Towards a Plural Financial System
Studies in Islamic Finance, Accounting and Governance series
Edited by Valentino Cattelan
Chapter 16: Conclusions. Towards a plural financial system
Challenging the universality of Western property rights, this volume has embraced a plural approach in dealing with Islamic finance in Europe. But, in this context of property rights pluralism a ‘rivalry’ among different conceptions of economic justice(s) implicitly takes place since the rival theories of justice which embody these rival conceptions . . . give expression to disagreements about the relationship of justice to other human goods, about the kind of equality which justice requires, about the range of transactions and persons to which considerations of justice are relevant, and about whether or not a knowledge of justice is possible without a knowledge of God’s law. (MacIntyre, 1988, p. 1) In fact, the division of economic resources in individual property rights, which belongs to Western justice, does not match perfectly the logic of wealth sharing, which characterizes Islamic justice (see Chapter 1). Correspondingly, rival finances reflect this divergence.
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