Islamic finance in Europe: contemporary problems of assimilation

S. Yu. Babenkova ()

Scientific notes of the Russian academy of entrepreneurship, 2025, vol. 24, issue 4

Abstract: In today’s changing geo–economic circumstances, the Islamic finance industry is expanding beyond Muslim countries. European countries started their way to implementing Islamic finance more than 15–20 years ago. One of the goals of this implementation was to attract investment from the Persian monarchies, as well as to become a financial center not only for Old World funds but also a global center for Islamic finance.In this context, the experience of European countries such as the UK, France, Germany, and Luxembourg appears particularly interesting. However, along with positive financial results, these countries are also experiencing negative effects, fueled by a growing Muslim population, the introduction of Sharia law into their legal systems, and the emerging challenges of civilizational conflict.Â

Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.scinotes.ru/jour/article/viewFile/1180/928 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cvt:journl:y:2025:id:1180

DOI: 10.24182/2073-6258-2025-24-4-9-15

Access Statistics for this article

More articles in Scientific notes of the Russian academy of entrepreneurship from JSC “Publishing Agency “Science and Educationâ€
Bibliographic data for series maintained by Ð ÐµÐ´Ð°ÐºÑ†Ð¸Ñ ().