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Introduction to Participatory Finance

In: Participatory Islamic Finance

Author

Listed:
  • Muhammad Nouman

    (University of Agriculture)

  • Karim Ullah

    (Institute of Management Sciences)

Abstract

IslamIslam is a complete code of lifeLife. Unlike other religions, it is not limited to merely religious ritualsReligious rituals, modes of worshipModes of worship, and moral teachingsMoral teachings. Rather, it provides a complete set of rulesSet of rules, called Shari’ahShari’ah, which governGovern every aspect of human lifeHuman life. It constitutes divine guidelines and prohibitionsDivine guidelines and prohibitions, which when combined together have a cumulative effect of maintaining balance, justiceJustice, well-beingWell-being, and equal opportunitiesEqual opportunities. Moreover, it provides a unique set of legalLegal system, politicalPolitical system, economicEconomic system, and social systemsSocial system to ensure the welfare of individuals and societyWelfare of individuals and society as a whole in every sphere of lifeSpheres of life.

Suggested Citation

  • Muhammad Nouman & Karim Ullah, 2023. "Introduction to Participatory Finance," Springer Books, in: Participatory Islamic Finance, chapter 0, pages 3-28, Springer.
    • Handle: RePEc:spr:sprchp:978-981-19-9555-2_1
    DOI: 10.1007/978-981-19-9555-2_1
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