Beyond Debt: Islamic Experiments in Global Finance, Daromir Rudnyckyj (NUS Press, November 2018)
Beyond Debt: Islamic Experiments in Global Finance, Daromir Rudnyckyj (NUS Press, November 2018)

Beyond Debt describes efforts to create a transnational economy free of debt. Based on research in Malaysia, Daromir Rudnyckyj illustrates how the state, led by the central bank, seeks to make Kuala Lumpur “the New York of the Muslim world”—the central node of global financial activity conducted in accordance with Islam.

For those who had been living under Western imperialism in Asia, the sudden loss of presumed superiority in almost all things political, social, and cultural of the European colonial powers after Japan’s sudden attack in late 1941 was a seminal event. Japan’s own, often violent, experiment in colonial administration that immediately took its place, lasting through to the summer of 1945, and its attempts at pan-Asianism reinforced for the many that the “civilizing” project need not demand colonial masters from abroad.