Is Islamic Finance, social finance? / Saadiah Mohamad

Developments in Islamic Finance and Social Finance and illustrate an increasing interest globally to look at alternative ways of financing and creating value in the society. Islamic Finance and Social Finance are emerging disciplines that challenge and influence the global finance industry and both...

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Main Author: Mohamad, Saadiah
Format: Article
Published: Faculty of Business and Management 2014
Online Access:http://ir.uitm.edu.my/id/eprint/12360/
id uitm-12360
recordtype eprints
spelling uitm-123602017-08-08T04:02:07Z http://ir.uitm.edu.my/id/eprint/12360/ Is Islamic Finance, social finance? / Saadiah Mohamad Mohamad, Saadiah Developments in Islamic Finance and Social Finance and illustrate an increasing interest globally to look at alternative ways of financing and creating value in the society. Islamic Finance and Social Finance are emerging disciplines that challenge and influence the global finance industry and both have similar mandates in terms of their emphasis in ethical business and investment. Islamic Finance is governed by the rules of the shariah that prohibits riba or interest and gharar (uncertainty), sinful business sectors such as pornography and alcohol and unethical practices such as exessive speculation and gambling. These forms of restrictions are similar to the negative screening methodology adopted by the socially responsible investment or SRI which is a rising component of Social Finance. Faculty of Business and Management 2014 Article PeerReviewed Mohamad, Saadiah (2014) Is Islamic Finance, social finance? / Saadiah Mohamad. Journal of Emerging Economies and Islamic Research (JEEIR), 2 (2). pp. 1-4. ISSN 2289-2559
repository_type Digital Repository
institution_category Local University
institution Universiti Teknologi MARA
building UiTM Institutional Repository
collection Online Access
description Developments in Islamic Finance and Social Finance and illustrate an increasing interest globally to look at alternative ways of financing and creating value in the society. Islamic Finance and Social Finance are emerging disciplines that challenge and influence the global finance industry and both have similar mandates in terms of their emphasis in ethical business and investment. Islamic Finance is governed by the rules of the shariah that prohibits riba or interest and gharar (uncertainty), sinful business sectors such as pornography and alcohol and unethical practices such as exessive speculation and gambling. These forms of restrictions are similar to the negative screening methodology adopted by the socially responsible investment or SRI which is a rising component of Social Finance.
format Article
author Mohamad, Saadiah
spellingShingle Mohamad, Saadiah
Is Islamic Finance, social finance? / Saadiah Mohamad
author_facet Mohamad, Saadiah
author_sort Mohamad, Saadiah
title Is Islamic Finance, social finance? / Saadiah Mohamad
title_short Is Islamic Finance, social finance? / Saadiah Mohamad
title_full Is Islamic Finance, social finance? / Saadiah Mohamad
title_fullStr Is Islamic Finance, social finance? / Saadiah Mohamad
title_full_unstemmed Is Islamic Finance, social finance? / Saadiah Mohamad
title_sort is islamic finance, social finance? / saadiah mohamad
publisher Faculty of Business and Management
publishDate 2014
url http://ir.uitm.edu.my/id/eprint/12360/
first_indexed 2023-09-18T22:49:07Z
last_indexed 2023-09-18T22:49:07Z
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