How Ethical is I slamic Banking in the Light of the Objectives of I slamic Law
Bibliographic Data
| ID | 14760407 |
|---|---|
| Authors | Walid Mansour (0000-0003-0955-6753, Institut Superieur de Gestion, corresponding author), Khoutem Ben Jedidia (Institut Superieur de Gestion), Jihed Majdoub (0000-0002-7250-692X, Institut Superieur de Gestion) |
| Year | 2015 |
| Volume | 43 |
| Issue | 1 |
| Pages | 51-77 |
| Publication date | 2015-03-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Journal of Religious Ethics (JOURNAL) |
| Journal identifiers | ISSN: 0384-9694 • E-ISSN: 1467-9795 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/jore.12086 |
| OpenAlex | W1999868469 |
| Language | EN |
| Citations received | 8 |
| References cited | 18 |
I slamic banking is based on moral foundations that make it distinct from conventional banking. Some argue that because of its foundation in I slam, I slamic banking may represent a more morally appealing alternative. Yet, evidence shows that this is not the case. Indeed, the current practice of I slamic banking has not been able to achieve its goals which are based on I slam's moral values: to enhance justice, equitability, and social well‐being. This essay examines the extent to which I slamic banking is ethical and concludes that the practice of the industry does not seem to be de facto ethical from the I slamic perspective of ethical values. It only consists in trading the same instruments of conventional banks without genuinely enforcing I slam's ethical vision. The practice of I slamic banking misrepresents I slam and does not contribute to solving social problems. The interaction between maqasid al‐shari ̓a (objectives of I slamic law) and qiyās (deductive analogy) provides a supplementary tool for interpreting the failure of the prior in terms of the practical misuse of the latter by I slamic banks. This essay provides an interpretive approach to the current debate about why I slamic banking has failed and suggests ways to move cautiously in the future
Analogy · Business · De facto · Economic Justice · Epistemology · Foundation (evidence · Law and economics · Perspective (graphical · Political science · Sociology · Computer Science · Halal products and consumer behavior · Islamic Finance and Banking Studies · Law · Marriage and Sexual Relationships · Philosophy
The role of Islamic marketing ethics for customer loyalty in Islamic banking through customer satisfaction
The impact of religiosity and financial literacy on financial management behavior and well-being among Indonesian Muslims
Does Islamic banking reduce the risks of Covid-19 for SMEs? Novel evidence for SME financing in the pandemic period for an emerging market
Ethical and Islamic Banking Compared from a Time-Based Perspective
Competing Logics in the Islamic Funds Industry
Portraying ethical reasoning in Islamic banking
A Reconsideration of Middle Eastern Islamic Bank Practices in Malaysia
Islamic Normative Legal Theory
| Unique citing works | 8 |
|---|---|
| Citations per year | 1,33 |
| Citation span | 2020 - 2025 (6) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 8 |