Interactions
Islamic finance interacts with jurisdictions around the globe that belong to different cultures and have legal and regulatory frameworks far apart. At the same time, its value proposition is intertwined with a variety of domains such as ethicality in finance, the role pf philanthropy, sustainable development, seigniorage, women in finance, quality of food, etc. that are widely debated in Western societies
Islamic political economy and finance can participate to the economic, societal and environmental debates and make an original contribution by putting at work their centuries-old experiences and practical wisdom. At the same time, Islamic finance can benefit from current developments in those domains where it is lagging its conventional counterparts
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Principles and National Issues
Though the principles ruling Islamic finance are universal, their application to domestic jurisdictions is often confronted to specific issues and hurdles
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Islamic Finance in the European Union
With more than 25 million Muslims and a quite advanced inclusive society, the EU is moving forward in adopting the Islamic finance proposition as a complementary financing model
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Monetary system
The understanding of the nature and role of money and the way the monetary policy should operate, is certainly the most important contribution that Islamic finance may make to conventional finance
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Accountancy
Islamic accounting is the 'accounting process' which provides appropriate information to stakeholders of an entity which will enable them to ensure that the entity is continuously operating...
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Ethical Identity
Islamic law is not just a law, but inheres ethics as both constitute a call to righteous action in conformity with the guidance of Revelation. Thus, while the ethics related to contracts will...
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Zakat, Awqaf and Philanthropy
Throughout history, zakah has been the backbone of philanthropy and awqaf has provided its physical infrastructure and source of revenue
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Shariah Scholars
Sharia scholars, with expertise in both religious and conventional law, are important to the growth of Islamic finance industry. Indeed, investors will not buy instruments without believing they...
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Women in Islamic Finance
There are numerous studies on poverty reduction in the third world, comprising of almost all of 57 Muslim majority countries, emphasizing the role of women as effective ‘managers’ in raising...
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Sovereign Wealth Funds
Islamic Finance with its focus on moral and social objectives, and Sovereign Wealth Funds, as a long term investors, are ideally positioned to pursue ‘impact investing’, making investments...
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Sustainable energy
Sustainable energy is the provision of energy such that it meets the needs of the present without compromising the ability of future generations to meet their needs. Its definition includes all...
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Halal Production
Halal is an Arabic word meaning 'lawful' or 'permissible, and the term not only covers food and drink, but also to all matters of daily life. Muslims must ensure that all foods, particularly...