The Future of Islamic Finance
From Shari’ah Law to Fintech
- 320 pages
- English
- PDF
- Available on iOS & Android
About this book
Islamic finance has witnessed a meteoric ascent in recent decades, cementing its status as a prominent player within the global financial sphere. Diverging from traditional financial systems, Islamic finance operates on the tenets of Shari'ah law, which emphasizes principles such as social equity, risk-sharing, and ethical investing. Although Islamic finance's appeal is evident within the Muslim community, its ethical and socially responsible investment options have begun to entice non-Muslims as well.
Edited by Edib Smolo and Mohamed Mahees Raheem, this exhaustive collection presents an all-encompassing account of the current status of Islamic finance, accentuating its ethical, technological, and sustainable facets. The work is divided into four distinct parts which encompass the origin and evolution of Islamic finance, the underlying principles of Islamic finance and the primary disparities between Islamic finance and conventional financial systems, as well as the future of Islamic finance. Moreover, the collection explores the assimilation of Islamic finance principles into modern financial systems and the influence of Muslim scholars on present-day economic theories. The work emphasizes the significant contribution of Islamic finance in promoting sustainable development and social prosperity and underscores the incorporation of Islamic finance into the Sustainable Development Goals (SDGs). The work delves into the prospects and obstacles associated with the amalgamation of fintech and digital currencies into the Islamic finance sector and highlights the potential of green and sustainable finance in the digital era.
This edited collection is designed for a wide range of professionals encompassing practitioners, policymakers, researchers, and students who are intrigued by the mounting significance of Islamic finance and its potential for the global financial sphere.
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Table of contents
- Cover
- The Future of Islamic Finance
- The Future of Islamic Finance: From Shari’ah Law to Fintech
- Copyright Page
- Dedication
- Contents
- List of Abbreviations
- About the Editors
- About the Contributors
- Preface
- Acknowledgments
- 1. A Brief Overview of Islamic Finance: From Madinah Market to Wall Street
- 2. Navigating Modern Economic Challenges: The Islamic Economics Paradigm in Focus
- 3. The Eternality of Islamic Teachings: The Adaptability of Islamic Finance Principles
- 4. Islam and Free Trade: The Contributions of Muslim Scholars to Modern Economic Theories
- 5. Integrating Islamic Finance Into the Sustainable Development Goals (SDGs)
- 6. Achieving Social Well-Being and Financial Inclusion Through Islamic Microfinance: A Case Study of Akhuwat Islamic Microf ...
- 7. Sustainable Development: Exploring the Role of Islamic Social Finance in Promoting Sustainable Development and Social We ...
- 8. Promoting Sustainable Development Through Islamic Social Finance
- 9. Sustainable Synergy: The Ethical Imperative of Islamic Banking in Shaping a Responsible Financial Future
- 10. Sustainable Agriculture and Islamic Finance: Cultivating Prosperity and Values
- 11. Fintech and Islamic Finance: Opportunities and Challenges
- 12. Digital Currencies and Their Compatibility in the Islamic Finance Industry
- 13. Islamic Banking and the Fourth Industrial Revolution: The Current Application, Adoption, and Future Challenges of Artif ...
- 14. The Future of Islamic Finance
- 15. Conclusion: Beyond the Horizon
- Index