SELECTED ASPECTS OF ISLAMIC BANKING

Adam Cibuľa ()
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Adam Cibuľa: Fakulta medzinárodných vzťahov, Ekonomická univerzita v Bratislave

Almanach (Actual Issues in World Economics and Politics), 2020, vol. 15, issue 1, 5-12

Abstract: The article deals with selected specifics of Islamic banking, focusing on the basic principles and rules that determine its form and objectives. In the first part we describe the importance of Islam, which goes beyond the religious dimension and extends to all areas of life. Furthermore, we focus on the principles of Islamic economics and the definition of the basic rules of operation of Islamic banking, which is associated with the ban on riba, gharar and maysir. In conclusion, we also describe the position of Islamic financial services with regard to developments in individual regions and sectors.

Keywords: Islamic banking; principles; riba; gharar; maysir (search for similar items in EconPapers)
JEL-codes: G20 Z12 (search for similar items in EconPapers)
Date: 2020
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