TY - CHAP
T1 - Islamic Economics and Finance
AU - Tlemsani, Issam
AU - Mohamed Hashim, Mohamed Ashmel
AU - Al Balushi, Munira Ali
AU - El-Temtamy, Osama
N1 - Publisher Copyright:
© The Author(s), under exclusive license to Springer Nature Switzerland AG 2024.
PY - 2024/12/6
Y1 - 2024/12/6
N2 - This chapter offers a review of the literature on economic theories, those associated with Islamic and Western finance, capitalist economies, and the contrast with Western thinking. To achieve this goal, we focused on the underlying principles of Islamic economics in comparison with other schools of thought and Islamic banks’ problems with some proposed solutions. This chapter will help to comprehend the link between Islam economics, other religions and schools of thought (pre-classical, classical, Marxism, modern, and Chicago) about wealth, social justice, ownership, and related aspects. This chapter brings an understanding of the different problems faced by Islamic banks in practice and derives leading future research questions. This chapter would benefit policymakers, regulators, and financial institutions in resolving the challenges of implementing Islamic finance. Islamic economics and finance would contribute to the struggle of people with religious obligations.
AB - This chapter offers a review of the literature on economic theories, those associated with Islamic and Western finance, capitalist economies, and the contrast with Western thinking. To achieve this goal, we focused on the underlying principles of Islamic economics in comparison with other schools of thought and Islamic banks’ problems with some proposed solutions. This chapter will help to comprehend the link between Islam economics, other religions and schools of thought (pre-classical, classical, Marxism, modern, and Chicago) about wealth, social justice, ownership, and related aspects. This chapter brings an understanding of the different problems faced by Islamic banks in practice and derives leading future research questions. This chapter would benefit policymakers, regulators, and financial institutions in resolving the challenges of implementing Islamic finance. Islamic economics and finance would contribute to the struggle of people with religious obligations.
KW - Capitalism
KW - Concept of ownership
KW - Islamic economics
KW - Islamic finance
UR - http://www.scopus.com/inward/record.url?scp=85212475432&partnerID=8YFLogxK
U2 - 10.1007/978-3-031-67547-8_11
DO - 10.1007/978-3-031-67547-8_11
M3 - Chapter
AN - SCOPUS:85212475432
SN - 978-3-031-67546-1
T3 - Contributions to Finance and Accounting
SP - 125
EP - 132
BT - Finance and Law in the Metaverse World
A2 - Mansour, Nadia
A2 - Vadell, Lorenzo M. Bujosa
PB - Springer Nature
ER -