Bibliographic record
A source for current research.
Zulkifly, Muhammad Uzair. 2026. Capital and Financialisation in Islamic Banking: Conceptual and Empirical Essays in Islamic Moral Political Economy. Durham University. Doctoral dissertation.
This work informs the Essay Through Islamic Banks, selected Concepts and parts of the comparative interpretation. It is one research source; it does not define the scope or conclusions of Capital & Islam.
Research question
Islamic banking has achieved institutional scale, but scale does not establish that it redirects capital toward productive, distributive and risk-sharing purposes. The comparative inquiry considers that tension through an analysis of capital, Islamic Moral and Political Economy, institutional relations and panel evidence.
Approach
Multiple forms of analysis.
The research combines constitutive analysis of capital, critical realism, immanent critique, Islamic Moral Economy, Islamic Political Economy, historical and institutional analysis, and quantitative panel methods. Its theoretical interpretations sit alongside comparative observations and model-specific results; the evidence does not establish universal causal claims.
Comparative evidence
Partial differentiation under structural constraint.
The analysis identifies evidence of bounded difference alongside institutional coupling. Islamic banks show lower relative exposure to selected financialising channels in some specifications while remaining embedded in commercial-bank organisation, debt-like claims, benchmarked returns and national financial regimes.
Data lineage · unresolved
Two reported counts remain unreconciled.
The earlier source abstract reports 491 banks for one analysis. The current harmonised public Atlas aggregate contains 437 unique banks and 4,794 observed bank-year outcomes. The discrepancy remains unresolved; neither count has been silently substituted for the other.
Each count is retained only in its stated context. The comparative study generally covers 2000–2022. Separate descriptive country indicators continue through 2024 and are labelled by measure.
Access and traceability
Bibliographic record; no public file.
The dissertation file is not currently offered for download. Method notes, datasets, references and section-level provenance provide traceability for the public research.