Islamic Finance: Between Classical Law and Contemporary Practice

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Higher Ethical Objective (Maqasid al-Shari’ah) Augmented Framework for Islamic Banks: Assessing Ethical Performance and Exploring Its Determinants (2019, background): “…industry both in asset terms (1893.10 billion USD in 2016) and number (360) of IBs (The Banker 2017), the current practices of Islamic Banks (IBs) have been strongly criticised as not being truly ‘Islamic’ in their operations (El-Gamal 2006; Khan 2010; Asutay 2007a, b, 2012; Aksak and Asutay 2015).”
Sharia-Compliant Hotels (2010, background): “Issues of Islamic fi nance, encompassing Islamic banking ( Yunis, 2009 ), have inspired some debate about whether the religion and modern fi nance are compatible, but there is a conviction in Muslim societies that business sectors should also conform to Sharia.”
Risk and Return Characteristics of Islamic Equity Funds (2011, unknown): “For a more elaborate introduction we refer to Zaher and Hassan (2001), Shanmugam and Zahari (2009), and Visser (2009).”