that the community empowerment in Al-Ittifaw Islamic boarding school refers to environmental use. The school also adopts an experiential learning and learning by doing system. These systems accustomed the students to learn, maintain, and preserve nature. The agribusiness development of Al-Ittifaq Islamic Boarding School is based on INPEKBI (Divine, Domestic, Personal, Economic, Family, Passion, Ilmihi) principle. The conclusion of this paper is, several stages are needed in terms of raising awareness, habituation, and reinforcement to build the entrepreneurial spirit during the transformation of sustainable community empowerment based on Islamic boarding school system.

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Section: Resultsmentioning

confidence: 99%

The Transformation of Sustainable Community Empowerment Based on Islamic Boarding Schools System

Sudiapermana

Muslikhah

2020

Journal of Nonformal Education

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“…The last principle consists in the mandatory execution of agreements between a bank and a borrower, which greatly reduces the risks for all participants in the process (Bakhov, 2014;Mishchenko et al, 2019). The financial technologies used in these countries -"Islamic banking" -successfully solve the difficult problem of ensuring the availability of financing for small and medium agricultural producers in the context of risky farming (Botoeva, 2018). This experience can find wide application in the Kyrgyz Republic.…”

Section: Modern Technologies In the Field Of Islamic Bankingmentioning

confidence: 99%

Ijara as an Innovative Product in Agricultural Financing

Kantoroeva

Toktomamatova

2021

Int. J. Agr. Ext.

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The relevance of the study is due to the necessity to solve the problems of agricultural lending in the Kyrgyz Republic. The problems of financing and lending to agriculture are still urgent in the Kyrgyz Republic, therefore, specific financial instruments of Islamic banking, which are highly appreciated in the practise of other countries, are well suited for project financing, work in conditions of high uncertainty characteristic of agriculture in the Kyrgyz Republic. The purpose of the study was to identify alternative loan products for agricultural economic entities based on Islamic principles of financing in the Kyrgyz Republic. Research objectives: to provide brief information on the current state in the field of agricultural lending; give brief information on the development of Islamic principles of lending in the Kyrgyz Republic; define the concept and classification of Islamic banking instruments in agriculture; define the financial instrument “Ijara” and identify its advantages. Research methods: methods of the empirical level (studying of literature and other sources of information, observation, comparison), methods of the theoretical level (study and generalisation, analysis and synthesis). In the process of writing this article, Islamic banking instruments have been reviewed and classified. The concept of Ijara contract was considered, new modern technologies in the field of Islamic banking were investigated. The main distinctive principles of Islamic banking from the Western model of financial leasing were analysed. The credit history of agriculture and forestry of the Kyrgyz Republic was analysed.

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“…Islamic banking had limited presence in Central Asia, and was seen to diminish women’s economic autonomy (cf. Hoggarth, 2016; Botoeva, 2018). Rotating savings and credit associations in Central Asia were exclusive organizations, because members were selected on the basis of high income and social status (Kuehnast & Dudwick, 2002).…”

Section: Moral Construals Of Loans Apartments and Land In Kazakhstanmentioning

confidence: 99%

The other road to serfdom: The rise of the rentier class in post-Soviet economies

Sanghera

Satybaldieva

2020

Social Science Information

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This article offers a moral economic critique of the transition to a market economy in the post-Soviet space. In a reversal of the classical ideal of a ‘free market’ (a market free from land rent, monopoly rent and interest), neoliberalism celebrates and promotes rent extraction, sometimes over wealth creation (Hudson, 2017). In freeing markets from government regulation, neoliberalism enables powerful economic actors to extract income by mere virtue of property rights that entitle them to a stream of income from their ownership and control of scarce assets (Sayer, 2015). Neoliberalism has created and expanded the role of rent and unearned income in post-Soviet economies (Mihalyi & Szelenyi, 2017). This article will show the diversity and significance of rent in Kazakhstan and Kyrgyzstan that go beyond natural resources and illicit public and private rent-seeking. Using three case studies on finance, real estate and the judiciary in Kazakhstan and Kyrgyzstan, this article will examine how property relations, rentier activities and unearned income have been morally justified and normalized. Despite its moral legitimation, rentiership has been harmful and damaging. It has produced social inequalities and suffering, and has resulted in plutocracy and corruption.

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Islam and the Spirits of Capitalism: Competing Articulations of the Islamic Economy

Cited by 23 publications

References 24 publications

The Transformation of Sustainable Community Empowerment Based on Islamic Boarding Schools System

The Transformation of Sustainable Community Empowerment Based on Islamic Boarding Schools System

Ijara as an Innovative Product in Agricultural Financing

The other road to serfdom: The rise of the rentier class in post-Soviet economies

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