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The terminology which is used for the phenomenon of political Islam differs among experts. Martin Kramer was one of the first experts to start using the term political Islam in 1980. In 2003, he stated that political Islam can also be seen as tautology because nowhere in the Muslim world is a religion separated from politics.
The Islamic banking and finance movement that developed in the late 20th century as part of Islamic schools and branches [4] sought to create an alternative to conventional banking that complied with sharia (Islamic) law.
The word qardh appears in the Qur'an in six verses: Q2:245, Q5:12, Q57:11, Q57:18, Q64:17, Q73:20. In every verse it is used as part of the phrase qardh al-hasan, and always in reference to a loan to Allah rather than other human beings.
The Islamic revival of the late 20th century brought the topic of Sharia to international attention in the form of numerous political campaigns in the Muslim world calling for full implementation of Sharia.
The religio-political ideology of Islamism (also often called political Islam or Islamic fundamentalism) [1] which has "arguably altered the Middle East more than any trend since the modern states gained independence", redefining "politics and even borders" (according to at least one observer (author Robin Wright), [2] is active in many countries around the world.
The Secular Islam Summit was an international forum for secularists of Islamic societies, held 4–5 March 2007 in St. Petersburg, Florida. It was largely organized and funded by the Center for Inquiry , a secular humanist educational organization, along with secular Muslims such as Banafsheh Zand-Bonazzi and in partnership with the ...
Political aspects of Islam are derived from the Quran, ḥadīth literature, and sunnah (accounts of the sayings and living habits attributed to the Islamic prophet Muhammad during his lifetime), [1] the history of Islam, and elements of political movements outside Islam. [2] Traditional political concepts in Islam include leadership by elected ...
Islamic banking has been called "the most visible practical achievement" of Islamic economics, [21] and the "most visible mark" of Islamic revivalism. [154] By 2009, there were over 300 "shariah compliant banks and 250 mutual funds around the world, [ 155 ] and around $2 trillion were sharia-compliant by 2014.