As Southeast Asia experiences unprecedented economic modernization, religious and moral practices are being challenged as never before. From Thai casinos to Singaporean megachurches, from the practitioners of Islamic Finance in Jakarta to Pentecostal Christians in rural Cambodia, this volume discusses the moral complexities that arise when religious and economic developments converge. In the past few decades, Southeast Asia has seen growing religious pluralism and antagonisms as well as the penetration of a market economy and economic liberalism. Providing a multidisciplinary, cross-regional snapshot of a region in the midst of profound change, this text is a key read for scholars of religion, economists, non-governmental organization workers, and think-tankers across the region.

This book provides a constructive criticism of the emerging practice of conscious capitalism from the perspective of world religions and spiritualities. Conscious capitalism, to many of its adherents, represents an evolutionary step forward beyond the dominant neo-liberal paradigm, where it often appears that just about everything is for sale. Is conscious capitalism consistent with the values inherent in religious and spiritual world-views and does it provide a better fit for bringing out the best that business has to offer? This book answers these questions and many more. An appealing read for researchers in business ethics as well as any reader critical of the excrescences of capitalism.

By studying intersections among new cults of wealth, ritually empowered amulets and professional spirit mediumship—which have emerged together in Thailand’s dynamic religious field in recent decades—Capitalism Magic Thailand explores the conditions under which global modernity produces new varieties of enchantment. Bruno Latour’s account of modernity as a condition fractured between rationalizing ideology and hybridizing practice is expanded to explain the apparent paradox of new forms of magical ritual emerging alongside religious fundamentalism across a wide range of Asian societies. In Thailand, novel and increasingly popular varieties of ritual now form a symbolic complex in which originally distinct cults centred on Indian deities, Chinese gods and Thai religious and royal figures have merged in commercial spaces and media sites to sacralize the market and wealth production. Emerging within popular culture, this complex of cults of wealth, amulets and spirit mediumship is supported by all levels of Thai society, including those at the acme of economic and political power. New theoretical frameworks are presented in analyses that challenge the view that magic is a residue of premodernity, placing the dramatic transformations of cultic ritual centre stage in modern Thai history. It is concluded that modern enchantment arises at the confluence of three processes: neoliberal capitalism’s production of occult economies, the auraticizing effects of technologies of mass mediatization, and the performative force of ritual in religious fields where practice takes precedence over doctrine.

As the boundaries between cultures and religions blur in an increasingly globalized world, the church finds itself in need of new approaches to understanding and embracing otherness – both inside and outside of its established communities. Southeast Asia has long been one of the world’s most diverse regions, with over a hundred ethnicities represented and members of every major religion living as neighbors. In this rich and complex environment, the church has an equally rich and complex history, at times flourishing, at times floundering, but inexorably taking root. In this collection of essays, contributors from throughout the region reflect on the history and future of Christianity in Southeast Asia, providing an overview of missions in the region, and exploring how local churches are defining a uniquely Southeast Asian approach to interreligious engagement. Combining missiological research with contextual theology, this volume offers profound insight into the challenges accompanying missions in a multireligious environment. From ethnic and religious conflict resolution to navigating hybrid identities, this collection of essays makes an excellent contribution to global conversations surrounding the future of missions in a globalized world.

This volume approaches the Word of Faith as a worldview, and analyses the movement through N. T. Wright's model for worldview-analysis in order to provide necessary nuance and complexity to scholarly interpretations of the Word of Faith. The reader receives insights into the movement's narrative, semiotic, practical and propositional dimensions, which cumulatively offer a multifaceted understanding of how the Word of Faith interprets reality and engages with the world. The analysis shows that there is a narrative core to Word of Faith beliefs in the form of a unique theological story with focus set on the present restoration of Eden's authority and blessings. This study demonstrates how the Word of Faith operates as a distinct worldview that parses the world through the lens of faith's causative power to affect a direct correspondence between present reality and Eden's perfection. The findings advance a critical and therapeutic approach that acknowledges how the worldview both strengthens and subverts Pentecostalism.

Charismatic pastors, fast-paced worship sessions, inspirational but shallow theology, and large congregations — these are just some of the associated traits of Pentecostal megachurches. But what lies beneath the veneer of glitz? What are their congregations like? How did they grow so quickly? How have they managed to negotiate local and transnational challenges? This book seeks to understand the growth and popularity of independent Pentecostal megachurches in Southeast Asia. Using an ethnographic approach, the chapters examine Pentecostal megachurches in Malaysia, Indonesia, the Philippines, and Singapore. Each chapter dwells on the development of the megachurch set against the specific background of the country’s politics and history.

The first volume to explore Muslim piety as a form of economy, this book examines specific forms of production, trade, regulation, consumption, entrepreneurship and science that condition – and are themselves conditioned by – Islamic values, logics and politics. With a focus on Southeast Asia as a site of significant and diverse integration of Islam and the economy – as well as the incompatibilities that can occur between the two – it reveals the production of a Muslim piety as an economy in its own right. Interdisciplinary in nature and based on in-depth empirical studies, the book considers issues such as the Qur’anic prohibition of corruption and anti-corruption reforms; the emergence of the Islamic economy under colonialism; ‘halal’ or ‘lawful’ production, trade, regulation and consumption; modesty in Islamic fashion marketing communications; and financialisation, consumerism and housing. As such, it will appeal to scholars of sociology, anthropology and religious studies with interests in Islam and Southeast Asia.