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...

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Détails bibliographiques
Auteur principal: Soage, Ana Belén (Auteur)
Type de support: Électronique Article
Langue:Anglais
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Publié: Ediciones Universidad Valladolid 2020
Dans: Journal of the sociology and theory of religion
Année: 2020, Volume: 9, Pages: 60-81
Sujets non-standardisés:B Islamic Finance
B ribâ
B sukûk
B Islamic Banking
B Sharî‘a
Accès en ligne: Accès probablement gratuit
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Résumé: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.
ISSN:2255-2715
Contient:Enthalten in: Journal of the sociology and theory of religion
Persistent identifiers:DOI: 10.24197/jstr.0.2020.60-81