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Book Cover
Author Saqib, Muhammad Amjad

Title Integral Finance - Akhuwat : a Case Study of the Solidarity Economy
Published Milton : Routledge, 2018


Description 1 online resource (315 pages)
Series Transformation and Innovation Ser
Transformation and Innovation Ser
Contents Cover; Half Title; Title Page; Copyright Page; Dedication; Table of Contents; List of figures; List of tables; Foreword; How to read this book; Acknowledgements; Prologue; Why write this book?; The regime of selfish wealth must now be razed; PART I: Orientation -- spiritual bases of regional cultures; 1. Akhuwat: A community built on the paradigm of Mawakhat/ solidarity; 1 Preamble; 2 Initiation: philosophy of SOUL-idarity -- the nature and spirit of communitas; 3 Section 1: the coming of soul-wisdom -- the philosophy; 4 Section 2: soul-wisdom to trans4mational GENE activation
5 Section 3 -- from solidarity impulse to generating a bond of solidarity6 Section 4: the Hikma of integral SOUL-idarity rhythm; 7 Conclusion; Note; Bibliography; 2. Pakistan's cultural genealogy: Through integral 4 C's; 1 Preamble; 2 Introduction: home coming -- the Islamic Republic of Pakistan story; 3 Pakistan's 4 C's: class conflict, colonisation, civil society, culture of giving; 4 Context -- imbalances promoted by colonisation: past and present; 5 Co-creation: co-evolving a culture and religion of giving; 6 Contribution -- Pakistan's civil society; 7 The statelessness of an Islamic state
8 ConclusionBibliography; 3. The SOUL-idarity impulse; 1 Preamble; 2 Creating virtuous circles: community building through IHSAN (compassion) and Mawakhat (solidarity); 3 Creating virtuous circles through Ihsan; 4 Virtuous communities and solidarity cultivators; 5 The solidarity multipliers; 6 The orders of love -- silsilah -- the solidarity chain; 7 Conclusion; Notes; Bibliography; PART II: The Mawakhat paradigm; 4. The GENE-alogy of Mawakhat/solidarity: Integral solidarity rhythm through Akhuwat's 4 I's; 1 Preamble; 2 Introduction: the soul of solidarity spirit
3 The emergence of solidarity impulse -- Iman4 Employing solidarity with Ikhlas; 5 The solidarity bond of Ihsan; 6 The Akhuwat/solidarity effect -- Ikhuwah; 7 Conclusion; Note; Bibliography; 5. Akhuwat CARE-ing 4 Pakistan; 1 Preamble; 2 Section 1: The GENE-alogy of solidarity -- Akhuwat's 4I genealogy; 3 Raising awareness (catalysation) -- use of religious spaces; 4 Activation: activating community -- spirit of volunteerism; 5 Institutionalising socio-economic R & D -- transforming borrowers into donors; 6 Embodied action: interest-free loans
7 Akhuwat: from local-identity to emergent global integrity for Pakistan8 Conclusion; Bibliography; PART III: The Mawakhat effect -- employing solidarity; 6. Embodying action: Akhuwat's bond of solidarity; 1 Preamble; 2 Origination: a new discipline -- a new expression of a solidarity bond of reciprocity and compassion (Ihsan); 3 The solidarity capital: reciprocity of Ikhuwah (Bhai-chara); 4 The solidarity impact -- methodology; 5 Member donation program -- Mawakhat -- bond of solidarity; 6 Conclusion; Bibliography; 7. Akhuwat's lending methodology; 1 Preamble; 2 Mawakhat loan portfolio
3 Loan approval -- methodology
Summary There are many misconceptions and concerns regarding Islamic societies and how Muslim countries have failed to come up with their own localised solutions to socio-economic problems in dealing with poverty alleviation and societal development. This book explores why there is so much disconnect between spirituality and enterprise development in the world today, and how a part of the Islamic world, in fact located in Pakistan, can be part of the solution rather than being central to the problem. This book builds upon Ronnie Lessem and Alexander Schieffer'stheory of 'integral dynamics'which works through a fourfold rhythm of the GENE. Set against a mono-cultural perspective, the authors highlight the ever-increasing and deepening divide between Western and Islamic cultures. Through the course of the book, the authors use the transformational GENE (Grounding, Emergence, Navigation, Effect) rhythm developed by Lessemand Schieffer to take readers through the 4C (Call, Context, Co-creation and Contribution) process, articulated to CAREing-4-Society. They ground their call in Akhuwat's community of Akhuwateers (donors, beneficiaries, borrowers, volunteers and replicators), to explore alternative models of spiritually based finance through an emerging SOUL-idarity paradigm. Furthermore, through these models and Akhuwat's CARE (Community, Awareness, Research, Embodiment) process, they put forward that encouraging community activism, raising awareness around Islamic practices of Qard-e-Hasan, institutionalising their innovative research, and finally transforming and educating the community, will provide an alternative to microfinance for poverty alleviation. Showcasing an unconventional spiritual-financial solution, deeply immersed in spirituality and infused with local moral values and traditions, this book demonstrates how poverty can be alleviated in countries around the world, specifically, in developing Muslim countries
Notes Print version record
Subject Finance -- Religious aspects -- Islam.
Microfinance -- Pakistan -- Pāṭa
Solidarity -- Religious aspects -- Islam.
BUSINESS & ECONOMICS -- Entrepreneurship.
Ethical Finance.
Integral Finance.
Islamic Finance.
spirituality and enterprise development.
Finance -- Religious aspects -- Islam
Form Electronic book
Author Malik, Aneeqa
ISBN 9781351727686