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The driving factors for the advance of Islamic finance in Southern Europe

In: Islamic Finance in Eurasia

Author

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  • Monsurat Ayojimi Salami

Abstract

This paper examined the driving factors for advancing Islamic finance in Southern Europe. Islamic finance is based on Shariah (Islamic law), increasingly gaining popularity in Southern Europe. Several factors might have triggered the advancement of Islamic finance in that region. Among which is the need for alternative forms of financing, the continuous increase in the Muslim population in the region, and the increasing recognition of the benefits of Islamic finance, which include social responsibility and ethical investing, transparency and fairness, sustainability and environmental protection.

Suggested Citation

  • Monsurat Ayojimi Salami, 2024. "The driving factors for the advance of Islamic finance in Southern Europe," Chapters, in: M. K. Hassan & Paolo Biancone & Aishath Muneeza (ed.), Islamic Finance in Eurasia, chapter 4, pages 80-101, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:22161_4
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    File URL: https://www.elgaronline.com/doi/10.4337/9781035308705.00012
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