Conceptualisation of the second best solution in overcoming the social failure of Islamic banking and finance : examining the overpowering of Homoislamicus by Homoeconomicus.

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The Impact of Corporate Social Responsibility Disclosure on Financial Performance: Evidence from the GCC Islamic Banking Sector (2018, result): “Similar to other religions, Islam has at its heart ‘social good’, ‘good governance’, ‘environmental concern’ and ‘ethical individual and organisational beha-viour’ (Asutay 2007, 2012, 2013).”
Equity financing and debt-based financing: Evidence from Islamic microfinance institutions in Indonesia (2017, background): “Asutay (2007) argues that equity financing and PLS contracts are the solution to achieve justice and equality and meet not only the maqasid al-shari’a (objective of shari’a), but also the objectives of Islam.”
Higher Ethical Objective (Maqasid al-Shari’ah) Augmented Framework for Islamic Banks: Assessing Ethical Performance and Exploring Its Determinants (2019, background): “Contextually, in the IME-based operational axioms through which IBFIs can operate, they have adopted neo-classical assumptions and pragmatic attitudes and have therefore shifted away from the IME framework (Asutay 2007a).”