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Center for the Middle East



“Islamic Finance” After State-sponsored Capitalist Islamism

Mahmoud A. El-Gamal

“Islamic Finance” After State-sponsored Capitalist Islamism.

The impending demise of petrodollar-supported capitalist Islamism, the failures of which begat 21st century terrorist Islamism, incentivizes the Muslim middle class and timocracies to find another outlet for Muslim liberation theology. This amplifies manifold the risks (and potential, but limited, benefits) of “Islamic finance.”