GOOD FINANCE: INTEGRATION OF ETHICS AND SHARIAH IN ISLAMIC FINANCE
Islamic Financial industry is moving towards the global integration. There is a considerable acceptance of Islamic financial practices across the globe. Islamic finance is viewed positively as an attractive financial system that could be adopted in modern context. One of the reasons for this accept...
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| Format: | Article |
| Language: | English |
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Fakultas Ekonomi Universitas Islam Sultan Agung
2016-09-01
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| Series: | IJIBE (International Journal of Islamic Business Ethics) |
| Subjects: | |
| Online Access: | http://dx.doi.org/10.30659/ijibe.1.2.121-130 |
| _version_ | 1818599620373118976 |
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| author | Hafas Furqani Mohamad Akram Laldin Ratna Mulyany |
| author_facet | Hafas Furqani Mohamad Akram Laldin Ratna Mulyany |
| author_sort | Hafas Furqani |
| collection | DOAJ |
| description | Islamic Financial industry is moving towards the global integration. There is a considerable acceptance of Islamic financial practices across the globe. Islamic finance is viewed positively as an attractive financial
system that could be adopted in modern context. One of the reasons for this acceptance could be due to its ethical promises. Islamic finance is perceived as an ethical based finance that is operating with a set of good ethics in financial dealings. With that ethical back up as the underlying principles in financial activities, there is wide expectation that it could offer a different perspective and approach in finance and a coherent perspective for understanding real economic problems faced by human
being and hence could elegantly solve the crisis as regularly faced in the conventional financial system. Islamic finance is developed with the aim of capturing the moral high ground of banking and financial practices in an increasingly volatile world by offering a financial
philosophy based on the triumph of ethics and dealing with customers in a more humanistic approach for the betterment of society. In this regard, the moral mastery is not only expected to be the hallmark of Islamic financial professionalism, but it is also desired to be naturally integrated in the system and its practitioners. Islamic finance aims to achieve a fair wealth circulation in society, fair and transparent financial dealings and justice in micro and macro dimension. The paper attempts to discuss the concept of ethics in Islamic finance, its basis, principles and objectives in the contemporary world |
| first_indexed | 2024-12-16T12:22:29Z |
| format | Article |
| id | doaj.art-71877f5de8f5420ab1b08c25d35b0463 |
| institution | Directory Open Access Journal |
| issn | 2502-0633 2502-4647 |
| language | English |
| last_indexed | 2024-12-16T12:22:29Z |
| publishDate | 2016-09-01 |
| publisher | Fakultas Ekonomi Universitas Islam Sultan Agung |
| record_format | Article |
| series | IJIBE (International Journal of Islamic Business Ethics) |
| spelling | doaj.art-71877f5de8f5420ab1b08c25d35b04632022-12-21T22:31:56ZengFakultas Ekonomi Universitas Islam Sultan AgungIJIBE (International Journal of Islamic Business Ethics)2502-06332502-46472016-09-011212113010.30659/ijibe.1.2.121-130GOOD FINANCE: INTEGRATION OF ETHICS AND SHARIAH IN ISLAMIC FINANCEHafas Furqani0Mohamad Akram Laldin1Ratna Mulyany2Faculty of Islamic Economics and Business, Ar-Raniry State Islamic University, Banda Aceh, IndonesiaInternational Shariah Research Academy for Islamic Finance (ISRA), MalaysiaDepartment of Accounting, Syiahkuala University, Banda Aceh, IndonesiaIslamic Financial industry is moving towards the global integration. There is a considerable acceptance of Islamic financial practices across the globe. Islamic finance is viewed positively as an attractive financial system that could be adopted in modern context. One of the reasons for this acceptance could be due to its ethical promises. Islamic finance is perceived as an ethical based finance that is operating with a set of good ethics in financial dealings. With that ethical back up as the underlying principles in financial activities, there is wide expectation that it could offer a different perspective and approach in finance and a coherent perspective for understanding real economic problems faced by human being and hence could elegantly solve the crisis as regularly faced in the conventional financial system. Islamic finance is developed with the aim of capturing the moral high ground of banking and financial practices in an increasingly volatile world by offering a financial philosophy based on the triumph of ethics and dealing with customers in a more humanistic approach for the betterment of society. In this regard, the moral mastery is not only expected to be the hallmark of Islamic financial professionalism, but it is also desired to be naturally integrated in the system and its practitioners. Islamic finance aims to achieve a fair wealth circulation in society, fair and transparent financial dealings and justice in micro and macro dimension. The paper attempts to discuss the concept of ethics in Islamic finance, its basis, principles and objectives in the contemporary worldhttp://dx.doi.org/10.30659/ijibe.1.2.121-130islamic financeethicsgood financeshari’ah compliancemaqāṣid al-shari’ah |
| spellingShingle | Hafas Furqani Mohamad Akram Laldin Ratna Mulyany GOOD FINANCE: INTEGRATION OF ETHICS AND SHARIAH IN ISLAMIC FINANCE IJIBE (International Journal of Islamic Business Ethics) islamic finance ethics good finance shari’ah compliance maqāṣid al-shari’ah |
| title | GOOD FINANCE: INTEGRATION OF ETHICS AND SHARIAH IN ISLAMIC FINANCE |
| title_full | GOOD FINANCE: INTEGRATION OF ETHICS AND SHARIAH IN ISLAMIC FINANCE |
| title_fullStr | GOOD FINANCE: INTEGRATION OF ETHICS AND SHARIAH IN ISLAMIC FINANCE |
| title_full_unstemmed | GOOD FINANCE: INTEGRATION OF ETHICS AND SHARIAH IN ISLAMIC FINANCE |
| title_short | GOOD FINANCE: INTEGRATION OF ETHICS AND SHARIAH IN ISLAMIC FINANCE |
| title_sort | good finance integration of ethics and shariah in islamic finance |
| topic | islamic finance ethics good finance shari’ah compliance maqāṣid al-shari’ah |
| url | http://dx.doi.org/10.30659/ijibe.1.2.121-130 |
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