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Islamic Finance in Europe

Islamic Finance in Europe

Towards a Plural Financial System

Studies in Islamic Finance, Accounting and Governance series

Edited by Valentino Cattelan

Highlighting the impact of current globalization on financial markets, this topical book challenges the universality of Western property rights and interprets Islamic finance in Europe as part of a plural financial system, where different conceptions of economic justice(s) co-exist and influence each other.

Chapter 3: A glimpse through the veil of Maya: Islamic finance and its truths on property rights

Valentino Cattelan

Subjects: economics and finance, financial economics and regulation, islamic economics and finance


‘We are satisfied that the earth is round.’ On Certainty (Über Gewißheit) collects notes written by Ludwig Wittgenstein just prior to his death, later compiled into a book by Elizabeth Anscombe and published posthumously in 1969. The contents deal with epistemological issues (that is, the nature and validity of human knowledge) and one notable claim is that there are things that we know, which are deemed to be true: their truth, either experienced by common sense or proved by experiments or founded on tradition or religious creed, is exempted from doubt, for human practices to be possible. Among On Certainty notes, one has always drawn my attention, §299: ‘We are satisfied that the earth is round.’ I have always been puzzled not only by the use of English in this note, in the otherwise German manuscript, but above all by the epistemic meaning of ‘being satisfied’.

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