An overview of Islamic finance: History, instruments, prospects
Islamic finance has grown rapidly over the past few decades to become a $2 trillion industry. It is based on the principles of the Sharî‘a (Islamic law), notably the prohibition of ribâ (interest) and the avoidance of activities considered harâm (unlawful), such as gambling or alcohol consumption. T...
| Main Author: | |
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| Format: | Electronic Article |
| Language: | English |
| Check availability: | HBZ Gateway |
| Journals Online & Print: | Drawer...
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| Interlibrary Loan: | Interlibrary Loan for the Fachinformationsdienste (Specialized Information Services in Germany) |
| Published: |
2020
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| In: |
Journal of the sociology and theory of religion
Year: 2020, Volume: 9, Pages: 60-81 |
| Further subjects: | B
Islamic Finance
B ribâ B sukûk B Islamic Banking B Sharî‘a |
| Online Access: |
Presumably Free Access Volltext (lizenzpflichtig) Volltext (lizenzpflichtig) |
| Summary: | Islamic finance has grown rapidly over the past few decades to become a $2 trillion industry. It is based on the principles of the Sharî‘a (Islamic law), notably the prohibition of ribâ (interest) and the avoidance of activities considered harâm (unlawful), such as gambling or alcohol consumption. This paper explores the rationale behind the industry; its history; its instruments, products, and services; its appeal to both Muslims and non-Muslims; and the controversy that surrounds it. |
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| ISSN: | 2255-2715 |
| Contains: | Enthalten in: Journal of the sociology and theory of religion
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| Persistent identifiers: | DOI: 10.24197/jstr.0.2020.60-81 |