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Selected Aspects Of Islamic Banking

Author

Listed:
  • Adam Cibuľa

    (Fakulta medzinárodných vzťahov, Ekonomická univerzita v Bratislave)

Abstract

The article deals with selected specifics of Islamic banking, focusing on the basic principles and rules that determine its form and objectives. In the first part we describe the importance of Islam, which goes beyond the religious dimension and extends to all areas of life. Furthermore, we focus on the principles of Islamic economics and the definition of the basic rules of operation of Islamic banking, which is associated with the ban on riba, gharar and maysir. In conclusion, we also describe the position of Islamic financial services with regard to developments in individual regions and sectors.

Suggested Citation

  • Adam Cibuľa, 2020. "Selected Aspects Of Islamic Banking," Almanach (Actual Issues in World Economics and Politics), Ekonomická univerzita, Fakulta medzinárodných vzťahov, vol. 15(1), pages 5-12.
    • Handle: RePEc:brv:almnch:v:10:y:2020:i:1:p:5-12
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    References listed on IDEAS

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    More about this item

    Keywords

    Islamic banking; principles; riba; gharar; maysir;
    All these keywords.

    JEL classification:

    • G20 - Financial Economics - - Financial Institutions and Services - - - General
    • Z12 - Other Special Topics - - Cultural Economics - - - Religion

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