Advanced Search
MyIDEAS: Login

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

Contents:

Author Info

  • Stefan Leins
Registered author(s):

    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.)

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://www.hampp-verlag.de/hampp_e-journals_zfwu.htm#110
    Download Restriction: no

    Bibliographic Info

    Article provided by Rainer Hampp Verlag in its journal Zeitschrift fuer Wirtschafts- und Unternehmensethik.

    Volume (Year): 11 (2010)
    Issue (Month): 1 ()
    Pages: 66-75

    as in new window
    Handle: RePEc:rai:ethics:doi_10.1688/1862-0043_zfwu_2010_01_leins

    Contact details of provider:
    Web page: http://www.hampp-verlag.de/

    Order Information:
    Postal: Rainer Hampp Verlag, Journals, Marktplatz 5, 86415 Mering, Germany. A subscripton is required to access pdf files. Pay per article is available at
    Email:
    Web: http://www.hampp-verlag.de/Hampp_Recherche_d.htm

    Related research

    Keywords: Islamic Banking; Islamic Finance; Anthropology of Finance; Business Ethics; Middle East Studies;

    Find related papers by JEL classification:

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:rai:ethics:doi_10.1688/1862-0043_zfwu_2010_01_leins. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Rainer Hampp).

    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.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with 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 profile, as there may be some citations waiting for confirmation.

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