Islamic finance: more expectations and less disappointment
Islamic finance has faced a two-fold criticism from scholars; viz. constructive criticism and destructive criticism. Majority of the scholars criticize it with the intention to improve its overall development, but some scholars are more negative in their criticism. This paper proposes that Islamic b...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
LLC "CPC "Business Perspectives"
2017-03-01
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| Series: | Investment Management & Financial Innovations |
| Subjects: | |
| Online Access: | https://businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/8568/imfi_2017_01_Lone.pdf |
| _version_ | 1818135472440868864 |
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| author | Fayaz Ahmad Lone Siraj Ahmad |
| author_facet | Fayaz Ahmad Lone Siraj Ahmad |
| author_sort | Fayaz Ahmad Lone |
| collection | DOAJ |
| description | Islamic finance has faced a two-fold criticism from scholars; viz. constructive criticism and destructive criticism. Majority of the scholars criticize it with the intention to improve its overall development, but some scholars are more negative in their criticism. This paper proposes that Islamic banks (a component of Islamic finance) are not charitable institutions, but are the intermediary institutions that take care of investors’ expectations to keep the time value and return to their investments intact with the market fluctuations. The purpose of this paper is to provide better insight about Islamic finance so as to further improve this industry to achieve its long term goals and serve the society better. The paper also attempts to answer some of the common allegations imposed by scholars towards Islamic finance. |
| first_indexed | 2024-12-11T09:25:03Z |
| format | Article |
| id | doaj.art-47844fdb7b804fdeae6d4e39a1e52211 |
| institution | Directory Open Access Journal |
| issn | 1810-4967 1812-9358 |
| language | English |
| last_indexed | 2024-12-11T09:25:03Z |
| publishDate | 2017-03-01 |
| publisher | LLC "CPC "Business Perspectives" |
| record_format | Article |
| series | Investment Management & Financial Innovations |
| spelling | doaj.art-47844fdb7b804fdeae6d4e39a1e522112022-12-22T01:13:09ZengLLC "CPC "Business Perspectives"Investment Management & Financial Innovations1810-49671812-93582017-03-0114113414110.21511/imfi.14(1).2017.148568Islamic finance: more expectations and less disappointmentFayaz Ahmad Lone0Siraj Ahmad1 College of Business Administration, Prince sattam Bin Abdulaziz University College of Business Administration, Prince sattam Bin Abdulaziz UniversityIslamic finance has faced a two-fold criticism from scholars; viz. constructive criticism and destructive criticism. Majority of the scholars criticize it with the intention to improve its overall development, but some scholars are more negative in their criticism. This paper proposes that Islamic banks (a component of Islamic finance) are not charitable institutions, but are the intermediary institutions that take care of investors’ expectations to keep the time value and return to their investments intact with the market fluctuations. The purpose of this paper is to provide better insight about Islamic finance so as to further improve this industry to achieve its long term goals and serve the society better. The paper also attempts to answer some of the common allegations imposed by scholars towards Islamic finance.https://businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/8568/imfi_2017_01_Lone.pdfallegations bankingconstructive criticismdestructive criticismexpectationsIslamic banking |
| spellingShingle | Fayaz Ahmad Lone Siraj Ahmad Islamic finance: more expectations and less disappointment Investment Management & Financial Innovations allegations banking constructive criticism destructive criticism expectations Islamic banking |
| title | Islamic finance: more expectations and less disappointment |
| title_full | Islamic finance: more expectations and less disappointment |
| title_fullStr | Islamic finance: more expectations and less disappointment |
| title_full_unstemmed | Islamic finance: more expectations and less disappointment |
| title_short | Islamic finance: more expectations and less disappointment |
| title_sort | islamic finance more expectations and less disappointment |
| topic | allegations banking constructive criticism destructive criticism expectations Islamic banking |
| url | https://businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/8568/imfi_2017_01_Lone.pdf |
| work_keys_str_mv | AT fayazahmadlone islamicfinancemoreexpectationsandlessdisappointment AT sirajahmad islamicfinancemoreexpectationsandlessdisappointment |