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Objectives of Islamic Finance

In: Islamic Banks and Financial Institutions

Author

Listed:
  • Fayaz Ahmad Lone

    (Prince Sattam Bin Abdulaziz University)

Abstract

In the previous chapter, Islamic finance and its background were discussed in order to understand the nature of Islamic finance from a Shari’ah point of view. In order to obtain a thorough understanding of the system of Islamic finance, there was also a discussion of the different types of riba. The present chapter moves on to an explanation of the objectives of Islamic finance. These objectives have been classified into four separate categories: Islamic objectives, social objectives, ethical objectives and economic objectives.

Suggested Citation

  • Fayaz Ahmad Lone, 2016. "Objectives of Islamic Finance," Palgrave Macmillan Studies in Banking and Financial Institutions, in: Islamic Banks and Financial Institutions, chapter 4, pages 66-82, Palgrave Macmillan.
    • Handle: RePEc:pal:pmschp:978-1-137-51566-7_4
    DOI: 10.1057/9781137515667_4
    as

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