ISLAMIC BANKING AND FINANCE IN THEORY AND PRACTICE: A SURVEY OF STATE OF THE ART

Mohammad Nejatullah Siddiqi
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Mohammad Nejatullah Siddiqi: Center for Research in Islamic Economics, King Abdulaziz University

Islamic Economic Studies, 2006, vol. 13-2, 2-48

Abstract: The practice of Islamic finance significantly departs from its theory. The survey addresses the causes of the dichotomy and offers alternative research approaches and themes that may in the future facilitate convergence of the practice with the theoretical aspirations - a transformation from merely meeting the criteria of legality to that of achieving the objectives of Islamic law.

Date: 2006
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