Academic literature on the topic 'Shares of gold'

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Journal articles on the topic "Shares of gold"

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Pouris, A. "Letter: Gold shares versus krugerrands." South African Journal of Business Management 18, no. 2 (June 30, 1987): 122. http://dx.doi.org/10.4102/sajbm.v18i2.1007.

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Baur, Dirk G., Philipp Prange, and Karsten Schweikert. "Flight to quality – Gold mining shares versus gold bullion." Journal of International Financial Markets, Institutions and Money 71 (March 2021): 101296. http://dx.doi.org/10.1016/j.intfin.2021.101296.

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Barr, G. D. I., and J. F. Affleck-Graves. "Gold shares or gold bullion—which is the better investment?" Managerial and Decision Economics 6, no. 4 (December 1985): 241–45. http://dx.doi.org/10.1002/mde.4090060408.

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Affleck-Graves, J. F., and G. D. I. Barr. "Gold shares or krugerrands: Which is the better investment?" South African Journal of Business Management 17, no. 2 (June 30, 1986): 49–55. http://dx.doi.org/10.4102/sajbm.v17i2.1034.

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In this study we examine the performance of krugerrands vis-à-vis gold shares on the Johannesburg Stock Exchange over the period 1980 - 1983. Using the Markowitz portfolio selection model and Sharpe's capital market theory we are able to demonstrate that over the past few years, krugerrands have produced sub-optimal returns for the South African investor. This follows because in each year the investor would have been better off in some combination of gold shares and treasury bills rather than in krugerrands, no matter what risk level he chose. Furthermore, even in the naive case where the investor merely buys the gold share index, krugerrands are shown to be an inferior investment.
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Barr, G. D. I. "Reply to a letter on 'Gold Shares versus krugerrands'." South African Journal of Business Management 18, no. 3 (September 30, 1987): 186. http://dx.doi.org/10.4102/sajbm.v18i3.1016.

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Addleson, M. "Comments on: Gold shares or krugerrands - Which is the better investment?" South African Journal of Business Management 17, no. 2 (June 30, 1986): 117. http://dx.doi.org/10.4102/sajbm.v17i2.1043.

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Chidambaran, N. K., Chitru S. Fernando, and Paul A. Spindt. "Credit enhancement through financial engineering: Freeport McMoRan's gold-denominated depositary shares." Journal of Financial Economics 60, no. 2-3 (May 2001): 487–528. http://dx.doi.org/10.1016/s0304-405x(01)00051-4.

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Barr, G. D. I., and D. J. Bradfield. "The role played by bullion and gold shares in international diversification." Investment Analysts Journal 16, no. 29 (May 1987): 23–31. http://dx.doi.org/10.1080/10293523.1987.11082258.

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Bradfield, D. J., G. D. I. Barr, and J. F. Affleck-Graves. "Asset pricing in small markets: The South African case." South African Journal of Business Management 19, no. 1 (March 31, 1988): 11–21. http://dx.doi.org/10.4102/sajbm.v19i1.965.

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The authors examine the validity of the CAPM for Johannesburg Stock Exchange (JSE) stocks. Additional effects, namely, dividend yield, size and liquidity are also considered using traditional tests. The results indicate that the one-parameter CAPM is well-specified for the JSE. The betas of gold shares, however, are found to be poor predictors of rand returns - but improve when viewed in dollar terms. None of the above-mentioned effects are found to be significant, however, a slight preference for high-yielding gold shares is documented. Explanations for these findings are offered and contrasted with results documented on the NYSE.
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Sulistiowati, Dwi, Maya Sari Syahrul, and Ilham Dangu Rianjaya. "Risk Analysis of Gold Sale Price and Investment of Antam Shares Using Expected Shortfall in Pandemic Covid-19." Jurnal Matematika, Statistika dan Komputasi 17, no. 3 (May 12, 2021): 428–37. http://dx.doi.org/10.20956/j.v17i3.12779.

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The Covid-19 pandemic caused the price of gold produced by PT Aneka Tambang (Antam) to experience a high increase following the world gold price, while stock investment decreased. Measuring risk is significant in financial analysis; this is related to investment funds, which are quite large and narrow about public funds. This study analyzes the risk data on Antam gold price and Antam stock closing price with an estimated Shortfall (ES). The method used to measure the risk of investing in stocks is ES. ES is the expectation of a conditional loss that exceeds Value at Risk (VaR). To compute ES data showing deviations from normality and Cornish-Fisher expansion. The volatility measurement model used is the autoregressive conditional heteroskedasticity (ARCH) and generalized ARCH (GARCH) model.This study found that the ES value of Antam gold price was smaller than Antam stock price.
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Dissertations / Theses on the topic "Shares of gold"

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Gomes, Ricardo Cláudio. "Is gold a hedge? The relation between gold and shares." Master's thesis, Instituto Superior de Economia e Gestão, 2016. http://hdl.handle.net/10400.5/13080.

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Mestrado em Finanças
Num período em que uma estratégia de investimento cuidadosa e diligente é cada vez mais necessária, o hedging é uma poderosa ferramenta que pode ser usada pelos investidores com o propósito de reduzir os riscos associados aos investimentos no mercado de ações. Este projecto tem como objectivo estudar a correlação entre os retornos do ouro e os retornos das ações, com o intuito de descobrir se o ouro pode ser considerado um hedge para as ações ou um safe haven. Os resultados do uso de um modelo econométrico, baseado em dados de alguns dos maiores índices a nível mundial e de um índice de rastreamento de referência para futuros de ouro, para o período de Janeiro de 1996 até Dezembro de 2015, sugerem que o ouro não é um hedge para qualquer dos mercados de ações analisados, ainda que aparente ser um forte safe haven sobre condições extremas de retornos negativos do mercado de ações. Ainda assim, é demonstrado que os resultados do modelo econométrico estão dependentes do período analisado.
In a period where careful and diligent investing is increasingly required, hedging is a powerful weapon that can be used by investors in order to reduce the risks associated with stock market investments. This project aims at studying the correlation between gold returns and stock returns, intending to find out if gold can be considered a hedge for stocks or a safe haven. The results of the use of an econometric model, based on data from some major worldwide stock indexes and a benchmark tracking index for gold futures, regarding the period from January of 1996 until December of 2015, suggest that gold is not a hedge for any of the stock markets under analysis but it appears to be a strong safe haven under extreme negative stock market conditions. However, it is shown that the results from the model are dependent on the period analysed.
info:eu-repo/semantics/publishedVersion
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Vrľáková, Dominika. "Fundamentální akciová analýza vybraných společností těžících zlato." Master's thesis, Vysoké učení technické v Brně. Fakulta podnikatelská, 2017. http://www.nusl.cz/ntk/nusl-316870.

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The diploma thesis deals with fundamental share analyss in order to propose a variant of investing in shares of selected gold mining companies. The subject is macroeconomic analysis of the environment in which selected gold mining companies operate, gold industry analysis and company analysis comprising evaluation of the development of corporate indicators and their issued shares. On the basis of these analyzes ind inter-company comparison, the most profitable options will be proposed to the management of the hedge fund.
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Gorogodo, Milicent. "A critical analysis of Gold Fields v Harmony Gold Mining : the effect of the court's decision on offers to the public for subscription of shares." Master's thesis, University of Cape Town, 2013. http://hdl.handle.net/11427/4625.

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Hortai, František. "Využití umělé inteligence na finančních trzích." Master's thesis, Vysoké učení technické v Brně. Fakulta podnikatelská, 2015. http://www.nusl.cz/ntk/nusl-225285.

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This thesis deals with the design of a model for trading on financial markets by using artificial intelligence. The work describes some methods of artificial intelligence, description of financial market and stock market trading. The result of this work is a model of an expert system which uses fuzzy logic for investing and a functional model for predicting the course of shares trends using artificial neural networks. Both models algorithms were designed and tested in MATLAB.
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Rozsypal, Tomáš. "Investiční doporučení pro fond kvalifikovaných investorů v oblasti investic do drahých kovů." Master's thesis, Vysoké učení technické v Brně. Fakulta podnikatelská, 2021. http://www.nusl.cz/ntk/nusl-443096.

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Precious metal - gold, is perceived as a safety and is used to secure investment at the time of nervousness in the global market. However, the only small part is usually inset into world funds. Qualified (hedge) funds can be managed completely differently. Diploma thesis solves which way and how the qualified investor funds can include the gold into portfolio. The work takes all instruments on gold suitable for investing and analyzes their basic characteristics and differences.
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Hieda, Junko, Nagahiro Saito, and Osamu Takai. "Exotic shapes of gold nanoparticles synthesized using plasma in aqueous solution." American Institite of Physics, 2008. http://hdl.handle.net/2237/12033.

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Harris, Michael J. "Divine command theory and the shared moral universe in Jewish tradition." Thesis, SOAS, University of London, 2001. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.272505.

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Spindler, Margaret. "Household of God a case study of shared intercultural mission /." Theological Research Exchange Network (TREN), 1997. http://www.tren.com.

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McEver, Jimmie Greene III. "Coexisting triaxial shapes in ¹⁸⁶Pt : Gamma- and electron-spectroscopic studies of the radioactive decay of gold 186." Diss., Georgia Institute of Technology, 1997. http://hdl.handle.net/1853/27588.

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Mutiro, Newton Sly. "The perception of corporate services in a Metropolitan Municipality on King III good governance compliance." Thesis, Cape Peninsula University of Technology, 2013. http://hdl.handle.net/20.500.11838/1000.

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Thesis submitted in partial fulfilment of the requirements for the degree Master of Technology: Business Administration in Project Management in the Faculty of Business at the Cape Peninsula University of Technology 2013
Good governance has been and is a growing phenomenon for almost all business organisations regardless of size, profit margins and purpose for existence. Government, quasi-government, non-governmental organisations and even civic organisations have adopted a project-based approach to business. The City of Cape Town Metropolitan Municipality is one such organisation that had adopted a project-based approach to business. The challenge was how to effectively and efficiently implement governance issues around projects and business organisations. Most organisations can easily be misled if issues of governance are not clearly defined and followed. A project-based approach helps in defining the resources needed at specific times, the time required for a specific task and the cost of a specific operation. In a multi-project environment (programme) resources are shared in a well-defined manner. The City of Cape Town Metropolitan Municipality has a huge responsibility in terms of successfully initiating, planning and implementing projects successfully. The magnitude and the dynamic complexities of their operation call for proper governance structures to be established within any municipality if service delivery is the main objective. Managing complex and mega projects calls for certain leadership traits. A fusion of these traits at different management levels will be critical for effective delivery of services to the electorate. Models and plans need to be in place as guidance to successful implementation of projects. A number of people, committees and institutions have developed different governance frameworks that can be adopted by organisations as a guide to good governance. This research is based on King III guide to good governance. Challenges experienced by other Municipalities and business organisations e.g. Nelson Mandela Municipality, Eastern Cape Education Department, Transnet, LeisureNet, Limpopo Provincial government and many others, directly relate to poor governance. This therefore calls for the investigation of the Corporate Services directorate in the City of Cape Town Metropolitan Municipality to establish the level of compliance with what King III had recommended as a framework for good governance. The City of Cape Town Metropolitan Municipality has different general governance frameworks in place. However they do not use them effectively because of different issues identified by the researcher. The major challenges facing the City of Cape Town Metropolitan Municipality are effective governance communication and lack of training in the practice of good governance. There were serious discrepancies when it comes to understanding and interpreting governance issues within the different levels of management. It is expected that an organisation like the City of Cape Town Metropolitan Municipality should have proper communication channels and effective training programmes. The researcher also found that information is not readily available to people who need it most yet the expectation is that information be readily available.
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Books on the topic "Shares of gold"

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Insider's guide to the mining sector: How to make money from gold and mining shares. Petersfield: Harriman House Publishing, 2004.

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An insider's guide to the mining sector: How to make money from gold and mining shares. 2nd ed. Petersfield: Harriman House, 2008.

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Circle of gold. New York, N.Y., U.S.A: New American Library, 1993.

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Porshni︠a︡kov, G. S. Geologicheskai︠a︡ pozit︠s︡ii︠a︡ i petrologo-geokhimicheskie osobennosti zolotorudnykh metasomatitov v chernoslant︠s︡evykh tolshchakh. Vladivostok: Akademii︠a︡ nauk SSSR, Dalʹnevostochnoe otd-nie, 1991.

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Circle of gold. New York, N.Y., U.S.A: Dutton, 1992.

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Harper, Karen. Circle of gold. Hampton Falls, N.H: Beeler Large Print, 1997.

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Phillips, G. Neil. Metamorphism of shales in the Witwatersrand goldfields. Johannesburg: University of the Witwatersrand, 1986.

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Tigers, sharks and wild things. Sydney: Pan Macmillan, 2009.

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Hurt, Alison Becker. Kitchen suppers: Good food to share with good friends. New York: Doubleday, 1999.

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The myth of market share: Why market share is the fool's gold of business. New York: Crown Business Briefings, 2002.

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Book chapters on the topic "Shares of gold"

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Harris, Benita W., Frank Shipper, Karen P. Manz, and Charles C. Manz. "Equal Exchange: Doing Well by Doing Good." In Shared Entrepreneurship, 159–77. New York: Palgrave Macmillan US, 2014. http://dx.doi.org/10.1057/9781137405807_10.

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Preston-Shoot, Michael. "Deciding to Share Information." In Making Good Decisions, 112–25. London: Macmillan Education UK, 2014. http://dx.doi.org/10.1007/978-1-137-30243-4_8.

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Carey, Timothy James. "A shared common good." In Treating the Body in Medicine and Religion, 154–72. Milton Park, Abingdon, Oxon ; New York, NY : Routledge, 2018. | Series: Routledge studies in religion: Routledge, 2019. http://dx.doi.org/10.4324/9781351050876-10.

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Norton, M. Grant. "Gold—The Material of Empire." In Ten Materials That Shaped Our World, 65–85. Cham: Springer International Publishing, 2021. http://dx.doi.org/10.1007/978-3-030-75213-2_5.

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Jorgensen, Theodore P. "The Flexibility of Shafts." In The Physics of Golf, 108–17. New York, NY: Springer New York, 1999. http://dx.doi.org/10.1007/978-1-4419-8618-4_12.

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Cai, Anyu, Luzhuang Wang, Dandan Li, Shuyang Wang, and Yi Zhong. "A Research on the Relationship between Share Price of Chinese Gold Enterprises and Gold Prices." In Lecture Notes in Electrical Engineering, 307–14. Berlin, Heidelberg: Springer Berlin Heidelberg, 2011. http://dx.doi.org/10.1007/978-3-642-25646-2_41.

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Kim, Minkang. "Cultural Difference and Shared Values." In Educating “Good” Citizens in a Globalising World for the Twenty-First Century, 65–79. Rotterdam: SensePublishers, 2015. http://dx.doi.org/10.1007/978-94-6300-346-9_5.

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Reda, Nevin. "7. The ‘Good’ Muslim, ‘Bad’ Muslim Puzzle? The Assertion of Muslim Women’s Islamic Identity in the Sharia Debates in Canada." In Debating Sharia, edited by Anna Korteweg and Jennifer Selby, 231–56. Toronto: University of Toronto Press, 2012. http://dx.doi.org/10.3138/9781442694439-010.

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Léna, Pierre. "Too Good to Be True? Adaptive Optics." In Astronomy’s Quest for Sharp Images, 31–57. Cham: Springer International Publishing, 2020. http://dx.doi.org/10.1007/978-3-030-55811-6_3.

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Kato, Yugo, Fumiya Kikuchi, Yuki Imura, Etsuro Yoshimura, and Michio Suzuki. "Various Shapes of Gold Nanoparticles Synthesized by Glycolipids Extracted from Lactobacillus casei." In Biomineralization, 259–65. Singapore: Springer Singapore, 2018. http://dx.doi.org/10.1007/978-981-13-1002-7_27.

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Conference papers on the topic "Shares of gold"

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Mitrofan, Maria, Verginica Barbu Mititelu, and Grigorina Mitrofan. "MoNERo: a Biomedical Gold Standard Corpus for the Romanian Language." In Proceedings of the 18th BioNLP Workshop and Shared Task. Stroudsburg, PA, USA: Association for Computational Linguistics, 2019. http://dx.doi.org/10.18653/v1/w19-5008.

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Abumazwed, A., and A. G. Kirk. "Study of plasmonic properties of gold nanoparticles of different shapes with emphasis on gold nanopyramids." In Photonics North 2012, edited by Jean-Claude Kieffer. SPIE, 2012. http://dx.doi.org/10.1117/12.2007255.

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Canfield, Brian K., Hannu Husu, Martti Kauranen, Janne Laukkanen, Benfeng Bai, Markku Kuittinen, and Jari Turunen. "Chiral Coupling in T-shaped Gold Nanodimers." In 2007 European Conference on Lasers and Electro-Optics and the International Quantum Electronics Conference. IEEE, 2007. http://dx.doi.org/10.1109/cleoe-iqec.2007.4387026.

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Mariychuk, R., and V. V. Lisnyak. "Green Synthesis of Irregular Shaped Gold Nanoparticles." In 2019 International Council on Technologies of Environmental Protection (ICTEP). IEEE, 2019. http://dx.doi.org/10.1109/ictep48662.2019.8968946.

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Gibbons. "What good are shared-memory models?" In Proceedings of the 1996 ICPP Workshop on Challenges for Parallel Processing ICPPW-96. IEEE, 1996. http://dx.doi.org/10.1109/icppw.1996.538596.

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dos Santos, Thaís L., Karlo Q. da Costa, and Victor Dmitriev. "Comparative Near Field Analysis of Gold Nanodisks of Different Shapes." In Latin America Optics and Photonics Conference. Washington, D.C.: OSA, 2010. http://dx.doi.org/10.1364/laop.2010.thc4.

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Schomaker, Markus, Holger Fehlauer, Willem Bintig, Anaclet Ngezahayo, Ingo Nolte, Hugo Murua Escobar, Holger Lubatschowski, and Alexander Heisterkamp. "Fs-laser cell perforation using gold nanoparticles of different shapes." In SPIE LASE, edited by Alexander Heisterkamp, Joseph Neev, Stefan Nolte, and Rick P. Trebino. SPIE, 2010. http://dx.doi.org/10.1117/12.842446.

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Qian, Weiping, Qianqian Su, Xiaowei Cao, and Jian Dong. "The SERS Applications of Star-shaped Gold Nanoparticles." In International Conference on Photonics and Imaging in Biology and Medicine. Washington, D.C.: OSA, 2017. http://dx.doi.org/10.1364/pibm.2017.w3a.6.

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Kauranen, Martti, Hannu Husu, Brian K. Canfield, Janne Laukkanen, Benfeng Bai, Markku Kuittinen, and Jari P. Turunen. "Gap-dependent chiral coupling in T-shaped gold nanodimers." In Photonics Europe, edited by David L. Andrews, Jean-Michel Nunzi, and Andreas Ostendorf. SPIE, 2008. http://dx.doi.org/10.1117/12.780513.

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Fathima, R., and A. Mujeeb. "Laser induced synthesis of necklace shaped gold-silver alloy nanoparticles." In THE 3RD INTERNATIONAL CONFERENCE ON OPTOELECTRONIC AND NANO MATERIALS FOR ADVANCED TECHNOLOGY (icONMAT 2019). Author(s), 2019. http://dx.doi.org/10.1063/1.5093832.

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Reports on the topic "Shares of gold"

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Ayres, Benjamin. Use of Soybean Lecithin in Shape Controlled Synthesis of Gold Nanoparticles. Portland State University Library, January 2000. http://dx.doi.org/10.15760/etd.628.

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Ferrali, Leonardo, Davide Caprioli, and Ciro Gaudino. Virtual Vehicle NVH Design: Panels Shape and Damping Optimization by Means of GOLD. Warrendale, PA: SAE International, May 2005. http://dx.doi.org/10.4271/2005-08-0021.

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Dilabio, R. N. W. Classification and Interpretation of the Shapes and Surface Textures of Gold Grains From Till On the Canadian Shield. Natural Resources Canada/ESS/Scientific and Technical Publishing Services, 1990. http://dx.doi.org/10.4095/131269.

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Mayes, Robyn, Bree Hurst, and Amelia Hine. PREDICT: Principles of Good Mining Checklist. Queensland University of Technology, July 2021. http://dx.doi.org/10.5204/rep.eprints.212047.

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CONTEXT: Social Licence to Operate (SLO) encompasses the broad socio-political understanding on the part of multiple stakeholders that a mining operation’s social and environmental impacts and measures are legitimate and acceptable. The multiple and variously interacting stakeholder groups— local communities, environmental actors, Indigenous communities, regulators, local governments, industry peak bodies, financiers, affiliated businesses—have the proven capacity to confer and/or disrupt a mining operation’s SLO. The presence or absence of a SLO can have significant consequences not only for stakeholder groups, including the mining operation, but also for the shared development of a good mining future. Conceptualisation of what is ‘good mining’ is central to future planning and decisions around development, adoption and reception of new technologies and sustainable mining futures. CHECKLIST PURPOSE This first of its kind tool seeks to facilitate genuine multistakeholder interactions and development of a dynamic shared SLO to advance good mining.
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Chakalall, Yuri, Daniela Carrera-Marquis, Franklin Espiga, Katherine Smith, Kensuke Otsuyama, and Hideharu Tanaka. International Good Practices and Lessons in Post Disaster Reconstruction in The Bahamas. Inter-American Development Bank, June 2021. http://dx.doi.org/10.18235/0003314.

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This Brochure captures the content of the Workshop held last year August 24, 2021 on 'International Good Practices and Lessons learned in Post Disaster Reconstruction in The Bahamas' with national stakeholders participation as well as international experts. The objective of the Workshop was to share international experiences of (i) how "post-disaster public agencies" in each case study country were established; (ii) how they prepared reconstruction master plans; (iii) how they effectively implemented their post-disaster reconstruction programs.
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Imbrie, Andrew, Rebecca Gelles, James Dunham, and Catherine Aiken. Contending Frames: Evaluating Rhetorical Dynamics in AI. Center for Security and Emerging Technology, May 2021. http://dx.doi.org/10.51593/20210010.

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The narrative of an artificial intelligence “arms race” among the great powers has become shorthand to describe evolving dynamics in the field. Narratives about AI matter because they reflect and shape public perceptions of the technology. In this issue brief, the second in a series examining rhetorical frames in AI, the authors compare four narrative frames that are prominent in public discourse: AI Competition, Killer Robots, Economic Gold Rush and World Without Work.
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Sánchez Gassen, Nora, Diana Huynh, Oskar Penje, Åsa Ström Hildestrand, and Pipsa Salolammi. Agenda 2030. How to reach the goals and measure success at the local level. Nordregio, May 2021. http://dx.doi.org/10.6027/r2021:8.1403-2503.

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The report summarises the main insights and lessons learned from the webinar series. The report is structured as follows: the first section provides background information on the webinar series, the topics that were addressed, as well as the participants that registered for the series. A map then shows the municipalities and regions that were in the focus of the webinar series. The main part of the report consists of six sections, one for each webinar. In each of the six sections, we highlight the main lessons and good practices that our keynote speakers shared with us. The texts also highlight challenges in the work with the SDGs and describe how they were addressed by the municipalities and regions.
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Cedergren, Elin, Diana Huynh, Michael Kull, John Moodie, Hjördís Rut Sigurjónsdóttir, and Mari Wøien Meijer. Public service delivery in the Nordic Region: An exercise in collaborative governance. Nordregio, February 2021. http://dx.doi.org/10.6027/pb2021:2.2001-3876.

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Now, more than ever, is Nordic collaboration required across all levels of governance to help overcome the devastating socio-economic impacts of the pandemic and to solve the shared challenges posed by climate change and growing urban-rural divides. This policy brief examines six good practice examples of collaborative public service delivery from across the Nordic Region, highlighting the main drivers, challenges and enablers of collaboration and the replication potential of these Nordic collaborative examples. The policy brief finds that new and innovative models of Nordic collaboration are constantly emerging thanks to rapid technological developments that are helping to bring stakeholders together to solve common societal challenges. The high levels of cooperation outlined indicate that collaborative governance is continually evolving within the Nordic context.
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9

Lapcha, Haidar, and Yusra Mahdi. Coalition Building for Better Religious Education Reform. Institute of Development Studies (IDS), January 2021. http://dx.doi.org/10.19088/creid.2021.002.

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Developing a good pro-pluralism religious education curriculum requires much planning and a deep understanding of the context. In a country like Iraq, where the education system is in decline due to years of conflict, weak governance and management, and a displacement crisis, this becomes a challenging task. This Learning Briefing, prepared during the implementation phase of the Coalition for Religious Equality and Inclusive Development (CREID) project to introduce reform to the religious education curriculum in Iraq, highlights the key areas of best practices and lessons learned from our stakeholder engagement. The aim is to share these learnings with programme managers, donors and partners to help inform future interventions and curricula development on effective approaches and models for improved quality education.
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HEFNER, Robert. IHSAN ETHICS AND POLITICAL REVITALIZATION Appreciating Muqtedar Khan’s Islam and Good Governance. IIIT, October 2020. http://dx.doi.org/10.47816/01.001.20.

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Ours is an age of pervasive political turbulence, and the scale of the challenge requires new thinking on politics as well as public ethics for our world. In Western countries, the specter of Islamophobia, alt-right populism, along with racialized violence has shaken public confidence in long-secure assumptions rooted in democracy, diversity, and citizenship. The tragic denouement of so many of the Arab uprisings together with the ascendance of apocalyptic extremists like Daesh and Boko Haram have caused an even greater sense of alarm in large parts of the Muslim-majority world. It is against this backdrop that M.A. Muqtedar Khan has written a book of breathtaking range and ethical beauty. The author explores the history and sociology of the Muslim world, both classic and contemporary. He does so, however, not merely to chronicle the phases of its development, but to explore just why the message of compassion, mercy, and ethical beauty so prominent in the Quran and Sunna of the Prophet came over time to be displaced by a narrow legalism that emphasized jurisprudence, punishment, and social control. In the modern era, Western Orientalists and Islamists alike have pushed the juridification and interpretive reification of Islamic ethical traditions even further. Each group has asserted that the essence of Islam lies in jurisprudence (fiqh), and both have tended to imagine this legal heritage on the model of Western positive law, according to which law is authorized, codified, and enforced by a leviathan state. “Reification of Shariah and equating of Islam and Shariah has a rather emaciating effect on Islam,” Khan rightly argues. It leads its proponents to overlook “the depth and heights of Islamic faith, mysticism, philosophy or even emotions such as divine love (Muhabba)” (13). As the sociologist of Islamic law, Sami Zubaida, has similarly observed, in all these developments one sees evidence, not of a traditionalist reassertion of Muslim values, but a “triumph of Western models” of religion and state (Zubaida 2003:135). To counteract these impoverishing trends, Khan presents a far-reaching analysis that “seeks to move away from the now failed vision of Islamic states without demanding radical secularization” (2). He does so by positioning himself squarely within the ethical and mystical legacy of the Qur’an and traditions of the Prophet. As the book’s title makes clear, the key to this effort of religious recovery is “the cosmology of Ihsan and the worldview of Al-Tasawwuf, the science of Islamic mysticism” (1-2). For Islamist activists whose models of Islam have more to do with contemporary identity politics than a deep reading of Islamic traditions, Khan’s foregrounding of Ihsan may seem unfamiliar or baffling. But one of the many achievements of this book is the skill with which it plumbs the depth of scripture, classical commentaries, and tasawwuf practices to recover and confirm the ethic that lies at their heart. “The Quran promises that God is with those who do beautiful things,” the author reminds us (Khan 2019:1). The concept of Ihsan appears 191 times in 175 verses in the Quran (110). The concept is given its richest elaboration, Khan explains, in the famous hadith of the Angel Gabriel. This tradition recounts that when Gabriel appeared before the Prophet he asked, “What is Ihsan?” Both Gabriel’s question and the Prophet’s response make clear that Ihsan is an ideal at the center of the Qur’an and Sunna of the Prophet, and that it enjoins “perfection, goodness, to better, to do beautiful things and to do righteous deeds” (3). It is this cosmological ethic that Khan argues must be restored and implemented “to develop a political philosophy … that emphasizes love over law” (2). In its expansive exploration of Islamic ethics and civilization, Khan’s Islam and Good Governance will remind some readers of the late Shahab Ahmed’s remarkable book, What is Islam? The Importance of Being Islamic (Ahmed 2016). Both are works of impressive range and spiritual depth. But whereas Ahmed stood in the humanities wing of Islamic studies, Khan is an intellectual polymath who moves easily across the Islamic sciences, social theory, and comparative politics. He brings the full weight of his effort to conclusion with policy recommendations for how “to combine Sufism with political theory” (6), and to do so in a way that recommends specific “Islamic principles that encourage good governance, and politics in pursuit of goodness” (8).
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