Building Genuine Islamic Financial Institutions

Asad Zaman

13 citations0/0 files storedJournal of Islamic Economics Banking and Finance

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Islamic Finance and Banking Studies Religion, Society, and Development Halal products and consumer behavior

Abstract

Since the spirit of Islam is in stark and violent conflict with the spirit of Capitalism, the form taken by institutions designed to express this spirit must also be different. Capitalist financial institutions are designed to support the process of accumulation of wealth, which is at the heart of capitalist societies. Central to Islam is the spirit of service, and spending on others, which is expressed by diverse, service-oriented institutions, radically different from those dominant in capitalist societies.

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2024Ethical entrepreneurship: Islamic financial principles for Small and Medium Enterprises (SMEs)

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