The Islamic economic system: cultural context in a global economy

"Islamic Economics refers to financial aspects or monetary activities and processes, which adhere to Islamic standards and teachings. The Islamic Economic System relates to the hypothetical development of an economy whose individuals follow the Islamic faith. This book presents an interesting a...

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Bibliographic Details
Authors: Awais, Muhammad 1998- (Author) ; Öztürk, Ali Osman (Author) ; Omar Khalid Bhatti (Author) ; Ellahi, Nazima (Author)
Format: Print Book
Language:English
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Interlibrary Loan:Interlibrary Loan for the Fachinformationsdienste (Specialized Information Services in Germany)
Published: London New York Routledge, Taylor & Francis Group 2025
In:Year: 2025
Series/Journal:Islamic business and finance
Standardized Subjects / Keyword chains:B Islam / Islamic banking / Finances
Further subjects:B Finance Religious aspects Islam
B Islam Economic aspects
B Banks and banking Religious aspects Islam
Description
Summary:"Islamic Economics refers to financial aspects or monetary activities and processes, which adhere to Islamic standards and teachings. The Islamic Economic System relates to the hypothetical development of an economy whose individuals follow the Islamic faith. This book presents an interesting and timely narrative of the concepts of Islamic economics in the context of Islamic culture. Its purpose is to guide individuals and organizations towards a Shariah-based Islamic Economic System. It begins by introducing the Islamic Economic System; its historical origins are explained in the framework of the verses of the Holy Quran, and in light of the shariah scholars and the philosophical thinkers of the Mid-century. It discusses concepts such as the evolution of Islamic Fintech and Artificial Intelligence (AI); the relationship between Islamic corporate governance and Islamic Economics; the distribution of wealth in Islam; Islamic Social Finance; Islamic Economic practices in the banking industry, behavioral norms and moral foundations; and Islamic Economics in Organisation of Islamic Cooperation (OIC) and non-OIC Countries. The author emphasizes the principles that set Islamic economics apart from traditional systems, grounded in Shariah evidence and highlights the role of Islamic principles in promoting overall business success and ethical practices in the banking industry, offering comparative analysis between Islamic and conventional models, as well as economic systems. Drawing on a rich array of sources, including the Quran and interviews with renowned religious scholars, the book provides a well-rounded and thoroughly researched argument. This book will serve as a valuable resource for academics, scholars, researchers and organizations seeking to navigate the complexities of an interest-free economic system guided by Islamic principles"--
Physical Description:xii, 176 Seiten, Illustrationen, Diagramme
ISBN:978-1-032-77686-6
978-1-032-77688-0