Islamic Finance in Finland
Abstract— This is a research based on the results of a survey conducted with Muslims residing in Finland about the reasons for not taking usurious loans and their reluctance to pay interest, which affects significantly the Muslim community and leads to their financial exclusion, such as preventing...
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| Format: | Article |
| Language: | English |
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Università degli Studi di Torino
2023-04-01
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| Series: | European Journal of Islamic Finance |
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| Online Access: | https://www.ojs.unito.it/index.php/EJIF/article/view/7162 |
| _version_ | 1827962764719554560 |
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| author | Sanaa Kadi |
| author_facet | Sanaa Kadi |
| author_sort | Sanaa Kadi |
| collection | DOAJ |
| description |
Abstract— This is a research based on the results of a survey conducted with Muslims residing in Finland about the reasons for not taking usurious loans and their reluctance to pay interest, which affects significantly the Muslim community and leads to their financial exclusion, such as preventing them from owning a dwelling in Finland or investing their money in projects that are in compliance with their religion.
The results were exclusive and reflect the reality experienced by the Muslim minority in Finland. In addition to the interesting results observed, the non-existence of Islamic banking institutions in Finland makes this research unique because it explains how Muslims perceive usury and deal with it in an environment where the Muslim community is growing constantly but is still considered a minority.
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| first_indexed | 2024-04-09T16:48:06Z |
| format | Article |
| id | doaj.art-80b58551bcc44912bd11bce9ff2f6237 |
| institution | Directory Open Access Journal |
| issn | 2421-2172 |
| language | English |
| last_indexed | 2024-04-09T16:48:06Z |
| publishDate | 2023-04-01 |
| publisher | Università degli Studi di Torino |
| record_format | Article |
| series | European Journal of Islamic Finance |
| spelling | doaj.art-80b58551bcc44912bd11bce9ff2f62372023-04-22T06:39:13ZengUniversità degli Studi di TorinoEuropean Journal of Islamic Finance2421-21722023-04-0110110.13135/2421-2172/7162Islamic Finance in FinlandSanaa Kadi0PhD student Abstract— This is a research based on the results of a survey conducted with Muslims residing in Finland about the reasons for not taking usurious loans and their reluctance to pay interest, which affects significantly the Muslim community and leads to their financial exclusion, such as preventing them from owning a dwelling in Finland or investing their money in projects that are in compliance with their religion. The results were exclusive and reflect the reality experienced by the Muslim minority in Finland. In addition to the interesting results observed, the non-existence of Islamic banking institutions in Finland makes this research unique because it explains how Muslims perceive usury and deal with it in an environment where the Muslim community is growing constantly but is still considered a minority. https://www.ojs.unito.it/index.php/EJIF/article/view/7162riba;Islamic banksinterest;Islamic finance in Finland;housing and Muslims in Finland |
| spellingShingle | Sanaa Kadi Islamic Finance in Finland European Journal of Islamic Finance riba; Islamic banks interest; Islamic finance in Finland; housing and Muslims in Finland |
| title | Islamic Finance in Finland |
| title_full | Islamic Finance in Finland |
| title_fullStr | Islamic Finance in Finland |
| title_full_unstemmed | Islamic Finance in Finland |
| title_short | Islamic Finance in Finland |
| title_sort | islamic finance in finland |
| topic | riba; Islamic banks interest; Islamic finance in Finland; housing and Muslims in Finland |
| url | https://www.ojs.unito.it/index.php/EJIF/article/view/7162 |
| work_keys_str_mv | AT sanaakadi islamicfinanceinfinland |