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Islamic Finance: A Review Of The Literature

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  • Jean-Yves Moisseron

    (CESSMA UMRD 245 - Centre d'études en sciences sociales sur les mondes africains, américains et asiatiques - IRD - Institut de Recherche pour le Développement - Inalco - Institut National des Langues et Civilisations Orientales - UPD7 - Université Paris Diderot - Paris 7)

  • Bruno-Laurent Moschetto

    (CRIISEA - Centre de Recherche sur les Institutions, l'Industrie et les Systèmes Économiques d'Amiens - UR UPJV 3908 - UPJV - Université de Picardie Jules Verne)

  • Frédéric Teulon

    (IPAG - Institut de Préparation à l'Administration et à la Gestion - IPAG Business School)

Abstract

In recent years, a number of Islamic banks have been created to cater to the growing demand, driven by globalization and the vast wealth of some Muslim states in the Middle East and Southeast Asia, and Islamic finance has moved from a niche position to become a mainstream component of the global banking system. Islamic banking refers to a financial system which is consistent with principles of Islamic law (or 'sharia') and guided by Islamic ethics. A large amount of research has been undertaken into this subject. This paper presents islamic finance's role in the new world order.

Suggested Citation

  • Jean-Yves Moisseron & Bruno-Laurent Moschetto & Frédéric Teulon, 2015. "Islamic Finance: A Review Of The Literature," Post-Print hal-04194802, HAL.
    • Handle: RePEc:hal:journl:hal-04194802
    DOI: 10.19030/iber.v14i5.9375
    Note: View the original document on HAL open archive server: https://u-picardie.hal.science/hal-04194802
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    References listed on IDEAS

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    Keywords

    Islamic Finance; Islamic Banks;

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