The Notions of Islamic Economics and Finance in the Global Era


Saleh R., Ustaoglu M.

ISLAMIC FINANCE ALTERNATIVES FOR EMERGING ECONOMIES: EMPIRICAL EVIDENCE FROM TURKEY, pp.28-57, 2014 (Peer-Reviewed Journal) identifier

  • Publication Type: Article / Article
  • Volume:
  • Publication Date: 2014
  • Doi Number: 10.1057/9781137413307.0009
  • Journal Name: ISLAMIC FINANCE ALTERNATIVES FOR EMERGING ECONOMIES: EMPIRICAL EVIDENCE FROM TURKEY
  • Journal Indexes: Social Sciences Citation Index
  • Page Numbers: pp.28-57

Abstract

The most popular debate in Islamic finance centers on the legalization of interest and its derivatives, which are seen in conventional institutions as a means of profit. Since the principles are religious in nature, the arguments mostly focus around legal rather than purely economic issues.