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Viewpoints: when the Islamisation model doesn't work

Author

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  • Razwan Ul‐Haq

Abstract

Purpose - The purpose of the paper is to encourage debate around the issues of the bank and Islamisation. Design/methodology/approach - The work is an ideological examination of approaches to Islamisation and includes references to thinkers from Muslim history. Findings - The Islamisation model is not wholly appropriate in the banking sector. Practical implications - The paper highlights the limitations of the Islamisation approach and puts forward the case for another methodology, Namely the model of Islamication. Social implications - The impact of the author's recommendations, if followed would revolutionise the way banking is carried out. Originality/value - The conceptualization of Islamication with regard to banking has not yet been academically formulated. This paper provides a platform to do this. Although Muslim societies and Muslims living in the West will be interested in the paper, non Muslim scholars Europe too, faced with a banking crisis may welcome some of the report's recommendations.

Suggested Citation

  • Razwan Ul‐Haq, 2012. "Viewpoints: when the Islamisation model doesn't work," Journal of Islamic Accounting and Business Research, Emerald Group Publishing Limited, vol. 3(1), pages 57-66, April.
    • Handle: RePEc:eme:jiabrp:17590811211216069
    DOI: 10.1108/17590811211216069
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