Introduction to Participatory Finance

Muhammad Nouman () and Karim Ullah ()
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Muhammad Nouman: University of Agriculture
Karim Ullah: Institute of Management Sciences

Chapter Chapter 1 in Participatory Islamic Finance, 2023, pp 3-28 from Springer

Abstract: Abstract IslamIslam is a complete code of lifeLife. Unlike other religions, it is not limited to merely religious ritualsReligious rituals, modes of worshipModes of worship, and moral teachingsMoral teachings. Rather, it provides a complete set of rulesSet of rules, called Shari’ahShari’ah, which governGovern every aspect of human lifeHuman life. It constitutes divine guidelines and prohibitionsDivine guidelines and prohibitions, which when combined together have a cumulative effect of maintaining balance, justiceJustice, well-beingWell-being, and equal opportunitiesEqual opportunities. Moreover, it provides a unique set of legalLegal system, politicalPolitical system, economicEconomic system, and social systemsSocial system to ensure the welfare of individuals and societyWelfare of individuals and society as a whole in every sphere of lifeSpheres of life.

Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-19-9555-2_1

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DOI: 10.1007/978-981-19-9555-2_1

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