Islamic Finance in Spain : Growth Opportunities and its Potential Impact on Sociological Aspects of Islam
The paper titled "Islamic Finance in Spain: Growth Opportunities and its Potential Impact on Sociological Aspects of Islam" explores the emerging stage of Islamic finance in Spain and its potential influence on the Western landscape. Islamic finance is characterized by its adherence to prohibitions on interest, uncertainty, and illicit activities, while emphasizing principles like transparency, ethical conduct, and a focus on the real economy. While still in its developmental stages in Spain, it holds the potential to reshape not only economic structures but also sociocultural perceptions.This financial system, if developed and integrated with the broader tenets of Islam, could function as a tool for improving the social perception of Islam. However, to realize this potential benefit, it is essential to holistically align the principles of Islamic finance with all aspects of Islam. This alignment is particularly pertinent due to certain aspects of Islam currently under scrutiny under the Spanish legal system, which values the principle of equality, central to Spanish legal principles but not necessarily congruent with Islamic principles.The paper argues that through coordinated efforts, Islamic finance has the potential to bridge gaps and foster intercultural understanding and integration, all while highlighting the core values of equity, justice, and social responsibility intrinsic to its doctrine. In summary, the paper delves into the nascent stage of Islamic finance in Spain and its potential to bring about not only economic changes but also a positive impact on broader sociocultural perspectives
Year of publication: |
[2023]
|
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Authors: | Jiménez-Arroyo, Natalia |
Publisher: |
[S.l.] : SSRN |
Subject: | Spanien | Spain | Islamisches Finanzsystem | Islamic finance | Islam | Islamische Staaten | Islamic countries |
Saved in:
freely available
Extent: | 1 Online-Ressource (20 p) |
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Type of publication: | Book / Working Paper |
Language: | English |
Notes: | Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments August 10, 2023 erstellt |
Other identifiers: | 10.2139/ssrn.4537580 [DOI] |
Source: | ECONIS - Online Catalogue of the ZBW |
Persistent link: https://www.econbiz.de/10014343820
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