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Summary and Conclusions

In: Developments in Islamic Banking

Author

Listed:
  • Mohammad Mansoor Khan

    (University of South Australia)

  • Muhammad Ishaq Bhatti

    (La Trobe University)

Abstract

Islam envisages economic activities absolutely essential for the material and spiritual growth and prosperity of human beings, within moral and social contexts. Islam clashes seriously with interest, which violates the cardinal principle of fairness and justice by causing the concentration of wealth and social power in the hands of a few. Islamic Economics bans interest along with all other exploitative and anti-social elements. It promotes business and economic dealings based on private ownership, free consent, mutual trust and co-operation, fairness and risk-sharing.

Suggested Citation

  • Mohammad Mansoor Khan & Muhammad Ishaq Bhatti, 2008. "Summary and Conclusions," Palgrave Macmillan Studies in Banking and Financial Institutions, in: Developments in Islamic Banking, chapter 10, pages 200-206, Palgrave Macmillan.
    • Handle: RePEc:pal:pmschp:978-0-230-58230-9_10
    DOI: 10.1057/9780230582309_10
    as

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