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

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  • 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, Rainer Hampp Verlag, vol. 11(1), pages 66-75.
  • Handle: RePEc:rai:ethics:doi_10.1688/1862-0043_zfwu_2010_01_leins
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    Keywords

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

    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

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