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Islamic Finance: From Niche To Mainstream In The Academic World

Author

Listed:
  • Islahi, Abdul Azim

Abstract

Not very long ago the practicability of Islamic banking and finance was not taken seriously, and writing on such topics was considered simply a mental exercise in vain. Opportunity of teaching and learning Islamic economics, banking and finance was unheard. But the situation at present has completely changed. At present it is the most discussed and practiced area of Islamic economics. It has received global recognition. Now there is a vast variety of degree programmes in the Western universities, with different specializations. The present paper aims to shed light on the rapid development of Islamic finance in the academic circle all over the world. At the concluding note it strongly recommends for keeping close tie between its theoretical development and practical advancement.

Suggested Citation

  • Islahi, Abdul Azim, 2014. "Islamic Finance: From Niche To Mainstream In The Academic World," MPRA Paper 69027, University Library of Munich, Germany, revised 2014.
    • Handle: RePEc:pra:mprapa:69027
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    File URL: https://mpra.ub.uni-muenchen.de/69027/1/MPRA_paper_69027.pdf
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    References listed on IDEAS

    as
    1. Rodney Wilson, 1983. "Banking and Finance in the Arab Middle East," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-349-04817-5.
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    More about this item

    Keywords

    Islamic Banking; Islamic Finance; History of Islamic Banking and Finance; Objectives of Islamic Finance; Islamic Economics.;
    All these keywords.

    JEL classification:

    • B26 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Financial Economics
    • B29 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Other
    • B5 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches
    • G00 - Financial Economics - - General - - - General
    • Z1 - Other Special Topics - - Cultural Economics

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