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Topical issues related to the formation of the Islamic financial system: at the intersection of philosophy and practice

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Author Info

  • Magomet Yandiev

    ()
    (Department of Economics, Lomonosov Moscow State University)

Abstract

The so-called Islamic finance is an intensively developing segment of the world finance. It puts a great amount of not so much practical but complex theoretical questions to the financial regulator and professional participants of financial markets. In search of answers financial analytics have to use some philosophical tools of scientific analysis and decision-making. Just a question to illustrate the problem: “At what level (protein, cell, DNA, molecule, atom, proton, etc.) does pork cease to be meat tabooed for Muslims and become a biological material that may be used?â€

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File URL: http://www.econ.msu.ru/ext/lib/Category/x1a/xb1/6833/file/0004.pdf
File Function: First version, 2013
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Bibliographic Info

Paper provided by Moscow State University, Faculty of Economics in its series Working Papers with number 0004.

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Length: 7 pages
Date of creation: Nov 2013
Date of revision:
Handle: RePEc:upa:wpaper:0004

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Keywords: Islamic finance; Islamic banking; riba; gharar; maisir;

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