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Islam's Gift : An Economy of Spiritual Development
Zaman, Asad - 2019
According to the standard narrative, economics is an objective and scientific study of universal laws applicable to economic affairs of modern societies. After a brief introduction, the second section of the paper presents a counter-narrative which disputes this claim, and provides an...
Persistent link: https://www.econbiz.de/10012894183
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Introduction to Islamic Economics
Zaman, Asad - 2019
According to the standard narrative, economics is an objective and scientific study of universal laws applicable to economic affairs of modern societies. After a brief introduction, the second section of the paper presents a counter-narrative which disputes this claim, and provides an...
Persistent link: https://www.econbiz.de/10012895068
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Islamic Finance Revisited: Conceptual and Analytical Issues from the Perspective of Conventional Economics
Sheng, Andrew; Singh, Ajit - Volkswirtschaftliche Fakultät, … - 2013
Islamic finance has come of age. Islamic banking and finance have been growing at a very fast rate, despite apparent serious setbacks (such as interruption of payments in Abu Dhabi in 2009, the Great Recession in Western countries between 2008 and 2010, and the recent turmoil in Middle Eastern...
Persistent link: https://www.econbiz.de/10011259307
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Determinants of the Establishment of Islamic Micro Finance Institutions: The Case of Baitul Maal wa Tamwil (BMT) in Indonesia
Hasanah, Alfiah; Yusuf, Arief Anshory - Center for Economics and Development Studies, Fakultas … - 2013
As a country with the largest number of muslim population in the world, Islamic micro finance institutions have a large potential to playa greater role in the country's aspiration to poverty reduction. However, the determinants of theestablishment of Islamic Micro Finance Institutions,...
Persistent link: https://www.econbiz.de/10010617593
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Social Role of Alms (zakat) in Islamic Economies
Bukowski, Adam - In: Annales. Ethics in Economic Life 17 (2014) 4, pp. 123-131
Islam as both religion and socioeconomic system is based on five main pillars, that is – five basic acts considered mandatory by Muslims, summarized in the hadith of Gabriel. One of them is zakat (almsgiving), i.e. giving 2.5% of one’s wealth to the poor and needy. In contrary to Christian...
Persistent link: https://www.econbiz.de/10011106425
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Notes on Islamic economics and finance
Cole, Othman; Soufani, Khaled; Tse, Terence - In: International Journal of Trade and Global Markets 6 (2013) 1, pp. 83-91
Academic and practitioner's research interest in studying Islamic economics and finance seems to have been growing over the past few years especially after the financial crisis that hit the global banking and financial system, which resulted in one of the severest economic slowdown that we have...
Persistent link: https://www.econbiz.de/10010817101
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Notes on Islamic economics and finance
Cole, Othman; Soufani, Khaled; Tse, Terence - In: International journal of trade and global markets 6 (2013) 1, pp. 83-91
Persistent link: https://www.econbiz.de/10009724027
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Some observations on contemporary financial proposals
Shaikh, Salman Ahmed - In: International Journal of Ethics and Systems 39 (2022) 2, pp. 464-480
Purpose This paper aims to discuss the views of scholarship in South Asia regarding Riba and Riba-free finance … Asia on contemporary issues regarding Riba and Riba-free finance. It provides a critical review in the light of Islamic … alternative to conventional banking and finance products to achieve Shari’ah compliance and avoid indulging in Riba. Practical …
Persistent link: https://www.econbiz.de/10014789236
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Islamic Banks and Financial Stability; An Empirical Analysis
Cihák, Martin; Hesse, Heiko - International Monetary Fund (IMF) - 2008
The relative financial strength of Islamic banks is assessed empirically based on evidence covering individual Islamic and commercial banks in 18 banking systems with a substantial presence of Islamic banking. We find that (i) small Islamic banks tend to be financially stronger than small...
Persistent link: https://www.econbiz.de/10005263779
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Operative Principles of Islamic Derivatives; Towards a Coherent Theory
Sole, Juan; Jobst, Andreas - International Monetary Fund (IMF) - 2012
Derivatives are few and far between in countries where the compatibility of financial transactions with Islamic law requires the development of shari'ah-compliant structures. Islamic finance is governed by the shari'ah, which bans speculation and gambling, and stipulates that income must be...
Persistent link: https://www.econbiz.de/10009654161