The Notions of Islamic Economics and Finance in the Global Era

Rubaa Saleh and Murat Ustaoğlu

Chapter 2 in Islamic Finance Alternatives for Emerging Economies: Empirical Evidence from Turkey, 2014, pp 28-57 from Palgrave Macmillan

Abstract: 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. In this chapter, the research will analyze the current situation of Islamic economics and finance practices in light of global economic developments. The scope of the research is to evaluate the contribution of Islamic finance applications in emerging Islamic countries such Turkey and Malaysia by focusingon economic growth which will be discussed in future chapters. This chapter is aimed at filtering the definition of Islamic economics and finance from global perspectives.

Keywords: Hedge Fund; Islamic Bank; Islamic Country; Islamic Finance; Conventional Bank (search for similar items in EconPapers)
Date: 2014
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:pal:palchp:978-1-137-41330-7_3

Ordering information: This item can be ordered from
http://www.palgrave.com/9781137413307

DOI: 10.1057/9781137413307_3

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().