Show Less
You do not have access to this content

A Model for Islamic Development

An Approach in Islamic Moral Economy

Shafiullah Jan and Mehmet Asutay

This book aims to explore and analyse Islamic Moral Economy (IME) as an alternative economic and social system to capitalism and socialism. It proposes a new model of Islamic development, integrating global development within an Islamic framework of spiritual development. It is argued that the failure of Muslim countries to provide basic necessities and an environment free of oppression and injustice can be overcome with this authentic Islamic development framework. In addition, this book can be an important study to identify the theological, political, social and economic boundaries for changing the society to produce IME oriented developmentalism.
Show Summary Details
You do not have access to this content

Chapter 5: A critical evaluation of the social and economic development performance of Islamic banks

Shafiullah Jan and Mehmet Asutay

Extract

This chapter aims to evaluate the Islamic banks and financial institutions’ social and economic performance as a real contribution to economic development using the IME paradigm for development as a benchmark. The results show that most Islamic banks and financial institutions are focused on debt-based financing instruments compared to equity based financing, which is considered an ideal tool of financing in IBF.

You are not authenticated to view the full text of this chapter or article.

Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.

Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.

Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.


Further information

or login to access all content.