IDEAS home Printed from https://ideas.repec.org/a/nms/ethics/doi_10.1688-1862-0043_zfwu_2010_01_leins.html
   My bibliography  Save this article

Zur Ethik des islamischen Finanzmarktes (On the Ethics of the Islamic Financial Market)

Author

Listed:
  • Stefan Leins

Abstract

Islamic Banking ist in aller Munde. Waehrend sich OEkonomen mit den finanztechnischen und Juristen mit den religioes-rechtlichen Eigenheiten des islamischen Finanzmarktes auseinander setzen, soll Islamic Banking hier aus wirtschaftsethischer Perspektive betrachtet werden. Anhand empirischer Daten wird der Umgang islamischer Banker mit dem Zinsverbot, mit dem Teilen von Gewinnen und Verlusten zwischen Banken und Kunden und mit der Ablehnung bestimmter, von islamischen Bankern als moralisch verwerflich bewerteter Wirtschaftsbranchen besprochen. Dabei wird argumentiert, dass dem islamischen Finanzmarkt eine kulturspezifische, sich von den Moralvorstellungen konventioneller Banker unterscheidende Wirtschaftsethik inhaerent ist. (Economists and jurists have analyzed Islamic Banking from a technical and legal perspective. In this article, I will discuss the Islamic financial market with regard to its underlying ethical concepts. Based on empirical data collected in Bahrain, I will argue that the Islamic financial market possesses a culturally embedded concept of business ethics. Focusing on how Islamic bankers deal with the prohibition of interest, the sharing of gains and losses between banks and clients, and how they try to avoid business branches that they consider to be immoral, I will show that the Islamic concept of business ethics differs from the conventional one.)

Suggested Citation

  • Stefan Leins, 2010. "Zur Ethik des islamischen Finanzmarktes (On the Ethics of the Islamic Financial Market)," Zeitschrift für Wirtschafts- und Unternehmensethik - Journal for Business, Economics & Ethics, Nomos Verlagsgesellschaft mbH & Co. KG, vol. 11(1), pages 66-75.
  • Handle: RePEc:nms:ethics:doi_10.1688/1862-0043_zfwu_2010_01_leins
    as

    Download full text from publisher

    File URL: https://www.nomos-elibrary.de/10.5771/1439-880X-2010-1-66
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Islamic Banking; Islamic Finance; Anthropology of Finance; Business Ethics; Middle East Studies;
    All these keywords.

    JEL classification:

    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
    • F00 - International Economics - - General - - - General
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • J28 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Safety; Job Satisfaction; Related Public Policy
    • N35 - Economic History - - Labor and Consumers, Demography, Education, Health, Welfare, Income, Wealth, Religion, and Philanthropy - - - Asia including Middle East
    • Z10 - Other Special Topics - - Cultural Economics - - - General
    • Z12 - Other Special Topics - - Cultural Economics - - - Religion
    • Z13 - Other Special Topics - - Cultural Economics - - - Economic Sociology; Economic Anthropology; Language; Social and Economic Stratification

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:nms:ethics:doi_10.1688/1862-0043_zfwu_2010_01_leins. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Nomos Verlagsgesellschaft mbH & Co. KG (email available below). General contact details of provider: http://www.nomos.de/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.