Daly, Saïda and Frikha, Mohamed,(13 August 2014), Islamic Finance: Basic Principles and Contributions in Financing Economic. , Springer Science+Business Media, UNSPECIFIED
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Abstract
Abstract The aim of the study is to present the basic principles which guide the
financial activities and operations within an Islamic bank and to see how the Islamic
banking activities diverge from a conventional bank. Our purpose is also to show how
Islamic banks may contribute to provide financial services to the real economy. The
idealistic basis of an Islamic financial system exceeds the simple interaction of production
factor and economic behavior. It can be completely respected only in the case
of Islam’s directives on the business ethics, wealth distribution, social and economic
justice and honesty, and the role of the state. While the conventional economic vision
focuses principally on the economic and financial aspects of operations, the Islamic
economic doctrine focuses on the ethical, moral, social, and religious dimensions, to
improve equality and fairness which are the values of Islamic commandment and its
practical application via the development of Islamic economics. It is not necessary that
the parties of an Islamic financial contract be Muslims; however, they should respect
the ethical norms and values emphasized by Islamic law (Shari’ah).
Keywords : | Basic principles . Islamicbanks . Islamic finance. Islamic economic .Shari’ah, UNSPECIFIED |
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Journal or Publication Title: | Springer Science+Business Media |
Volume: | UNSPECIFIED |
Number: | UNSPECIFIED |
Item Type: | Article |
Subjects: | Ekonomi Islam |
Depositing User: | Users 15 not found. |
Date Deposited: | 23 Dec 2019 04:17 |
Last Modified: | 23 Dec 2019 04:17 |
URI: | https://repofeb.undip.ac.id/id/eprint/657 |