 The First Step towards Islamic Finance: Separation of Secularism and the Islamic AgendaMurat Ustaoğlu and Ahmet İncekara Chapter 1 in Islamic Finance Alternatives for Emerging Economies: Empirical Evidence from Turkey, 2014, pp 4-27 from Palgrave Macmillan Abstract: Abstract Muslims have created great civilizations throughout history; but the Muslim world has experienced a visible decline starting from the 19th century due—at least in part—to the technological developments in the West. Since then, many of the scientific and economic models that were transferred and implemented in commercial and social life in Islamic countries were mostly against Islamic culture. Ihis is the main reason for the ongoing discussions on whether the notions imported from the Western literature are Islamically acceptable or not. What does an Islamic reference in an economic or social model refer to? This chapter seeks an answer to the question of who is a Muslim and what responsibilities he/she has under Islam in order to distinguish a Muslim individual from a secular one. Hopefully this will enable us to better explain the differences between the economic models offered by Islam and the secular world, and clarify the conceptual arguments. Keywords: Social Life; Muslim World; Islamic World; Islamic Country; Islamic Finance (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-41330-7_2 Ordering information: This item can be ordered from Access Statistics for this chapter More chapters in Palgrave Macmillan Books from Palgrave Macmillan |
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