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Islamic Finance Briefing - Categorized | Finance, Islamic Law / Economics more

How Islamic is “Islamic”?

Posted on 21 June 2011

In his book “Islamic Finance”, Mahmoud El-Gamal outlines the dilemma faced by the Islamic finance industry, for example. On one hand the Islamic finance industry tries to be similar to conventional finance so as not to be in any jeopardy of national or international laws.
On the other hand, the industry portrays itself to be different by using Arabic words to describe mundane secular contracts and attempting to conform to the sacred texts of Islam, even when such conformity is no more than form over function. This dilemma of being same and yet different is also faced by other Islamized disciplines……………………………………….Full Article: Source

 
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Laxman - who has written 19160 posts on Opalesque Islamic Finance Briefing.


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