Is Islamic Finance, social finance? / Saadiah Mohamad

Mohamad, Saadiah (2014) Is Islamic Finance, social finance? / Saadiah Mohamad. Journal of Emerging Economies and Islamic Research (JEEIR), 2 (2). pp. 1-4. ISSN 2289-2559

Abstract

Developments in Islamic Finance and Social Finance and illustrate an increasing interest globally to look at alternative ways of financing and creating value in the society. Islamic Finance and Social Finance are emerging disciplines that challenge and influence the global finance industry and both have similar mandates in terms of their emphasis in ethical business and investment. Islamic Finance is governed by the rules of the shariah that prohibits riba or interest and gharar (uncertainty), sinful business sectors such as pornography and alcohol and unethical practices such as exessive speculation and gambling. These forms of restrictions are similar to the negative screening methodology adopted by the socially responsible investment or SRI which is a rising component of Social Finance.

Metadata

Item Type: Article
Creators:
CreatorsID Num. / Email
Mohamad, SaadiahUNSPECIFIED
Divisions: Universiti Teknologi MARA, Shah Alam > Faculty of Business and Management
Journal or Publication Title: Journal of Emerging Economies and Islamic Research (JEEIR)
Journal: UiTM Journal > Journal of Emerging Economies and Islamic Research
ISSN: 2289-2559
Volume: 2
Number: 2
Page Range: pp. 1-4
Item ID: 12360
Uncontrolled Keywords: Islamic Finance, Social Finance, financing, investment and private capital
URI: http://ir.uitm.edu.my/id/eprint/12360

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