Objectives of Islamic Finance

Fayaz Ahmad Lone
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Fayaz Ahmad Lone: Prince Sattam Bin Abdulaziz University

Chapter 4 in Islamic Banks and Financial Institutions, 2016, pp 66-82 from Palgrave Macmillan

Abstract: Abstract In the previous chapter, Islamic finance and its background were discussed in order to understand the nature of Islamic finance from a Shari’ah point of view. In order to obtain a thorough understanding of the system of Islamic finance, there was also a discussion of the different types of riba. The present chapter moves on to an explanation of the objectives of Islamic finance. These objectives have been classified into four separate categories: Islamic objectives, social objectives, ethical objectives and economic objectives.

Keywords: Financial Institution; Social Objective; Islamic Bank; Economic Objective; Islamic Finance (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pmschp:978-1-137-51566-7_4

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DOI: 10.1057/9781137515667_4

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